Rubber Medical Gloves Market Scope
The rubber medical gloves majorly act as a protection utility so as to avoid the infection between the consumers and the service providers in the healthcare sector. These gloves are mainly used all across the healthcare industry, janitorial services as well as chemical industries. During the time, numerous variants of medical gloves have been developed, which include nitrile, natural rubber, neoprene, and vinyl. Each of these variants has different benefits in comparison to conventional gloves and hence provides wide application in multiple areas such as examining, surgeries, and medical laboratories, and others. The manufacture of medical gloves is a very large global industry, producing in the region of around 150 billion pairs of gloves each year, having a market value of over USD 5 billion. Most of the production is outsourced to the factories present in Malaysia and Thailand, and a handful of some other companies present in the Asian countries. and The world’s largest rubber glove manufacturer in Malaysia hereby contributes to nearly around 63 percent of the global supply that has now revised its estimated supply to an approximate of 220 billion pieces in 2020 amid the current scenario which is very much higher than the previously estimated numbers of around to approximately 188 billion pieces. In the current scenario due to the COVID-19 outbreak which is not new to the industry. The industry has already experienced the same situation during the earlier time as well, such as during the SARS or H1N1 outbreak. The SARS outbreak had caused in around an approximate of 8 percent of a surge in the demand during the years 2002-03 whereas, during the H1N1, the gloves consumption had grown by approximately 17 percent in the years 2009-10. The health care industry, in any case, has been attracting sustainable demand for protective medical supplies. Ramping up production for current demand surge may help the industry to sustain rising demand in the long term. As per the earlier statistics and the market expectations, MARGMA (Malaysian Rubber Glove Manufacturers Association) had anticipated the demand of the rubber gloves to reach to an approximate of 300 billion pieces in the year 2020 having an annual growth of around 12 percent, however, with the current outbreak of the novel COVID-19 it has further resulted towards a 100 percent surge in demand globally during the first few months of 2020. At present one of the largest producers of gloves, Top gloves, is also forecasting to have around 10-15 percent of the rise in its sales that can grow furthermore, depending upon the severity as well as the duration of the outbreak. The overall industry is therefore set to see around more and more supply of rubber medical gloves during the current year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | TopGlove (Malaysia), Ansell (Australia), Hartalega (Malaysia), Baxter (United States), Medtronic (Ireland), B. Braun (Germany), Smith & Nephew (United Kingdom) and Medline (United States) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Rubber Medical Gloves market throughout the predicted period.
TopGlove (Malaysia), Ansell (Australia), Hartalega (Malaysia), Baxter (United States), Medtronic (Ireland), B. Braun (Germany), Smith & Nephew (United Kingdom) and Medline (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Halyard Health (United States), Weigao (China), BSN medical (Germany) and Lohmann & Rauscher (Austria).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Rubber Medical Gloves market by Type , by Application (Hospitals and Clinics, Nursing Center, Laboratory and Other Industry) and Region with country level break-up.
On the basis of geography, the market of Rubber Medical Gloves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2020, Medline acquired Medi select in Canada a distributer of medical and dental supplies the Acquistion help Medi select to acquire new customer in the country.
In March 2019, Ansell launched a new nitrile exam glove called MICROFLEX Midnight XTRA that provide the additional benefit of covering the Wrist and forearm .
Medical gloves are class I reserved devices and are subject to general controls (section 513(a)(1)(A) of the Federal Food, Drug, and Cosmetic Act (Act); 21 U.S.C. 360c(a)(1)(A)), which include: Establishment Registration, Device Listing, Premarket Notification 510(k), Labeling, Quality System, and Medical Device Reporting (MDR) that helps in reporting of adverse events associated with a medical device. In addition to these, the foreign firms must name a U.S. Agent (21 CFR 807.40) so as to sell their products in the United States.
Influencing Trend:
Growing E-commerce Sales of the Products and Use of Biodegradable Products for Rubber Medical Gloves
Market Growth Drivers:
Growing Demand for Outpatient and Ambulatory Care and Stringent Government Norms Regarding Safety of Patients and Doctors
Challenges:
Chances of Diseases Outbreaks if Managed Improperly and Issues Related with Disposable of Rubber Medical Gloves
Restraints:
Rising Cost of Raw Materials and Lack of Awareness in Emerging Countries
Opportunities:
Growing Healthcare Industries in Emerging Countries and Rising Healthcare in Emerging Countries
Key Target Audience
Rubber Medical Gloves Manufacturers, Materials Suppliers/Distributors, Potential Investors, Market and Research Firms, End-user Industries, Government Agencies and Others