MARKET SIZE FORECAST TO REACH $8.73 BILLION BY 2025

MARKET SIZE FORECAST TO REACH $8.73 BILLION BY 2025 

The disposable medical gloves market size is forecast to reach $8.73 billion by 2025, growing at a CAGR of 9.18 percent during the forecast period 2020-2025, according to IndustryArc.com. Medical gloves are one of the personal protective equipment in the healthcare sector that are used to protect the wearer and/or the patient from the spread of infection or illness during medical procedures and examinations. They are a part of the infection control strategy. Disposable medical gloves are commonly used in order to prevent transmission of infection from multiple usages. Growing prevalence of viral infections among major nations of the world and rising health awareness have resulted in a rise in demand for disposable medical gloves in the healthcare sector. Advantages of disposable medical gloves like safer working and better barrier between skin and bio hazardous material, along with major product launches by key market players, are some other factors that are poised to drive the growth of the market. Latex (natural rubber) gloves held the largest share in the type segment of disposable medical gloves market in 2019, which is estimated to grow at a CAGR of 5.2 percent during the forecast period 2020-2025. Better qualities of latex gloves such as excellent fit, better stretching, favorable grip for critical surgeries and smoother feel are the factors that draw the demand of latex gloves. The latex gloves are very commonly used in most of the medical procedures owing to their advantages and low cost. In view of the rising number of the global pandemic owing to coronavirus (COVID-19), the demand for natural rubber gloves has seen a great surge across the healthcare market of various regions in the world. The nitrile segment held the second largest share, owing to better stronger barrier of protection and greater chemical resistance of nitrile gloves. Nitrile rubber is more resistant than natural rubber to chemicals, oils and acids, and has superior strength. Vinyl gloves maintained a steady growth in recent years, owing to their cost effectiveness and easy availability. They are synthetic material gloves made from polyvinyl chloride (PVC). Vinyl is less elastic than nitrile and latex, giving it a looser fit and smooth, comfortable feel. However, it is estimated that nitrile gloves are set to be the fastest growing segment and are set to register the highest CAGR during the forecast period 2020-2025, owing to an increase in their usage in hospitals and other healthcare centers for the advantage of latex-free dependability and manufacturing. The disposable medical gloves market's top 10 companies are Ansell Limited, B. Braun Melsungen Ag, Cardinal Health Inc, Dynarex Corporation, Hartalega Holding Berhad, Kossan Rubber Industry Bhd, Rubberex Corp. M Bhd, Semperit Ag Holding, Supermax Corporation Berhad and Top Glove Corporation Berhad, among others.

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