Increasing Healthcare-Associated Infections (HAIs) across the globe along with growing demand of disposable gloves in industrial applications are majorly driving the growth of the global disposable gloves market.
The Global Disposable Gloves Market was estimated at USD 10.2 billion in the year 2020, and is expected to reach USD 24.3 billion by 2027. The disposable gloves market is growing with a CAGR of 13.2%, in the forecast period (2017-2027).
The rising awareness about Healthcare-Associated Infections (HAIs) across the globe is the major factor attributing to the growth of disposable gloves market. According to WHO, out of 100 patients hospitalized at any given time, 10 in developing and 7 in developed economies are expected to contract with at least one health care-associated infection. Disposable gloves play a crucial role in maintaining hygienic conditions and ensuring security of caregivers and patients by safeguarding them against infections. The use of gloves reduces the possibility of pathogens, infection and other external factors. Owing to this, healthcare professional, surgeons and doctors are increasing utilising medical gloves for surgical and other applications which is thereby driving the disposable gloves market demand. Additionally, growth in the healthcare industry in several developing economies due to the rising investments in both private sectors and public sector is also expected to propel the demand of disposable gloves.
Moreover, the rising demand for disposable gloves can also be attributed to the growing occupational safety regulations. Governing bodies in several developed and developing nations have laid stringent policies to maintain worker safety in the industries. Disposable gloves serve an essential role in protecting employees against hand injuries and skin infections that are common in various industries, including construction, food processing, automotive, metal fabrication and oil & gas. These gloves help in providing protection against splinters, hot objects, bodily fluids, excessive vibrations, electricity, extreme cold and sharp edges. Along with this, they act as an indispensable employee protection tool in the chemical & petrochemical industries for handling volatile chemicals. Therefore, owing to such wide application combined with increasing concerns relating to employee safety are anticipated to augment the demand of disposable gloves market over the forecast period.
Despite such strong growth factors, toxic reactions caused by the gloves along with high price competition from local manufactures are expected to pose challenges in the growth of disposable gloves market. However, advancement in technology and increasing research and development activities to achieve product multi-functionality and broaden its application scope is expected to provide growth opportunities in the disposable gloves market. For instance, Haptic glove uses virtual reality to monitor how a person interacts with the real objects and measures how the skin stretches or contracts when any object is lifted.
Impact of COVID-19 pandemic on Global Disposable Gloves Market
The global disposable gloves market has witnessed a major growth due to the spread COVID-19 pandemic across the globe. Owing to the quick spread of the virus, disposable gloves are increasingly demanded by healthcare professionals. The use of disposable gloves minimizes the risk associated with contamination of healthcare worker’s hands with blood and other body fluids that includes contact with mucous membranes and non-intact skin. In addition, disposable gloves are an essential part of the personal protective equipment (PPE) worn by healthcare professionals. Moreover, in May 2020, Center for Disease Control (CDC) recommended the use of gloves during food handling, cleaning, trades, or caring for someone who is sick, and while in contact with stool, blood, and body fluids, such as mucus, saliva, vomit, and urine. Further, the European Centre for Diseases Prevention and Control strongly recommends the use of single-use medical gloves in healthcare settings to avoid cross-contamination and infection. All these aforementioned factors are responsible for positively impacting the disposable gloves market across the globe.
Global Disposable Gloves Market by Region Outlook (Revenue, USD Billion, 2017-2027)
Based on region, Asia-Pacific is projected attain the fastest growth in disposable gloves market during the forecast period. This is mainly due to the rise in population along with high growth in geriatric population in the major countries such as India, China, Japan among others. Moreover, the Covid-19 pandemic has majorly impacted these nations, thereby driving the disposable gloves industry in the region. The rising awareness regarding maintaining hygiene to avoid several communicable diseases and infection is prominently driving the disposable gloves market. Also, increase in the healthcare expenditure in major economies in the region is also positively influencing the disposable gloves industry. Furthermore, presence of the key players in the region including Asiatic Fiber Corp, Hartalega Holdings Berhad, Ansell Ltd., Riverstone Holdings ltd., Jiangxi Haorui Industrial Materials Co., Ltd., Carda Group, UG Healthcare Corporation, Valutek among others is also responsible for driving the growth in disposable gloves market.
The Global Disposable Gloves Market Segmentation:
Global Disposable Gloves Market Type Outlook (Revenue, USD Billion, 2017-2027)
Global Disposable Gloves Market Application Outlook (Revenue, USD Billion, 2017-2027)
Key Findings:
Company Profiles and Competitive Intelligence
The key players operating in the disposable gloves market are:
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