Growing Usage in Non-medical Sectors to Create Promising Prospects for Medical & Industrial Gloves
Medical and industrial gloves, which are predominantly used in the medical sector to prevent cross contamination during medical examination and various treatment procedures, are also widely used in non-medical sectors such as in food processing, commercial manufacturing, cleanroom application, and household application. Medical and industrial gloves are used in industries to avoid workplace accidents and awareness regarding health hygiene and safety. Disposable gloves that are specifically designed for industry and examination purpose, are used along with the reusable and surgical gloves.
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Disposable Medical & Industrial Gloves Continue to Reign Supreme through 2026
Among all the product types, disposable examination gloves clearly dominated the global market with more than 71% share of the total revenue attained in 2017. Global medical & industrial glove market is expected to be driven by growing number of end-users, increasing per capita healthcare expenditure, and increase in number of surgeries. Over the past few years the market for medical & industrial gloves has seen tremendous growth due to innovation in medical gloves. Disposable examination gloves segment dominated the global medical and industrial gloves market in 2017 and is expected to continue to do so owing to increase in demand of nitrile gloves.
Globally, disposable examination gloves will continue to gather the highest traction, which has been primarily attributed to the rising demand for specific type of disposable gloves, including natural rubber, non-powdered, and non-allergic disposable gloves. Moreover, easy-to-use disposable gloves are also high in demand, eventually contributing to the performance of disposable gloves in the global market for medical and industrial gloves, during the projection period.
Medical sector takes the largest share in the end users segment, with fostering usage of gloves in acute care, laboratory services, and research services. Drastic rise in cases of hospital acquired infections will also encourage the demand for medical and industrial gloves in near future. Ban on powdered gloves and escalating reuse of disposable gloves are some of the challenges restricting the adoption of medical & industrial gloves in the market.
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APAC Predicted as Most Lucrative Market, Majorly Supported by Medical Tourism
A recent research on the global market for medical and industrial gloves estimates that the global market for medical & industrial glove is expected to surpass US$ 12,868.6 Mn by 2026 end, expanding at an impressive CAGR of 7.9% over 2018–2026. As indicated by regional analysis, Asia Pacific is expected to remain the most attractive market for medical and industrial gloves, witnessing robust expansion at the highest rate over the eight-year forecast period, 2018-2026. While North America accounts for a leading revenue share in the global market for medical and industrial gloves, Asia Pacific is foreseen to thrive rapidly due to increasing medical tourism, creating a heap of business opportunities in the coming years.