Growth in healthcare expenditures, rising incidence of infectious diseases, growing awareness about sanitation and safety at healthcare facilities are some of the key factors boosting the adoption of disposable medical gloves. The increasing complexity volume of surgical procedures performed and stringent regulations regarding the usage of medical gloves are also propelling the growth of this market.
The Global disposable medical gloves market is estimated to be valued at US$ 8.51 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the disposable medical gloves are Cardinal Health, Inc., Adventa Berhad, Ansell Ltd., Dynarex Corporation, Hartalega Holdings Berhad, Supermax Corporation Berhad, Semperit AG Holding, Top Glove Corporation BHD, Rubberex Corporation (M) Berhad, and Kossan Rubber Industries BHD, among others.
Key opportunities in the market include growing demand from emerging markets, rising demand for non-powdered examination gloves along with increasing focus of players on sustainability eco-friendly products. With growing focus on quality and safety, manufacturers are investing in RD initiatives to develop biodegradable, zero chemical gloves made from natural rubber latex.
Technological advancements such as integration of sensors in gloves for monitoring parameters like pulse, body temperature etc. are expected to bring new growth opportunities for players. Advancements in materials and production processes are also leading to enhanced strength, durability, and tactile sensitivity of gloves.
Market drivers
The increasing focus on containment of healthcare-associated infections is a major market driver. Use of medical gloves provides an effective physical barrier between healthcare personnel and contaminated body fluids or infectious materials. Stringent regulatory guidelines regarding infection control across regions is compelling healthcare facilities to invest more in preventive measures like medical gloves usage. Rising healthcare spending coupled with increasing volume of surgical procedures worldwide will continue to augment the demand for disposable medical gloves over the forecast period.
Current Challenges in Disposable Medical Gloves Market
The Disposable Medical Gloves Market Size faces challenges such as price wars between manufacturers, fluctuations in raw material prices, and shortage of nitrile gloves due to the COVID-19 pandemic. Manufacturers are engaged in intense price competition to increase their market share, which has led to decreasing profit margins. Raw material costs, primarily natural rubber and polyisoprene, witness fluctuations depending on seasonal supply changes. The surge in demand for nitrile gloves during the COVID-19 pandemic has created shortages. Manufacturers are struggling to ramp up production capacities to meet the exponential rise in demand.
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