Latex Medical Gloves Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Latex Medical Gloves Market is segmented by Product Type (Sterile Gloves and Non-sterile Gloves), Applications (Examination Gloves and Surgical Gloves), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (USD million) for the above segments.

Market Snapshot

Latex Medical Gloves Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.1 %

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Market Overview

The latex medical gloves market is anticipated to witness a CAGR of nearly 5.1% during the forecast period (2022 - 2027).

The COVID-19 pandemic had a negative impact on the global economy and healthcare system. The pharmaceutical, medical device, and biotech product supply chains have all been impacted by the worldwide lockdown. On the other side, emphasis has been placed on research and development. The development of COVID-19 diagnostics and treatment options has the support of all governmental organizations and healthcare stakeholders. As hospital-acquired infections have been a recurrent feature of novel coronavirus outbreaks and can be transferred through medical gloves, the prevention of hospital-acquired infections is a crucial component of the clinical care of COVID-19. According to the study “Hospital-acquired SARS-CoV-2 infection in the UK's first COVID-19 pandemic wave,” published in August 2021, 11.3% of patients with COVID-19 in 314 United kingdom hospitals became infected after hospital admission. This rate increased to 15.8% in May 2020. Thus, the outbreak has impacted the healthcare facilities in managing hospital-acquired infections. Also, according to the article "FDA Permanently Exempts Seven Class I Gloves from 510(k) Premarket Notification Process," published in January 2021, the Department of Health and Human Services (HHS) made the Food and Drug Administration’s (FDA) temporary exemption from the 510(k) premarket notification process permanent for seven class I medical devices which include latex patient examination gloves. A study titled "Hospital-acquired SARS-CoV-2 infection in the UK's first COVID-19 pandemic wave," released in August 2021, found that 11.3 percent of COVID-19 patients in 314 United Kingdom hospitals contracted the virus after being admitted to the hospital. In May 2020, this percentage rose to 15.8%. As a result, the outbreak has affected how healthcare facilities handle infections picked up in hospitals. In addition, the Department of Health and Human Services (HHS) made the Food and Drug Administration's (FDA) temporary exemption from the 510(k) premarket notification process permanent for seven class I medical devices, including latex patient examination gloves, according to the article "FDA Permanently Exempts Seven Class I Gloves from 510(k) Premarket Notification Process," published in January 2021. This was done to address the unmet demand for medical gloves during the peak of COVID-19, driving the market.

The primary driver of this market's expansion is the rise in infectious disease instances, which is also being accompanied by an increase in surgical procedures. The risk of spreading germs and blood-borne infections is another factor that is anticipated to increase the need for latex medical gloves in healthcare facilities. For instance, according to 2020 article from healthypeople.gov, in the United States, one in every twenty-five hospitalised patients has a hospital-acquired illness (HAI). As a result, the high incidence rate of HAIs in the United States will focus the attention of healthcare facility management and governments on maintaining facility hygiene and taking preventive measures for the same, resulting in profitable market expansion. Due to seasonal factors including the frequency of viral outbreaks and infectious disorders, the market has seen a large increase in demand from the healthcare sector. The demand for latex medical gloves in the healthcare sector has been greatly influenced by growing knowledge of the health and safety precautions related to patient care and emergency response occurrences. Medical examinations with latex gloves assist prevent cross-contamination between patients and doctors. Growth in the market will also be fueled by increased investments in the manufacture of latex gloves. For instance, Sri Trang Gloves (Thailand) Public Co. Ltd. received an investment of EUR 600 million through an initial public offering (IPO) in February 2021. This money will be used to increase the annual production capacity of latex and nitrile examination and industrial gloves by 50 billion pieces by 2022 and 80 billion pieces by 2024. Key market participants' recent actions are anticipated to accelerate market expansion. As a result, it is anticipated that during the research period, the aforementioned elements will see significant growth.

However, risks associated with latex gloves are the major challenge faced by the manufacturers. Some polymers are one of the leading causes of irritation for some physicians and may hamper business growth in the future.

Scope of the Report

As per the report's scope, latex is a natural material extracted from flowering plants. It can also be artificially manufactured by polymerizing a monomer, such as styrene emulsified by surfactants. It is utilized to manufacture latex gloves for surgical and physical examination purposes. Latex gloves are widely used in healthcare practices and are popular among medical professionals. Latex gloves are biodegradable and provide a high level of touch sensitivity and high elasticity. The Latex Medical Gloves Market is segmented by Product Type (Sterile Gloves and Non-sterile Gloves), Applications (Examination Gloves and Surgical Gloves), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD million) for the above segments.

