Market Trends of Surgical Gloves Industry
Disposable Surgical Gloves Segment is Expected to Exhibit a Significant Market Growth Over the Forecast Period
Disposable gloves are single-use protective hand coverings that are discarded after each use. Their primary function is to prevent the transmission of germs and infections to healthcare professionals, particularly surgeons. Through their prompt disposal, disposable gloves effectively mitigate the transfer of microorganisms and potentially infectious substances, safeguarding against potential health hazards. The disposable surgical gloves segment is expected to show significant growth in the surgical gloves market owing to the high demand for disposable surgical gloves over reusable gloves due to the disposability feature of these gloves, which guarantees a superior standard of hygiene and significantly diminishes the likelihood of cross-contamination among patients. For instance, according to an article published by Sterimax Global in April 2022, nitrile gloves are the most widely used disposable gloves, suitable for medical applications. However, reusable nitrile gloves must be sufficiently thick and undamaged, which is hard to maintain. Thus, due to the advantage of disposable gloves over reusable gloves, there will be significant growth in the segmental market.
Additionally, an increase in hospital-acquired infection is expected to drive segmental growth. For instance, according to an article published by the National Library of Medicine in February 2023, the prevalence of hospital-acquired infections in Southeast Asia was 21.6 %. Indonesia had the highest prevalence rate of 30.4%, whereas Singapore had the lowest prevalence rate of 8.4%. Thus, with the high prevalence of infections in hospitals, the demand for disposable surgical gloves for patients and healthcare provider safety is expected to increase, leading to market growth.
Furthermore, the strategic initiatives taken by the government and market players are also propelling the market's growth. For instance, in May 2021, the Department of Defense (DOD), on behalf of and in coordination with the Department of Health and Human Services (HHS), awarded a USD 63.6 million contract to US Medical Glove Company, LLC. to increase domestic production capacity of disposable nitrile gloves in the United States.
Thus, because of the factors such as the high demand for disposable surgical gloves and the increasing number of infections in hospitals, the disposable surgical gloves segment is expected to grow over the forecast period.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is expected to dominate the surgical gloves market due to a growing number of hospital admissions, many surgical procedures, and strict regulatory guidelines. For instance, an article by the National Library of Medicine published in January 2023 reported more than three million surgical cases annually in the United States. Additionally, according to the America Hospital Association report of 2023, total admissions in all United States Hospitals were approximately 34.01 million, comprising 32 million in community hospitals. Thus, with an increase in hospital admissions and surgical procedure, the demand for surgical gloves increase, leading to market growth in the region.
Furthermore, an increase in surgery cases in Canada will likely bolster the surgical gloves market over the forecast period. For instance, according to the Hub press release in December 2022, the government pushed more than 200,000 surgeries and procedures in 2022-23 with incentives to hospitals. Also, according to the report published by the National Institute of Statistics and Geography Health Statistics in 2021, around 313,104 cesarean sections were performed in private health establishments, corresponding to 24% of surgical medical procedures in 2021 in Mexico. Hence, many surgical procedures lead to the need for aftercare and rest, driving Canada's surgical gloves market growth.
Furthermore, competitors, product launches, strategic alliances such as partnerships, collaboration, mergers, and high regional healthcare expenditure promote market growth. For instance, in February 2021, Texas Medical Technology, a supplier and distributor of medical equipment, reported a partnership with My Protect Kit, LLC, which is a provider of premium personal protective equipment (PPE) kits, so that it can manufacture surgical glove within the 'My Protect Kit'. Through the partnership, Texas Medical Technology leveraged its production infrastructure to supply and manufacture the items that make up My Protect Kit. Thus, such an initiative is expected to drive market growth in the region.
Hence, the market is expected to witness significant growth over the forecast period due to factors such as a growing number of hospital admissions and a high number of surgical procedures.
