Medical Gloves Market – Share, Growth by Top Company, Region, Applications, Drivers, Trends and Forecast to 2022-2031

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Medical Gloves Market Report

The medical glove market is expected to reach USD 18.56 billion by 2026, growing at a CAGR of 11.64%.

During the COVID-19 pandemic, global demand for single-use gloves skyrocketed, exceeding the existing production capacity of manufacturers by an estimated 215 billion units, or about 37%. Although manufacturers are working hard to increase production, industry experts are predicting possible shortages in 2021. However, the demand for surgical gloves reduced significantly as about 28 million surgeries were canceled or postponed during the pandemic. But post COVID-19, the number of surgeries performed will go high, which will accelerate the demand. North America dominates the global medical gloves market share, followed by Europe, APAC, Latin America, and Middle East & Africa. In the future new products, expansions, and collaborations will be crucial for companies to maintain revenue growth. For example, a key player, Supermax, currently has 24 billion pieces of gloves per annum, and the company is planning to expand it to over 44 billion pieces by the end of 2024.

The following factors are likely to contribute to the growth of the medical glove market during the forecast period:
• Increased demand for low protein powder-free gloves
• Introduction of biodegradable gloves
• Growing demand for non-medical gloves
• Progressive emphasis on stringent healthcare regulations across regions

Related Reports :

Infant Nutrition Market
Medical Gloves Market
Allergy Treatment Market
Immunoglobulins Market
Medical Tourism Market
Sports Nutrition Market
Endotracheal Tube Market
Sexual Wellness Market
Healthcare Logistics Market
Immunotherapy Drugs Market

Related posts

Leave a Comment