Market Overview:
The Global Medical Exam Gloves Market size was valued at USD 9,830.00 Million in 2022 and is projected to reach USD 14,112.70 Million by 2030, growing at a CAGR of 4.10% from 2022 to 2030.
In the context of situations when sterility and cleanliness are necessary, exam gloves are the norm. Whether the user is at a medical facility or in another setting where there is a chance of contamination, exam gloves shield the wearer from biohazards, chemicals, and other potentially harmful substances. During examinations or other medical procedures, examination gloves are also intended to shield the patient from potential cross-contamination. Various sizes, thicknesses, and materials are available for the Vitality Medical line of exam gloves. Latex, vinyl, and nitrile examination gloves are the three different varieties available. Medical exam gloves are in high demand due to the advantages of latex gloves, such as their ability to prevent cross-contamination during examinations.
Top Key Players for the Medical Exam Gloves Market:
Ammex Corporation (US), McKesson(US), Diamond Gloves (US), Top Glove (Malaysia), Kimberly Clark (US), Lohmann & Rauscher (Germany), Cypress (US), Semperit (Australia), Intco Medical (China), Halyard Health (US), Ansell (Australia), Cardinal Health (US), V12 Health (US), Zhonghong Pulin (China), Unigloves (England), Hospeco (US), Medline Industries (US), and Other Major Players
Market Dynamics and Factors for Medical Exam Gloves Market:
Drivers:
Raising Consumer Awareness of Health and Safety Issues
The primary driver of market growth is the rise in the prevalence of infectious diseases, which is often accompanied by a rise in the number of surgical procedures. Another aspect that is anticipated to drive up demand for medical exam gloves in healthcare facilities is the threat of the spread of germs and blood-borne illnesses. For instance, one in 25 hospitalized patients in the United States gets a hospital-acquired disease (HAI), according to a 2020 article on Healthpeople.gov. Due to the high incidence of health risks in the country, health facility management and governments pay close attention to maintaining facility hygiene and preventive measures, which promotes successful market expansion.
Opportunities:
Global Prevalence of Chronic Diseases Growing
The prevalence of chronic diseases has led to a rise in hospital visits, which has boosted demand for goods globally. It has been noted that surgical procedures involving significant use of medical gloves, such as carotid endarterectomy, appendectomy, coronary artery bypass grafting (CABG), and circumcision, are being carried out more frequently in the US. They are therefore anticipated to increase industrial demand.
Segmentation Analysis of the Medical Exam Gloves Market:
By Type, the nitrile gloves segment is anticipated to grow at the fastest rate during the forecast period. Due to varying cost-effectiveness and accessibility. Additionally, nitrile gloves are mostly utilized in the medical field as a safety measure to stop the transmission of infection between caregivers and patients. Nitrile gloves have improved strength, lifespan, and better defense against bloodborne diseases, among other advantages.
By Application, the Hospital segment is anticipated to dominate the Market over the Forecast period. Market expansion is driven by the aging population, which is growing quickly, particularly in developed nations. Numerous geriatric illnesses also rise with an increase in the global geriatric population, which is thought to be a key reason for the market's expansion. Moreover, the increasing prevalence of hospital-acquired and other infections, such as AIDS and hepatitis is boosting the segment growth.
Regional Analysis of the Medical Exam Gloves Market:
North America is expected to dominate the Medical Exam Gloves Market over the Forecast Period. North America is anticipated to dominate the market for disposable medical gloves during the forecast period. The rise of the regional market is predicted to be fueled by factors like a strong healthcare industry, stringent governmental regulations, and growing consumer awareness. A further factor that is projected to contribute to the industry's growth is the rise in health problems brought on by unhealthy lifestyles.
Key Industry Development:
In April 2022, the hand protection company Unigloves launched a new nitrile disposable glove called BioTouch that combines chemical resistance, comfort, and grip with cutting-edge, ecologically friendly, biodegradable technology.
In September 2021, In Columbus, Ohio, American Nitrile launched a nitrile glove manufacturing facility. The most cutting-edge U.S. manufacturing facility for the production of nitrile gloves for healthcare, government, and industrial usage is being built by American Nitrile, a recently established firm with headquarters in Columbus, Ohio, to assist fulfill the soaring demand for latex-free medical and non-medical gloves.
