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Medical Gloves Market Size

Medical Gloves Market size was valued at around USD 21,071 million in 2021 and is estimated to witness a CAGR of over 18.2% from 2022 to 2030 owing to the increasing awareness regarding the safety and hygiene among people due to rising prevalence of several infectious diseases. Increasing number of healthcare facilities in developing countries, growing prevalence of various chronic diseases and notable advancements related to medical gloves is anticipated to generate immense growth opportunities in the market.

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Availability of advanced and variety of medical gloves for treatment, examination and surgical procedures is contributing to the medical gloves market revenue. In developing nations, the prevalence rate of contagious diseases has long been the leading cause of mortality and morbidity.

Moreover, initiatives for increasing healthcare expenditure and developing infrastructure by several nations has significantly proven beneficial for the medical gloves market. Therefore, supportive government initiatives to create awareness regarding safety and hygiene along with chronic disease conditions are further expected to positively impact the market growth.

Medical gloves are personal protective equipment intended to prevent spread of infection and contaminations during patient examination and medical procedures. These gloves act as a barrier and provide protection against any bacterial or fungal infection and safeguard from hazardous chemicals.

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The strict prices by several market players for same quality gloves has resulted in lowering the market value among the customers thereby hindering their adoption rate, especially in emerging markets. Emergence of COVID-19 propelled the demand of medical gloves for several healthcare procedures. This resulted in adoption of competitive pricing strategies by several market player for customer acquisition.

For instance, the price of nitrile gloves from Top Glove Corporation Berhad is around USD 24.0 per thousand pieces and the price for similar gloves from Medline Industries, Inc. is around USD 100. In the short run, this cost will be a major factor restricting medical gloves market for some players in the industry. However, in the long run, it will have minimal influence as manufacturers innovate to make their products more affordable.

The COVID-19 outbreak arose as an unprecedented public health concern affecting global industrial sectors, including healthcare services and medical procedures. The COVID-19 pandemic increased the disease burden and clogged healthcare systems with a large influx of coronavirus-infected patients, causing other medical services to suffer. The revised standard operating procedures amended by government regulators, which incorporate social distancing norms and use of PPE kits, have had a favourable impact on the medical gloves market share.

Coronavirus being an infectious disease is highly contagious and can spread through touch and other viral mediums. Personal protective equipment’s were made compulsory for all healthcare professionals which included different type of medical gloves for appropriate procedures.

Guidelines and norms suggested by the U.S. Food and Drug Administration (FDA) and World Health Organization (WHO), included strict use of medical gloves for all healthcare procedures including examination, surgical interventions, routine check-up, tests, etc. This resulted in high demand of medical gloves in 2020 to safeguard patients and doctors from cross contamination of the disease.

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Growing awareness regarding safety and hygiene is anticipated to amplify the market forecasts

Growing awareness among medical professionals in several healthcare settings about the importance of hygiene and safety associated with health consequences will accelerate the medical gloves market share. The upsurge of COVID-19 pandemic significantly impacted the product adoption and increased the demand of medical gloves for safety and precaution of doctors and patients.

Several healthcare authorities prioritized modifying standard operating protocols in hospitals and promoted the use of personal protective equipment such as medical gloves for surgical and non-surgical purpose. Rising prevalence of hospital-acquired infections and cross contaminations due to unhygienic conditions, particularly in emerging nations will fuel the demand for medical gloves. Bacterial and viral infections can occur within 48 hours of a patient’s admission and asymptomatic infection occurs in up to 30% of patients hospitalized. Medical gloves are highly recommended, in order to prevent the spread of bacterial sepsis and hazardous contagions.

Increasing incidences of widespread viral diseases is a growing concern. Therefore, this significant disease incidence associated with hygiene and safety is driving the medical gloves market revenue positively.

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Medical Gloves Market Analysis

Based on product, the nitrile gloves segment held dominating share in 2021 and is expected to reach around USD 17,470 million by 2030 owing to the several benefits and clinical advantages offered by nitrile gloves for healthcare professionals. Nitrile gloves are latex free that promotes their use among people having latex allergies and reduces the potential allergic reactions.

Moreover, additional benefits and properties of nitrile gloves include comfort, tactility, improved heat dissipation, cost effectiveness, less environmental issues and chemical resistance will prove beneficial for the segme

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