Saudi Arabia Disposable Medical Gloves Market, By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, Others), By Application (Examination, Surgical), By End-User (Hospitals, Outpatient/Primary Care Facilities, Home-care Settings, Others)Tre
Description
Saudi Arabia Disposable Medical Gloves Market, By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, Others), By Application (Examination, Surgical), By End-User (Hospitals, Outpatient/Primary Care Facilities, Home-care Settings, Others)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Saudi Arabia Disposable Medical Gloves Market to Grow at 7% by 2028
The Saudi Arabia disposable medical gloves market is growing at a high CAGR because of the growing concern towards safety and hygiene. Additionally, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also pushing the market forward…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the Saudi Arabia disposable medical gloves market is estimated to grow at a CAGR of 7% during 2022 - 2028. Growth in the market is anticipated predominantly on account of growing concerns towards safety and hygiene. Furthermore, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also strengthening the market. The rising demand for the disposable medical gloves market after the COVID-19 outbreak and expanding production capacities by manufacturers is anticipated to boost the market growth during the forecast period. However, rising concern towards medical waste generated by single-use disposable medical gloves may act as a huge restraining factor for the market growth.
Flourishing Online Sales Channels Anticipated to Drive Saudi Arabia Disposable Medical Gloves Market Growth
The mobility restrictions imposed by the Saudi Government to curb the spread of the COVID-19 virus halted the distribution channel for the country’s disposable medical gloves market. To overcome this hurdle, the disposable medical gloves manufacturers and suppliers quickly resorted to online sales channels to boost the supply of their products. Due to online channels, suppliers can track local demands and produce and supply products accordingly, which is a favorable factor for the Saudi Arabia disposable medical gloves market.
Potential Growth in the Medical Tourism Expected to Provide Lucrative Growth Opportunities to the Market
The medical tourism industry in Saudi Arabia is not very popular. However, it has all the basic and advanced medical amenities, such as well-equipped hospitals, established private health care sector, foreign-trained doctors, etc., to make it a desired medical tourism destination. Since Saudi Arabia's economy is rapidly diversifying, the government has become more focused on attracting medical tourists for procedures and treatments. Saudi Arabia's demand for disposable medical gloves is likely to rise as a result over the forecast period.
Saudi Arabia Disposable Medical Gloves Market - By End-User
Based on end-users, Saudi Arabia disposable medical gloves market is segmented into hospitals, outpatient/primary care facilities, home-care settings, and others. The hospital segment accounts for the largest market share due to the developed healthcare infrastructure and stringent government regulations that make it mandatory for healthcare workers to wear disposable medical gloves to prevent the chances of cross-contamination with patients. Furthermore, the increasing number of in-patient treatments due to the increasing prevalence of chronic diseases and surgical procedures is anticipated to drive the disposable medical gloves market growth in the forecast period.
Impact of COVID-19 on Saudi Arabia Disposable Medical Gloves Market
The sudden COVID-19 pandemic outbreak offered tremendous growth opportunities to the Saudi Arabia disposable medical gloves market. The demand for disposable medical gloves spiked in the hospitals and diagnostic centers due to the highly communicable behavior of the COVID-19 virus. The domestic disposable medical gloves manufacturers also expanded their production capacities and global players boosted their imports to meet the growing demand for disposable medical gloves in Saudi Arabia. Furthermore, the companies also shifted to an online sales model to increase accessibility during the mobility restrictions. These factors significantly proliferated the growth of the Saudi Arabia disposable medical gloves market.
Competitive Landscape
The leading players in the Saudi Arabia disposable medical gloves market are Plasti Surge Industries Pvt. Ltd., Sterimed Medical Devices Pvt. Ltd., KSA Modern Eastern, Med Means Trading, VPRO WEAR, United Medical Industries Co. Ltd. United Medical Industries Co. Ltd., REDASafe, Ugg Gloves, Raqwani Medicals, Top Glove Corporation Berhad, and other prominent players.
