
Disposable Gloves Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Disposable Gloves Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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Major Players In This Market Are: Ansell Healthcare Products LLC, Adventa Berhad, Cardinal Health, Inc., Dynarex Corporation, Kossan Rubber Industries Bhd., Hartalega Holdings Berhad, MRK Healthcare Private Limited, Rubberex Corporation Bhd., Semperit AG Holding, Shield Scientific B.V., Supermax Corporation Berhad and Top Glove Corporation Bhd.
Disposable gloves are gloves used for a variety of purposes including medical examinations and other industrial applications to prevent cross-contamination and protect the user’s hands. These gloves aren’t made to be worn all the time, but rather, they’re made to be discarded after use. Disposable gloves are extremely popular in the medical industry as they’re perfect for all sorts of applications, including but not limited to suction applications, alcohol, and chemical applications.
Continuous research and development activities and new product launches are expected to drive growth of the global disposable gloves market during the forecast period. Key companies in the market are focused on research and development activities, in order to innovate a new product and gain a competitive advantage in the market. For instance, in July 2020, SW, a provider of hand health technologies, introduced a new Bantam brand of thermoplastic elastomer (TPE) gloves to cater to the demand for the shortage of gloves. Furthermore, in August 2020, Lath Nitrile Gloves launched Nitrile Rubber Gloves in the U.K. and U.S. markets. Many companies are focused on the continuous development of gloves that remove the potential transmission of bacteria and other pathogens that can be transmitted via gloves. Thus, these factors are expected to drive growth of the global disposable gloves market during the forecast period. Furthermore, increasing product demand in healthcare, pharmaceutical, chemical, oil & gas, and medical sectors is expected to boost the global disposable gloves market growth over the forecast period.
However, concerns regarding the use of natural rubber latex since they are allergic to some users combined with price fluctuation of rubber are expected to hinder the global disposable gloves market growth over the forecast period. Since healthcare infrastructure is expanding, it can provide significant growth opportunities to market players. Among regions, North America is expected to witness significant growth in the global disposable gloves market during the forecast period. This is owing to the presence of robust healthcare infrastructure and supportive government policies across the region. According to the U.S. Food and Drug Administration (FDA), gloves used for handling tools are certified under Title 21 Code of Federal Regulations Part 177. The components used in the manufacturing of gloves should comply with the FDA regulations. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising investments in the healthcare sector across the region. According to the India Brand Equity Foundation (IBEF), the Government of India is planning to increase public health expenditure to 2.5% of GDP by 2025.
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In this study, the years considered to estimate the market size of Disposable Gloves are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Disposable Gloves Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Disposable Gloves Market are also given.
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