Isolator Gloves Market Report Overview
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The global isolator gloves market size was USD 136.4 million in 2021 and is expected to touch USD 277.87 million by 2031, exhibiting a CAGR of 7.4% during the forecasted period.
Isolator gloves are dry one-piece gloves used to handle objects in an enclosed environment. This isolator allows for manipulating substances that should be contained within a high purity inert atmosphere, such as argon or nitrogen. The demand for these gloves will increase soon as these gloves have several applications in the healthcare, power, chemical, and energy sectors. The rising investments in research & development for innovations by investors and companies is a driving factor of the market.
The product is segmented into type and application divisions. The type segment consists of nitrile, EPDM, and Butyl isolator gloves, while the application segment consists of electronics, pharmaceutical, chemical, and laboratory sectors. These gloves are manufactured with stainless steel and glass windows. Several other materials are used to construct these gloves, such as aluminum, sheet metal, and other advanced materials, which increase the product's desirability and drive market growth.
COVID-19 Impact: Tests and Trials for Vaccines Spurred Market Growth
The global COVID-19 pandemic has been unprecedented & staggering, with isolator gloves experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR can be attributed to isolator gloves market growth demand returning to pre-pandemic levels after the pandemic is over.
Due to the spread of the pandemic, several research and development activities took place to find out about the virus in circulation and develop vaccines to combat it. Using isolator gloves in clinical trials and experiments by scientists and physicians in hospitals and laboratories has driven the market growth of the medical and pharmaceutical industry, thus increasing product revenues and development over the last two years. Therefore, the pandemic significantly boosted the industry with increased demand and supply.
LATEST TRENDS
"Wide-ranging Applications in Different Sectors to Lead Market Growth"
The wide-ranging applications of isolator gloves in several sectors such as healthcare, pharmaceutical, chemical, food, and laboratory industries will propel the product's market growth during the forecast period. Product advantages such as chemical resistance and improved abrasion against various materials are also significant factors driving the market growth and share. North America and the Asia Pacific are major regions that will lead the market share and development of the industry. Thus, these two regions are potential markets for investments, and investors should consider investments in the region.
Isolator Gloves Market Segmentation
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- By Type
The market is categorized based on types into nitrile, hypalon, EPDM, neoprene, latex, butyl, and others.
- By Application
Based on applications, the market is subcategorized into electronics, pharmaceutical, food, chemical, and laboratory.
DRIVING FACTORS
"Technological Advancements to Lead Market Growth"
The availability of isolator gloves in various polymers such as natural rubber and latex will drive the isolator gloves market growth as demand for versatile gloves increases. These gloves can resist severe chemical effects on the product. Improved abrasion with the development of new products and technological advancements will thus lead the market growth and share. Therefore, it is a potential investment market with positive prospects as research and development continue to take place for innovations and improved product features.
"Rise in Clinical Trials and Studies to Drive Market Growth"
The rise in clinical trials during the pandemic has boosted the demand and supply of isolator gloves worldwide. Clinical trials are being conducted at a rapid pace with technological advancements and government initiatives that are motivating industry players to enter the drug development sector for the healthcare industry. The gloves are therefore being used in high quantities as they are made of safe materials and can resist contaminants that damage the product. Thus, these factors will drive product growth and market share.
RESTRAINING FACTORS
"Pandemic Recession to Hamper Market Growth and Share"
The pandemic recession and the development of vaccines worldwide will hamper the market growth of the gloves as major regions are demanding product lift restrictions and movement curbs. North America was driving the global demand for gloves due to the severe healthcare collapse. However, the region is revamping its healthcare and research activities, with demand for gloves at a two-year low. With China being the principal manufacturer for the last two years, countries aim to be self-sufficient in production. Thus, investors must consider these factors before investing in the product.
Isolator Gloves Market Regional Insights
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"North America to Lead Market Share Owing to Increased Production"
The North American region will lead the isolator gloves market share due to increased gloves production with the rise of manufacturers and producers in the area. Leading industry players are directing the market growth and share of the industry, thus increasing product revenues and profits for investors and manufacturers worldwide. The rise in demand for gloves is attributed to the spike in the U.S.'s product demand. Thus, the region is a hotspot for future investments.
KEY INDUSTRIAL PLAYERS
The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes thorough research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. North America will lead the production with the largest market share. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change.
List of Market Players Profiled
- Ansell (Australia)
- PIERCAN (U.S.)
- Renco Corporation (U.S.)
- Safetyware Group (Malaysia)
- Inert Corporation (U.S.)
- Jung Gummitechnik (Germany)
- Terra Universal (U.S.)
- Honeywell (U.S.)
- Nichwell (U.S.)
- Hanaki Rubber
INDUSTRY DEVELOPMENT
January 2022: France-based company Jacomex has launched its new generation of isolator glove boxes with several innovations and designs of the product. The purification units and advanced product features will propel the product demand and supply in the European region as investors look to diversify their investment options. The rise in the company's research and development activities with technical optimization and operator protection will lead to the company's product growth.
REPORT COVERAGE
The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating financial and technical market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information is an approximate estimation of the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, key industry developments, and an analysis of risks in the hemoperfusion production industry.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 136.4 Million in 2021 |
Market Size Value By |
US$ 277.87 Million by 2031 |
Growth Rate |
CAGR of 7.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the isolator gloves market expected to touch by 2031?
The global isolator gloves market is expected to touch USD 277.87 million by 2031.
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What is the CAGR that the isolator gloves market is expected to exhibit by 2031?
The market is expected to exhibit a CAGR of 7.4% by 2031.
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What are the driving factors of the isolator gloves market?
Technological advancements, innovations, clinical trials, various products used in the production and manufacturing process, and wide-ranging applications are the driving factors of the market.
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Which are the leading companies operating in the isolator market?
Ansell, PIERCAN, Renco Corporation, Safetyware Group, Inert Corporation, Jung Gummitechnik, Terra Universal, Honeywell, Nichwell, and Hanaki Rubber are the leading companies operating in the market.