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The nitrile medical gloves market share is expected to increase to USD 3.09 billion from 2021 to 2026, at a CAGR of 7.4%.
This nitrile 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 nitrile medical gloves market segmentation by product (disposable and reusable) and geography (North America, Europe, Asia, and Rest of World (ROW)). The nitrile medical gloves market report also offers information on several market vendors, including 3M Co., Adenna LLC, Adventa Berhad, Amkay Products Pvt. Ltd., AMMEX Corp., Ansell Ltd., B. Braun SE, Cardinal Health Inc., Dynarex Corp., Hartalega Holdings Bhd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, MCR Safety, Medline Industries Inc., Rubberex Corp. (M) Berhad, Sara Healthcare Pvt. Ltd., Superior Glove Works Ltd., Top Glove Corp. Bhd, and Unigloves UK Ltd. among others.
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The rising concerns about hygiene and safety regarding HAIs is notably driving the nitrile medical gloves market growth, although factors such as volatile raw material prices and currency fluctuations 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 nitrile 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 Nitrile Medical Gloves Market Driver
Key Nitrile Medical Gloves Market Trend
Key Nitrile Medical Gloves Market Challenge
This nitrile 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 nitrile medical gloves market as a part of the global healthcare supplies market. 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 nitrile 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 nitrile medical gloves market encompasses successful business strategies deployed by the key vendors. The nitrile medical gloves market is fragmented and the vendors are deploying growth strategies such as focusing on the introduction of new products to compete in the market.
adventa.com.my - The company offers nitrile medical gloves such as powder-free nitrile examination gloves.
adventa.com.my - Through the healthcare business segment, the company offers healthcare and related products and services to hospitals, healthcare centers, and pharmacies.
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 nitrile 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 nitrile 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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30% of the market’s growth will originate from North America during the forecast period. the US is the key market for nitrile 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 implementation of stringent regulations to control cross-contamination in hospitals and other healthcare facilities, the enhanced distribution and supply of nitrile medical gloves, and the growing demand for antimicrobial gloves will facilitate the nitrile 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 severely impacted North America in 2020. Thus, to curb the spread of the disease, governments of countries such as the US, Canada, and Mexico imposed stringent lockdown restrictions that led to a ban on cross-border movements and disruptions in supply chain and logistics operations for nitrile medical gloves, which hindered the growth of the nitrile medical gloves market in 2020. Following the initiation of large-scale vaccination drives, the number of COVID-19 cases declined in H1 2021, following which the growth of the nitrile medical gloves market in North America stabilized owing to the easing of lockdown restrictions and the restoration of supply chains.
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The nitrile medical gloves market share growth by the disposable segment will be significant during the forecast period. The growing concern for safety and hygiene, coupled with the advent of novel manufacturing technologies to make temperature-and rupture-resistant medical gloves and those that can check latex-associated infections, are fueling the adoption of disposable nitrile medical gloves globally. Furthermore, growing healthcare infrastructure and facilities and increasing awareness among healthcare professionals regarding the utility of disposable nitrile medical gloves are expected to lead to a rise in the demand for these gloves in the global nitrile medical gloves market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nitrile medical gloves market size and actionable market insights on post COVID-19 impact on each segment.
Nitrile Medical Gloves Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.4% |
Market growth 2022-2026 |
$ 3.09 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.97 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 30% |
Key consumer countries |
US, UK, Germany, France, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Adenna LLC, Adventa Berhad, Amkay Products Pvt. Ltd., AMMEX Corp., Ansell Ltd., B. Braun SE, Cardinal Health Inc., Dynarex Corp., Hartalega Holdings Bhd, Kimberly Clark Corp., Kossan Rubber Industries Bhd, MCR Safety, Medline Industries Inc., Rubberex Corp. (M) Berhad, Sara Healthcare Pvt. Ltd., Superior Glove Works Ltd., Top Glove Corp. Bhd, and Unigloves UK Ltd. |
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. |
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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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