Market Research Report
Latex Medical Gloves Market - Growth, Trends, and Forecast (2020 - 2025)
|Latex Medical Gloves Market - Growth, Trends, and Forecast (2020 - 2025)|
Published: August 1, 2020
Mordor Intelligence Pvt Ltd
Content info: 111 Pages
Delivery time: 2-3 business days
The latex medical gloves market is anticipated to witness a CAGR of nearly 5.1% during the forecast period on account of increasing hygiene practices in the healthcare sector.
Surgical Gloves Segment Dominates the Market and is Expected to Continue the Same during the Forecast Period
The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
North America is the largest market for latex medical gloves, owing to the developed healthcare industry, increasing consumer awareness, government initiatives, and new product development. The market demand was followed by Europe. Implementation of hygiene measures on account of the stringent regulatory framework is expected to boost the overall market demand in Europe.
Asia-Pacific is expected to show steady growth throughout the forecast period. This growth can be attributed to developing healthcare facilities, which, in turn, is supposed to result in higher market demand over the forecast period. Upgrading public healthcare systems, as well as investments in new facilities, are expected to drive product demand in these countries.
The market for latex medical gloves is highly competitive and consists of global as well as local players. The competitive environment is marked by key players extensively deploying sustainability strategies. Ansel Ltd, Cardinal Health, McKesson Medical-Surgical Inc., and Valutek Inc. are some of the most notable companies. These companies are involved in new product development initiatives, mergers and acquisitions, and geographical expansion. Ansell, one of the major players in glove manufacturing, was earlier named as Dunlop. In December 2019, Ansell partnered with ProGlove at A+A Congress to enable the creation of innovative protection solutions, offering real-time data collection capabilities for precise and immediate information enabling compliance to safety recommendations.