Market Size of Surgical Gloves Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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?
Surgical Gloves Market Analysis
The surgical gloves market is expected to register a CAGR of around 10.5% over the forecast period.
The COVID-19 pandemic has led to disruptions in the supply chains, resulting in a hike in gloves prices. For instance, as per the report updated by the International Finance Corporation, a World Bank Group in March 2021, during the initial phase of the pandemic, the demand for surgical gloves in Latin America increased by approximately 250% in the first quarter of the pandemic leading to a surge in the prices of gloves in the region by 50%. However, owing to the decline in COVID-19 cases and the resumption of the supply chain, the surgical gloves market is expected to have stable growth in the post-pandemic period.
Factors such as the growing burden of hospital-acquired infections and increasing surgical procedures are expected to increase the demand for surgical gloves, thereby driving market growth. Healthcare professionals, particularly during surgical procedures, rely heavily on protective measures, including surgical gloves, to mitigate the risk of infection transmission. For instance, according to the report published by the Ministry of Health & Family Welfare in 2021-2022 up to September 2021, about 0.83 million people visited OPDs, and around 33,830 surgeries were performed in Safdarjung Hospital, India. Similarly, according to an article published by WHO in May 2022, 7 patients in high-income countries and 15 in low- and middle-income countries out of every 100 patients in acute care hospitals contracted at least one healthcare-associated infection (HAI) while hospitalised. Thus, due to the significant burden of hospital-acquired infections and the high frequency of surgical procedures, the demand for surgical gloves has increased, leading to market growth over the forecast.
Furthermore, the government took various initiatives and key market players, such as product launches, mergers, acquisitions, and partnerships, to increase the product footprint. Hence, the market is expected to grow during the forecast period. For instance, in April 2022, Showa Group on earth day reported the FDA 510(k) medical approval for biodegradable, single-use nitrile gloves, Showa M7005PFA gloves for medical usage, worn on the surgeon's hands to prevent contamination.
Hence, the surgical gloves market is anticipated to grow over the forecast period due to factors such as the growing burden of hospital-acquired infections and the high number of surgical procedures. However, lack of awareness regarding hospital-acquired infections and hygiene standards are some factors hindering the market's growth.
