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Medical Gloves - Global Market Trajectory & Analytics

  • ID: 338820
  • Report
  • July 2020
  • Region: Global
  • 347 Pages
  • Global Industry Analysts, Inc
Daily Infections Continue to Rise. Medical Gloves Market to Reach US$70 Billion by 2027

Always driven by epidemics and pandemics, the global market for Medical Gloves is projected to reach US$70 billion by 2027, trailing a CAGR of 12.4% during the analysis period 2020 through 2027. The novel corona virus spreading rapidly across the globe is by far the worst and the most deadly pandemic in recent history with death tolls surpassing that of MERS (850) and SARS (770). The death toll currently stands at 561,617and continues to rise at alarming speeds. As the health crisis continues to deepen, the world is scrambling to meet a critical shortage of protective wear. With studies proving gloves to be effective in protecting against covid-19, what the world needs now are medical gloves. Over 80 million gloves are needed by COVID-19 health response teams each month worldwide. Over 45% increase in personal protective equipment (PPE) production is needed to meet the world's rising demand to fight the pandemic. A frightening crisis is now unfolding, as growing numbers of frontline healthcare workers get infected due to shortage of protective gear. As a result per capita consumption of medical gloves, especially examination gloves is expected to witness a sudden temporary spike as the pandemic continues to ravage the world. As distressed governments float global tenders for PPE equipment, glove manufacturers are being pushed into overdrive as they struggle to meet the spike in demand. Top Glove Corporation, the world's largest manufacturer of medical gloves, is modifying its production lines to meet increased demand and close the demand and supply gap. Disruptions nevertheless are creating serious risks with companies grappling with massive shortage of workers. Staging an early recovery from the pandemic, China's restarting of medical supplies production for global exports offers hope in easing the pressure at least partially. Under this scenario of changing dynamics, the market is ready for significant upward revision in growth forecasts in the short-term.

Gloves are one of the most important safety products used by medical and health personnel. Healthcare staff used gloves for the first time in the year 1889. Since then the market has been driven by the growing virulence of hard-to-treat infectious diseases like Hepatitis B virus (HBV) and human immunodeficiency virus (HIV), and growing awareness among care givers over the healthcare-associated risks of viral and bacterial infections. Other evergreen growth factors in the market include aging population and spiraling rise in the number of surgeries and medical examinations performed; increasing emphasis on the use of disposable gloves from government and non-government agencies; stringent implementation of infection-control programs to prevent the risk of disease transmission in hospitals and clinics; focus on reducing healthcare costs associated with nosocomial infections and morbidity rates; emphasis on reducing hospital stays; implementation of 'double gloving' practice to reduce the risk of exposure to patients' blood; and migration from reusable to disposable medical supplies supported by evolving recycling options that reduce environmental concerns. Also shaping growth will be technology innovations such as nitrile-based glove coatings and hypoallergenic polyisoprene engineered to provide superior barrier protection without the risk of latex allergies; and development and launch of gloves optimized for complex surgeries and designed to offer the best protection without sacrificing physician dexterity while simultaneously enhancing tactile sensitivity.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

COVID-19 Outbreak Instigates Massive Spike in Disposable Gloves Market

The World Cannot Fight the Corona Virus Without Appropriate Weapons

The Humble Disposable Medical Gloves Are Now in the Spotlight, Making this Market Among the Few to Grow Amidst the Pandemic & the Looming Recession: Per Capita Glove Consumption

Medical Gloves: An Introduction

Latex Gloves

Latex Alternatives

Polymer Coatings: Technological Advancements

Benefits & Drawbacks of Latex and Non-Latex Gloves

Market Segmentation of Medical Gloves

Medical Examination Gloves

Surgical Gloves

Powdered and Powder-Free Gloves

Disposable Medical Gloves: Current Market Scenario and Outlook

Key Growth Drivers

Select Growth Impediments

Recent Market Activity

Powder-Free Gloves Enjoy High Popularity

Surgical Gloves to Gain on Expense of Examination Gloves

Hospitals & Clinics Remain Primary End-User of Disposable Medical Gloves

While Developed Regions Remain Major Revenue Contributors, Developing Regions Evolve into Fastest Growing Markets

World Disposable Medical Gloves Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions

World Market for Disposable Medical Gloves - Geographic Regions Ranked by CAGR (% Value): China, Asia-Pacific, Latin America, Canada, Middle East, USA, Europe, Africa, and Japan

Malaysia: Dominant Producer of Disposable Gloves Worldwide

Malaysia to Ramp Up Production to Cater to Global Demand

Innovations Drive Growth

Select Innovations

Competitive Landscape

A Topical Review of OEM Gloves Market

Top Four Gloves Manufacturers Worldwide: Capacity in Billion Pieces

Top Glove: The Largest Rubber Glove Manufacturer

Top Glove Corporation’s Sales Volume by Geographic Region (FY 2019)

