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Global Disposable Gloves Market Report 2022: Global Increases in Healthcare Spending Sector - ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Disposable Gloves Market Size, Segments, Outlook and Revenue Forecast 2022-2030 by Product, Form, Application, End-User and Major Regions” has been added to from ResearchAndMarkets.com offer.

The global disposable gloves market is expected to register a positive CAGR of almost 6% during the forecast period (2022-2030). The market was estimated at US$7 billion in 2019 and US$10 billion in 2022. It is expected to reach US$15 billion by 2030.

According to the World Health Organization’s 2021 report on global health expenditure, global health expenditure more than doubled in real terms from 2000 to 2019, reaching US$8.5 trillion in 2019, or 9, 8% of world GDP.

According to healthcare industry publication Pharmaceutical Technology, spending is expected to rise further to US$8.8 trillion in 2021. Rising investment in improving the public healthcare system has boosted the equipment market protective medical devices, such as disposable gloves.

The Asia-Pacific region is expected to witness the fastest growth over the forecast period due to the large number of players operating in the region. According to the August 2022 report from the Malaysian Institute of Chemistry, 65% of global rubber glove production will be produced in Malaysia in 2022, followed by 20% in China, 10% in Thailand and 3% in Indonesia.

Since the disposable gloves market was boosted by the COVID-19 outbreak, it has started to slow down as the intensity of the pandemic subsides. For example, Top Glove, one of the leading glove manufacturers in Malaysia, recorded sales of US$0.32 billion in the third quarter of FY22, down 64% from 0, US$91 billion reported last year. With the downturn of the Covid19 pandemic, the market for gloves and protective equipment is consolidating and is expected to harm the growth of the disposable gloves market.

The Covid19 pandemic has had a positive impact on the disposable gloves market. Rubberex, a leading manufacturer of disposable gloves, mentioned in its annual report for FY21 that sales volume growth of disposable nitrile gloves saw an increase of 23.6% from 2020 to 2021, with about 1.2 billion pieces sold compared to 970.5 million pieces in 2020. Also, the average selling price of gloves increased from US$53/1,000 pieces to US$73/1,000 pieces from 2020 to 2021 .

Report scope

By product

  • Latex

  • Nitrile

  • Vinyl

  • Neoprene

  • Polyethylene

By form

By app

  • Medical

  • Surgical

  • Exam

  • clean room

Per end user

  • Hospitals

  • Clinics

  • Surgical centers

  • Non-medical

Key competitors

  • Ansell Ltd

  • Hartalega

  • Top Glove Bhd

  • Rubberx

  • Kossan Rubber Industries

  • Cardinal Health Inc.

  • Seeded

  • Sri Trang Gloves

  • Care Plus

  • Supermax Corporation Berhad

  • Synthomer Plc

  • Industries Rubber Comfort Gloves

Key trends by market segment

By product: Nitrile holds the largest share of the global disposable gloves market.

Nitrile gloves have been on the market for a long time. Still, the lower prices and potential application in multiple new industries make it a potentially very profitable investment opportunity for the future.

By form: Powder-free gloves tend to be stronger than powdered gloves. Powdered gloves contain cornstarch powder which may cause allergies or sensitivity.

Powder-free gloves are ideal for manufacturing, food, chemical and other industries.

Studies show that powder-free gloves held around 75% of the market in 2021 and will continue to dominate the segment of disposable glove forms.

Per application: The surgical segment holds the largest market share by application in the global disposable gloves market as the number of surgeries is increasing globally.

The increase in Covid19 infections has also led to an increase in surgeries. For example, the total number of surgeries performed in 2020 in Germany alone was 858,553, while in Korea 702,621 surgeries were performed.

Disposable examination gloves are expected to grow over the forecast period, owing to their increasing use in various industries including food processing, chemical, automotive, etc.

Per end user: The medical and healthcare industries are the major end users of disposable gloves. Disposable gloves are used to prevent cross-contamination between patients and doctors. Since these disposable gloves are single-use, they should be discarded after surgeries and recycled again.

The medical sector remains the main end-user of disposable gloves and holds the major part of the market.

However, as gloves are upgraded according to changing market demands, it is possible that non-medical end users will also become important buyers for the gloves industry.

By geography: North America accounts for the largest share of the global disposable gloves market. The Asia-Pacific region is expected to witness the fastest growth during the forecast period.

The Asia-Pacific region is expected to be the fastest growing region among others. The push is expected to be fueled by the presence of major glove manufacturing players in the region and developing economies. In the rubber gloves segment, Malaysia holds the major share of the market with 51% of the global share.

The opportunities in the North American market are driven by people’s awareness about infectious viruses and various precautionary measures adopted by national governments. In 2020, the United States was the top net importer with US$455 million of rubber surgical gloves.

Main topics covered in the report

  • Overview of the global disposable gloves market

  • Industry value chain and ecosystem analysis

  • Market size and segmentation of the global disposable gloves market

  • Historical Growth of the Global Disposable Gloves Market and Global Segments

  • Market competition scenario and key competitor developments

  • Porter’s 5 Forces Analysis of the Global Disposable Gloves Industry

  • Key Competitor Overview, Product Offerings and SWOT Analysis

  • Impact of Covid 19 on the Global Global Disposable Gloves Market

  • Future market forecast and growth rate of the global disposable gloves market total and by segments

  • Application/End User Segment Market Size with Historical CAGR and Future Forecast

  • Analysis of the global disposable gloves market

  • Major Production/Consumption Centers in the Global Disposable Gloves

  • Main centers of production/supply and consumption/demand in each of the major regions

  • Key Historical and Future Market Growth Rates by Total Market Region and Segments

  • Overview of notable emerging competitor companies in each major region

For more information on this report visit https://www.researchandmarkets.com/r/3ord6

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.

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