PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420401
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420401
The global medical gloves market has witnessed a remarkable valuation of US$ 9.14 billion in 2024, and it is projected to reach a staggering US$ 17.1 billion by the end of 2031, exhibiting a robust CAGR of 10% over the next decade. The findings, detailed in a comprehensive study conducted by Fairfield Market Research, highlight North America as the dominant regional market.
Medical gloves play a crucial role in mitigating the risk of infections, acting as a protective barrier against bacteria, germs, and pathogens. As a result, their demand has surged not only in traditional healthcare settings but also in unconventional industries such as diagnostic centers, veterinary clinics, home care facilities, and clean rooms.
The market is primarily driven by factors such as stringent worker safety regulations, a heightened focus on hygiene across various end-use industries, and the increasing prevalence of medical tourism. The medical tourism industry in the UAE, for instance, generated an impressive US$ 3.29 billion in 2018, demonstrating a positive impact on the demand for medical gloves.
While the demand for medical gloves continues to rise, certain challenges need to be addressed. The adverse effects associated with the use of powdered latex gloves, including allergic reactions and respiratory complications, pose a restraint on market growth. Moreover, product recalls and stringent regulations, such as the FDA's ban on powdered gloves due to health risks, contribute to the challenges faced by the industry.
United States: The United States stands as the largest market in North America, commanding a substantial market share of 90.5% in 2021. The country's advanced healthcare system, a focus on reducing healthcare-associated infections, and the high demand for quality gloves in surgical practices are key factors contributing to its leadership position.
Malaysia: The Malaysian market for medical gloves is evolving at a remarkable CAGR of 7.5%. The country's abundance of rubber trees and government support have positioned Malaysia as a leading manufacturer of gloves. The surge in demand, particularly during the COVID-19 pandemic, has further accelerated production.
The medical gloves market is highly fragmented, with numerous players competing in the production sphere. Key companies profiled in the study include Top Glove Corporation Bhd, Ansell, Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Bhd, and others. Industry players are adopting strategies such as mergers & acquisitions, partnerships & collaborations, and new product launches to meet consumer demand and expand their market presence.
Key Companies Profiled
Medical Gloves Industry Research Segmentation
Fabric Supported Gloves
Industrial & Household Gloves
Natural Rubber (NR)
Nitride Rubber (NBR)
Polyvinyl Chloride (PVC)
Natural Rubber (NR)
Synthetic
Chloroprene
Isoprene
Acute Care
Laboratory Services
Research Services
Food Processing
Commercial Manufacturing
Cleanroom Application
Household Application