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.
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
