Market Trends of Medical Gloves Industry
Chemotherapy Segment is Expected to Show a Significant Growth Over the Forecast Period.
- Medical gloves are used significantly in chemotherapy to minimize the potential mutagenic, carcinogenic, and teratogenic effects and occupational exposure to chemotherapy drugs. Utilization of personnel protective devices, especially the use of protective medical gloves, is a mainstay to avoid skin contact. The choice of appropriate gloves is of outstanding importance. For optimal protection in the oncology setting, it is essential to establish general guidelines evaluating appropriate materials and defining quality standards.
- Moreover, the demand for chemotherapy is expected to increase in the future as well due to the rising incidence of cancer. According to the American Cancer Society, in 2022, the estimated number of new cancer cases diagnosed was 1.9 million. Such a high incidence of cancer cases in the United States is expected to propel market growth in this region due to the increased adoption of chemotherapy.
- Furthermore, the rising strategies of market players are expected to drive segment growth. For instance, in October 2022, ASAP Innovations launched its X-TRA Thick Black glove at the A + A Exhibition in Dusseldorf, Germany. The glove has been approved for use throughout the European Union and in the United Kingdom and offers the highest protection against exposure to many commonly used chemotherapy drugs. Such launches and exhibitions of gloves used in chemotherapy will lead to increased adoption due to rising awareness, driving the segment growth.
- With the increasing demand for chemotherapy, the demand for chemotherapy-grade gloves is also expected to increase. This is also expected to boost market growth.
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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
- The North American market holds significant growth due to the improved healthcare infrastructure, the strong foothold of key market players, rising hospitals, and rising initiatives from the market players, among others.
- As per the National Ambulatory Care Reporting System (NACRS) in Canada in December 2022, there were almost 14.0 million unscheduled emergency department visits reported in Canada from April 2021 to March 2022. Such huge emergency visits in Canada are expected to drive growth in the region due to the increased adoption of medical gloves in emergency departments.
- Rising initiatives from the key market players are expected to drive market growth in the region. For instance, in September 2021, American Nitrile was an advanced manufacturing facility dedicated to producing nitrile gloves for healthcare, government, and industrial use to help meet the surging demand for medical and non-medical latex-free nitrile gloves. Furthermore, in June 2021, Medical Glove Company in the United States signed a USD 63.6 million contract with the Department of Defense (DOD), on behalf of Health and Human Services (HHS), to expand the domestic industrial base for nitrile glove production in the United States. Such initiatives are anticipated to drive market growth over the forecast period.
- Increasing hospital visits are the rising initiatives from the market players expected to increase the demand for medical gloves, which will boost the market growth in the region.
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