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The latex medical gloves market size is forecast to increase by USD 3.51 billion, at a CAGR of 7.08% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The medical gloves market encompasses a diverse range of applications, extending from dental clinics to healthcare facilities, food processing, and various industries. The continuous evolution of market dynamics is driven by the ongoing demand for superior microorganism barrier and barrier protection, hand hygiene, and bacterial protection. Manufacturers prioritize antimicrobial properties, quality control, and adherence to standards such as USP Class VI and ASTM D6978. In healthcare facilities, the emphasis on infection control fuels the growth of the market for medical gloves, including surgical and examination gloves. The debate surrounding latex sensitivity persists, leading to increased production of alternatives, such as reusable gloves and industrial gloves.
The importance of supply chain management, shelf life, and raw material sourcing further shapes market trends. The demand for enhanced puncture resistance and chemical resistance pushes manufacturers to innovate, leading to advancements in manufacturing plants and the integration of viral protection. As the market continues to unfold, the focus on U.S. Food and Drug Administration (FDA) regulations, CE marking, and tensile strength remains crucial. The integration of these elements ensures the ongoing provision of essential protection for various sectors.
The latex medical gloves industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The disposable segment is estimated to witness significant growth during the forecast period.
Disposable medical gloves, primarily made from natural latex, are a crucial component in various industries, including healthcare facilities and food processing. Manufactured using high-quality natural rubber latex (NRL), these gloves offer superior microorganism barrier and bacterial protection, ensuring hand hygiene and infection control. The use of NRL gloves dates back to 1890, with their popularity surging in the late 1980s due to their essential role in preventing the transmission of blood-borne diseases, such as HIV. These gloves provide excellent comfort and dexterity, boasting impressive tensile and tear strength, a low modulus, and minimizing hand fatigue. In surgical settings, natural latex gloves are the preferred choice for handling biological and water-based materials.
The market for these gloves is expected to grow steadily during the forecast period, driven by their high demand and the preference of medical professionals for their superior barrier protection and antimicrobial properties. Raw material sourcing and quality control are essential factors in the manufacturing process, with stringent regulations, such as USP Class VI and ASTM D6978, ensuring the production of safe and effective gloves. Additionally, supply chain management, puncture and chemical resistance, and ce marking are crucial considerations for manufacturers. Despite latex sensitivity concerns, the market for healthcare and industrial gloves continues to evolve, with an emphasis on innovation and continuous improvement.
The Disposable segment was valued at USD 5.54 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is driven by the increasing demand for effective barrier protection in various industries, including healthcare facilities and food processing. In 2023, North America held the largest market share, with the US and Canada being significant contributors. Advanced healthcare infrastructure, a focus on hand hygiene and infection control, and a growing number of surgeries fuel the market's growth in this region. Key players include Thermo Fischer Scientific Inc. And other manufacturers ensuring USP Class VI and ASTM D6978 standards for microorganism barrier and tensile strength. Reusable gloves offer cost savings but require rigorous quality control, while disposable gloves prioritize shelf life and puncture resistance.
Antimicrobial properties and viral protection are essential for healthcare and surgical gloves, ensuring ce marking and infection control. The market's evolution involves supply chain management, raw material sourcing, and adherence to regulations like CE marking and USP Class VI. Latex sensitivity remains a consideration for manufacturers, necessitating manufacturing plants to prioritize safety and production efficiency.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The latex medical gloves market forecasting 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 latex medical gloves market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, latex medical gloves market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Ansell Ltd. - This company specializes in manufacturing and supplying a diverse range of medical gloves, including TouchNTuff 69 210, TouchNTuff 69 318, MICROFLEX SafeGrip SG 375, MICROFLEX Diamond Grip MF 300, MICROFLEX Diamond Grip Plus DGP 350, MICROFLEX MicroOne MO 150, MICROFLEX L22, and MICROFLEX Black Dragon BD 100L. These gloves cater to various industries and applications, showcasing the company's commitment to providing high-quality, innovative solutions for medical professionals.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 industry 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.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Latex Medical Gloves Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
Market growth 2024-2028 |
USD 3506.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.49 |
Key countries |
US, UK, China, Canada, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this latex medical gloves market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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