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Medical Gloves Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 160 Pages
  • January 2023
  • Region: Global
  • Renub Research
  • ID: 5715827

Worldwide Medical Gloves Market size was US$ 13.35 Billion in 2022

Medical Gloves Market will reach US$ 19.30 Billion by the end of year 2027 according to the publisher. Medical gloves are disposable and reusable gloves used during medical surgeries and examinations and preferably help to prevent the spread of illness or infections. Medical Gloves are made from various raw materials, including latex, nitrile rubber, vinyl rubber, neoprene, and others. These raw materials are available in the powdered or non-powdered form, and healthcare professionals use gloves during surgical examinations, the commission of a crime, and others.

The demand for medical gloves has increased due to the continuously rising number of surgeries, major chronic diseases, improved healthcare systems, and the essential nature of surgical gloves are some of the primary growth drivers for the market. According to our research report, Worldwide Medical Gloves Market is expected to grow with a double digit CAGR of 7.65% from 2022 to 2027.

Worldwide Medical Gloves Market size was US$ 13.35 Billion in 2022

The rising contagious diseases are increasing the demand for medical gloves worldwide. Furthermore, the healthcare industry in major developing countries is expected to witness prime growth owing to several factors, including growing investments in public and private sectors, a rising geriatric population, an increasing population, and a high influx of migrants.

However, hazardous responses induced by gloves and high price rivalry from local manufacturers are expected to boost the medical gloves market's expansion. For example, accelerators and other chemicals used in producing latex and non-latex gloves can induce allergic responses such as irritating contact dermatitis. Conversely, introducing disposable gloves into undeveloped nations creates significant business potential.

Enhanced resistance of nitrile gloves toward chemicals compared to vinyl and latex gloves is expected to drive market growth

Based on raw material, the Nitrile gloves dominate the market share during the forecast period due to rising use by healthcare professionals. The raw material market was segmented into latex gloves, Nitrile gloves, vinyl gloves, and Neoprene gloves. In addition, Nitrile gloves offer benefits such as long shelf life, less friction, and puncture resistance than latex gloves. Furthermore, rising awareness regarding latex allergies is anticipated to drive the demand for these products during the projection period.

Non- Sterile Gloves Industry will grow more

Based on Sterility, the Global Medical Glove market was categorized into two types’ sterile gloves and Non Sterile gloves. Non- Sterile gloves will grow more during the forecast period due to rapid use in hospitals and clinics and have minimal risk of infections, and can be used multiple times as compared to sterile gloves.

Non Powdered Gloves will be used more in the upcoming years

Based on form, Non-Powdered holds the most significant market revenue due to an increasing preference for powder-free gloves for several surgical and non-surgical procedures. These gloves do not contain starch powder as they are associated with several allergies and side effects when used for a prolonged duration and may result in a hazardous medical situation.

Surgical Gloves will hold more Market Share

Based on application type, the Global Medical Glove Market was categorized into two types: examination and surgical gloves, surgical gloves hold the larger market share. The surgical Gloves market is growing owing to rising awareness of hygiene among healthcare professionals and a growing number of hospital admissions. Surgical gloves worn by surgeons and healthcare professionals were specially designed and made direct contact with harmful objects.

Rising Rates of Infectious Diseases and the Establishment of Infection Prevention Standards are Propelling the Hospital Market

End Users classified the market into Hospitals, Clinics, Ambulatory Surgery, Diagnostic centres, and others. The hospital holds the maximum market share during the forecast period due to increasing patient admissions in clinics, examination procedures, and demand for advanced technology advancements in the hospital sector. The rapidly growing geriatric population, especially in developed countries, coupled with the rising prevalence of hospital-acquired and other infections, such as hepatitis and AIDS, is likely to augment the demand for these products.

The increasing prevalence of Hospital Acquired Infections (HAIs), such as surgical site infection, ventilator-associated pneumonia, and bloodstream infection, is likely to drive product demand in the hospital end-use segment. Furthermore, the growing geriatric population, combined with a rise in chronic health concerns, is predicted to drive industry growth.

