Source: Fortune Business Insights
Pune, India, Nov. 24, 2021 (GLOBE NEWSWIRE) -- The global disposable medical gloves market size is projected to reach USD 11.52 billion by 2027, exhibiting a CAGR of -0.19% during the forecast period. The market is expected to gain impetus from the increasing awareness about health and safety, especially amid the COVID-19 pandemic. Medical gloves or disposable gloves are used by medical practitioners during surgical or examining procedures.
A recent report by Fortune Business Insights titled, “Disposable Medical Gloves Market Size, Share & COVID-19 Impact Analysis, By Application (Surgical and Examination), By Material (Latex and Synthetic), By Category (Powdered and Powder-free) End User (Hospitals & Clinics, Diagnostic/Pathology Labs, and Others), and Regional Forecast 2020-2027,” states that the market will hit USD 11.52 billion by the end of 2027 from USD 5.98 billion in the year 2019. The forecast period is set between 2020 and 2027, and the market is expected to rise at a CAGR of -0.19%, a negative growth rate, reflecting strong growth in the year 2020 due to the COVID-19 impact.
Growing Awareness about Personal Hygiene amid Covid-19 to Propel the Market
The increasing use of disposable gloves in the healthcare sector for personal health safety has propelled the medical gloves market growth. Additionally, the outbreak of several epidemics, especially the current COVID-19 pandemic and its emerging health threats, has further increased the demand for disposable medical gloves from both the general public and healthcare professionals, thereby boosting market growth. This, coupled with the increasing adoption of disposable gloves by various end-user industries such as beauty and skincare, food and beverage industry, and others, will also add impetus to the market in the coming years.
On the flip side, long-term exposure to medical gloves may result in skin rashes, irritation, itchiness, and other skin issues, thereby hampering the market in the coming years. Nevertheless, increasing efforts by market players to launch user-friendly disposable gloves made from different materials are likely to create lucrative business opportunities for the market in the coming years.
North America Held Largest Share Backed by Stringent Health & Safety Regulations
Geographically, North America generated USD 2.68 billion in revenue and emerged as the region with the highest disposable medical gloves market share in 2019, by Europe. This is attributable to the growing awareness about prevention of healthcare-related infections. The increasing demand for better quality polyisoprene medical gloves for surgical purposes is also giving a boost to the regional market growth.
On the other hand, Asia Pacific will emerge as the fastest-growing region in the market on account of the increasing adoption of Nitrile Powder Free Gloves
for medical examination procedures. This is further attributable to the decline in the cost of nitrile gloves and their puncture-resistance features. Furthermore, the market in the Middle East and Africa is expected to rise significantly in the coming years on account of the rising medical awareness and expenditure on infrastructural development.
