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Western European Disposable Gloves Market
Frost & Sullivan, Aug 2011, Pages: 146
Technological Advancements Drive Sales in the Western European Disposable Gloves Market
Indispensable Nature of Disposable Gloves in the Healthcare Industry Ensures Steady Market Growth
The Western European disposable gloves market is poised to grow at a compound annual growth rate of (CAGR) of 4.0 per cent from 2010 to 2017. The medical segment will remain the largest market sector during this period. Factors spearheading growth in this market include growing end-user awareness, standards and regulations and technological advancements in the materials used for gloves. The high growth areas in the non-medical segments are cleanroom and the food industry. High demand for powder-free and non-latex alternatives has driven growth in revenues. Although the healthcare industry was adversely affected during the economic crisis, the disposable medical gloves market did not suffer much. This can be attributed to the indispensable nature of disposable gloves in the healthcare industry. “The western European disposable gloves market is well established and has reached a stage of maturity,” notes the analyst of this research service. “It is primarily dependent on the recurring need for disposable gloves and compliance to safety standards.”
Natural rubber latex (NRL) disposable gloves continue to hold a dominant share of the disposable glove market. However, extreme volatility in prices of NRL and concerns of allergy and advancements in nitrile glove technology have encouraged the conversion of many users from NRL disposable gloves to nitrile disposable gloves. Innovation in the synthetic glove industry has resulted in gloves that feel as comfortable as latex. Concerns surrounding latex allergy remain a factor that drives the growth of synthetic gloves. There are also hectic R&D activities taking place in the development of new materials by combining polymers to improve acceptable quality level (AQL), comfort and durability. Suppliers of raw materials have been unable to commit to multi-month pricing to manufacturers and manufacturers, in turn, are unable to commit to the same to their customers. Due to these factors, market participants find it challenging to operate in this environment.
In an extremely price-sensitive market and in times of extreme budgetary pressures, disposable glove companies need to price their products competitively. “As the market is in the mature stage of product cycle, product differentiation is a crucial factor for success,” says the analyst. “Value-added services such as training and on-site support programs are crucial to win bulk orders from companies.” Interactive means of Internet marketing is vital as it will enhance product visibility. End users are becoming increasingly particular about being able to choose from a variety of products online.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Medical
- Non-medical
This Frost & Sullivan research service titled Western European Disposable Gloves Market provides an in-depth analysis of the market drivers and restraints, industry trends and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan’s expert analysts thoroughly examine the following segments: medical and non-medical.
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