The sterile gloves market in APAC share is expected to increase by USD 248.66 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 10.04%. This sterile gloves market in APAC research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The sterile gloves market in APAC report also offers information on several market vendors, including Ansell Ltd., B. Braun Melsungen AG, Cardinal Health Inc., Dynarex Corp., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, Molnlycke Health Care AB, Owens & Minor Inc., Supermax Corp. Berhad, and Top Glove Corp. Bhd among others. Furthermore, this report extensively covers sterile gloves market in APAC segmentation by material (synthetic gloves and natural rubber gloves) and geography (Japan, China, Australia, India, and Rest of APAC).
What will the Sterile Gloves Market In APAC Size be During the Forecast Period?
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Sterile Gloves Market In APAC: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing incidence of infectious and contagious diseases is notably driving the sterile gloves market in APAC growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sterile gloves market in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sterile Gloves Market In APAC Driver
The increasing incidence of infectious and contagious diseases will fuel the growth of the sterile gloves market size in APAC. Infectious diseases such as influenza, common flu, severe acute respiratory syndrome (SARS), tuberculosis, and Coronavirus Disease (COVID-19), among others, are increasing significantly across APAC. The COVID-19 pandemic and various other infectious diseases increase the demand for diagnostic tests in order to provide the necessary treatment to patients. Healthcare professionals associated with the collection of specimens from infected patients need proper protection to prevent themselves from getting infected. Sterile gloves are used as part of the overall personal protective equipment (PPE) worn by healthcare professionals to reduce the chances of contamination. Although sterile gloves are majorly used in aseptic procedures, the increased chances of infection due to contact with patients with infectious and contagious diseases while performing various medical procedures are spurring the demand for sterile gloves from healthcare providers. This, in turn, is boosting the growth of the sterile gloves market in APAC.
Key Sterile Gloves Market In APAC Trend
Growing adoption of double-gloving is a major trend fueling the sterile gloves market growth. Sterile gloves find significant demand due to their increasing use among healthcare professionals. Sterile medical gloves, including examination and surgical gloves, are important in protecting healthcare professionals as well as patients by preventing the chances of an infection. Although gloves are used as personal protective equipment and as a safety barrier, the increasing incidence of perforations during surgical procedures and the growing probability of needlesticks and sharp injuries due to the use of surgical instruments are unavoidable. Such incidents may increase the chances of SSIs. To reduce the chances of contamination and prevent infection, healthcare providers are focusing on double-gloving. Double-gloving is witnessing a rise, especially among surgeons, to deal with the problem of glove perforation while carrying out surgical procedures. Thus, double-gloving has a huge positive impact on the overall adoption of surgical gloves, which is expected to spur demand for sterile gloves.
Key Sterile Gloves Market In APAC Challenge
One of the key factors impeding sterile gloves market growth in APAC is volatility in raw material prices. Latex, rubber, and nitryl are the most commonly used raw materials for the manufacture of medical gloves, including sterile gloves. Fluctuations in raw material prices and currency fluctuations may disrupt the supply chain and create difficulties for the manufacturers of medical gloves in sourcing and managing the cost of raw materials. Various factors such as new regulations, the outbreak of epidemics or pandemics, capacity constraints, economic crises, and variations in foreign currency exchange rates may lead to fluctuations in the supply and prices of raw materials. The prices of the raw materials used to produce medical gloves, including sterile gloves, vary, depending on demand. In recent years, the world, including APAC, is witnessing the rising volatility in the prices of raw materials, owing to the fluctuations in demand for medical gloves, price speculation, and the shortage in the supply of raw materials. The selling price of medical gloves depends on the cost of the raw materials used. Therefore, currency fluctuations and volatility in raw material prices increase the operating cost of sterile glove manufacturers, thereby adding to the production cost of the gloves. This, in turn, is expected to hamper the growth of the overall medical gloves market, including the sterile gloves market in APAC in the coming years.
This sterile gloves market in APAC 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 2021-2025.
Parent Market Analysis
Technavio categorizes the sterile gloves market in APAC 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 sterile gloves market in APAC during the forecast period.
Who are the Major Sterile Gloves Market In APAC Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ansell Ltd.
- B. Braun Melsungen AG
- Cardinal Health Inc.
- Dynarex Corp.
- Kimberly-Clark Corp.
- Kossan Rubber Industries Bhd
- Molnlycke Health Care AB
- Owens & Minor Inc.
- Supermax Corp. Berhad
- Top Glove Corp. Bhd
This statistical study of the sterile gloves market in APAC encompasses successful business strategies deployed by the key vendors. The sterile gloves market in APAC is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
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 sterile gloves market in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Sterile Gloves Market In APAC Value Chain Analysis
Our report provides extensive information on the value chain analysis for the sterile gloves market in APAC, 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.
The value chain of global healthcare supplies market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Sterile Gloves Market In APAC?
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29% of the market’s growth will originate from Japan during the forecast period. Japan, China, Australia, India, and Rest of APAC are the key markets for sterile gloves market in APAC in Japan. Market growth in this region will be faster than the growth of the market in regions.
Factors such as the increasing incidence and prevalence of infectious diseases, growing healthcare expenditure, and rising awareness among healthcare professionals will facilitate the sterile gloves market in APAC growth in Japan 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.
What are the Revenue-generating Material Segments in the Sterile Gloves Market In APAC?
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The sterile gloves market share growth in APAC by the synthetic gloves segment will be significant during the forecast period. The synthetic glove segment in the sterile gloves market in APAC includes nitrile, vinyl, polyurethane, and neoprene, which are used as materials for manufacturing medical gloves. Factors such as the growing number of surgical procedures will contribute to the growth of the segment during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the sterile gloves market size in APAC.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sterile gloves market in APAC size and actionable market insights on post COVID-19 impact on each segment.
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Sterile Gloves Market In APAC Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.04% |
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Market growth 2021-2025 |
$ 248.66 million |
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Market structure |
Concentrated |
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YoY growth (%) |
9.80 |
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Regional analysis |
Japan, China, Australia, India, and Rest of APAC |
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Performing market contribution |
Japan at 29% |
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Key consumer countries |
Japan, China, Australia, India, and Rest of APAC |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ansell Ltd., B. Braun Melsungen AG, Cardinal Health Inc., Dynarex Corp., Kimberly-Clark Corp., Kossan Rubber Industries Bhd, Molnlycke Health Care AB, Owens & Minor Inc., Supermax Corp. Berhad, and Top Glove Corp. Bhd |
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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 forecast period |
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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. |
What are the Key Data Covered in this Sterile Gloves Market In APAC In Regional Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive sterile gloves market in APAC growth during the next five years
- Precise estimation of the sterile gloves market in APAC size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sterile gloves market in APAC across Japan, China, Australia, India, and Rest of APAC
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sterile gloves market in APAC vendors
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