|Status : Published||Published On : Mar, 2020||Report Code : VRHC1223||Industry : Healthcare||Available Format :||Page : 179|
The global disposable gloves market was valued at USD 7.6 billion in 2019 and is expected to reach USD 11.8 billion by 2025, growing at a CAGR of 7.7% during 2020-2025. The growth of this market is attributed towards rampant requirement for controlling infection globally along with rapid increase of pandemic diseases incidence occurring across the globe such as H1N1 pandemic. Additionally, extensive demand for disposable gloves from various industries such as pharmaceutical, chemical, healthcare, oil and gas and automotive finishing is another factor pertaining towards the growth of global disposable gloves market.
Disposable gloves are excessively being used in healthcare and food domain, chemical and janitorial services. These gloves functions as a protection utility in order to avoid infection to be spread amongst service providers and consumers. Furthermore, there are various variants of disposable gloves that include natural rubber, vinyl, nitrile and neoprene. These variants of disposable gloves have different benefits in comparison to that of conventional gloves and have greater applicability in cleanroom and food service. Availability of numerous benefits of disposable gloves and wide application is thereby escalating the demand of global disposable gloves market.
Insight by Product
On the basis of product, the global disposable gloves market is categorized into powder-free and powdered segment. Amongst these segments, the powder free segment is anticipated to contribute larger revenue by 2025. The growth of this segment is attributed towards employment of hygiene measures by food regulatory authorities of Germany, U.S. and U.K.
Insight by Application
On the basis of application, the global disposable gloves market is categorized into non-medical and medical & healthcare. Amongst these segments, medical & healthcare segment is anticipated to contribute larger revenue throughout the estimated period owing to the extensive awareness amongst doctors and nurses pertaining to health and safety precautions at the time of emergency response along with treatment. Furthermore, increasing acceptance of disposable globes in hospitals for maintaining hygiene is another factor significantly contributing towards the growth of this segment that is further uplifting the growth of the global disposable gloves market.
Increasing demand for disposable gloves from foodservice, medical applications, salons and healthcare domain is the key trend that is bolstering the growth of the global disposable gloves market.
Imposition of occupational safety regulations and extensive importance of security and safety at workplaces are factors that are driving the growth of global disposable gloves market. Excessive awareness and concerns towards safety and health of employees along with rapid concern pertaining to skin diseases in the industrial domain are thus necessitating the use of disposable gloves in workplaces globally.
In several organizations the employees encounter the risk of unexpected diseases and hazards and use of disposable gloves help in protecting the employees against various unanticipated and unknown matters. Additionally, disposable gloves add an extra layer on the skin that further protects it against any unwanted elements thereby elevating the demand of global disposable gloves market.
However, high prices of raw material, toxic reaction produced by gloves and high competitive prices from local manufactures are the key factors that are anticipated to hamper the growth of global disposable gloves market.
Geographically, North America is the largest disposable gloves market in 2019 as in the region the healthcare domain is rampantly adopting disposable gloves along with rapidly establishing healthcare infrastructures. In addition, adoption of disposable gloves by food domain in the region in order to prevent spread of diseases is another factor that is pertaining towards the growth of disposable gloves market.
Moreover, Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to the extensive use of disposable gloves for medical applications. Extensive utilization of surgical applications and extensive demand for disposable gloves from countries such as China, Indonesia and South Korea is thereby expected to significantly contribute towards the growth of disposable gloves market in this region.
Key players in the disposable gloves market are catering to the demand of these products by investing in technologically advanced products along with accessibility of customized designs in order to cater to the specific demand of the various industries.
Some of the major players operating in the global disposable gloves market are Supermax Corporation Berhad, The Glove Corporation Bhd, Dynarex Corporation, Top Glove Corporation Berhad, B. Braun Melsungen AG, Kossan Rubber Industries Bhd., Semperit AG Holding, Kimberly Clark, Hartalega Holdings Berhad, Ansell Limited, Rubberex Corp. M Bhd, Mölnlycke Health Care AB, and Cardinal Health, Inc.
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.
Source: VynZ Research
Source: VynZ Research