North America will lead the Medical Gloves Industry

Geographically, the medical glove market was bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominated the largest market share during the accounting period due to increasing demand for disposable gloves, awareness among the general population regarding safety and hygiene, powder-free gloves, and other factors driving the growth of this market.

Europe is anticipated to hold the significant market revenue during the accounting period due to advanced healthcare infrastructure and a rising number of patients. However, Asia is expected to witness notable growth, owing to a rise in healthcare expenditure, a huge patient base for chronic diseases, and increased disposable incomes. Moreover, India and China are expected to witness growth at a high CAGR in the Asia-Pacific medical gloves market.

Key Players Analysis

Some primary key players operating in the medical glove industry include Cardinal Health Inc., Honeywell International Inc., 3M Company, Ansell Limited, Semperit AG Holdings, Kossan Rubber Industries BHD, Hartalega Holdings Berhad, and Careplus Group Berhad.

In July 2021, hospital supply group Premier Inc. and Honeywell International announced that they would be releasing a new venture that would efficiently manufacture 750 million nitrile exam gloves in the U.S.
In March 2021, Hartalega Holdings Berhad acquired land in Kedah from Northern Gateway Free Zone SdnBhd of 250 acres for USD 55.4 million to spread its manufacturing operations of gloves.

This new report titled “Global Medical Gloves Market by Raw Material (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves and others) Sterility (Sterile Gloves and Non - Sterile Gloves) Form (powdered form and non-powdered form) Application (Examination Gloves and Surgical Gloves) End User (Hospital, Clinical, Ambulatory Surgery, Diagnostic Centre and others) Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) Company (Cardinal Health Inc, Honeywell International Inc, 3M Company, Ansell Limited, Semperit AG Holdings, Kossan Rubber Industries BHD, Hartalega Holdings Berhad, and Care plus Group Berhad)” provides a complete analysis of Worldwide Medical Gloves Industry.

Raw Material - Medical Glove market breakup from 5 viewpoints:

1. Latex gloves
2. Nitrile gloves
3. Vinyl gloves
4. Neoprene gloves
5. Others

Sterility - Medical Glove Market breakup from 2 viewpoints:

1. Sterile gloves
2. Non- Sterile gloves

Form - Medical Glove Market breakup from 2 viewpoints:

1. Powdered Form
2. Non - Powdered Form

Application - Medical Glove Market breakup from 2 viewpoints:

1. Examination Gloves
2. Surgical Gloves

End User- Medical Glove Market breakup from 5 viewpoints:

1. Hospital
2. Clinical
3. Ambulatory Surgery.
4. Diagnostic Centre
5. Others

Region - Medical Glove Market breakup from 5 viewpoints:

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East & Africa

Key Players: All key players have been covered from 3 points such as:

  • Overview
  • Recent Developments
  • Financial Insights

Company Analysis:

1. Cardinal Health Inc.
2. Honeywell International Inc.
3. 3M Company
4. Ansell Limited
5. Semperit AG Holdings
6. Kossan Rubber Industries BHD
7. Hartalega Holdings Berhad
8. Care plus Group Berhad
Frequently Asked Questions about the Medical Gloves Market

What is the estimated value of the Medical Gloves Market?

The Medical Gloves Market was estimated to be valued at $13.35 Billion in 2022.

What is the growth rate of the Medical Gloves Market?

The growth rate of the Medical Gloves Market is 7.6%, with an estimated value of $19.3 Billion by 2027.

What is the forecasted size of the Medical Gloves Market?

The Medical Gloves Market is estimated to be worth $19.3 Billion by 2027.

Who are the key companies in the Medical Gloves Market?

