Growing number of surgeries being performed is driving the growth of global surgical gloves market in the forecast period.
According to TechSci Research report, “Surgical Gloves Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”. The global surgical gloves market stood at USD3274.28 million in 2021 and is expected to grow at a CAGR of 11.94% during the forecast period. This can be ascribed to the growing awareness pertaining to spread of infection during surgical procedures among both surgeons and patients. Additionally, growing healthcare expenditure coupled with increasing health consciousness among the population worldwide is expected to further increase the demand for surgical gloves globally. Furthermore, supportive government policies & schemes for increasing awareness pertaining to both patient and healthcare professionals’ safety while performing a surgical procedure is further expected to spur the market growth over the next few years. Also, technological advancements and new product launches by major players operating in the market is further expected to support the market growth over the next few years. Furthermore, stringent regulatory scenario and policies for launching and marketing surgical gloves are expected to hamper market growth significantly. The surgical gloves are categorized by the FDA under the class I medical devices based on the level of control required for ensuring the safety & effectiveness of the device. All the surgical gloves being manufactured need to adhere to the Quality System Regulation (21 CFR part 820) and require a 510 (k) clearance or pre-market approval by the FDA prior to commercialization in the market. This process is quite stringent and tedious, which slows down the market growth due to delay in approvals from the FDA.
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The global surgical gloves market segmentation is based on type, origin, distribution channel, form, application, region and company. Based on type, the market can be segmented into nitrile, latex, neoprene and others. The nitrile segment dominated the market in 2021 with an overall market share of around 42.11% on account of the various benefits such as they are more solvent resistant as compared to latex gloves, chances of skin infections and allergies are lesser than other counterparts, among others associated with these gloves. In terms of distribution channel, the market can be fragmented into distributors/wholesalers, direct sales, drug stores/pharmacies, online stores and others. This can be due to the increasing advancements and outbreak of COVID-19 pandemic. Online distribution channels are gaining popularity since the last few years. People tend to shift their interest from offline shopping to online shopping. It is proved to be very convenient and fast mode to meet customer requirements. During the COVID-19 pandemic and strict lockdown measures, end users find it difficult to step out and buy surgical gloves. Hence, online distribution channel has proved to be a boon for all the healthcare professionals and individuals as it decreases the risk of infection. It is a safer and trusted distribution channel. Individuals and medical professionals get their required product from the comfort of their home. Various discounts, superior deals and cashbacks also attract the end user to shift their interest towards online distribution channels.
A partial list of leading market players, includes :
- Top Glove Corporation Bhd.
- Supermax Corporation Berhad
- Hartalega Holdings Berhad
- Cardinal Health, Inc.
- Semperit AG Holding
- Ansell Limited
- Motex Healthcare Corporation
- Medline Industries, Inc.
- 3M Company
- Honeywell International Inc.
- HL Rubber Industries Sdn Bhd
- Shandong Yuyuan Latex Gloves Co., Ltd.
- Sara Healthcare Pvt. Ltd.
- Careplus Group Berhad
- Jiangsu Cureguard Glove Co., Ltd.
- Kanam Latex Industries Pvt. Ltd.
- Mölnlycke Health Care AB
- Asma Rubber Products Pvt. Ltd.
- Guangzhou Junda Gloves Co., Ltd.
- Crown Healthcare (K) Ltd.
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“Asia Pacific region is expected to register the fastest growth during the forecast period. This can be attributed to the large and growing geriatric population in the region, which is susceptible to different kinds of chronic diseases such as cancer, cardiovascular diseases, neurological disorders, etc., especially in countries like China, India and Japan. Additionally, Asia Pacific region comprises of countries like China and India which are amongst the majorly populated countries across the world. The consumption of surgical gloves had increased in these countries due to rising awareness of clinical hygiene during surgical interventions.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Surgical Gloves Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027, Segmented By Type (Nitrile, Latex, Neoprene, Others), By Origin (Synthetic v/s Natural), By Distribution Channel (Distributors/Wholesalers, Direct Sales, Drug Stores/Pharmacies, Online Stores, Others), By Form (Non-Powdered v/s Powdered), By Application (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region”, has evaluated the future growth potential of global surgical gloves market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global surgical gloves market.
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