DUBLIN--(BUSINESS WIRE)--The "Global Medical Glove Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global medical gloves market is estimated to grow at a CAGR of 7.24% from a market size of USD7,435.65 million in 2019 to a market size of USD13,053.249 million by 2025.
Medical Gloves are utilized as a routine measure in a healthcare environment for infection prevention and prevention against disease transmission at the time of testing, examination, or performing a medical procedure. The growing need for gloves for prevention against germ transmission is the major factor driving the market growth in the forecast period. The prevalence of infectious diseases is further driving the market growth over the forecast period. As per the WHO Glove Use Information Leaflet, the medical gloves are defined as disposable gloves used during medical procedures.
The organization has segregated the medical gloves into three categories as examination gloves, surgical gloves, and chemotherapy gloves. Furthermore, the significant measures taken in order to prevent hospital-associated infections are surging the market demand in the forecast period.
- Ansell group of companies
- Cardinal Health
- Medline Industries, Inc.
- Dynarex Corporation
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- B. Braun Melsungen AG
- Kossan Rubber Industries Bhd
On the basis of product type, the market is categorized into examination gloves and surgical gloves.
Examination gloves are utilized for the purpose of clinical and general patient examination. These are predicted to hold a significant market share in the product type category. Hence, with the growing number of diseases worldwide, the market for examination gloves hold strong chances of proliferation in the forecast period. Also, with the new coronavirus outbreak in almost every part of the world, originated from Wuhan, China, suspected individuals with significant symptoms require to undergo testing for the novel coronavirus infection, hence, this is creating a huge market opportunity for the sale of medical gloves, further fueling the market growth.
However, with the surging demand for personal protective equipment (PPE) due to the COVID-19 outbreak, there are concerns regarding the insufficient supply of gloves, hence, the rational use of PPE is recommended by the WHO in the healthcare and community setting and during the handling of cargo. Furthermore, with the increasing trend of early diagnosis and detection of diseases, the market for examination gloves will grow at a significant pace over the next five years. Additionally, with the prevalence of routine diagnostic tests, the market is poised to hold a steady share during the forecast period.
The growing number of surgeries are propelling the market demand in the forecast period.
The growing number of chronic diseases such as cardiovascular diseases among other diseases has given rise to the surgical procedures as well, hence, providing an opportunity for the market to thrive in the forecast period. Additionally, with the growing adoption of minimally-invasive surgical procedures, the market for medical gloves is projected to fuel in the forecast period. The growing research and innovation in utilizing robotics for performing various surgeries are further propelling the market demand over the next five years.
The growing geriatric population will augment the market demand in the forecast period.
The growing geriatric population worldwide is predicted to drive the market demand for medical gloves in the forecast period. This is due to the improvement in the healthcare facilities for the aging population and the utilization of these facilities in the treatment of various age-associated diseases. Hence, this is providing strong growth prospects for the market to proliferate in the forecast period. The growing trend of home healthcare facilities will further provide an opportunity for the market to grow at a significant pace in the forecast period. It is estimated that the population in the United States is projected to surge from 7.9% in 2010 to 17% in 2020 (source: US Census Bureau).
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Medical Gloves Market Analysis, by Product Type
5.2. Examination Gloves
5.3. Surgical Gloves
6. Medical Gloves Market Analysis, by Material
6.2. Latex Natural Rubber
7. Medical Gloves Market Analysis, by End-User
7.2. Hospitals & Clinics
7.3. Ambulatory Surgery Centers
7.4. Life Sciences & Biomedical Research Laboratory
8. Medical Gloves Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/44a6v