Key companies in the Medical Gloves Market include Cardinal Health Inc., Honeywell International Inc., 3M Company, Ansell Limited, Semperit AG Holdings, Kossan Rubber Industries BHD and Care plus Group Berhad.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Medical Gloves Market

6. Medical Gloves Market- Market Share
6.1 By Raw Material
6.2 By Sterility
6.3 By Form
6.4 By Application
6.5 By End User
6.6 By Region

7. Medical Gloves Market - By Raw Material
7.1 Latex Gloves
7.2 Nitrile Gloves
7.3 Vinyl Gloves
7.4 Neoprene Gloves
7.5 Other

8. Medical Gloves Market - By Sterility
8.1 Sterile Gloves
8.2 Non-sterile Glove

9. Medical Gloves Market - By Form
9.1 Powdered
9.2 Non-Powdered

10. Medical Gloves Market - By Application
10.1 Examination
10.2 Surgery

11. Medical Gloves Market - By End User
11.1 Hospitals
11.2 Clinics
11.3 Ambulatory Surgery Centers
11.4 Diagnostic Centre
11.5 Others

12. Medical Gloves Market - By Region
12.1 North America
12.2 Europe
12.3 Asia Pacific
12.4 Latin America
12.5 Middle East and Africa

13. Key Players
13.1 Cardinal Health Inc.
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Honeywell International Inc.
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 3M Company
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Ansell Limited
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Semperit AG Holdings
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Kossan Rubber Industries BHD
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 Hartalega Holdings Berhad
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue
13.8 Careplus Group Berhad
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue

List of Figures:
Figure 01: Global - Medical Gloves Market (Billion US$), 2017 - 2022
Figure 02: Global - Forecast for Medical Gloves Market (Billion US$), 2023 - 2027
Figure 03: Raw Material - Latex Gloves Market (Million US$), 2017 - 2022
Figure 04: Raw Material - Forecast for Latex Gloves Market (Million US$), 2023 - 2027
Figure 05: Raw Material - Nitrile Gloves Market (Million US$), 2017 - 2022
Figure 06: Raw Material - Forecast for Nitrile Gloves Market (Million US$), 2023 - 2027
Figure 07: Raw Material - Vinyl Gloves Market (Million US$), 2017 - 2022
Figure 08: Raw Material - Forecast for Vinyl Gloves Market (Million US$), 2023 - 2027
Figure 09: Raw Material - Neoprene Gloves Market (Million US$), 2017 - 2022
Figure 10: Raw Material - Forecast for Neoprene Gloves Market (Million US$), 2023 - 2027
Figure 11: Raw Material - Other Market (Million US$), 2017 - 2022
Figure 12: Raw Material - Forecast for Other Market (Million US$), 2023 - 2027
Figure 13: Sterility - Sterile Gloves Market (Million US$), 2017 - 2022
Figure 14: Sterility - Forecast for Sterile Gloves Market (Million US$), 2023 - 2027
Figure 15: Sterility - Non-sterile Glove Market (Million US$), 2017 - 2022
Figure 16: Sterility - Forecast for Non-sterile Glove Market (Million US$), 2023 - 2027
Figure 17: Form - Powdered Market (Million US$), 2017 - 2022
Figure 18: Form - Forecast for Powdered Market (Million US$), 2023 - 2027
Figure 19: Form - Non-Powdered Market (Million US$), 2017 - 2022
Figure 20: Form - Forecast for Non-Powdered Market (Million US$), 2023 - 2027
Figure 21: Application - Examination Market (Million US$), 2017 - 2022
Figure 22: Application - Forecast for Examination Market (Million US$), 2023 - 2027
Figure 23: Application - Surgery Market (Million US$), 2017 - 2022
Figure 24: Application - Forecast for Surgery Market (Million US$), 2023 - 2027
Figure 25: End User - Hospitals Market (Million US$), 2017 - 2022
Figure 26: End User - Forecast for Hospitals Market (Million US$), 2023 - 2027
Figure 27: End User - Clinics Market (Million US$), 2017 - 2022
Figure 28: End User - Forecast for Clinics Market (Million US$), 2023 - 2027
Figure 29: End User - Ambulatory Surgery Centers Market (Million US$), 2017 - 2022
Figure 30: End User - Forecast for Ambulatory Surgery Centers Market (Million US$), 2023 - 2027
Figure 31: End User - Diagnostic Centre Market (Million US$), 2017 - 2022
Figure 32: End User - Forecast for Diagnostic Centre Market (Million US$), 2023 - 2027
Figure 33: End User - Others Market (Million US$), 2017 - 2022
Figure 34: End User - Forecast for Others Market (Million US$), 2023 - 2027
Figure 35: North America - Medical Gloves Market (Million US$), 2017 - 2022
Figure 36: North America - Forecast for Medical Gloves Market (Million US$), 2023 - 2027
Figure 37: Europe - Medical Gloves Market (Million US$), 2017 - 2022
Figure 38: Europe - Forecast for Medical Gloves Market (Million US$), 2023 - 2027
Figure 39: Asia Pacific - Medical Gloves Market (Million US$), 2017 - 2022
Figure 40: Asia Pacific - Forecast for Medical Gloves Market (Million US$), 2023 - 2027
Figure 41: Latin America - Medical Gloves Market (Million US$), 2017 - 2022
Figure 42: Latin America - Forecast for Medical Gloves Market (Million US$), 2023 - 2027
Figure 43: Middle East and Africa - Medical Gloves Market (Million US$), 2017 - 2022
Figure 44: Middle East and Africa - Forecast for Medical Gloves Market (Million US$), 2023 - 2027
Figure 45: Cardinal Health Inc. - Global Revenue (Billion US$), 2017 - 2022
Figure 46: Cardinal Health Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 47: Honeywell International Inc. - Global Revenue (Billion US$), 2017 - 2022
Figure 48: Honeywell International Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 49: 3M Company - Global Revenue (Billion US$), 2017 - 2022
Figure 50: 3M Company - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 51: Ansell Limited - Global Revenue (Million US$), 2017 - 2022
Figure 52: Ansell Limited - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 53: Semperit AG Holdings - Global Revenue (Million US$), 2017 - 2022
Figure 54: Semperit AG Holdings - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 55: Kossan Rubber Industries BHD - Global Revenue (Million US$), 2017 - 2022
Figure 56: Kossan Rubber Industries BHD - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 57: Hartalega Holdings Berhad - Global Revenue (Million US$), 2017 - 2022
Figure 58: Hartalega Holdings Berhad - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 59: Careplus Group Berhad - Global Revenue (Million US$), 2017 - 2022
Figure 60: Careplus Group Berhad - Forecast for Global Revenue (Million US$), 2023 - 2027

