Examination Latex and Nitrile Rubber Medical Gloves Market Size, 2032

Pharmacy benefit management market

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global Examination Latex and Nitrile Rubber Medical Gloves market size was USD 18420 million in 2022 and market is projected to touch USD 67759.2 million by 2032, exhibiting a CAGR of 13.9% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the Examination Latex and Nitrile Rubber Medical Gloves Market experiencing higher than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Nitrile medical gloves are largely utilized in the health care and food industries to protect carers and patients from cross-infection. Various nitrile medical glove variations are created over time. Each version offers distinct advantages over traditional gloves. These advantages include superior strength and durability, as well as barrier protection against blood borne infections. Furthermore, the latex-free dependability of nitrile gloves makes them the preferred choice of medical professionals when treating allergic patients. Personal protective equipment (PPE) kits that protect against hazardous microorganisms and viruses must include medical gloves. As a result, the worldwide medical gloves market is predicted to expand as healthcare institutions such as hospitals, diagnostics labs, clinics, and others support the expansion. Because it assists health personnel and patients in avoiding contamination, it helps to reduce the spread of diseases and disease transmission.

The increased demand for workplace safety and security, rising healthcare expenditure, and the reappearance of the COVID-19 pandemic are all predicted to boost market growth. The recurrence of the COVID-19 pandemic in China, Germany, France, Italy, and Belgium is projected to increase testing, surveillance, and hospital visits, boosting product demand. Furthermore, the pandemic increased demand for disposable medical gloves while straining the supply chain, prompting manufacturers to increase manufacturing capacity to meet the rising demand.

The extensive applicability of disposable gloves in many sectors, such as healthcare, food and beverage, and chemical industries, can be ascribed to the market growth for disposable medical gloves in India. Furthermore, the industry experienced strong growth in the region during the coronavirus epidemic. The rising number of COVID-19 infections in the country increased demand for personal hygiene products such as sanitizers and gloves, which boosted disposable glove market growth. Furthermore, government-mandated rules required healthcare personnel to use disposable gloves when treating patients and handling specimens, among other applications, which fueled market expansion in the region. Furthermore, the increased usage of disposable gloves for personal use as a result of the introduction of coronavirus fueled market expansion. As a result of the COVID-19 outbreak, which resulted in increased demand for disposable medical gloves, the market in India experienced a solid surge.

"Surgical Gloves segment dominates the market and is expected to do so throughout the forecast period"

During the projected period, the surgical glove sector will lead the latex medical glove market. A growing number of surgical procedures utilizing latex gloves is a high-impact rendering driver. The FDA controls surgeon's gloves (gloves worn on the hands of operating room personnel to protect a surgical wound from contamination) and non-powdered patient examination gloves (gloves worn on the examiner's hand or finger to protect a patient's hand or finger from contamination). Surgeon's gloves (gloves worn on the hands of operating room personnel to protect a surgical wound from contamination) and non-powdered patient examination gloves (gloves worn on the examiner's hand or finger to prevent contamination between patient and examiner) are regulated by the FDA as Class I (reserved) devices, subject to premarket notification requirements under 510(k) of the FDCA. To avoid unnecessary health risks, the FDA will allow the distribution of these gloves if they contain the relevant warnings and meet the following standards, as outlined in its Enforcement Policy.

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According to type, the market can be segmented into latex, nitrile rubber. Latex is anticipated to be the leading segment.

Based on application, the market can be divided into online, medical store. Online will be the dominating segment.

"Expanding distribution channels are boosting market growth and Powder-free or non-powdered medical gloves are becoming increasingly popular"

The country's thriving healthcare industry has fueled the expansion of disposable medical gloves in India. Government investments and increased awareness of the relevance of disposable medical gloves in healthcare institutions have fueled market expansion in the country. Furthermore, the availability of disposable medical gloves at a cheap price through a broad network of distribution channels in the country, such as pharmacies, supermarkets, and convenience stores, among others, has aided market expansion. Furthermore, due to the increasing market penetration of smartphones and the ease of access to the Internet, the prominence of online retail channels has aided the industry's market growth. Furthermore, increased consumer health consciousness has fueled the region's disposable medical glove market expansion. The usage of latex gloves has resulted in an increase in allergic or hypersensitive reactions among healthcare personnel. On the wrists and hands, allergic reactions such as irritant contact dermatitis, a non-immunologic response to an irritant, or skin damage occur. As a result, the worldwide gloves market is predicted to grow as people transition to non-powdered or powder-free gloves, synthetic gloves, or low-protein latex gloves.

"Market is growing due to an increase in the development of novel medical gloves and automated medical glove manufacturing"

Automation in medical glove manufacture has advanced significantly. It has further reduced medical glove costs and contributed significantly to the global medical glove market's growth. Modern automatic medical glove production lines have been built by companies. Since the advent of the COVID-19 pandemic, Hartalega Holdings, a prominent vendor, has become one of the most automated glove production enterprises. Manufacturers concentrate on R&D operations to create unique disposable gloves for the healthcare business. Vendors are creating newer, more inventive medical gloves to fulfil new market demands. The University of Nottingham, for example, created a unique anti-microbial medical glove that kills bacteria without the use of chemicals.

"Impact of stringent health regulations may stymie industry expansion"

Many standards for medical glove manufacture have been developed over the years in response to increased concerns by HCPs and industry professionals, new research information, and new barrier materials. The FDA regulations for medical glove manufacturers entering the market have also altered, resulting in the production of high-quality gloves. With the latest recommendations regulating the use of gloves, the global medical gloves market is expected to grow.

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"North America dominated the global market during forecast period"

North America dominates the medical glove industry, with the United States accounting for a sizable market share in 2016. Some of the primary driving factors fueling the growth of this market in North America include improved hospital infrastructure, increased prevalence of various acute and chronic diseases, and the presence of prominent manufacturers involved in medical glove production. Because of improved healthcare infrastructure and increased awareness about safety and cleanliness among people in the region, the Asian medical gloves market is expected to develop at the fastest CAGR during the projected period. Another factor fueling the market's growth is the increasing attention of major companies in the Asian medical gloves industry. Furthermore, growing markets such as India and China provide tremendous growth potential for medical glove makers.

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.

Market Size Value In

US$ 18420 Million in 2022

Market Size Value By

US$ 67759.2 Million by 2032

Growth Rate

CAGR of 13.9% from 2022 to 2032

Forecast Period

2024-2032

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

By Type

By Application

Based on our research the Examination Latex and Nitrile Rubber Medical Gloves market is expected to reach 67759.2 million by 2032

The Examination Latex and Nitrile Rubber Medical Gloves market is expected to exhibit a CAGR of 13.9% by 2032.

Key factors driving the Examination Latex and Nitrile Rubber Medical Gloves market growth include rising infectious disease and viral outbreaks, as well as rising healthcare cost.

The top key players in the Examination Latex and Nitrile Rubber Medical Gloves market are Ansell Healthcare, McKesson, Cardinal Health, Medline, Dynarex, Top Glove, Hartalega Holdings Berhad, Semperit, Kimberly-Clark.