DUBLIN--(BUSINESS WIRE)--The "Medical Gloves Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The medical gloves market is expected to grow at a CAGR of over 15% during the period 2019-2025.
The global medical gloves market is growing at a healthy rate. The growth can be attributed to the growing demand for safety and hygiene standards to prevent the risk of contamination and infections in healthcare settings during medical and treatment measures. The growth in surgical procedures for several diseases and potential risk reduction for surgical site infection (SSI) is likely to fuel the market growth.
Health care professionals will continue to demand the latest medical gloves to treat acute and chronic diseases, which will promote safe and effective treatment outcomes. The emergence of new pandemic challenges such as COVID-19 will drive the future growth of the market. A strong preference for non-powdered medical gloves is also likely to drive future market growth.
The following factors are likely to contribute to the growth of the medical gloves market during the forecast period:
- Emergence of New Pandemic Challenge
- Progressive Emphasis on Stringent Health Regulations across Regions
- Increased Focus on Safety and Hygiene Standards
- Growth in Surgical Procedures
The study considers the present scenario of the medical gloves market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market. The research report covers the market in terms of revenue and volume forecast.
Key Questions Answered
- What is the market size of the medical gloves market?
- What are the factors impacting the growth of the disposable gloves market?
- What are the drivers, trends, and restraints in the market?
- Who are the leading vendors in the surgical gloves market and what are their market shares?
What is the impact of the COVID-19 pandemic on the surgical gloves market?
The North American market is expected to grow at a CAGR of over 15% during the period 2019-2025. The region is characterized by high penetration of advanced treatment solutions for chronic and acute diseases, advancements in material such as latex-free non-allergic gloves. With the favorable government financial support for several surgical procedures results in the higher uptake of surgeries as well as surgical gloves.
North America offers tremendous growth opportunities; therefore, the market is expected to continue to grow during the upcoming period. The US is the major revenue contributor to the global market. The country holds the highest value due to better healthcare facilities and medical coverage and spending. The US medical gloves market is growing at a significant rate and is likely to grow during the forecast period.
The global medical gloves market share is very fragmented and is highly competitive, and dynamic characterized by the presence of many global, regional, and local vendors. The vendors are offering a diverse range of medical gloves for both examination and surgical applications. Large and diversified companies accounts for major shares. Also, most key players - Top Glove, Ansell, Kossan Rubber Industries, Hartalega Holdings, Supermax - have demonstrated consistent growth over the last few years.
Opportunities & Trends
- Emergence Of New Pandemic Challenge
- Growing Demand For Non-Powdered Medical Gloves
Emphasis On Stringent Health Regulations Across Regions
- Rising Incidence Of Acute And Chronic Diseases Globally
- Growing Number Of Surgical Procedures
- Increasing Focus On Safety And Hygiene Standards
Surge In Use Of Double Gloving
- Threat From Counterfeit Medical Gloves
- Risks & Complications Associated With Medical Gloves
- Intense Competition Coupled With Pricing Pressure
Escalating Risk Of Reuse Of Medical Gloves In LMICS
Key Company Profiles
- Top Glove
- Kossan Rubber Industries
- Hartalega Holdings
- Cardinal Health
B. Braun Melsungen
For more information about this report visit https://www.researchandmarkets.com/r/59qvrv