Medical Gloves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Medical Gloves Market Analysis
The medical gloves market is expected to register a CAGR of 6.3% over the forecast period.
- Covid-19 significantly impacted the medical gloves market due to the extensive use of medical gloves during the pandemic to avoid infections. As a result, the supply of medical gloves was depleted, resulting in a rise in demand for medical gloves. According to the study published in Health Science Reports in March 2021, healthcare professionals were on the front lines of the COVID-19 pandemic and were more susceptible to infection than the general public.
- Face masks, gloves, and other components help to lessen that risk in healthcare workers. This might have further impacted the market growth during the pandemic. However, people have also worn gloves while engaging in routine tasks like going to the grocery store, a pharmacy, or riding public transportation. This has been reduced during the late pandemic, causing a slight decline in the market post-pandemic.
- The factors driving the medical gloves market are the rise in the number of hospital visits and surgeries and the increasing incidence of infections.
- The healthcare structure in developing countries is improving, and as a result, awareness regarding medical facilities is also increasing. This has resulted in an increasing number of hospital visits and surgeries. For instance, according to the National Center for Health Statistics, in October 2022, the percentage of adults who had a visit with a doctor or other healthcare professional in 2021 was 82.3%. Such a huge visiting percentage of patients in hospitals is anticipated to drive market growth due to the increased adoption of medical gloves during patient care in hospitals.
- The rising number of surgeries is also expected to drive market growth over the forecast period. For instance, according to Organisation for Economic Co-operation and Development (OECD) in January 2023, the number of surgeries performed in European countries such as Denmark, Ireland, and Portugal in 2021 were 49,308, 32,844, and 94,872, respectively. Such a huge number of surgeries in developed countries will drive market growth due to the increased adoption of medical gloves during surgeries.
- Furthermore, the rising initiatives from the key market players are expected to bolster market growth. For instance, in July 2021, Honeywell and Premier Inc entered a collaboration to expand the domestic production of nitrile exam gloves. This new collaboration is expected to produce at least 750 million domestically made nitrile exam gloves in the first year alone. Such initiatives will lead to driving market growth due to the rise in the adoption of nitrile exam gloves in healthcare settings.
- Therefore, the factors such as the rising number of surgeries and hospital visits, increased incidence of infections, and rising initiatives from the market players, among others, are expected to drive the market growth. However, the presence of counterfeit and sub-standard gloves in the market and the potential risk of contamination due to inappropriate disposal of gloves are the factors expected to hinder the market growth.
Medical Gloves Market Trends
Chemotherapy Segment is Expected to Show a Significant Growth Over the Forecast Period.
- Medical gloves are used significantly in chemotherapy to minimize the potential mutagenic, carcinogenic, and teratogenic effects and occupational exposure to chemotherapy drugs. Utilization of personnel protective devices, especially the use of protective medical gloves, is a mainstay to avoid skin contact. The choice of appropriate gloves is of outstanding importance. For optimal protection in the oncology setting, it is essential to establish general guidelines evaluating appropriate materials and defining quality standards.
- Moreover, the demand for chemotherapy is expected to increase in the future as well due to the rising incidence of cancer. According to the American Cancer Society, in 2022, the estimated number of new cancer cases diagnosed was 1.9 million. Such a high incidence of cancer cases in the United States is expected to propel market growth in this region due to the increased adoption of chemotherapy.
- Furthermore, the rising strategies of market players are expected to drive segment growth. For instance, in October 2022, ASAP Innovations launched its X-TRA Thick Black glove at the A + A Exhibition in Dusseldorf, Germany. The glove has been approved for use throughout the European Union and in the United Kingdom and offers the highest protection against exposure to many commonly used chemotherapy drugs. Such launches and exhibitions of gloves used in chemotherapy will lead to increased adoption due to rising awareness, driving the segment growth.
- With the increasing demand for chemotherapy, the demand for chemotherapy-grade gloves is also expected to increase. This is also expected to boost market growth.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
- The North American market holds significant growth due to the improved healthcare infrastructure, the strong foothold of key market players, rising hospitals, and rising initiatives from the market players, among others.
- As per the National Ambulatory Care Reporting System (NACRS) in Canada in December 2022, there were almost 14.0 million unscheduled emergency department visits reported in Canada from April 2021 to March 2022. Such huge emergency visits in Canada are expected to drive growth in the region due to the increased adoption of medical gloves in emergency departments.
