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The latex medical gloves market share is expected to increase by USD 4.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.66%.
This latex medical gloves market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers latex medical gloves market segmentation by product (disposable and reusable) and geography (North America, Europe, Asia, and Rest of World (ROW)). The latex medical gloves market report also offers information on several market vendors, including Ansell Ltd., B. Braun SE, Cardinal Health Inc., Clean Grip ( Malaysia) Sdn. Bhd, Dynarex Corp., Hartalega Holdings Bhd, Kanam Latex Industries Pvt. Ltd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, Mercator Medical SA, Owens and Minor Inc., Raclac SA, Rubberex Corp. (M) Berhad, Semperit AG Holding, SHIELD Scientific BV, Thermo Fisher Scientific Inc., Top Glove Corp. Bhd, Troge Medical GmbH, UG Healthcare Corp. Ltd., and Valutek Inc. among others.
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The rising concerns on hygiene and safety from HAIs is notably driving the latex medical gloves market growth, although factors such as the adverse impacts of latex medical gloves may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the latex medical gloves industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Latex Medical Gloves Market Driver
Key Latex Medical Gloves Market Trend
Key Latex Medical Gloves Market Challenge
This latex medical gloves market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global latex medical gloves market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies such as consumables and disposables like safety needles, syringes, and catheters. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the latex medical gloves market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the latex medical gloves market encompasses successful business strategies deployed by the key vendors. The latex medical gloves market is fragmented and the vendors are deploying growth strategies such as engaging in product expansion activities and investing heavily in developing allergy-free gloves to compete in the market.
trogemedical.de - The company offers medical devices, medicines, and a range of new products such as TRO-ARTEROCATH safety, TRO-CAN Safety, among others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The latex medical gloves market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the latex medical gloves market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for latex medical gloves in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.
The presence of advanced healthcare facilities, growing concerns about safety and hygiene practices in healthcare facilities, rising incidences of various acute and chronic diseases, and the growing number of surgeries will facilitate the latex medical gloves market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 increased the demand for various healthcare supplies, including medical disposable gloves in the region. Since the demand for latex medical gloves from front-line workers and transportation workers increased, the regional market witnessed a surge in growth. The pandemic situation led to such a high demand for medical disposable gloves that even ramping up its production capacity had not been adequate enough to address the substantial supply-demand imbalance in the market.
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The latex medical gloves market share growth by the disposable segment will be significant during the forecast period. The latex medical disposable gloves segment may face competition from substitutes such as nitrile, vinyl gloves, and polyisoprene gloves during the forecast period. Nitrile medical gloves are manufactured using synthetic nitrile butadiene rubber (NBR) and are preferred among end-users as they are less expensive, stronger, puncture-resistant, and chemical-resistant (particularly, petroleum-based products) than latex medical gloves.
This report provides an accurate prediction of the contribution of all the segments to the growth of the latex medical gloves market size and actionable market insights on post COVID-19 impact on each segment.
Latex Medical Gloves Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.66% |
Market growth 2022-2026 |
$ 4.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.97 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ansell Ltd., B. Braun SE, Cardinal Health Inc., Clean Grip ( Malaysia) Sdn. Bhd, Dynarex Corp., Hartalega Holdings Bhd, Kanam Latex Industries Pvt. Ltd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, Mercator Medical SA, Owens and Minor Inc., Raclac SA, Rubberex Corp. (M) Berhad, Semperit AG Holding, SHIELD Scientific BV, Thermo Fisher Scientific Inc., Top Glove Corp. Bhd, Troge Medical GmbH, UG Healthcare Corp. Ltd., and Valutek Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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