Medical Gloves Market worth over $25bn by 2027
Published Date: June 16, 2021 Authors: Sumant Ugalmugle, Rupali Swain
Medical Gloves Market size is set to surpass USD 25 billion by 2027, according to a new research report by Global Market Insights, Inc.
Growing incidence of infectious and contagious diseases globally are among the prime factors increasing the adoption of medical gloves in order to reduce the risk of contamination and spread of these diseases. Infectious agents responsible for spreading contagious diseases can be transmitted by indirect or direct contact. Diseases that spread primarily through direct contact are ringworm, trichinosis, rabies, influenza, and malaria among others. The disease patterns are shifting continuously making the communicable diseases one of the leading cause of morbidity and mortality in emerging economies. Communicable diseases further inflict heavy economic burden on the low- and mid-income countries.
Growing number of healthcare facilities in developing countries is anticipated to boost the medical gloves market growth
Rising healthcare facilities such as small hospitals, ambulatory care centers and clinics in the developing countries will augment the market expansion. Other trends include growth in private-sector investment in healthcare sector and emergence of single-specialty & stand-alone centers in low and mid-income countries will fuel the product demand. Collaborations among private for-profit and non-profit organizations are becoming integral to high-quality healthcare service providers and scaling up the number of patients served. For instance, the North Star Alliance is one such example of collaborative healthcare in Sub-Saharan region in Africa.
The North Star has a network of over 30 roadside healthcare facilities, operating in countries such as Kenya, Tanzania, and South Africa. Similarly, Karuna Trust, a non-profit public-private partnership operates over 68 health centers in seven states across India. This partnership has resulted in increased patient satisfaction and affordable healthcare services, serving over one million people in rural and remote areas of India. Moreover, government initiatives to start medical centers for general population are increasing the number of healthcare establishments. The UAE government has taken proactive initiatives to establish new healthcare facilities in the country.
Higher strength and better resistance offered by latex gloves is expected to spur the industry growth
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The latex medical gloves market accounted for around USD 5.1 billion in 2020 led by the higher strength and better protection offered by the gloves against punctures and tears. They also provide the user, an accurate fit and feature high stretching capabilities, promoting comfort as well as superior dexterity for long duration use. Medical gloves composed of latex provide high tactility and thus are highly preferred by the surgeons for sensitive applications including medical procedures. Additionally, high durability and flexibility make these medical gloves highly utilized when dealing with biological materials such as blood, urine, and saliva.
Highly affordable powdered gloves will expand the existing customer pool
The powdered gloves segment in the medical gloves market exceeded USD 1.1 billion in 2020. Powdered gloves contain added corn starch that facilitates easier wearing and prevent them from sticking together. Corn starch coatings are majorly used in powdered gloves and it has replaced other powdering agents including talc and lycopodium powder owing to irritation issues. Powdered gloves are developed to enhance gripping, promote donning and reduce sweating during medical procedures. These medical gloves are highly affordable in comparison to their counterparts, powder-free gloves.
Rising number of surgical procedures will promote the surgical gloves segment share
The surgical medical gloves market was valued at more than USD 4 billion in 2020 driven by the increasing number of surgeries. Surgical gloves are medical grade gloves, exclusively utilized by the surgeons and other medical professionals during surgical procedures. These gloves have to meet strict quality standards and are generally sterile for use in surgeries. Surgical gloves provide better fit with highly accurate sizing and more tactile sensitivity. The gloves provide protection to the operating surgeon against blood or other bodily fluid exposure. Growth in the number of medical procedures will be conducive for the market.
