November 27, 2019
According to the latest study titled ‘Global Medical Gloves Market-By Product Type (Surgical, Examination, Others), By Raw Material Type (Latex, Nitrile, Vinyl, Others),By Form(Powdered, Non-Powdered),By End Users (Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others), By Region, By Country (2018 Edition) - Forecast to 2023’ available with Market Study Report LLC, the global medical gloves market is estimated to grow with a CAGR of 7.92% through the year 2023.
Medical gloves are utilized in medical examinations and surgical procedures to prevent cross-contamination between patients and caregivers. Apart from being disposable, they are economical, hygienic, and safe to use. Rising cognizance regarding hygiene and healthcare is impelling the growth of medical gloves market.
The study examines the market for revenue shares of each segment and offers information about the growth patterns. It analyses the competitive landscape of medical gloves market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics influencing the industry growth is also given in the report.
Based on type, medical gloves market is segmented into surgical, examination, and others, wherein the examination gloves segment witnessed decent growth in the recent past and in the presumed to grow in the upcoming years due to improved awareness regarding contagious diseases, higher healthcare expenditures in tandem with increasing number of hospitals. Additionally, based on end-user spectrum, the industry is split into ambulatory surgical centers, clinics & hospitals, and diagnostic centers.
Speaking of raw materials, medical gloves market is divided into nitrile, latex, vinyl, and others. While as per forms, the industry is segmented into powdered and non-powdered. Considering the geographical landscape, the global medical gloves market is bifurcated into four major regions as Europe, North America, APAC, and rest of the world.
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The report claims that North America medical gloves market registered the largest share in 2018, owing advanced healthcare infrastructure, stringent government regulation concerning personal protective equipment, and rising variety of surgical procedures available in the region.
Some of the vendors that operate in medical gloves market are Halyard Health, Ansell, Top Glove Corporation, Cardinal Health, Supermax Corporation, Hartalega, and Cypress Medical.
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