A three-pronged approach was followed for deducing the disposable medical gloves market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for disposable medical gloves market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of disposable medical gloves market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The disposable medical gloves market was categorized into four segments, namely material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene), application (Examination, Surgical), end-use (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).
The disposable medical gloves market was segmented into material, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The disposable medical gloves market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty countries, namely, the U.S.; Canada; Mexico; Germany; France; Russia; Spain; Italy; UK; China; Japan; India; Australia; Indonesia; South Korea; Brazil; Argentina; UAE; Saudi Arabia; South Africa
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The disposable medical gloves market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Ansell Ltd.: The company provides protection equipment & solutions and operates through three business segments, namely industrial, medical, and single-use solutions. As of 2019, the company had established offices and manufacturing plants across 52 countries, with major corporate hubs in the U.S., Belgium, Malaysia, and Australia, and over 13,000 employees working globally. It caters its products and protection solutions to various industries including construction, oil & gas, mining, healthcare, automotive, life sciences, food processing, military, and chemical. The company’s medical segment offers products such as surgical gloves, medical gloves, examination gloves, and healthcare devices. The industrial segment provides protective solutions such as suits, clothing, gloves, and respiratory products.
Top Glove Corporation Bhd: The company was founded in 1991 and is headquartered in Shah Alam, Malaysia. The company is engaged in the manufacturing and distribution of gloves. Its product portfolio includes latex, nitrile, vinyl, household, cleanroom, cast polyethylene (CPE), and surgical gloves. Apart from gloves, it also offers face masks, dental care products, and sexual wellness products. In addition, the company has formed a partnership with Global Doctors to form the TGGD Medical & Dental Clinic which provides dental, specialist, and primary care services to the community of Setia Alam. The company has an annual gloves production capacity of 100 billion pieces, approximately 26% of the estimated world consumption. It operates manufacturing plants in Malaysia, China, Thailand, and Vietnam, which include 50 factories and 800 production lines.
Supermax Corporation Berhad: The company was founded in 1987 and is headquartered in Sungai Buloh, Malaysia. It is a manufacturer and distributor of gloves. The company exports its products to over 160 countries. It has eight distribution centers in the U.S., Canada, Brazil, Germany, the UK, Singapore, Hong Kong, and Japan, and collaborates with over 1,200 independent distributors across the world. The company produces gloves under the brand names Aurelia, Supermax, Maxter, Medic-dent, and Supergloves. Aurelia is the brand name for its disposable gloves. The company has an annual manufacturing capacity of 24 billion pieces. Its disposable gloves find application in dental, medical, laboratory, industrial protection, automotive, and food service sectors.
Semperit AG Holding: The company is involved in designing and manufacturing products from rubber for the industrial and medical sectors. Semperit AG Holding operates through four strategic business segments, namely, Sempermed, Semperflex, Sempertrans, and Semperform. Sempermed, manufactures gloves for medical and industrial applications, Semperflex manufactures hydraulic and industrial hoses, Sempertrans, manufactures & provides conveyor belt technology, and Semperform, manufactures and provides sealing technology for construction, industrial, household, and piping profiles.
Hartalega Holdings Berhad: The company’s business is focused on the manufacturing and distribution of gloves. Its product portfolio comprises nitrile and latex gloves. The company offers its products to various industries including food, healthcare, and semiconductors. It is one of the largest manufacturers of nitrile gloves in the world. The company has a manufacturing capacity of 35 billion gloves per annum and has planned to expand its capacity to 44.6 billion gloves by June 2020. As of December 2019, it had 7,800 employees working across 8 manufacturing facilities. The company has regional offices in the U.S., Australia, India, and China.
Dynarex Corporation: The company provides disposable medical products along with durable medical equipment catering to markets such as athletic, hospital, lab, school, veterinary, dental, homecare, pharmacy, and various others. Apart from disposable surgical gloves, the company offers a large product line for advanced wound care, respiratory, infection control, dental, orthopedics, patient apparel, urological, and various others. The company also provides bathroom safety equipment, home care beds, patient rooms, and other durable medical equipment.
Cardinal Health: was established in 1971 and is headquartered in Ohio, U.S. It is a manufacturer and distributor of health products and services for health systems, hospitals, pharmacies, clinical laborites, ambulatory surgery centers, and physician offices. As of December 2019, it had over 50,000 employees across 46 countries. It ranked 16 in the Fortune 500 list of companies. The company distributes healthcare products directly to consumers in the U.S. The company produces personal protective apparel including disposable gloves, which are produced under the brand names of Protexis, Duraprene, and CR & CP series. The company manufactures latex, nitrile, neoprene, and polyisoprene single-use gloves.
Kossan Rubber Industries Bhd: The company is a manufacturer and distributor of rubber products. Its product portfolio includes molded rubber, polyurethane products, extruded rubber, and gloves. The company distributes its products to over 130 countries in North America, Europe, and Asia Pacific. It has an annual manufacturing capacity of more than 28 billion pieces of gloves. The company has 20 manufacturing facilities, of which 19 are located in Malaysia and 1 is located in China. As of December 2019, the company has over 7,000 employees worldwide. The company produces disposable gloves under the brand names Pureshield, Intouch, Chemax, and 7th Sense, which find application in medical, dental, tattoo, EMS, salon, and automotive industries.
B. Braun Melsungen AG: The company provides pharmaceutical products, medical technologies, and medical services to hospitals and health institutions. It operates in over 64 countries and had 64,585 employees worldwide as of December 2019. It has divided its business into four segments, namely B. Braun Hospital Care, B. Braun Aesculap, B. Braun Out Patient Market, and B. Braun Avitum. The B. Braun Hospital Care segment produces single-use surgical gloves. The company manufactures latex, polyisoprene, and polychloropene single-use gloves under the brand name Vasco, which find application in surgical procedures.
Rubberex: The company was founded in 1987 and caters to household, industrial, professional, and food handling applications. Headquartered in Malaysia, they have an employee base of 854 facilitating the production within a single location. The company has a sales network in over 100 countries and apart from a disposable range of gloves, they provide a large range of household and industrial gloves made of latex, nitrile, and neoprene. Rubberex complies with International Standards for medical, food, and personal protection and food contact requirements for manufacturing its products.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2022, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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