Surgical Gloves Market Overview
The key drivers impacting the surgical gloves market is the growing incidences of several chronic and acute diseases such as cancer, diabetes, obesity, heart disease across the globe. According to National Center for Biotechnology Information (NCBI ), around one in three adults suffer from multiple chronic conditions (MCCs). By the WHO report, chronic disease comprises 60% of the global burden of disease by 2020. Globally, cancer is the second leading cause of death and accounts for 6 million deaths in 2018. There are 1 in 6 deaths that occurred due to cancer.
The global surgical gloves market size was valued at USD 2500 million by 2019 and showcase a CAGR of 7% during the forecast period of 2020-2026.
In addition to this, the growing geriatric population prone to chronic diseases and their subsequent need to undergo surgery across the globe is anticipated to increase the surgical gloves demand under the forecast period. According to the World Health Organization (WHO), over 234.2 million significant surgeries are conducted worldwide on an annual basis. The increase in the number of surgeries will, in turn, boost the market growth. Moreover, increasing awareness of safety and hygiene during surgeries will boost the market growth in the projected years.
The growing demand due to the rise in surgical procedures such as coronary angioplasty, heart valve replacement, and coronary artery bypass graft across the globe is also estimated to be an important determinant adding growth to the market. Also, the current trend of maintaining complete hygiene and safety among healthcare professionals is considered the key factor that positively impacts the market. However, the disparity in supply and demand and fluctuating prices may hamper the global surgical gloves industry in the long run. The current industry trends, such as the growing usage of disposable surging gloves, rising healthcare expenditure, and patient awareness towards surgical procedures, create new market opportunities for the key players.
The surgical gloves market is vast, with a large number of local and global players. The key leaders follow various strategies to improve their market position, such as mergers, acquisitions, expansions, and improved quality products at the best prices to enhance their market share across the world. For instance, In January 2020, Medline acquired Médi-Sélect in Quebec. It is a distributor of medical and dental supplies such as surgical gloves, defibrillators, IV catheters, and many more. This acquisition will allow Medline Canada to attain a foremost position in the market. The report studies some key players of the global surgical gloves market in detail, covering the company profile, product list, and financial information. The dominating key players included in the report are Top Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, Kossan Rubber Industries Bhd., Cardinal Health, Inc., Ansell Limited, Berner International GmbH, Erenler Medikal, Medline Industries, Inc., Leboo Healthcare Products Limited, Sun Healthcare Sdn Bhd (Adventa Berhad) always been the initial targets of surgical gloves companies and many others.
In this market research report, the market is segmented by product, form, usage, sterility, distribution channel, end-use, and region.
Analysis By Product
By product, the report is categorized into latex gloves, nitrile gloves, vinyl gloves, neoprene gloves, and others. A latex glove dominates the product segment in 2019 with a maximum market share of 40% in terms of revenue. It is expected to maintain its dominancy over the forecast period due to factors such as elasticity and improved touch sensitivity. Also, latex gloves are highly used for conducting several complicated surgical procedures. Moreover, surgical gloves' various advantages include flexibility and durability of latex gloves compared to other gloves.
Analysis By Form
By form, the report is categorized into powder-free gloves and powdered gloves. Powdered - free dominate the form segment in 2019 with a maximum market share of 80%. It is due to the better ergonomic features provided by the powder-free surgical gloves. Also, it undergoes a chlorination process that helps in putting on and removing the gloves easily. Moreover, it offers better dextricity that helps in enhancing the flexibility and comfort of surgeons at the time of surgery.
Analysis By Usage
By usage, the report is categorized into disposable gloves and reusable gloves. Disposable gloves are expected to experience the fastest growth over the forecast period in 2019. It is due to disposable gloves plays a crucial role in preventing the pathogens from spreading on a routine basis. Moreover, these gloves protect the healthcare professionals in medicals, hospitals, and veterinary offices from unknown viruses or health hazards by averting cross-contamination risks.
Analysis By Sterility
By sterility, the report is categorized into sterile gloves and non-sterile gloves. Sterile gloves segment in 2019 with a maximum market share of 55%. Due to the improved quality and strict packaging laws, with high adoption of sterile gloves is expected to increase over the forecast period. Also, the growing preference for sterile surgical gloves in surgical procedures protects the surgeon and patient from cross-contamination.
Analysis By End-User
By end-user, the report is categorized into Hospitals, Clinics, Ambulatory Surgery Centers, Diagnostic Centers, Others. Hospitals dominate the end-user segment in 2019 with a maximum market share. It is due to the wide product usage across the healthcare industry as it assists doctors in preventing cross-contamination and transmission of pathogens during surgeries and medical examinations.
Analysis By Region
In the regional outlook of the global surgical gloves market, North America dominates with maximum shares in 2019. North America region is the significant region globally driving the market share over a forecast period. The rising number of the musculoskeletal system and cardiovascular surgeries, the rise in the number of ambulatory surgical centers, and the growing prevalence of chronic diseases are the primary growth factors contributing at a regional level. For instance, in 2019, ongoing chronic diseases affect over 133 million Americans. It is anticipated to cross 157 million, with 81 million having multiple conditions by the end of 2020. The APAC market is anticipated to record considerable growth during the forecast period due to the growing prevalence of chronic diseases and the expanding geriatric population in the region.
Market Segmentation covered in the Report:
- Latex Gloves
- Nitrile Gloves
- Vinyl Gloves
- Neoprene Gloves
- Powder-free Gloves
- Powdered Gloves
- Disposable Gloves
- Reusable Gloves
- Sterile Gloves
- Non-sterile Gloves
- Ambulatory Surgery Centers
- Diagnostic Centers
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.