Browse key industry insights spread across 450 pages with 781 market data tables & 23 figures & charts from the report, “Medical Gloves Market Size By Product (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves), By Form (Powder-free Gloves, Powdered Gloves), By Application (Examination Gloves, Surgical Gloves), By Usage (Disposable Gloves, Reusable Gloves), By Sterility (Sterile Gloves, Non-sterile Gloves), By Distribution Channel (Brick and Mortar, E-commerce), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing concerns related to infectious diseases will push the demand for disposable gloves
The disposable medical gloves market accounted for USD 10.9 billion in 2020 impelled by the more convenience during use and higher flexibility. Disposable gloves feature thinner layer of polymer in comparison with reusable gloves that enables greater sensitivity. Rising incidence of communicable diseases, the COVID-19 pandemic and rising concerns regarding safety and hygiene has surged the demand for disposable gloves, to prevent the further spread of the virus. Disposable gloves minimize or prevent the risk of spreading contamination in comparison to reusable gloves. As a result, disposable gloves are highly preferred across the medical sector, in out-patient, in-patient, dental clinics and ambulatory surgical centers.
Better affordability and higher flexibility provided by non-sterile gloves will drive the medical gloves market demand
The non-sterile gloves segment dominated more than 57% of the market share in 2020. Non-sterile gloves are the gloves that are used without sterilization, although they are tested by the U.S. FDA to ensure adherence to standard guidelines. Non-sterile gloves are cheaper, exhibit acceptable quality level (AQL) score from 1.5 to 2.5 and are utilized for majorly non-surgical procedures. According to a research published by the National Centers for Biotechnology Information (NCBI), studies conducted in skin care centers used non-sterile gloves. The study reported that use of non-sterile gloves does not foster the potential risk of infection when used during numerous minor skin procedures.
Rapid acceptance of e-commerce in medical sector and increased internet penetration will accelerate the market revenue
The e-commerce segment in the medical gloves market size was USD 4.6 billion in 2020 owing to the increased internet penetration and usage of mobile & internet apps. E-commerce is exponentially growing in the medical sector. Rising life expectancy coupled with the growing demand for high-quality medical products and has surged the need for healthcare supplies globally. Emergence of startups and new players in the business would further promote the segment growth.
Growing usage of medical gloves and increasing number of ambulatory surgical centers will stimulate the medical gloves market value
The ambulatory surgical centers segment is anticipated to reach USD 5.9 billion by 2027 propelled by the same-day surgical procedures, lower costs than hospitals and availability of advanced medical technologies. According to a published estimate, in 2019, there were approximately 9,280 ambulatory surgical centers in the U.S. Increase in ambulatory surgical centers facilities that offer specialty services would rise the adoption of medical gloves. In addition, surgery centers have been related with low infection rates. As a result, the growing preference for ambulatory surgical centers over other healthcare facilities will augment the demand for medical gloves, thereby fueling the industry revenue during the forecast period.
Increasing cases of surgical site infection in China will boost the market progression
China held a significant revenue share in the Asia Pacific medical gloves market and is projected to expand at a 7.5% growth rate by 2027 on account of the rising number of surgical site infections and growing economic burden of infectious diseases among others. Surgical site infections (SSI) occur after an invasive procedure and are amongst the fatal events threatening the patient health. SSI are responsible for more than 20% of healthcare-associated infections in patients and promotes surgery-associated mortality rate.
According to the National Centers for Biotechnology Information (NCBI), the average prevalence of SSI in China was around 4.5%. SSI further inflict significant economic burden due to increased duration of hospital stays. Several studies have estimated additional cost that the healthcare facility or national health faces ranges from around USD 20 to USD 300. Similarly, as per a research article published by the BMC Infectious Diseases, the risk of SSI after colorectal surgery was around 7.1% in China. The increasing risk of SSI and other healthcare associated infections would increase the demand for medical gloves and other infection control products. Moreover, presence of prominent players in the country, will further amplify the industry demand.
Players are emphasizing on strategic initiatives and innovative product launch to expand business operations
Some of the major companies operating in the medical gloves market are Ansell Healthcare, Top Glove Corporation Berhad, Hartalega Holdings Berhad, Semperit AG Holding, and Supermax Corporation Berhad among others. These leaders are engaged in strategic collaborations, partnerships and agreements to gain competitive advantage over their competitors.
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