Market Size of Latex Medical Gloves Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Latex Medical Gloves Market Analysis
The latex medical gloves market is anticipated to witness a CAGR of nearly 5.1% during the forecast period.
The COVID-19 pandemic has had a significant impact on the latex medical gloves market owing to the lockdown measures imposed by the government across the globe which led to the disruption of supply chain activities. Also, the suspension of elective surgeries during the pandemic has impacted the demand for latex medical gloves. For instance, according to an article published in the British Journal of Surgery, in October 2021, an estimated 28 million surgeries were canceled or delayed during the peak 12 weeks of COVID-19 disruption. In addition, as per the same source, 25% of elective cesarean sections, 37% of cancer surgeries, and 81% of benign condition operations were postponed, globally, during the pandemic. Also, according to the data published by FDA, in January 2021, the Department of Health and Human Services (HHS) made FDA temporary exemption from the 510(k) premarket notification process permanent for seven class I medical devices, including latex patient examination gloves. the Department of Health and Human Services (HHS) made FDA's temporary exemption from the 510(k) premarket notification process permanent for seven class I medical devices, including latex patient examination gloves. Thus, the studied market has witnessed significant growth after the pandemic restrictions and is expected to grow over the forecast period.
Factors such as the increased importance of health and safety measures and the growing prevalence of infections during surgeries are expected to boost the market growth over the forecast period.
Healthcare-associated infections are one of the major causes of morbidity. Also, the WHO and the United States FDA recommended that medical gloves be worn strictly during all examinations, surgical procedures, regular check-ups, tests, and other healthcare procedures.
Additionally, the rising prevalence of hospital-acquired infections or surgical site infections is the key factor driving the market growth. For instance, according to the data published by the National and State HAI Progress 2021 Report, it has been observed that the HAI increased between 2020 and 2021, including 11% in surgical site infection (SSI-HYST) and 7% in central line-associated bloodstream infection (CLABSI). Also, the increasing geriatric and pediatricpopulation as well as the people in ICUs are at high riskof getting a healthcare-associatedinfection. For instance, as per an article published in Annals of Intensive Care, in March 2022, it has been observed that intensive care unit (ICU) admissions among the elderly population are expected to increase with the increasing global populationand the patients aged 65 years or above constitute more ICU admissions, followed by people aged 80 years and 85 years old. Thus, the high number of hospital admission rates raises the need for latex gloves to avoid the transmission of viruses or bacteria from one person to another, thereby contributing to market growth.
Therefore, owing to the aforementioned factors, the studied market is anticipated to grow over the forecast period. However, the high cost of raw materials for manufacturing latex gloves is likely to impede the growth of the latex medical gloves market over the forecast period.
Latex Medical Gloves Industry Segmentation
As per the scope of the report, latex is a natural material extracted from flowering plants. It can also be artificially manufactured by polymerizing a monomer, such as styrene emulsified by surfactants. It is utilized to manufacture latex gloves for surgical and physical examination purposes. Latex gloves are widely used in healthcare practices and are popular among medical professionals. Latex gloves are biodegradable and provide a high level of touch sensitivity and high elasticity. The latex medical gloves market is segmented by product type (sterile gloves and non-sterile gloves), applications (examination gloves and surgical gloves), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD) for the above segments.
By Product Type | |
Sterile Gloves | |
Non-sterile Gloves |
By Applications | |
Examination Gloves | |
Surgical Gloves |
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Latex Medical Gloves Market Size Summary
The latex medical gloves market is poised for growth, driven by the increasing emphasis on health and safety measures and the rising prevalence of infections during medical procedures. The COVID-19 pandemic significantly impacted the market, causing disruptions in supply chains and a temporary decline in demand due to postponed elective surgeries. However, the market has rebounded as restrictions eased, with factors such as the permanent exemption from the FDA's 510(k) premarket notification process for latex gloves contributing to this recovery. The growing awareness of healthcare-associated infections and the recommendations from health authorities to use medical gloves in various healthcare settings are further propelling market expansion. Despite the high cost of raw materials posing a challenge, the market is expected to continue its upward trajectory.
The surgical gloves segment is anticipated to experience substantial growth, fueled by the increasing number of surgical procedures and the expansion of production facilities by key companies. The demand for surgical gloves is rising due to the need to reduce the risk of infections during surgeries, supported by data indicating a rise in hospital-acquired infections. North America is expected to witness significant growth, driven by high patient admission rates and the proliferation of multi-specialty surgical centers. The advantages of latex gloves, such as superior protection against chemical and biological hazards and enhanced comfort and dexterity, make them a preferred choice over other types of gloves. The market's consolidation is evident, with major players engaging in product development, mergers, and geographical expansion to strengthen their market presence.
Latex Medical Gloves Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Importance of Healthy and Safety Measures
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1.2.2 Growing Prevalance of Infections During Surgeries
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1.3 Market Restraints
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1.3.1 Higher Raw Material Cost
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Product Type
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2.1.1 Sterile Gloves
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2.1.2 Non-sterile Gloves
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2.2 By Applications
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2.2.1 Examination Gloves
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2.2.2 Surgical Gloves
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Latex Medical Gloves Market Size FAQs
What is the current Global Latex Medical Gloves Market size?
The Global Latex Medical Gloves Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Global Latex Medical Gloves Market?
Cardinal Health , McKesson Medical-Surgical Inc. , Valutek Inc, SHIELD Scientific and Ansell Ltd are the major companies operating in the Global Latex Medical Gloves Market.