The Medical Gloves market is primarily witnessing growth due to Rise in Number of Hospital Visits and Surgeries and Increasing Incidence of Infections.
The healthcare structure in developing countries is improving and as a result the awareness regarding medical facilities is also increasing. This has resulted in increasing number of hospital visits and surgeries. Moreover, the number of hospital visits in developed countries have increased as well. For instance, in England, the number of visits to the accident and emergency department (A&E) has increased continuously over the years. As per 2020 report by the National Health Service, the attendance has risen from 59,396 in 2013 to 70,230 in 2019.
These factors are helping the market growth
Key Market Trends
Application of Medical Gloves in Chemotherapy is expected to Rise
Due to their potential mutagenic, carcinogenic and teratogenic effects, occupational exposure to chemotherapy drugs should be kept to a minimum. Utilization of personnel protective devices, especially the use of protective medical gloves, is a mainstay to avoid skin contact. The choice of appropriate gloves is of outstanding importance. For optimal protection in the oncology setting it is essential to establish general guidelines evaluating appropriate materials and defining quality standards.
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Moreover, the demand for chemotherapy is expected to increase in future as well due to rising incidence of cancer. Cancer Research UK suggests that if recent trends in incidence of major cancers and population growth are consistent, it is predicted there will be 27.5 million new cancer cases worldwide each year by 2040, as compared to 17 million in 2018.
With increasing demand for chemotherapy, demand for chemotherapy-grade gloves are also expected to increase. This is also expected to boost the market growth.
North America is expected to Dominate the Market
The North American market is expected to dominate primarily due to large market in the United States. As per the American Hospital Association (AHA) of the United States, the number of hospital admissions have increased in the country have continuously over the years. For instance as per the report data, there were around 439.86 million outpatient visits in community hospitals in 1996, which increased to nearly 599.55 million by 2006, to 747.09 million in 2016, as per 2018 report by AHA.
Increasing hospital visits are ex[pected to increase the demand for medical gloves, which will boost the market growth.