Surgical Gloves Market size is set to surpass USD 7.3 billion by 2027, according to a new research report by Global Market Insights Inc.
The COVID-19 outbreak has been playing a pivotal role in the up-surge of demand for personal protective equipment (PPE) supplies including surgical gloves. This pandemic triggered a chain of direct and indirect impacts on health expenditure and the healthcare system that has benefitted the market. According to the National Centers for Biotechnology Information (NCBI) article, in 2020, the COVID-19 crisis proliferated the adoption and use of surgical gloves. This increased use among the medical healthcare professionals is mainly intended to reduce the microbial contamination risk when dealing with blood and other fluids. The COVID-19 pandemic elevated the significance of hygiene awareness among healthcare facilities and medical practitioners. This induced awareness is anticipated to benefit the market in the long-term perspective.
Growing number of healthcare facilities and medical practitioners to stimulate the surgical gloves market growth
Rising number of medical professionals and healthcare facilities including hospitals, surgery centers, diagnostic centers, and others are estimated to promote the market expansion. According to the American Hospital Association (AHA) survey, in 2019, there were 6,090 hospitals were operating in the U.S. with over 100,000 intensive care beds. The Definitive Healthcare's estimates for 2020 highlights that there are over 9,280 active ambulatory surgery centers in the U.S. Moreover, according to a published research report, the volume of surgical interventions at ambulatory surgery centers to expand at 6% to 7% rate by 2021. Rise in the orthopedic, spine and cardiovascular interventions are the major drivers for substantial growth in these outpatient surgical centers. The notable rise in the healthcare facilities with growing patient admissions will surge the acceptance of surgical gloves. According to AHA Hospital Statistics, in 2019, the total hospital admissions in the U.S. stood at more than 36 million.
The increased hospital admissions may increase the risk of healthcare-associated infections after surgical procedures. Surgical gloves are extensively used as part of strategy recommended by the CDC to curb down the incidence of hospital associated infections. The medical professionals, primarily surgeons are one of the key users of surgical gloves. The rise in number of surgeons is thereby slated to promote surgical gloves market demand. In recent years, the number of neurosurgeons has surged in many geographic regions.
Beneficial intrinsic attributes and optimal protection offered by neoprene gloves will spur the market progression
Get more details on this report - Request Free Sample PDF
The neoprene surgical gloves market is expected to witness 0.4% growth rate through 2027 led by the beneficial intrinsic attributes and optimal protection offered by these gloves. Neoprene refers to synthetic rubber composite that provides waterproof protection against a variety of chemicals, blood, bodily fluids, and other infectious biomaterials in clinical settings. These gloves possess intrinsic properties such as superior resistance to stretching, tear, and high flexibility that makes them an optimal solution in medical applications. In addition to this, neoprene gloves undergo free radical polymerization process whilst manufacturing that provides better finger dexterity, good pliability, and high resistance to cut & tear.
Easy wearing, removal, and donning offered by powdered gloves to benefit the segment growth
The powdered surgical gloves market is poised to reach USD 290 million by 2027. Powdered gloves use corn starch powder that aids in seamless donning and prevents them from sticking together. Powdered gloves are designed to improvise gripping, facilitate easy wear & removal, donning and to limit sweating during lengthy surgical procedures. These gloves are cost-effective as compared to their counterparts, powder-free gloves.
Browse key industry insights spread across 350 pages with 677 market data tables & 22 figures & charts from the report, “Surgical Gloves Market Size By Product (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves), By Form (Powder-free Gloves, Powdered 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, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
High comfort and superior durability among other factors will push the demand for reusable gloves
The reusable surgical gloves market was valued at USD 847 million in 2020 impelled by the high comfort and superior durability offered by reusable gloves. Reusable gloves provide a suitable alternative to disposable gloves as they can be cleaned and sanitized for reuse. Reusable gloves provide better protection and exhibit high resistance tear as compared to disposable gloves. They also offer higher level of protection against infectious bodily fluids and bio-hazardous materials during surgical procedures. These gloves also assist in minimizing the expenses, thereby benefiting in the longer run.
Use of non-sterile gloves in minor non-surgical procedures to prove beneficial for the market value
The non-sterile gloves segment captured 9% of the surgical gloves market share in 2020 and will cross USD 621 million by 2027. Non-sterile gloves are used without sterilization, although these gloves undergo quality check procedure monitored by the U.S. FDA. Non-sterile gloves are more affordable, feature acceptable quality level (AQL) score from 1.5 to 2.5 and are increasingly used in non-surgical procedures.
High preference for online purchasing, increased internet penetration will fuel push the demand for surgical gloves
The e-commerce segment in the surgical gloves market accounted for USD 1.29 billion in 2020 and is estimated to attain a CAGR of 1.2% till 2027. This considerable segment expansion is attributed to multiple factors including high preference for online purchasing, increased internet penetration and usage of mobile & internet apps. Healthcare e-commerce facilitates purchasing and selling of medical equipment & supplies including surgical gloves. It provides advantages such as high convenience, competitive prices, discounts, broad spectrum of products, refund policies, and other features that is driving the preference. Additionally, high internet penetration rates in developed countries and surging number of internet users in emerging economies will promote the e-commerce segment progression.
Rising surgical volume at ambulatory surgical centers to accelerate the industry growth
The surgical gloves market for ambulatory surgical centers segment is anticipated to reach over USD 1.68 billion by 2027 owing to the same-day surgical procedures, cost-effective model and rising number of outpatient surgeries. Ambulatory surgery centers are revolutionizing the healthcare services by concentrating on regular, lower-risk procedures in convenient clinical setting. These surgery centers provide surgical procedures at 35% to 50% reduced healthcare expenses than hospitals. In addition, in 2018, over 5,700 operating ambulatory surgical centers in the U.S. catered to 23 million surgical procedures and this number is poised to surge in the coming years. Rising surgical volume at these healthcare facilities to foster the use of surgical gloves.
Increasing hospitalizations and growing surgical volume in UK to propel the market revenue
UK surgical gloves market will capture USD 224 million by 2027 due to the rapidly aging population, rising hospitalizations, and increasing surgical volume in the country. According to the British Medical Journal article, in 2020, the total surgical procedures performed in England and Wales accounted for 3,102,674 procedures. The number of surgical procedures is further predicted to surge in the coming years with revamping of the pre-pandemic surgical volume and backlog of elective surgeries. The rising hospital visits and surgical procedures will surge the requirement for medical gloves, thereby driving the product demand. Moreover, expanding geriatric population that requires surgical interventions for management of chronic ailments is facilitative for the industry progression and proliferates the market potential.
Players are focusing on strategic initiatives and product launch to promote business operations
Some of the major companies operating in the surgical gloves market are Top Glove Corporation Berhad, Kossan Rubber Industries, Supermax Corporation Berhad, Cardinal Health, Semperit AG Holding, Hartalega Holdings AG, Medline Industries, Dynarex Corporation, and Ansell Limited. These leaders are engaged in adoption of strategic initiatives including collaborations, expansion of manufacturing capabilities and agreements to gain competitive edge over their competitors.
Explore More on Related Topics: