Global disposable medical gloves market is expected to witness a high growth on account of increasing hygiene practices in the healthcare sector. The overall market is projected to grow at an approximate CAGR of 6% from 2016 to 2024.
Medical gloves help in protecting patients and physicians from cross-contamination during medical examinations. These products are made up of polymers including latex, rubber, neoprene and vinyl.
Disposable gloves have proved to be very useful in medical sector on account of their low cost, hygiene, and safety. The first disposable hand glove was introduced in the year 1964. Increasing awareness on cleanliness drives the global market for disposable gloves.
Over the decades, products made up of natural fibers were mostly used. These products were considered for reuse with the help of sterilization. Any negligence in maintaining
the gloves germ-free led to cross-contamination.
The introduction of disposable gloves which are supposed to be used on a single patient became very popular owing to its low risk of contamination. Such factors are expected to drive the global demand for overall market growth.
Along with the patients, surgeries offer a threat to surgeons. Physicians examining patients suffering from contagious diseases need to maintain hygiene for personal safety. Disposable gloves act as a shield which protects them from contagious infection.
Moreover, some chemotherapy drugs are dangerous to handle with bare hands. Trends have shown that medical professionals have been implementing double gloving to reduce the risk of failure on account of wear and tear.
Similar kind of policies expected to drive further the overall industry demand in near future. Risks associated with these products are the major challenges faced by the manufacturers. Some polymers are found to be one of the leading causes of irritation for some physicians.
It reduces the precision during surgeries. Powdered surgical gloves cause problems associated with breathing and wound inflammation. Proper recycling of used products is
another major concern for the manufacturers.
Used materials offer threats during the recycling process. Used gloves form a part of municipal waste and possess a threat to the civil hygiene if not disposed of properly. Such factors are expected to restrain global industry demand over the forecast period.
Counterfeit products are sold in high number and are very low cost. They lack in quality and often lead to punctures. These imitated products not only hamper the manufacturers but are also a threat to the patients.
Apart from medical applications these products have been used for other purposes as well which provide excellent opportunities for overall market growth. These products find application in forensic research, crime scenes investigation and other applications including animal husbandry and food processing industry.
Technological advancement has resulted in supporting utilities made up of a high-quality polymer. New raw materials are being developed which offer high wear and tear resistance. The global market is segmented by raw material which includes nitrile rubber, latex, vinyl, and neoprene.
Further, segmentation is also done by the form which consists of powered and unpowered. Food and Drug Administration (FDA) regulates the products nature and makes sure that they meet the needed performance criteria.
In 2016, FDA has decided to put a ban on powdered surgical gloves on account of their breathing effects. Healthcare systems in Germany and the UK have also imposed a ban on these products.
North America was the largest market for these medical instruments owing to the developed healthcare industry, increasing consumer awareness, government initiatives, and new product development. The market demand was followed by Europe.
Implementation of hygiene measures on account of the stringent regulatory framework is expected to boost the overall market demand in Europe.
Emerging economies in Asia-Pacific mainly India, China, South Korea, and Japan are projected to show a steady growth rate in medical product usage on account of developing healthcare facilities which in turn is supposed to result in higher market demand over the forecast period.
India and China are projected to offer significant opportunities an account of healthcare infrastructure improvement and growing number of private hospitals. In Africa, industry is expected to grow at a lower rate owing to lack of healthcare sector development initiatives and expensive medical services.
Central and South America is anticipated to increase at the stable rate mainly on account of high cost coupled with minimal awareness by the regional government.
Key major players in the global market are Ansell Healthcare, Hartalega Holdings Berhad, Kossan Rubber, AdventaBerhad, Top Glove Corporation, Cardinal Health, and Dynarex Corporation.
Ansell, one of the major players in glove manufacturing, was earlier named as Dunlop. The company specializes in the vehicle tires, healthcare and industrial application gloves manufacturing.
Disposable products require a proper inventory management system to reduce costs arising on account of stocks holding. Therefore, inventory management by manufacturers as well as supplier plays a crucial role in strengthening disposable medical gloves business.
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