Medical Gloves Market Size By Product (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves), By Form (Powder-free Gloves, Powdered Gloves), By Application (Examination Gloves, Surgical Gloves), By Usage (Disposable Gloves, Reusable Gloves), By Sterility (Sterile Gloves, Non-sterile Gloves), By Distribution Channel (Brick and Mortar, E-commerce), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The medical gloves market is estimated to see lucrative growth by 2027 owing to proliferating utilization of the product in healthcare settings, increasing incidents of infectious diseases, and widespread awareness about the benefits of the product.
Following the COVID-19 outbreak, leading government health agencies across the globe, including Centers for Disease Control and Prevention (CDC), highlighted how medical gloves could help significantly reduce the risk of transmission of the novel coronavirus.
Thus, medical gloves became a key element of personal protective equipment (PPE) used by both healthcare professionals and patients to prevent the spread of the infection. Increased emphasis on product advantages, particularly for frontline workers has positively affected the business outlook.
The medical gloves market has been bifurcated based on product, form, application, usage, sterility, distribution channel, end-use, and region. On the basis of product, the market has further been segmented into nitrile gloves, latex gloves, neoprene gloves, vinyl gloves, and others.
In 2020, the nitrile gloves sub-segment held a significant share in the medical gloves market and was valued at around USD 6.4 billion. Numerous advantages offered by the use of nitrile gloves are expected to boost segmental adoption substantially through the study timeframe.
In terms of form, the medical gloves market has been categorized into powder-free gloves and powdered gloves. Powdered gloves market size surpassed USD 1.1 billion in 2020 and is projected to progress at a significant pace by the end of the forecast period. Several properties of powdered medical gloves like high affordability and easy donning are anticipated to propel segmental expansion through 2027.
From the perspective of application, the market has been divided into examination gloves and surgical gloves. The surgical gloves sub-segment is estimated to witness robust growth over the forecast timeline to garner a valuation of around USD 7.3 billion by the end of 2027. Escalating number of surgical procedures worldwide are expected to fuel product demand through the study timeframe.
By usage, the medical gloves market has been segregated into disposable gloves and reusable gloves. The reusable gloves sub-segment was valued at more than USD 3.0 billion in 2020 and is projected to grow at substantial pace over 2021-2027. Increased convenience during use and higher flexibility offered by the product are facilitating segmental adoption across varied applications.
On the basis of sterility, the market has been divided into sterile gloves and non-sterile gloves. The non-sterile gloves segment valuation exceeded USD 8.1 billion in 2020 and is estimated to witness robust growth over the forecast period. Cost-efficiency and increasing usage of the product are likely to contribute to segmental growth through 2027.
Based on distribution channel, the market has been categorized into brick and mortar and e-commerce. In 2020, the e-commerce sub-segment was valued at over USD 4.6 billion and is speculated to showcase notable growth over the forecast period owing to mounting preference for e-commerce by patients as well as healthcare professionals.
In terms of end-use, the medical gloves market has been segmented into hospitals, clinics, diagnostic centers, ambulatory surgery centers, and others.
Ambulatory surgical centers (ASCs) are estimated to grow at a considerable rate to garner a sizable revenue of over USD 5.9 billion by 2027. Rising awareness regarding ASCs, growing frequency of surgeries, and accelerating adoption of medical gloves are projected to drive segmental growth over 2021-2027.
In the regional landscape, the Middle East & Africa medical gloves market was valued at more than USD 926 million in 2020 and is anticipated to witness robust growth by the end of the forecast period owing to rising awareness regarding hygiene and soaring product adoption across leading countries in the region.
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