Market Trends of Latex Medical Gloves Industry
Surgical Gloves Segment is Expected to Witness Significant Growth Over the Forecast Period
The surgical gloves segment is anticipated to witness significant growth in the latex medical gloves market over the forecast period owing to factors such as the increasing number of surgical procedures and growing company activities.
The demand for surgical gloves has increased due to the growing number of surgeries in hospitals and clinics. For instance, as per the data published by OECD, in June 2022, about 93,857 cataract surgeries were recorded in Portugal in 2021, followed by 49,308 in Denmark and 32,844 in Ireland. Additionally, from an article published in the Journal of Orthopaedic Science in September 2021, it is anticipated that males between the ages of 40 and 64 will undergo around 4052 knee arthroplasties by 2030 in Japan. Also, as per the same source, by 2030, men between the ages of 65 and 74 and men over 75 would undergo 6942 and 14,986 knee arthroplasty procedures in Japan. Also, as per the data published by the International Society of Aesthetic Plastic Surgery 2021 report, about 12 million aesthetic surgical procedures were performed in 2021 globally, compared to 10 million in 2020. Thus, the expected increase in the number of surgeries among the population increases the demand for surgical gloves to decrease the risk of periprosthetic infections, propelling segment growth.
Furthermore, the increasing focus of the companies to establish production facility to increase the production of latex gloves are also expected to fuel the market growth. For instance, in October 2022, MI Americas launched a latex glove production plant in Alabama. The new plant helps the company to increase its gloves production. The company currently produces over 9 million latex gloves a month with one machine.
Therefore, owing to the factors above, such as the high number of surgical procedures performed in hospitals, clinics, and surgical centers, and the growing company activities, the studied segment is expected to grow over the forecast period.
North America is Expected to Have the Significant Market Share Over the Forecast Period
North America is expected to witness significant growth due to rising hospital-acquired infections, high patient admission rates, and a rise in the number of surgeries.
The increasing prevalence of healthcare-associated infections is the key factor driving the market growth. For instance, according to an article published in Urogenital Infections and Inflammation in August 2021, urinary tract infections (UTIs) are a major cause of nosocomial infections worldwide. They are thought to be responsible for 30% of hospital-acquired infections in acute care settings in the United States.
In addition, the rising number of multi-specialty surgical centers in the region raises the demand for latex medical gloves, bolstering the market growth. For instance, In December 2021, HCA Healthcare opened a new multispecialty ambulatory surgery center with 18 physician partners in Nashville. The hospital offers services in orthopaedic surgery, sports medicine, spine, total joint replacement, general surgery, gynecologic surgery, podiatric surgery, and gastroenterology.
Furthermore, the advantages offered by latex gloves include providing excellent protection against a variety of hazards such as chemical and biological hazards as well as abrasive or tearing hazards, showing more strength and defence against tears and punctures, providing wearers with a tighter fit and more stretch, making them more comfortable for prolonged usage and enhancing dexterity, over vinyl gloves. Thus, such advantages make it a preferred choice over other gloves, contributing to market growth.
Therefore, the studied market is expected to grow over the forecast period due to the above factors, such as the high number of surgical procedures, the launch of new surgical centers, and the advantages of latex gloves over others.
