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Disposable Gloves Market Expected to Reach $29,807.71 Million by 2030 | CAGR of 4.8%

 
2022
Disposable Gloves Market

Report Code : A00184

quote the growth of the global disposable gloves market is attributed to rise in chronic diseases, surge in number of surgeries and rise in demand in food services & industrial sectors. Moreover, increase in healthcare expenditure and rise in synthetic alternatives of gloves are expected to further drive the market growth during the forecast period. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, "Disposable Gloves Market by Service: Global Opportunity Analysis and Industry Forecast, 2021–2030," the global disposable gloves market size was valued at $10,248.09 million in 2019, and is expected to reach $29,807.71 million by 2030 at a CAGR of 4.8% during the forecast period.

Disposable gloves form an essential part in maintaining hygienic conditions, ensuring security of users, patients and caregivers, and safeguarding against infections. These are used while performing laboratory experiments to ensure safety of the personnel. The use of gloves minimizes possibility of infection, and pathogens. Adoption of disposable gloves has been a prerequisite for medical applications across the world. Advent of newer manufacturing technologies, increase in awareness regarding benefits of disposable gloves, and improved healthcare practices are expected to foster the market growth.

The market for disposable gloves is primarily driven by their requirement in medical and surgical applications to ensure safety and hygiene. Rise in demand for high heat resistance, chemical resistance, comfort, elasticity, and lightweight qualities is expected to further drive R&D initiatives of the leading market players. Moreover, stringent regulations by the government for the safety of healthcare, industrial workers as well as the food safety guidelines further increases the demand for disposable gloves. Thus, growth in number of end users, such as healthcare, pharma, and food industries, is expected to supplement the disposable gloves market growth.

For instance, in January 2021 Ansell Limited, a global leader in protective solutions, announced the completion of its purchase of the Primus brand (Indian manufacturer and marketer of gloves) and related assets that comprise the Primus Gloves and Sanrea Healthcare Products ("Primus") Life Science business. They have also formed a long term supply partnership. Thus, such developments, like acquisition, partnership, collaborations among the key players contribute toward the disposable gloves market growth, significantly.

However, toxic reaction from certain gloves as well as competition pricing offered by local manufacturers hamper the market growth. Moreover, advancements in technology related to development of novel disposable gloves, and unmet demand in developing economies are expected to create lucrative opportunities for the market players in the future.

On the basis of type, the disposable gloves market is segmented into natural rubber gloves, nitrile gloves, vinyl gloves, neoprene, polyethylene, and others. The nitrile gloves segment generated maximum revenue in 2019, accounting for $3,925.28 million as they are more puncture-resistant, frictionless, and offer longer shelf life. The others segment is expected to witness highest CAGR of 5.3% during the forecast period, owing to surge in alternatives for synthetic gloves.

On the basis of application, the disposable gloves market is segmented into medical and non-medical. The medical segment generated maximum revenue in 2019, accounting $6,026.27 million, owing to their increasing use in examination and surgical practices The non-medical segment is expected to witness highest CAGR of 5% during the forecast period, owing to surge in utilization of gloves among the food services to maintain food hygiene, cleanroom practices and awareness regarding the safety of workers in the industrial sector.

On the basis of form, the disposable gloves market is bifurcated into powdered and non-powdered. The non-powdered segment generated maximum revenue in 2019, accounting $9,868.54 million and is expected to witness highest CAGR of 4.9% during the forecast period, as they offer least chances of allergies or contamination as compared to the powdered ones and also, many countries have banned powdered gloves for medical use

 On the basis of region, North America generated major revenue worth $3,992.65 million in 2019, and is anticipated to dominate the global disposable gloves market in the future. This is due to increased hygiene awareness, a rise in the risk of infections and contamination among end users, and improved safety regulations. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period, owing to presence of high populace in countries such as India and China, which have a prominent prevalence rate of chronic diseases, surge in geriatric population, and unmet medical needs across the other developing nations as well.

Key Findings Of The Study

  • By type, nitrile segment was the highest contributor to the disposable gloves market in 2019.
  • By form, non-powdered segment was the highest contributor to the market in 2019.
  • By application, medical segment was the highest contributor to the disposable gloves market in 2019.
  • Region wise, North America garnered the largest revenue share in 2019, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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quote Disposable Gloves Market by Type (Natural Rubber Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene, Polyethylene, and Others), Application (Medical and Non-Medical) and Form (Powdered and Non-Powdered): Global Opportunity Analysis and Industry Forecast, 2019–2030 quote

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