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Pharmacy benefit management market
Examination Gloves Market REPORT OVERVIEW
Global Examination Gloves Market size was USD 20.8 Billion in 2023 and market is projected to touch 69.4 Billion by 2032, exhibiting a CAGR of 14.2% during the forecast period.
Examination Gloves is a part of standard precautions to prevent transmission of infections. It is available as either sterile or non-sterile. The rapid development in demand of disposable examination gloves in the health industry during virus outbreak is another factor that is likely to fuel the market growth. Increasing number of healthcare facilities in developing countries has expected to generate massive growth opportunities. In developing nation, the prevalence rate of contagious disease has been leading cause of mortality.
Medical gloves are personal protective kit intended to prevent spread of infection and contamination during patient examination and medical processes. Medical gloves are main component of PPE acting as a barrier to stop the spread of virus, bacteria from healthcare workers and patients and vice versa. Latex is basically a natural material extracted from sap of the rubber. The latex gloves are widely used in various fields such as examination, dental, food processing, sanitation and manufacturing industries. Introduction of recyclable and economical examination gloves by market players generates new opportunities within the forecast period. Companies should focus on bridging the gap between demand supplies. Contributors operating in current examination gloves market are expected to increase the production to fulfill the demand.
Increasing incidences of critical and chronic disease, joined with increasing concerns about safety and sanitation are the major factor to fuel the growth of medical gloves market during forecast period. The growing number of surgical procedures are expected to boost the industry demand. Government bodies across the world are increasingly being pressured to offer motivations to manufacturers operating in the examination glove market to boost production which results in increase in market share. However, lack of awareness and unhygienic medical practices in underdeveloped countries are expected to obstruct this growth.
COVID-19 Impact: strict regulations for the adoption of gloves increased the product consumption
Coronavirus being an infectious disease is highly contagious and can spread through touch. Protective equipment’s were made compulsory for all healthcare professionals such gloves, PPE kit and others. Guidelines by WHO included strict use of medical gloves for all healthcare procedures like examination, tests, routine check-up, surgical involvement and others. This resulted in high demand of medical gloves to safeguard patients and doctors. COVID-19 significantly impacted the demand for medical gloves for safety.
LATEST TRENDS
"Increase in use of gloves resulted in market growth"
Advancement in medical gloves has increased treatment and promoted the acceptance of medical gloves positively. COVID-19 significantly impacted the demand for medical gloves for safety. Use of double layer gloves instead of single layer will raise the demand lowering the risk factor. Rapid development in disposable gloves in healthcare sector will boost the market globally. The demand for the gloves over the past months has witnessed aggressive growth. Hospitals are highlighting on delivering different comprehensive training programs to create awareness regarding safety and hygiene among individuals. The key players are adopting various strategies like new product launches, merger, partnership, collaborations and geographical expansion to identify the interest of buyers and customer base.
Examination Gloves Market SEGMENTATION
- By Type
Depending on market given are latex gloves, PVC gloves, nitrile gloves, other.
Latex Gloves is the leading part of the type segment.
- By Application Analysis
According to application, the market can be segmented into hospitals and clinics.
Hospitals are the leading part of the application segment.
Driving Factors
"New technology to offer various growth opportunity"
The increasing in number of surgeries and infections across the globe has increased the demand of demand of latex examination globe market. Latex gloves are used in healthcare sector during medical procedures to prevent harmful bacteria and viruses they are highly comfortable and flexible. Hence it plays significant role in driving the market is rising awareness regarding health and safety and benefits of latex gloves. Introduction of recyclable and economical product by market players generates new opportunities within the forecast period.
"Increase in healthcare facilities to boost market growth"
Rise in healthcare facilities is expected to boost the examination gloves market growth during the forecast period. There is an increase in demand of medical gloves both among general public and among healthcare professionals. Governments across the world continues the search of essential protective equipment.
Restraining Factors
"Ban on powdered gloves to restrain market growth"
The major factor hampering the growth of the market is adverse effect associated with the use of surgical gloves. Ban on powdered gloves and rising reuse of disposable glove are some of the challenges restricting the implementation of medical & industrial gloves in the market.
Examination Gloves Market Regional Insights
"North America Region to dominate the Market due to the rising expenditure on healthcare"
North America is expected to hold maximum share in the market. Factors such as elderly population, increase in healthcare expenditure, and increasing awareness about infections among workers are developed while performing medical duties boost the market. Further Asia-Pacific region is emerging as a highest growing market due to the rising awareness, increasing patient population, the developing healthcare infrastructure creating a load of business opportunity in the forecast period.
Key Industry Players
"Key Players Focus on Effective methods to boost profit and productivity"
The key manufacturers of examination gloves have been developing sustainable products advance technology, cost effective products aids in boosting profit and productivity. Special benefits are introduced in the product which are introduced by Key players. Recent developments in the technology, mergers, partnership within the companies involved in designing of gloves market. Hospitals are highlighting on delivering different comprehensive training programs to create awareness regarding safety and hygiene among individuals. Analysis is conducted by key player arranging and monitoring the top competitors within the market framework.
LIST OF TOP EXAMINATION GLOVES COMPANIES
- Top Glove (Malaysia)
- Sri Trang Group (Thailand)
- Ansell (Australia)
- Halyard Health (U.S.)
- Kossan Rubber (Malaysia)
- INTCO Medical (China)
- Semperit (Austria)
- Supermax (Malaysia)
Report Coverage
The report covers the recent developments in the technology, mergers, partnership within the companies involved in designing of examination gloves market. Major companies operating the market are expected to focus on methods to enhance their production volume. Disposable gloves when discarded in water do not crumble or degrade for long period of time and cause contamination of water and endanger the aquatic environment. Increasing adoption of medical gloves for some examination procedures in the hospital have decreased the risk of cross contamination thus increasing patient obedience. Hospitals are highlighting on delivering different comprehensive training programs to create awareness regarding safety and hygiene among individuals. Government bodies across the world are increasingly being pressured to offer motivations to manufacturers operating in the examination glove market to boost production which results in increase in market share. However, lack of awareness and unhygienic medical practices in underdeveloped countries are expected to obstruct this growth. The report provides an in-depth analysis, current trends, and future estimations of the medical gloves.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 20.8 Billion in 2023 |
Market Size Value By |
US$ 69.4 Billion by 2032 |
Growth Rate |
CAGR of 14.2% from 2023 to 2032 |
Forecast Period |
2023-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the Examination Gloves Market expected to touch by 2032?
The global examination gloves market is expected to touch USD 69.4 Billion by 2032.
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What CAGR is the Examination Gloves Market expected to exhibit during 2024-2032?
The Examination Gloves Market is expected to exhibit CAGR of 14.2% during 2024-2032.
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What are the driving factors of the Examination Gloves Market?
Rise in healthcare facilities is expected to boost the market growth during the forecast period. Introduction of recyclable and economical examination gloves by market players generates new opportunities.
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Which are the top companies operating in the Examination Gloves market?
Top Glove, Sri Trang Group, Ansell, Halyard Health, Kossan Rubber, INTCO Medical , Semperit, Supermax are the top companies operating in the Examination Gloves market.