global disposable gloves market was worth USD 10.2 Billion in 2020 and is further projected - PDF document

Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) Global Disposable Gloves Market size - Industry Trends & Forecast Report 2027 Summary Global Disposable Gloves Market, By Produ ct (Powdered, Powder - free), By Material (Polyethylene, Natural Rubber, Nitrile), By End - use (Medical & Healthcare, Non - medical), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Shar e & Forecast, 2021 - 2027 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the global brain monitoring market was worth USD 6.2 billion in the year 2020. The data generated by the study further reveals that the market is estimated to grow at a CAGR of 5.8%, earning revenue of around USD 9.3 billion by the end of 2027. The global brain monitoring market is gaining substantial traction due to factors such as the rising prevalence of neurological diseases among all age groups, the adoption of advanced medical technologies, and the development of healthcare infrastruc ture in emerging economies. However, the high cost of brain monitoring devices, along with strict government policies may hamper the market growth. Report Overview With the increasing demand for disposable gloves within the healthcare sector, as well as the growing consumer awareness about skin infections, the global disposable gloves market is predicted to grow at a significant rate. View report Press release Sample report Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) The global disposable gloves market was worth USD 10.2 Billion in 2020 and is further projected to reach USD 18.8 Billion by 2027, at a CAGR of 9.2% during 2021 - 2027 (forecast period). With the increasing demand for disposable glove s within the healthcare sector, as well as the growing consumer awareness about skin infections, the global disposable gloves market is predicted to grow at a significant rate. A variety of factors are expected to contribute to significant growth in the he althcare industry in developing countries, including rising investments in both public and private sectors, as well as high migration rates and aging demographics. Moreover, it is predicted that increased expenditure on healthcare will boost the growth of the healthcare sector in developing economies regions, which will in turn increase the demand for disposable gloves. Global Disposable Gloves Market Overview The main function of disposable gloves is to protect both consumers and service providers from infections. The gloves prevent cross - contamination, reduce the risk of contact with pathogens, and mitigates contamination caused by humidity and external agents . Disposable gloves are made up of polyethylene, natural rubber, and nitrile which have anti - tear properties and provide better resistance to chemicals.Because of these advantages, disposable gloves are widely used in medical examinations, surgical procedu res, food handling, and chemical processes. The gloves can also be used for cleaning up everyday spills and messes around the house. Growth Drivers Offers Protection from Germs and Harmful Pathogens Disposable gloves are crucial for protecting emp loyees from injuries in many industries, such as construction, automotive, oil and gas, and metal fabrication. A disposable glove provides many benefits, including protection against hot objects, splinters, bodily fluids, sharp edges, vibration, electricit y, and extremely cold temperatures. Chemical and petrochemical industries have seen a significant increase in the demand for disposable gloves, owing to their application in laboratories and chemical processes. Furthermore, there have been growing concerns about employee safety, and initiatives to reduce injury rates in manufacturing facilities, which are likely to drive the demand for protective gloves in the coming years. Rise in Number of Surgeries Driving Demand for Disposable Medical Gloves One of the reasons contributing to the growth of thedisposable gloves market is the rising cases of surgical procedures across the world. Surgery is crucial to the cure of a wide spectrum of diseases and the alleviation of human suffering. Healthcare professiona ls, doctors, and nurses use medical gloves during surgeries and other health - related activities that are transmissible and can be contagious. Additionally, the number of invasive surgeries has been increased drastically across the world. The increase in t he number of such surgeries is expected to increase the demand for medical disposable gloves across the world in the foreseeable future. Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) Restraints Allergic Reactions to Latex May Hamper the Market Growth The majority of disposable gloves are made fr om natural latex. Yet, latex allergy continues to be a significant barrier to the use of organic rubber in the medical and food manufacturing industries. Latex allergies can cause itchy skin, hives, or even anaphylaxis, a potentially fatal condition charac terized by difficulty breathing and swelling of the throat. Moreover, compared to other products, disposable gloves require a high level of capital due to the high price of raw materials and the complexity of manufacturing processes. Impact of COVID - 19 in the Global Disposable Gloves Market The COVID - 19 pandemic has had a positive impact on the global disposable gloves market as disposable gloves have become an integral part of personal protective equipment (PPE) kits.Healthcare profe ssionals involved in collecting specimens have become accustomed to wearing gloves due to the wide spreading of the deadly coronavirus. These are worn to protect against infection. Additionally, the rising incidence of contagious diseases and the COVID - 19 pandemic are expected to boost the growth of the disposable gloves market in the near future. Global Disposable Gloves Market: By Product Based on products, the global disposable gloves market has been segmented into Powdered, and Powder - free. Among t hese, the powder - free product segment dominated the global disposable gloves market and accounted for the largest market revenue share in 2020. Several governments worldwide have imposed strict rules and regulations on the use of powdered gloves, which hav e extensively contributed to the growth of the powder - free glovessegment. Powder - free gloves are preferred by several industries, including chemical, medical, food processing, and others, and this trend will drive the growth of the segment in the coming ye ars. Global Disposable Gloves Market: By Material Based on materials, the global disposable gloves market is grouped into Polyethylene, Natural Rubber, and Nitrile. Among these, the Natural Rubber segment accounted for the largest market share in 2020 . Natural rubber - based products have been found to perform better and to offer better protection in many applications like pharmaceuticals, medical and dental. However, the allergy caused by the natural latex acts as a restraint in the growth of this segme nt. This is hindering the penetration of natural rubber products in the medical and food industries. Global Disposable Gloves Market – Regional Insights Based on the regions, the global disposable gloves market is divided into North America, Latin Amer ica, Europe, Asia Pacific, Middle East, and Africa. There are lucrative opportunities in the disposable gloves market, especially in Asia - Pacific. This can be attributed to the rise in population as well as the growing awareness of safety as well as hygien e in workplaces considering the current pandemic Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) situation. Moreover, increasing healthcare expenditures are expected to increase the growth of the global disposable gloves market in this region.According to industry analysts, the disposable gloves market will grow in countries like Australia and South Korea due to a rising compliance rate and an increase in the size of the population. Additionally, disposable gloves are extensively used in the medical sector of developing countries like India and China, co ntributing to the growth of the disposable gloves market in these regions. Recent Developments April 29, 2021 – In a joint venture with Guangdong Guyun Medical Technology Co., Ltd, Yanimed (a brand of Blokkx Ltd. that manufactures protective equipment like nitrile gloves) hopes to strengthen its footprint in the US Medical Consumables Market. Marc h 9, 2020 – Ansell Limited, one of the world's leading manufacturers of safety products, has partnered with Modjoul, a Clemson, South Carolina - based IoT company focused on workplace safety, to create motion - ergonomic hand protection solutions. Competiti ve Landscape Some of the key players in the global disposable gloves market areTop Glove Corporation Bhd, Semperit Ag Holding, Supermax Corporation Berhad, Kossan Rubber Industries Bhd, and Rubberex Corporation (M) Berhad, Ansell Limited, Cardinal Health, Inc, AdventaBerhad (Sun Healthcare), Hartalega Holdings Berhad, Dynarex Corporation and other manufacturers. Players in the disposable gloves market use alliance and partnership strategies to meet end - user demands through the development of technological ly advanced offerings. These strategies have a significant impact on market growth. Scope of the Report Attribute Details Years Considered Historical data – 2017 - 2020 Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Billion Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) Product/Service Segmentation ByProduct,By Material, By End Use, By Region Key Players Key pla yers for Global Disposable Gloves Market areTop Glove Corporation Bhd,Semperit Ag Holding, Supermax Corporation Berhad, Kossan Rubber Industries Bhd, and Rubberex Corporation (M) Berhad, Ansell Limited, Cardinal Health Inc, AdventaBerhad (Sun Healthcare), Hartalega Holdings Berhad, Dynarex Corporation and other key manufacturers. By Product P owdered Powder - free By Material Polyethylene Natural Rubber Nitrile By End - Use Medical & Healthcare Non - medical By Region North America Latin America Europe The Asia Pacific The Middle East Africa Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027) About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put yo ur business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service mark ets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more informati on, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Disposable Gloves Market Thriving: Projected to touch USD 18.8 Billion by 2027, growing at the CAGR of 9.2% during the forecast period (2021 - 2027)