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The US Disposable Gloves Market size is estimated to grow by USD 1.01 billion at a CAGR of 6.16% between 2023 and 2028. The market experiences growth driven by an increasing number of surgical procedures and heightened hygiene and safety concerns to prevent hospital-acquired infections. The widespread availability and affordability of disposable gloves further contribute to market expansion, ensuring their widespread adoption across healthcare facilities. However, challenges emerge from growing competition and pricing pressure among key vendors, impacting profit margins and market dynamics. Moreover, volatile raw material prices and currency fluctuations pose additional hurdles to market stability and profitability. Furthermore, the rising availability of counterfeit products for disposable gloves presents risks to product quality and consumer safety, necessitating stringent quality control measures and regulatory enforcement. Addressing these challenges requires strategic pricing strategies, supply chain optimization, and enhanced quality assurance measures to sustain market growth while ensuring product integrity and safety.
There is a high demand for disposable gloves during medical examinations and surgical procedures to prevent cross-contamination between caregivers and patients due to their widespread availability, ease of use, and affordability. In addition, they are widely available on different e-commerce platforms, including Alibaba, eBay, and Amazon. Furthermore, the Marketing of disposable gloves via social media enables end-users, including hospitals, clinics, diagnostic centers, physicians' offices, and ASCs, to simplify the purchase process by comparing the prices and features of different products. Hence, such factors are positively impacting the US disposable gloves market.
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Technavio has segmented the market into Application, Distribution Channel, and Material.
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
The medical segment is estimated to witness significant growth during the forecast period. There has been a rapid surge in demand for disposable medical gloves across the world, including in the US due to the COVID-19 outbreak. In addition, medical disposable gloves are single-use hand protection gloves used during examinations, surgeries, and chemotherapy to prevent cross-contamination infection risks between caregivers and patients. Furthermore, these gloves are made of different materials, such as latex, nitrile rubber, vinyl rubber, and polyisoprene.
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The medical segment was the largest segment and was valued at USD 1.75 billion in 2018. Moreover, factors such as population growth, the increasing prevalence of chronic diseases, and the rising number of surgical procedures have led to a rise in the number of hospitals and ambulatory surgery centers (ASCs) across the world. In addition, more than 100 ASCs were opened or announced in the first half of 2022 in the US. Furthermore, several factors, including an increase in reimbursements, expansion of the list of procedures approved by the Centers for Medicare and Medicaid Services (CMS), and continued outpatient migration, are the major reasons for the growing popularity of ASCs. Hence, the establishment of new ASCs is expected to fuel the growth of this segment, which in turn will drive the US disposable gloves market growth during the forecast period.
The offline segment includes drug stores, hospitals, and clinics. In addition, drug stores are one of the most common offline distribution channels for disposable gloves. Moreover, customers prefer buying disposable gloves from drug stores, which sell high-quality products that comply with safety standards. Furthermore, it is essential for hospitals to provide disposable gloves to their doctors, nurses, and other medical staff to help control the spread of infectious diseases in their facilities. In addition, clinics are opting for direct-to-consumer strategies and are forming collaborations with manufacturers to increase their popularity. Hence, such factors are fuelling the growth of this segment which, in turn, will drive the US disposable gloves market growth during the forecast period.
The high degree of convenience fuels the online distribution channel of the disposable gloves market in the US. In addition, end-users can effortlessly choose their desired products from a large product portfolio through online distribution channels. Moreover, they can compare products and collect detailed information on products, as well as provide and receive feedback. Furthermore, the growth of the online distribution channel is supported by the high degree of Internet penetration and the increased adoption of smartphones globally. In addition, with the increasing footprint of e-commerce across the country, most major companies are opting for omnichannel retailing by adding e-retail distribution channels to their proprietary distribution networks. Hence, such factors are fuelling the growth of this segment which, in turn, will drive the US disposable gloves market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AMMEX Corp: The company offers disposable gloves such as nitrile, latex and vinyl gloves.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the market growth is the hygiene and safety concerns to prevent hospital-acquired infections. It is imperative to address hygiene and safety concerns in healthcare to prevent hospital-acquired infections (HAIs). In addition, HAIs occur in hospitals as well as long-term care, home care, and ambulatory care facilities.
Moreover, this is due to various factors, including an increasing number of morbidities and mortality rates, the transmission of drug-resistant bacteria, prolonged duration of hospital stays, disease outbreaks, and the prevalence of poor infection-control practices. In addition, the implementation and adoption of infection-control programs and practices in healthcare settings are recommended to avoid HAIs. Furthermore, it is essential for healthcare professionals to use personal protective equipment (PPE), including gloves, gowns, face masks, protective eyewear, and face shields, to reduce occupational infection transmissions. Hence, such factors are driving the US disposable gloves market growth during the forecast period.
A key factor shaping the market growth is the focus on providing anti-microbial technology. There is an increasing focus on reducing the risk of contamination by most food service establishments. In addition, the increased focus on food safety has influenced vendors of food service disposable gloves to introduce new and improved features that can address the requirements of food service establishments across the world.
For instance, several market players have launched anti-microbial disposable gloves, which can significantly reduce the transfer of microbes from gloves to food items and, thereby, aid in increasing the shelf life of the gloves. In addition, these anti-microbial gloves (AMG) are designed based on a microbe-killing mechanism. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the US disposable gloves market growth during the forecast period.
Volatile raw material prices and currency fluctuations are some of the key challenges hindering the US disposable gloves market growth. The fluctuation in raw material prices is destabilizing the supply chain and making it tough for manufacturers to manage their sourcing costs. In addition, several factors such as capacity constraints, stockpiling by users, new regulations, unfavorable environment, foreign exchange rates, seasonal drops and spikes, and economic crises cause raw material price fluctuations.
Moreover, the production of disposable gloves requires raw materials such as nitrile, latex, polychloroprene, and vinyl. In addition, there is an increase in price volatility of raw materials across the world due to the fluctuating consumer demand for disposable gloves, shortage of raw material supplies, and price speculation. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the US disposable gloves market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
US Disposable Gloves Market Scope |
|
Report Coverage |
Details |
Page number |
144 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.16% |
Market Growth 2024-2028 |
USD 1.01 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.57 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMMEX Corp., Ansell Ltd., Broner Inc., Bunzl Plc, Cardinal Health Inc., Cole Parmer, Dynarex Corp., HARPS Holdings Berhad, McKesson Corp., Medline Industries LP, MRK healthcare Pvt. Ltd., Owens and Minor Inc., Primus Gloves Pvt. Ltd., Smith and Nephew plc, Superior Glove Works Ltd., Thermo Fisher Scientific Inc., UG Healthcare Corp. Ltd., WellCare International Inc., Supermax Corp. Berhad, and Top Glove Corp. Bhd |
Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Material
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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