Market Trends of Disposable Medical Gloves Industry
The Disposable Surgical Medical Gloves Segment is Expected to Hold a Significant Share in the Disposable Medical Gloves Market Over The Forecast Period
- Disposable surgical medical gloves are a significant fraction used in hospitals and healthcare facilities. Surgical gloves are made of polyisoprene, polychloroprene, and polyvinyl chloride and are explicitly designed for the accuracy and sensitivity required by surgeons. These are sterile gloves that are discarded after the completion of surgery. The segment is expected to register growth owing to the rising burden of surgical procedures worldwide and advancements in surgical gloves.
- The high burden of plastic surgery and cardiovascular surgeries is propelling the segment's growth. For instance, as per 2021 Aesthetic Plastic Surgery Statistics, a total of 15,63,537 surgical procedures were conducted, including breast augmentation and mastopexy, in the United States in 2021. These procedures require disposable surgical gloves, which are expected to propel the segment growth during the forecast period.
- In addition, according to the Organization for Economic Co-operation and Development (OECD) data updated in August 2022, the number of surgeries performed in some European countries such as Portugal, Denmark, Ireland, and Norway in 2021 includes 94.87, 49.33, 32.84, 21.5 (in thousand). Such a huge number of surgeries in developed European countries will lead to increased adoption of disposable surgical gloves during the surgeries.
- Furthermore, a study published in the Plastic and Reconstructive Surgery Open Journal in 2022 stated that a significant portion of surgical glove users would prefer gloves with adjustable finger lengths as current surgical gloves do not support hand anatomy variations. A survey of 6810 plastic surgery glove users was conducted that showed that 44.76% would prefer such gloves if available. Such studies create an opportunity for fulfilling the unmet needs, which are further expected to propel the segment during the forecast period.
- Additionally, the advancements in products and increasing product launches, along with partnerships and acquisitions by market players, are helping in the segment's growth. For instance, in August 2022, Mölnlycke invested USD 51.3 million (EUR 50 million) in a new plant in Kulim, Malaysia, to meet future demand for high-quality surgical gloves. The new plant was expected to initiate production in September 2022.
- Therefore, owing to the aforementioned factors, such as the high demand for surgical disposable gloves during plastic surgery and other surgeries, along with investment by market players to expedite surgical gloves production is expected to propel the segment growth during the forecast period.
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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
- North America is anticipated to hold a significant share of the disposable medical gloves market over the forecast period owing to the high burden of surgical procedures and hospital admissions, stringent government regulations, and a strong presence of market players in the region.
- The large number of surgeries performed in the region is associated with a high demand for disposable medical gloves in the region. For instance, as per the International Society of Aesthetic Platic Surgery (ISAPS) 2021 report, 7.34 million aesthetic procedures, including surgical and non-surgical treatment, were performed in the United States. Such procedures boost the utility of disposable medical gloves during the treatment to avoid direct contact with the patient's skin and bacterial infection, thereby accelerating market growth.
- In addition, the strategic initiatives that market players adopt, such as product launches, expanding manufacturing facilities, and partnerships, contribute to the region's market growth. For instance, in September 2021, American Nitrile, Ohio-based company, started one of the most advanced U.S. manufacturing facilities to produce nitrile gloves for healthcare, government, and industrial use to meet the surging demand for medical and non-medical latex-free nitrile gloves.
- Furthermore, in March 2022, American Nitrile, LLC entered a strategic partnership with Orion Infrastructure Capital to complete the development of its manufacturing facility in Grove City, OH. OIC provided USD 105 million to support the completion of twelve production lines with an aggregate capacity of 3.6 billion nitrile gloves per year. Such initiatives to expand the gloves manufacturing facility to augment the disposable gloves production are expected to propel the market growth in the region.
- Therefore, owing to the above-mentioned factors, such as high surgical procedures in the region and rising demand for disposable medical gloves in the region, the growth of the studied market is anticipated in the North American region.
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