Global Disposable Gloves Market by Products, End-uses, and Regions — Market Size, Share and Trends, Forecast 2020–2026
Global Disposable Gloves Market was valued at USD 8.2 Billion in 2017, growing at CAGR of 6.4% over the forecast period 2020–2026. Key factors augmenting the market are growing demand for outpatient and ambulatory care, rising significance of raw materials offering lightweight properties and growing demand in medical, pharmaceutical and chemical industries.
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The adoption of disposable gloves has increased over the years owing to the rise in safety concerns and hygiene. Additionally, the growing number of end users coupled with the advancements in technology will also aid in supplementing the market growth. However, toxic reaction caused by gloves and high price competition from local manufactures will impede the growth of disposable gloves market. For instance, the accelerators and other chemicals used to manufacture latex and non-latex gloves causes allergic reactions such as irritant contact dermatitis. Moreover, the introduction of disposable gloves in untapped economies will create lucrative opportunities in the market.
The global disposable gloves market is segmented on the basis of material, glove type, application and geography. By material, the market is segmented into natural rubber, nitrile, vinyl, neoprene, polyethylene and others. Natural rubber is the highest revenue generating segment owing to ease of use and wider availability. Based on glove type, the market is segmented into powdered gloves and non-powdered gloves. On the basis of application, the market is segmented into medical use and non-medical use. Further, medical is sub segmented into examination and surgical gloves. Based on non-medical application, the market is sub segmented into food service, clean room, and industrial applications.
Market Trends, Drivers, Restraints, and Opportunities:
- Technological invention, reinforced through obtain ability of personalized plans to cater to definite business demands, is anticipated to fuel the demand for disposable gloves.
- Growing elderly population and rising incidences of prolonged health concerns require the consistent and improved emergency medical services (EMS). This, in turn, is projected to boost market growth.
- Rising demand for EMS, ambulatory care, and outpatient is anticipated to bring increase investments in the medical infrastructure in the next few years. This is expected to drive the disposable gloves market.
- Moreover, e-commerce plays a vital role in supporting market growth, as many companies can pitch their products through such channels thereby, increasing product sales.
- However, inaccessibility of data related to specific workplace incidents in industrialized zones is a key challenge hampering market growth.
- Strict government standards concerning safety of doctors, patients, and others at hospitals further accelerates the usage of disposable gloves in the medical & healthcare sector.
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