The Saudi Arabia disposable medical gloves market is highly fragmented due to the presence of various regional and global industry players. The market participants are significantly investing in expanding their production capacities post the COVID-19 outbreak to boost their sales and revenue. They are also opting for online sales channels and third-party distributors to increase their product penetration in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Saudi Arabia Disposable Medical Gloves Market to Grow at 7% by 2028
The Saudi Arabia disposable medical gloves market is growing at a high CAGR because of the growing concern towards safety and hygiene. Additionally, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also pushing the market forward…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the Saudi Arabia disposable medical gloves market is estimated to grow at a CAGR of 7% during 2022 - 2028. Growth in the market is anticipated predominantly on account of growing concerns towards safety and hygiene. Furthermore, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also strengthening the market. The rising demand for the disposable medical gloves market after the COVID-19 outbreak and expanding production capacities by manufacturers is anticipated to boost the market growth during the forecast period. However, rising concern towards medical waste generated by single-use disposable medical gloves may act as a huge restraining factor for the market growth.
Flourishing Online Sales Channels Anticipated to Drive Saudi Arabia Disposable Medical Gloves Market Growth
The mobility restrictions imposed by the Saudi Government to curb the spread of the COVID-19 virus halted the distribution channel for the country’s disposable medical gloves market. To overcome this hurdle, the disposable medical gloves manufacturers and suppliers quickly resorted to online sales channels to boost the supply of their products. Due to online channels, suppliers can track local demands and produce and supply products accordingly, which is a favorable factor for the Saudi Arabia disposable medical gloves market.
Potential Growth in the Medical Tourism Expected to Provide Lucrative Growth Opportunities to the Market
The medical tourism industry in Saudi Arabia is not very popular. However, it has all the basic and advanced medical amenities, such as well-equipped hospitals, established private health care sector, foreign-trained doctors, etc., to make it a desired medical tourism destination. Since Saudi Arabia's economy is rapidly diversifying, the government has become more focused on attracting medical tourists for procedures and treatments. Saudi Arabia's demand for disposable medical gloves is likely to rise as a result over the forecast period.
Saudi Arabia Disposable Medical Gloves Market - By End-User
Based on end-users, Saudi Arabia disposable medical gloves market is segmented into hospitals, outpatient/primary care facilities, home-care settings, and others. The hospital segment accounts for the largest market share due to the developed healthcare infrastructure and stringent government regulations that make it mandatory for healthcare workers to wear disposable medical gloves to prevent the chances of cross-contamination with patients. Furthermore, the increasing number of in-patient treatments due to the increasing prevalence of chronic diseases and surgical procedures is anticipated to drive the disposable medical gloves market growth in the forecast period.
Impact of COVID-19 on Saudi Arabia Disposable Medical Gloves Market
The sudden COVID-19 pandemic outbreak offered tremendous growth opportunities to the Saudi Arabia disposable medical gloves market. The demand for disposable medical gloves spiked in the hospitals and diagnostic centers due to the highly communicable behavior of the COVID-19 virus. The domestic disposable medical gloves manufacturers also expanded their production capacities and global players boosted their imports to meet the growing demand for disposable medical gloves in Saudi Arabia. Furthermore, the companies also shifted to an online sales model to increase accessibility during the mobility restrictions. These factors significantly proliferated the growth of the Saudi Arabia disposable medical gloves market.
Competitive Landscape
The leading players in the Saudi Arabia disposable medical gloves market are Plasti Surge Industries Pvt. Ltd., Sterimed Medical Devices Pvt. Ltd., KSA Modern Eastern, Med Means Trading, VPRO WEAR, United Medical Industries Co. Ltd. United Medical Industries Co. Ltd., REDASafe, Ugg Gloves, Raqwani Medicals, Top Glove Corporation Berhad, and other prominent players.
