May 19, 2020
According to the research report titled ‘Medical Gloves Market Size By Product , By Form, By Application, By Usage, By Sterility, By Distribution Channel, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global medical gloves market is expected to register significant growth by the year 2026.
Rising concerns pertaining to safety & sanitation is a major factor driving the medical gloves market. Medical gloves are used in medical situations such as doctor’s examination or during surgeries. The product ensures no cross-contamination since they are disposable. Medical gloves are part of infection control solution. Compliance check by FDA to ensure tear resistance, leak resistance and biocompatibility of medical gloves is further aiding the market expansion.
As per product type, vinyl gloves segment is expected to grow with a CAGR of 12.9% during 2020-2026. The product is not only cost-effective but also offers high-quality. Vinyl gloves are made using PVC which allows them to be comfortable as well as soft.
In terms of form, powdered gloves market segment was worth USD 1.4 billion in 2019 and is anticipated to witness robust growth in the forthcoming years.
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Surgical gloves application segment of medical gloves market is predicted to grow with a CAGR of 10.5% through 2026. Surgical gloves are used by surgeons and other healthcare professionals who are in direct contact with substances like blood and sharp tools which can cause illness, infection and injury. Shifting preference towards nitrile gloves among surgeons owing to their properties such as puncture resistance and durability is also fueling the segmental growth.
Speaking of usage, reusable gloves segment generated USD 1.5 billion in 2019 and is poised to acquire similar returns in the subsequent years. These gloves are made using high-quality rubber latex and can be autoclaved for various purposes.
By sterility, non-sterile gloves segment is anticipated to witness a y-o-y growth rate of 9.5% between 2020 and 2026. Non-sterile gloves are neither sterilized nor stored in sterile containers. They are utilized in general examinations of patients where risk of infection is low.
By distribution channel, brick & mortar segment accounted for USD 4.8 billion in 2019 and is predicted to showcase continuous growth in the ensuing years.
According to the report, worldwide medical gloves market share from diagnostic centers is expected to record a 10.3% CAGR during 2020-2026.
Considering the geographical landscape, Latin America medical gloves industry was worth USD 600 million in 2019 and is expected to grow with a CAGR of 12% during 2020-2026. Parallelly, medical gloves market in Middle East & Africa garnered USD 450 million in 2019 and is predicted to showcase a 11.5% CAGR through 2026.
The prominent companies operating in global medical gloves market are Rubberex Corp. M. Berhad, Sun Healthcare Sdn Bhd (Adventa Berhad), Leboo Healthcare Products Ltd., Medline Industries Inc., Hartalega Holdings Berhad, Robinson Healthcare, SHIELD Scientific, Erenler Medikal, Berner International GmbH, Akzenta International Sa, Ansell Ltd., Cardinal Health Inc., Kossan Rubber Industries Bhd., Semperit AG Holding, Supermax Corp. Berhad and Top Globe Corp. Berhad among others.