List of Tables:
Table 01: Global - Medical Gloves Market Share by Raw Material (Percent), 2017 - 2022
Table 02: Global - Forecast for Medical Gloves Market Share by Raw Material (Percent), 2023 - 2027
Table 03: Global - Medical Gloves Market Share by Sterility (Percent), 2017 - 2022
Table 04: Global - Forecast for Medical Gloves Market Share by Sterility (Percent), 2023 - 2027
Table 05: Global - Medical Gloves Market Share by Form (Percent), 2017 - 2022
Table 06: Global - Forecast for Medical Gloves Market Share by Form (Percent), 2023 - 2027
Table 07: Global - Medical Gloves Market Share by Application (Percent), 2017 - 2022
Table 08: Global - Forecast for Medical Gloves Market Share by Application (Percent), 2023 - 2027
Table 09: Global - Medical Gloves Market Share by End User (Percent), 2017 - 2022
Table 10: Global - Forecast for Medical Gloves Market Share by End User (Percent), 2023 - 2027
Table 11: Global - Medical Gloves Market Share by Region (Percent), 2017 - 2022
Table 12: Global - Forecast for Medical Gloves Market Share by Region (Percent), 2023 - 2027

Companies Mentioned

  • Cardinal Health Inc.
  • Honeywell International Inc.
  • 3M Company
  • Ansell Limited
  • Semperit AG Holdings
  • Kossan Rubber Industries BHD
  • Hartalega Holdings Berhad
  • Care plus Group Berhad

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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