Medical Gloves Market Size

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.