By Product Type
Sterile Gloves
Non-sterile Gloves
By Applications
Examination Gloves
Surgical Gloves
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Surgical Gloves Segment Dominates the Market and is Expected to Continue the Same during the Forecast Period

The surgical glove sector will dominate the latex medical glove market during the forecast period. An increasing number of surgical operations using latex gloves are a high-impact rendering driver. In March 2020, according to the "FDA Eases Regulatory Requirements on Surgical Gowns, Gloves" article by the Regulatory Affairs Professionals Society, the Food and Drug Administration (FDA) will improve the availability of gloves and will not object to their usage and distribution. The FDA regulates surgeon's gloves (i.e., gloves worn on the hands of operating room staff to protect a surgical wound from contamination) and non-powdered patient examination gloves (i.e., gloves worn on the examiner's hand or finger to prevent contamination between patient and examiner) as Class I (reserved) devices, subject to premarket notification requirements under 510(k) of the FDCA. To prevent unnecessary hazards to health, the FDA will, however, permit the distribution of these gloves if they contain the proper warnings and meet the following requirements, as stated in its Enforcement Policy. The market is driven by the growing number of surgeries, which increases the demand for surgical gloves. Additionally, the growing elderly population will increase surgical treatments, fueling market expansion. Around 727 million individuals worldwide are 65 or older, according to the United Nations World Ageing 2020 report. In 2050, this figure is anticipated to increase to 1.5 billion. Dental, veterinary, EMS, and aesthetic uses are included in the surgical application category. Increased consumer health awareness, environmental sustainability, and greater physician protection have taken centre stage in this market segment, which is projected to fuel demand.

trend 1

The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

The primary driving factors for the growth of the North American latex medical gloves market are the increased importance of health and safety measures, a rise in the number of surgeries, and an increasing burden of infections such as hospital-acquired infections in the region. In addition, strategic initiatives by key market players such as establishing the new manufacturing facility, partnerships, and others are also expected to contribute to market growth. During the research period, it is anticipated that the United States will hold a significant share of the market in North America. For instance, one in 31 patients in the United States contracts at least one infection as a result of receiving hospital care every day, according to the "2020 HAI Progress Report Executive Summary" report released by the Centers for Disease Control and Prevention, underscoring the demand for improvements in patient care procedures in the nation's healthcare facilities. As a result, the market is brought about by the government's increased demand for maintaining adequate cleanliness, which involves the use of new medical gloves. Additionally, in September 2020, Mr. Tanatdaj Sillapavitsawakul and Mr. Rujipart Tanapattarachaitat founded QB Medical to sell several kinds of gloves to the market for a variety of uses. They discovered a massive project to build a production facility to manufacture nitrile and latex gloves under the trade name BQLOVE, costing 8,000 million baht. According to the American Society of Plastic Surgeons' National Plastic Surgery Statistics 2020, 2,314720 cosmetic surgical procedures were carried out in the country in 2020. Additionally, there were 6,878,486 reconstructive surgeries completed in the United States in 2020. During surgery, latex medical gloves are essential. Therefore, the studied market is expected to witness significant growth in the coming years.

Thus, the studied market is expected to witness significant growth in the region due to the abovementioned factors.

ttrend 1

Competitive Landscape

The market for latex medical gloves is highly competitive and consists of several global as well as local players. The companies are involved in new product development initiatives, mergers and acquisitions, and geographical expansion. The competitive environment is marked by key players extensively deploying sustainability strategies. Some of the most notable companies are Ansel Ltd, Cardinal Health, McKesson Medical-Surgical Inc., and Valutek Inc.

Recent Development

  • In April 2022, the US Food and Drug Administration granted 510(k) clearance to Showa Group for its biodegradable, single-use nitrile medical gloves. Nitrile butadiene latex is used to make these gloves.
  • In April 2022, the production of surgical latex gloves in Kyrgyzstan began in collaboration with the Agency for Development of Pharmaceutical Industry under the Ministry of Health of Uzbekistan and Ayu Pharm LLC.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Importance of Healthy and Safety Measures

      2. 4.2.2 Growing Prevalance of Infections During Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Higher Raw Material Cost

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Product Type

      1. 5.1.1 Sterile Gloves

      2. 5.1.2 Non-sterile Gloves

    2. 5.2 By Applications

      1. 5.2.1 Examination Gloves

      2. 5.2.2 Surgical Gloves

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ansell Ltd

      2. 6.1.2 Cardinal Health

      3. 6.1.3 Clean Q Grip

      4. 6.1.4 Hartalega Holdings Berhad

      5. 6.1.5 Kossan Rubber Industries Bhd

      6. 6.1.6 McKesson Medical-Surgical Inc.

      7. 6.1.7 Rubberex

      8. 6.1.8 SHIELD Scientific

      9. 6.1.9 Sunflower Ave

      10. 6.1.10 Supermax Corporation Berhad

      11. 6.1.11 Top Glove Corporation Bhd

      12. 6.1.12 Valutek Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Latex Medical Gloves Market market is studied from 2019 - 2027.

The Global Latex Medical Gloves Market is growing at a CAGR of 5.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

ANSELL LTD , Cardinal Health , McKesson Medical-Surgical Inc. , Valutek Inc, SHIELD Scientific are the major companies operating in Global Latex Medical Gloves Market.

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