Latex allergies occurring by the continuous use of gloves is the primary restraint of the market. Furthermore, rising competition does not augur well for robust pricing. Therefore, sluggish growth in revenue might hinder market growth. But still, the impact of these restraints will be offset by the advent of novel technologies. Latex Medical Disposables market size was around USD 4.99 billion in 2019. It is expected to grow at a CAGR of 5.1% to reach USD 6.4 billion by 2024. Latex medical disposables like latex gloves are utilized for surgeries and check-ups. Their demand is high among doctors, surgeons, and dentists worldwide. Majorly, there are two types of latex gloves namely powdered and non-powdered. The non-powdered gloves are more in demand since the other ones hinder the healing process of patients. Latex allergies happening by the constant use of gloves is the primary restraint of the market. Furthermore, increasing competition does not augur well for robust pricing. Therefore, sluggish development in revenue might hamper market development.
Based on geography, the market divided under many countries namely, North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa. North America and Europe have to lead the Latex Medical Disposables Market, and Asia-Pacific has estimated to reach the highest rate.
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