Disposable Gloves Market Revenue Driven by Increasing Need to Ensure Proper Hygiene: Reports and Data
Increasing prevalence of chronic diseases, ongoing developments in healthcare sector, and rising awareness pertaining to HAIs are some key factors expected to drive market growth
Reports and Data has published its latest report titled “Disposable Gloves Market By Product (Powdered, Powder-Free), By Material (Natural Rubber, Polypropylene, Nitrile, Neoprene, Vinyl, Others), By End-Use (Medical & Healthcare, Non-Medical), and By Region, Forecast to 2028”
According to the latest report by Reports and Data, the global disposable gloves market size was USD 13.14 Billion in 2020 and is expected to reach USD 26.96 Billion in 2028 and register a revenue CAGR of 9.3% during the forecast period, 2021-2028.
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Drivers, Restraints, and Opportunities
Disposable gloves are gloves that are only worn once and then discarded. It safeguards health of the individual who is wearing it as well as the health of the patient being treated. They assist in preventing the transfer of germs and diseases from person to person and increasing focus on preventing hospital-acquired infections and patient to patient transmission is a key factor expected to drive revenue growth of the disposable gloves market. Polypropylene gloves, natural rubber or latex gloves, neoprene gloves, vinyl gloves and nitrile gloves are some commonly used disposable gloves. Gloves made of natural rubber or latex have good elasticity and acid and alkali resistance. Vinyl gloves are made of a polyvinyl chloride (PVC) or petroleum-based film. These disposable gloves are less expensive than other disposable gloves. Vinyl gloves are less durable and provide only limited protection from heat and chemicals.
In addition, increasing awareness regarding hygiene in food and beverage sector, rising number of surgical procedures, and growing concerns regarding spread of virus infection in healthcare and medical sector are other factors contribute to revenue growth of the market. The increasing research and development activities in biopharmaceutical industries owing to high focus on drug development production surge demand for disposable gloves in the market. However, fluctuating costs of raw materials, and possible risk of allergies or skin rash are factors expected to restrain disposable gloves market revenue growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
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Nitrile Segment to Lead in Terms of Revenue Share:
Nitrile segment is expected to account for largest revenue share in the global market over the forecast period attributed to large scale use of nitrile gloves in chemical, laboratory, medical, painting, dentistry, and in various sectors due to its advantageous properties. Nitrile is chemically resistant to a variety of chemicals and substances, making it greaseproof, waterproof, and oil proof. Because of their dexterous strength, and excellent puncture resistance nitrile gloves are extensively utilised in the medical profession.
Medical & Healthcare Segment to Register Significant Revenue Growth:
Medical & healthcare companies segment is expected to register significant revenue growth over the forecast period due to increasing need for safety and hygiene owing to increase in Covid 19 cases and infections in healthcare sector. In addition, large scale adoption of gloves for research, medical examination procedures and surgical operations drive revenue growth of the segment.
North America to Register Robust Revenue Growth:
North America is expected to register robust revenue growth over the forecast period attributable to rising prevalence of infectious disease, increasing expenditure in healthcare sector, strict government regulations on workforce safety, rising awareness pertaining to Hospital Acquired Infection (HAIs), rapidly expanding biopharmaceutical companies owing to increase in research activities and presence of leading market players.
Asia Pacific Accounted for Largest Revenue Share in 2020:
Asia Pacific is expected to account for largest revenue share in the global market in 2020 over the forecast period attributable to growing awareness among individuals regarding safety and hygiene, and increasing adoption of disposable gloves in healthcare and research industry. Further, increasing number of private hospitals and growing elderly population, especially in emerging economies including China, drive revenue growth of the APAC market.
Major Companies in the Market Include:
- Ansell Ltd.
- Top Glove Corporation Bhd
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- Kossan Rubber Industries Bhd
- Ammex Corp.
- Kimberly-Clark Corp.
- Sempermed USA, Inc.
- MCR Safety
- Cardinal Health
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For the purpose of this report, Reports and Data has segmented global disposable gloves market based on product, material, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018-2028)
Material Outlook (Revenue, USD Billion; 2018-2028)
- Natural Rubber
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Medical & Healthcare
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Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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