Medical Gloves Market Size, Share, Industry Trends and Forecast to 2030

Medical Gloves Market Size & CAGR in 2021

The global medical gloves market was valued at USD 6.95 billion in 2021 and is projected to grow at a CAGR of 8.5% from 2021 to 2028. The increasing awareness of the importance of hand hygiene and the rise in demand for medical gloves due to the COVID-19 pandemic are driving the market growth.

COVID-19 Impact on the Medical Gloves Market

The COVID-19 pandemic had a significant impact on the medical gloves market. The surge in demand for personal protective equipment, including medical gloves, to prevent the spread of the virus led to a shortage of supply worldwide. Manufacturers ramped up production to meet the increasing demand, leading to a temporary increase in prices.

Medical Gloves Dynamics

The medical gloves market is driven by factors such as the increasing prevalence of infectious diseases, growing awareness of safety and hygiene, and stringent regulations regarding the use of protective equipment in healthcare settings. Technological advancements in glove manufacturing and the development of eco-friendly and biodegradable gloves are also influencing market dynamics.

Segments and Related Analysis

The medical gloves market can be segmented based on type, material, application, and end user. By type, the market is categorized into examination gloves and surgical gloves. Nitrile, latex, and vinyl are the most commonly used materials for medical gloves. The market is further divided into hospitals, clinics, ambulatory surgical centers, and others based on end user.

By Region Analysis

The medical gloves market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the market in 2021 due to the high adoption of safety measures in healthcare facilities. Asia Pacific is expected to witness significant growth during the forecast period due to the increasing healthcare infrastructure and rising awareness about infection control.

Key Market Players and Competitive Landscape

Some of the key players in the medical gloves market include Ansell Healthcare, Top Glove Corporation, Hartalega Holdings Berhad, Kossan Rubber Industries, and Supermax Corporation. These companies are focusing on expanding their product portfolios, enhancing distribution networks, and adopting strategic collaborations to maintain their competitive position in the market.

Recent Happenings in the Medical Gloves Market

- In March 2022, Top Glove Corporation announced the launch of a new range of eco-friendly biodegradable gloves to address environmental concerns. - Ansell Healthcare introduced antimicrobial surgical gloves in February 2022 to reduce the risk of infections in surgical settings. - Hartalega Holdings Berhad expanded its production capacity in December 2021 to meet the growing demand for medical gloves globally. - Kossan Rubber Industries invested in research and development of innovative glove technologies in October 2021 to enhance product performance and safety standards. - Supermax Corporation collaborated with healthcare organizations in September 2021 to promote hand hygiene practices and the use of medical gloves for infection prevention.