Medical Gloves Market is Projected to Grow at A CAGR of 10.2% During 2020-2026

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OVERVIEW

Medical Gloves Market is expected to reach around $8.1 billion by 2020; growing at a CAGR of 10.2% till 2026.

Medical gloves are personal protective equipment that are used to protect healthcare professionals and patients from the spread of infection during medical procedures and examinations. Medical gloves are used as part of an infection-control strategy. Medical gloves protect hand form body fluids, certain hazardous drugs, and potentially contaminated items. Medical gloves are regulated by the FDA as Class I reserved medical devices that require a 510(k) premarket notification.

HAIs are the infections that patients get during treatment for medical or surgical conditions. According to the Centers for Disease Control and Prevention (CDC) estimates that around 1.7 million people contract HAIs, and about 99,000 of those cases result in death each year in American hospitals alone.

According to the World Health Organization (WHO), around 4.1 million people in Europe are affected by healthcare-associated infections each year. According to the Studies conducted in hospitals, 5% to 10% of hospitalizations in Europe and North America result in Healthcare-Associated Infection (HAI). In regions like Latin America, Sub-Saharan Africa, and Asia, it’s more than 40% result in Healthcare-Associated Infection (HAI). Medical gloves protect against the transmission of microbes. Most microbes are spread through hands, so wearing gloves reduce the spread of infections.

Reusable and Disposable in the type segment of the market scope, the application segment is categorized into Examination and Surgical, the material segment is divided into Latex, Nitrile, Vinyl, Polyisoprene, and Others, and the end-users is segmented into Hospitals, Clinics, Ambulatory Surgery Centers, Diagnostic Centers, and Others. The report covers the value of the global market by type, application, material, and end-user.

The market value of Nitrile gloves was USD XX billion in 2019, and it is expected to reach USD XX billion by 2026, growing at a CAGR of XX during 2020-2026. The partnership between companies to supply gloves in regions affected by the shortage of medical gloves due to the effect of COVID-19 and increasing commercialization of advanced Nitrile gloves are some of the factors that would propel the growth of the segment.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global medical gloves Value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America’s medical gloves market was USD XX billion in 2019, and it is predicted to reach USD XX billion by 2026, growing at a CAGR of XX during the forecast period. The increasing development of advanced medical gloves by the research institute to eliminate the risk of allergic reactions and the outbreak of the COVID-19 pandemic has surged the demand of medical gloves in North America.

Major players operating in the medical gloves industry include Ansell Healthcare LLC, B. Braun Melsungen AG, Cardinal Health, Inc., Medline Industries, Inc., Dynarex Corporation, Top Glove Corporation, Hartalega Holdings Berhad, Semperit AG Holding, Kimberly-Clark Corporation, Supermax Corporation Berhad, Kossan Rubber Industries Bhd, Rubberex Corp. M Bhd., Semperit AG Holding.

Commercialization of approved products and the formation of strategic collaborations are some of the few business strategies adopted by the key companies, with a focus on maintaining a competitive advantage over others. The companies are focused on technological advancement and expansion of business activities on a global scale.