Growing export demands are driving the growth of the Vietnam Medical Gloves Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam Medical Gloves Market – By Region, Competition Forecast & Opportunities, 2027” Vietnam medical gloves market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on the account of growing demand for medical gloves from the practitioners as well as the patients. Sudden increase in the demand for the personal protection equipment is actively driving the growth of the Vietnam medical gloves market in the upcoming five years. Since the prevention of transmissible infections in clinical practice settings is a high priority due to rapidly increasing instances of infectious diseases. Pandemic caused due to outbreak of COVID-19 has further led the growth of the Vietnam medical gloves market in the next five years. Moreover, growing awareness about the hygiene, and consequences of viral infection along with the increasing demand for the better quality products are further supporting the growth of the Vietnam medical gloves market in the future five years. Top Glove Corporation Vietnam is the largest manufacturer and supplier of medical gloves and other personal protection equipment that help enhance safety and reduce contamination. Similar market players are also flooding the Vietnamese healthcare industry. Although the healthcare industry may struggle in the country due to lack of investments, personal protection equipment and medical gloves like products have strengthened the industry and aided to the growth of the market.
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The Vietnam medical gloves market is segmented by type, product type, material type, form, distribution channel, end user, competitional landscape, and regional distribution. Based on type, the market is further segmented into surgical and examination types of medical gloves. Examination type of medical gloves may register fastest growth in the upcoming five years and also hold largest revenue shares of the market, thus dominating the market segment in the upcoming five years due to pandemic conditions. Increase in the demand for medical gloves due to higher prevalence of the infectious diseases, and thus increasing patient count, their examination, and vaccination procedures all aid to the growth of the Vietnam medical gloves market in the upcoming five years. Surgical gloves may register significant growth on the account of increasing instances of surgical ventures in the country. Increasing chronic diseases often require surgical process and thus the growth in the demand.
Product type market segment is differentiated between reusable and disposable medical gloves. Disposable medical gloves may lead the market due to increased demand for the hygiene and contamination free services. Concerns toward cross contamination during surgeries or examination may aid to the growth of the market. Moreover, increasing instances of infectious diseases also substantiate the growth of the Vietnam medical gloves market in the future five years.
Distribution channel market segment is fragmented into hospitals & clinics, medical stores & pharmacies, online, and others. Hospitals & clinics are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher demands from the medical workers like doctors, nurses, examiners, physicians, etc. along with patients and their care takers. Also, higher patient burden may surge the demand and further aid the growth of the Vietnam medical gloves market in the next five years.
A partial list of major market players of the Vietnam medical gloves market includes
· VRG Khai Hoan JSC
· Top Glove Corporation Vietnam
· Nam Viet Gloves Joint Stock Co.
· Vietnam Joint Stock Company
· Riverside Holdings Limited
· White Glove Co., Ltd.
· Nacol Industrial Co., Ltd.
· Kotinochi JSC
· Viet Glove Corporation
· Chienmax Vietnam Co. Ltd
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“Hospitals & clinics are anticipated to hold the largest revenue shares of the market due to increasing demand for the product with respect to increasing surgical events. Moreover, recent COVID-19 pandemic further aided to the growing demands for the medical gloves. The medical gloves are advised to the healthcare professionals due to higher affinity of the viral infection and high mortality rate of the viral infection has raised the demands for medical gloves for practitioners as well as patients. Moreover, Vietnam has emerged as a dominating market for the personal protection equipment that include face masks and medical gloves. Availability of the resources, and cheap labor are also driving the Vietnam medical gloves market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Medical Gloves Market By Type (Surgical v/s Examination), By Product Type (Reusable v/s Disposable), By Material Type (Natural Rubber, Nitrile, Polyisoprene, Neoprene, Others), By Form (Powdered v/s Non-Powdered), By Distribution Channel (Hospitals & Clinics, Medical Stores & Pharmacies, Online, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Home Healthcare, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Vietnam medical 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 Vietnam medical gloves market.
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