The Saudi Arabia disposable medical gloves market is highly fragmented due to the presence of various regional and global industry players. The market participants are significantly investing in expanding their production capacities post the COVID-19 outbreak to boost their sales and revenue. They are also opting for online sales channels and third-party distributors to increase their product penetration in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Table of Contents
117 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Key Market Segments
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.2. Methodology
- 2.3. Regional Split of Primary & Secondary Research
- 2.4. Secondary Research
- 2.5. Primary Research
- 2.5.1. Breakdown of Primary Research Respondents, By Region
- 2.5.2. Breakdown of Primary Research Respondents, By Industry Participants
- 2.6. Market Size Estimation
- 2.7. Assumptions for the Study
- 2.8. Market Breakdown & Data Triangulation
- 3. Executive Summary
- 4. Industry Insight and Growth Strategy
- 4.1. Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Market Drivers
- 4.2.1.1. Rising Demand for In-Patient Treatment and Surgical Procedures
- 4.2.1.2. Stringent Government Regulations for Safety and Hygiene
- 4.2.2. Market Restraints
- 4.2.2.1. Increasing Pollution by Discarded Disposable Medical Gloves
- 4.2.3. Market Challenges
- 4.2.3.1. Highly Competitive Price due to Domestic Production
- 4.2.4. Market Opportunity
- 4.2.4.1. Flourishing Online Sales Channels
- 4.2.4.2. Potential Growth in The Medical Tourism
- 4.3. Recent Developments
- 4.4. Porter’s Five Forces Analysis
- 4.4.1. Bargaining Power of Buyers
- 4.4.2. Bargaining Power of Suppliers
- 4.4.3. Intensity of Rivalry
- 4.4.4. Threat of New Entrants
- 4.4.5. Threat of Substitutes
- 5. Saudi Arabia Disposable Medical Gloves Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.2. Market Size and Forecast, By Segment
- 5.2.1. By Material
- 5.2.1.1. Natural Rubber
- 5.2.1.2. Nitrile
- 5.2.1.3. Vinyl
- 5.2.1.4. Neoprene
- 5.2.1.5. Polyethylene
- 5.2.1.6. Others
- 5.2.2. By Application
- 5.2.2.1. Examination
- 5.2.2.2. Surgical
- 5.2.3. By End-User
- 5.2.3.1. Hospitals
- 5.2.3.2. Outpatient/Primary Care Facilities
- 5.2.3.3. Home-care Settings
- 5.2.3.4. Others
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Market Share Analysis (2021)
- 6.3. Competitive Benchmarking by Operating Parameters
- 7. Impact of COVID-19 on Saudi Arabia Disposable Medical Gloves Market
- 8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 8.1. Plasti Surge Industries Pvt. Ltd.
- 8.2. Sterimed Medical Devices Pvt. Ltd.
- 8.3. KSA Modern Eastern
- 8.4. Med Means Trading
- 8.5. VPRO WEAR
- 8.6. United Medical Industries Co. Ltd.
- 8.7. REDASafe
- 8.8. Uggloves
- 8.9. Raqwani Medicals
- 8.10. Top Glove Corporation Berhad
- 8.11. Other Prominent Players
- 9. Key Strategic Recommendations
- List of Figures
- Figure 1: Saudi Arabia Disposable Medical Gloves Market Segmentation
- Figure 2: Saudi Arabia Disposable Medical Gloves Market Value Chain Analysis,
- Figure 3: Company Market Share Analysis, 2021
- Figure 4: Saudi Arabia Disposable Medical Gloves Market Size, By Value (USD Billion), 2018-2028
- Figure 5: Saudi Arabia Disposable Medical Gloves Market Share (%), By Type, By Value, 2018-2028
- Figure 6: Saudi Arabia Disposable Medical Gloves Market Share (%), By Service, By Value, 2018-2028
- Figure 7: Saudi Arabia Disposable Medical Gloves Market Share (%), By End User, By Value, 2018-2028
- List of Tables
- Table 1: Saudi Arabia Disposable Medical Gloves Market Size, By Type, By Value, 2018-2028
- Table 2: Saudi Arabia Disposable Medical Gloves Market Size, By Service, By Value (USD Billion), 2018-2028
- Table 3: Saudi Arabia Disposable Medical Gloves Market Size, By End User, By Value (USD Billion), 2018-2028
- Table 4: Plasti Surge Industries Pvt. Ltd. Financial Analysis
- Table 5: Plasti Surge Industries Pvt. Ltd. Business Overview
- Table 6: Sterimed Medical Devices Pvt. Ltd. Financial Analysis
- Table 7: Sterimed Medical Devices Pvt. Ltd. Business Overview
- Table 8: KSA Modern Eastern Financial Analysis
- Table 9: KSA Modern Eastern Business Overview
- Table 10: Med Means Trading Financial Analysis
- Table 11: Med Means Trading Business Overview
- Table 12: VPRO WEAR Financial Analysis
- Table 13: VPRO WEAR Business Overview
- Table 14: United Medical Industries Co. Ltd. Financial Analysis
- Table 15: United Medical Industries Co. Ltd. Business Overview
- Table 16: REDASafe Financial Analysis
- Table 17: REDASafe Business Overview
- Table 18: Uggloves Financial Analysis
- Table 29: Uggloves Business Overview
- Table 20: Raqwani Medicals Financial Analysis
- Table 21: Raqwani Medicals Business Overview
- Table 22: Top Glove Corporation Berhad Financial Analysis
- Table 23: Top Glove Corporation Berhad Business Overview
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