- Rising initiatives from the key market players are expected to drive market growth in the region. For instance, in September 2021, American Nitrile was an advanced manufacturing facility dedicated to producing nitrile gloves for healthcare, government, and industrial use to help meet the surging demand for medical and non-medical latex-free nitrile gloves. Furthermore, in June 2021, Medical Glove Company in the United States signed a USD 63.6 million contract with the Department of Defense (DOD), on behalf of Health and Human Services (HHS), to expand the domestic industrial base for nitrile glove production in the United States. Such initiatives are anticipated to drive market growth over the forecast period.
- Increasing hospital visits are the rising initiatives from the market players expected to increase the demand for medical gloves, which will boost the market growth in the region.
Medical Gloves Industry Overview
The medical gloves market is highly competitive due to the presence of a large number of local and global players. The factors owing to the competition include the rising initiatives from the key market players, such as launches, exhibitions, and expansions. Some of the players operating in the market are Top Glove Corporation Bhd, 3M Company, Ansell Limited, Mckesson Corporation, Cardinal Health Inc, and B. Braun SE.
Medical Gloves Market Leaders
Top Glove Corporation Bhd
3M Company
Mckesson Corporation
Cardinal Health, Inc.
B. Braun SE
*Disclaimer: Major Players sorted in no particular order
Medical Gloves Market News
- January 2023: The Medicom group announced that it had planned to build a nitrile glove factory called ManiKHeir, via its subsidiary Kolmi-Hopen which specializes in the manufacture of single-use medical devices
- November 2022: Vizient Inc entered an agreement with SafeSource Direct for the manufacture of chemo-rated nitrile gloves. The agreement is the action by Vizient to increase supply assurance of critical medical supplies.
Medical Gloves Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Number of Hospital Visits and Surgeries
4.2.2 Increasing Incidence of Infections
4.3 Market Restraints
4.3.1 Presence of Counterfeit and Sub-standard Gloves in the market
4.3.2 Potential Risk of Contamination due to Inappropriate Disposal of Gloves
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Powdered
5.1.2 Non-Powdered
5.2 By Material
5.2.1 Natural Rubber Gloves
5.2.2 Nitrile Gloves
5.2.3 Vinyl Gloves
5.2.4 Other Materials
5.3 By Application
5.3.1 Medical Examination
5.3.2 Surgery
5.3.3 Chemotherapy
5.3.4 Other Applications
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East & Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East & Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Ansell Limited
6.1.3 B. Braun Melsungen AG
6.1.4 Cardinal Health, Inc.
6.1.5 Dynarex Corporation
6.1.6 Hartalega Holdings Berhad
6.1.7 Mckesson Corporation
6.1.8 Medline Industries Inc
6.1.9 Semperit AG Holding
6.1.10 Top Glove Corporation Bhd
6.1.11 American Nitrile
6.1.12 Honeywell International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Gloves Industry Segmentation
As per the scope of the report, medical gloves are disposable gloves used during medical examinations and procedures to help prevent cross-contamination between caregivers and patients.
The medical gloves market is segmented by type (powdered and non-powdered), material (natural rubber gloves, nitrile gloves, vinyl gloves, others), application (medical examination, surgery, chemotherapy, others), and geography(North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
The report offers the value (in USD million) for the above segments.
| By Type | |
| Powdered | |
| Non-Powdered |
| By Material | |
| Natural Rubber Gloves | |
| Nitrile Gloves | |
| Vinyl Gloves | |
| Other Materials |
| By Application | |
| Medical Examination | |
| Surgery | |
| Chemotherapy | |
| Other Applications |
| Geography | ||||||||
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Medical Gloves Market Research FAQs
What is the current Medical Gloves Market size?
The Medical Gloves Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Medical Gloves Market?
Top Glove Corporation Bhd, 3M Company, Mckesson Corporation, Cardinal Health, Inc. and B. Braun SE are the major companies operating in the Medical Gloves Market.
Which is the fastest growing region in Medical Gloves Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Gloves Market?
In 2024, the North America accounts for the largest market share in Medical Gloves Market.
What years does this Medical Gloves Market cover?
The report covers the Medical Gloves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Gloves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Disposable Medical Gloves Industry Report
Statistics for the 2023 Disposable Medical Gloves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Disposable Medical Gloves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
