Market Size of Medical Gloves Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.30 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
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?
Medical Gloves Market Analysis
The medical gloves market is expected to register a CAGR of 6.3% over the forecast period.
- Covid-19 significantly impacted the medical gloves market due to the extensive use of medical gloves during the pandemic to avoid infections. As a result, the supply of medical gloves was depleted, resulting in a rise in demand for medical gloves. According to the study published in Health Science Reports in March 2021, healthcare professionals were on the front lines of the COVID-19 pandemic and were more susceptible to infection than the general public.
- Face masks, gloves, and other components help to lessen that risk in healthcare workers. This might have further impacted the market growth during the pandemic. However, people have also worn gloves while engaging in routine tasks like going to the grocery store, a pharmacy, or riding public transportation. This has been reduced during the late pandemic, causing a slight decline in the market post-pandemic.
- The factors driving the medical gloves market are the rise in the number of hospital visits and surgeries and the increasing incidence of infections.
- The healthcare structure in developing countries is improving, and as a result, awareness regarding medical facilities is also increasing. This has resulted in an increasing number of hospital visits and surgeries. For instance, according to the National Center for Health Statistics, in October 2022, the percentage of adults who had a visit with a doctor or other healthcare professional in 2021 was 82.3%. Such a huge visiting percentage of patients in hospitals is anticipated to drive market growth due to the increased adoption of medical gloves during patient care in hospitals.
- The rising number of surgeries is also expected to drive market growth over the forecast period. For instance, according to Organisation for Economic Co-operation and Development (OECD) in January 2023, the number of surgeries performed in European countries such as Denmark, Ireland, and Portugal in 2021 were 49,308, 32,844, and 94,872, respectively. Such a huge number of surgeries in developed countries will drive market growth due to the increased adoption of medical gloves during surgeries.
- Furthermore, the rising initiatives from the key market players are expected to bolster market growth. For instance, in July 2021, Honeywell and Premier Inc entered a collaboration to expand the domestic production of nitrile exam gloves. This new collaboration is expected to produce at least 750 million domestically made nitrile exam gloves in the first year alone. Such initiatives will lead to driving market growth due to the rise in the adoption of nitrile exam gloves in healthcare settings.
- Therefore, the factors such as the rising number of surgeries and hospital visits, increased incidence of infections, and rising initiatives from the market players, among others, are expected to drive the market growth. However, the presence of counterfeit and sub-standard gloves in the market and the potential risk of contamination due to inappropriate disposal of gloves are the factors expected to hinder the market growth.
Medical Gloves Industry Segmentation
As per the scope of the report, medical gloves are disposable gloves used during medical examinations and procedures to help prevent cross-contamination between caregivers and patients.
The medical gloves market is segmented by type (powdered and non-powdered), material (natural rubber gloves, nitrile gloves, vinyl gloves, others), application (medical examination, surgery, chemotherapy, others), and geography(North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
The report offers the value (in USD million) for the above segments.
By Type | |
Powdered | |
Non-Powdered |
By Material | |
Natural Rubber Gloves | |
Nitrile Gloves | |
Vinyl Gloves | |
Other Materials |
By Application | |
Medical Examination | |
Surgery | |
Chemotherapy | |
Other Applications |
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Medical Gloves Market Size Summary
The medical gloves market is poised for significant growth, driven by factors such as the increasing number of hospital visits, surgeries, and the rising incidence of infections. The COVID-19 pandemic played a pivotal role in amplifying the demand for medical gloves, as their use became essential in preventing infections among healthcare professionals and the general public. This surge in demand led to a temporary depletion of supply, but post-pandemic, the market experienced a slight decline as the heightened usage in everyday activities diminished. However, the ongoing improvement of healthcare infrastructure in developing countries and the growing awareness of medical facilities are contributing to a steady increase in hospital visits and surgeries, which in turn is expected to bolster market growth. Additionally, initiatives by key market players, such as collaborations to expand domestic production of nitrile exam gloves, are further propelling the market forward.
In the oncology sector, the demand for chemotherapy-grade gloves is anticipated to rise due to the increasing incidence of cancer, necessitating the use of protective gloves to minimize exposure to chemotherapy drugs. The North American market, in particular, is expected to witness substantial growth, supported by a robust healthcare infrastructure and proactive measures by market players to meet the surging demand for medical gloves. The competitive landscape is characterized by numerous local and global players, with companies like Top Glove Corporation Bhd, 3M Company, and Cardinal Health Inc. actively engaging in initiatives such as product launches and strategic agreements to enhance supply assurance. These dynamics, coupled with the rising need for medical gloves in various healthcare settings, are set to drive the market's expansion over the forecast period.
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 Rise in Number of Hospital Visits and Surgeries
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1.2.2 Increasing Incidence of Infections
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1.3 Market Restraints
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1.3.1 Presence of Counterfeit and Sub-standard Gloves in the market
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1.3.2 Potential Risk of Contamination due to Inappropriate Disposal of Gloves
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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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
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2.1 By Type
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2.1.1 Powdered
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2.1.2 Non-Powdered
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2.2 By Material
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2.2.1 Natural Rubber Gloves
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2.2.2 Nitrile Gloves
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2.2.3 Vinyl Gloves
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2.2.4 Other Materials
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2.3 By Application
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2.3.1 Medical Examination
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2.3.2 Surgery
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2.3.3 Chemotherapy
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2.3.4 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East & Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East & Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Medical Gloves Market Size FAQs
What is the current Medical Gloves Market size?
The Medical Gloves Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Medical Gloves Market?
Top Glove Corporation Bhd, 3M Company, Mckesson Corporation, Cardinal Health, Inc. and B. Braun SE are the major companies operating in the Medical Gloves Market.