Top Glove Corporation’s Glove Product Mix (FY 2019): Breakdown of Sales Revenue by Product Type

Top Glove Corporation’s Glove Product Mix (FY 2014 to FY 2018): Breakdown of Sales Volume by Product Type

Capacity Expansion to Boost Nitrile Market Presence

Hartalega Leads in Nitrile Gloves Segment

Hartalega’s NGC Project: Capacity and Timelines

Enhanced Productivity and Expanded Target Markets – Strategies for Better Future

Supermax: An Overview of Company’s Operations

Supermax’s Capacity Expansion Undertakings

Further Increase in Reliance on Nitrile Segment to Fuel Growth for Kossan

Kossan’s Capacity Expansion Plans

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

An Insight into Global Rubber Gloves Market

Rising Focus on Hygiene & Safety and Increasing Incident of Pandemic to Impel Global Demand for Disposable Medical Gloves

Importance of Hand Protection in Hospitals and Laboratories Drives Demand for Medical Gloves

Increasing Patient Population & Medical Tourism Propel the Market

Improving Healthcare Expenditure Turbo Charges Demand

World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023

Per Capita Healthcare Spending (in US$) in Select Countries (2019)

Rising Number of Medical Professionals and Surgeries Drive Growth in Market

Rising Incidence of Hospital Acquired Infections Propels Market Growth

Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections

Aging Population and Growing Number of Surgical Procedures Spur Demand

Global Aging Population in Select Regions: Population of 60+ Individuals in Million and as a Percentage of Total Population for 2017 & 2050

Elderly Population (60+ Years) as a Percentage of Total Population (2017 & 2050)

Rise in Number of Diagnostic Laboratories Spurs Demand for Medical Gloves

The Trend towards Powderless Examination Gloves for Medical Use

Increasing Healthcare Awareness to Spur Demand for Medical Gloves

Latex Gloves Rapidly Lose Share to Synthetic Gloves

Nitrile Gloves - An Effective Synthetic Alternative to Natural Rubber Latex Gloves

Nitrile Gloves Witness Surging Demand

Vinyl Disposable Gloves Laced with Inherent Drawbacks

Manufacturers of NR Latex Gloves Rise to the Challenge

Underplayed Advantages of NRL: Hoping to Reinstate Consumer Confidence

Implementation of 'Double Gloving Practice Spurs Growth Opportunities

Durability of Medical Gloves: A Key Issue

Future of Powdered Gloves Precariously Hangs in Balance

Product Variables for Commercial Success

Managed Care Vs. Cost Concerns

Industry Upbeat on the Technology & Innovation Front

Hartalega Develops Non-Leaching Antimicrobial Gloves with Active Ingredient

Technology/Product Breakthroughs in Recent Years

Surgical Gloves: Shaped by Comfort, Fit & Barrier Protection

Demand and Supply Dynamics

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Overview

Ageing Demographics: Major Driving Factor

Aging Population in the US (2017 & 2050): 60 Years and Above Population (in Thousands) and Percentage of Population

US Elderly Population by Age Group: 1975-2050

Growing Focus on Infection Prevention Spurs Usage

Opportunity Indicators

Number of Hospitals in the US by Type

Number of Laboratories in the US by Type

Hospital Infections, the Unsuspected Killer & Neglected Healthcare Cost Driver: Cost of HAIs in the U.S (In US$ Billion)

Continued Preference of Latex Gloves

Competition

Legal and Regulatory Environment

Market Analytics

CANADA

JAPAN

Market Overview

Demographics Drive Market Growth

Japanese Elderly (60+ Years) Population: 2000-2020

Japanese Population by Age Group (2019)

Market Analytics

CHINA

Market Overview

Market Analytics

EUROPE

Changing Landscape of the European Surgical Gloves Market

Increase in Aging Populace: A Business Case for Disposable Medical Gloves

60+ Population (in %) by Select European Countries

Market Analytics

FRANCE

Market Overview

Market Analytics

GERMANY

German Gloves Market is Powder-Free

Market Analytics

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

A Major Import Market

Market Analytics

REST OF EUROPE

The Netherlands

Market Analytics

ASIA-PACIFIC

Market Overview

Changing Dynamics of the Asian Medical Gloves Market

Malaysia Accounts for Lion’s Share of Production

Market Analytics

AUSTRALIA

INDIA

An Overview

Imports: A Major Source of Medical Gloves in India

Local Industry Treads on a Growth Path, Still to Embrace Changing Global Trends

Market Analytics

SOUTH KOREA

REST OF ASIA-PACIFIC

Indonesia: Rubber Industry Overview

Malaysia: Domestic Market Yet to Take Off

Malaysian Companies Dominate Global Glove Industry

Industry Moves in the Direction of Better Efficiency and Productivity

Market Analytics

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 86

Note: Product cover images may vary from those shown
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