DUBLIN--(BUSINESS WIRE)--The "Synthetic Medical Glove Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The synthetic medical glove market is projected to witness a compound annual growth rate of 15.09% to grow to US$13,279.653 million by 2027, from US$4,963.838 million in 2020.
The high concerns regarding latex allergy caused by latex gloves among healthcare workers are a major driver of the global synthetic medical gloves market.
There has been a continuous rise in the number of cases reported across the healthcare sector about allergies caused due to the high usage of latex gloves. As a result, many hospitals worldwide have started switching to synthetic medical gloves, both for surgical procedures and examination purposes, thereby driving the synthetic medical glove market growth. The rising number of surgical procedures globally on account of the growing geriatric population and the increasing number of patients suffering from cardiovascular diseases (CVDs) is another factor boosting the market growth.
The recent COVID-19 global pandemic outbreak has dramatically led the demand for synthetic medical gloves to new heights. With the continuous surge in the number of COVID-positive patients each day, the demand for synthetic examination gloves has risen substantially, increasing the demand-supply gap and causing a shortage in the market. As such, many governments, as well as global organizations, have issued emergency guidelines to use even surgical gloves to prevent the transmission of the coronavirus among healthcare workers while examining their patients.
Geographically, North America accounted for a significant market share in 2019 as a result of the ban on powdered latex gloves by the U.S. FDA (Food and Drug Administration). APAC is projected to grow at a noteworthy CAGR during the forecast period owing to the rising concerns about latex allergy in countries such as Australia, the Philippines, and India.
Growing Concerns Regarding Latex Allergy Among Healthcare Workers
The rising incidence of latex allergy among healthcare workers is the primary driver of the synthetic medical glove market. People across the globe are increasingly developing allergic reactions to certain proteins present in natural rubber latex that is used to make medical and industrial gloves. Despite the proven effectiveness of latex gloves in preventing the transmission of several infectious diseases among healthcare workers, exposure to latex may result in allergic reactions. Latex gloves can lead to several allergic skin problems following direct contact with allergic latex proteins in latex glove products. Symptoms may include redness, itching, and even swelling of the skin that touched the item containing latex.
Nitrile Gloves Offer the Highest Revenue Generation Opportunity
The synthetic medical gloves market has been segmented by material as nitrile, polyisoprene, chloroprene, and vinyl. Nitrile accounted for the major market share by value and volume in 2019 and will remain at its position until the forecast period by growing at the highest CAGR. Nitrile gloves are the most popular type of synthetic medical gloves globally, and this popularity is majorly attributed to their being of similar quality as latex gloves.
Nitrile gloves offer a similar feel to latex gloves, with one exception that makes them free of any allergens. Vinyl gloves are popular in regions like the Asia Pacific but are not very popular in Europe and North America. Stringent regulations in these regions regarding environmental pollution have been affecting their manufacturing. The ongoing trade war between the United States and China has impacted the vinyl medical gloves market in the U.S. Other types of synthetic medical gloves are expected to continue showing decent growth over the projected period.
Segmentation:
By Type
- Surgical
- Examination
By Material
- Nitrile
- Polyisoprene
- Chloroprene
- Vinyl
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Europe
- Germany
- Spain
- United Kingdom
- Italy
- France
- Middle East and Africa
- Israel
- Saudi Arabia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. SYNTHETIC MEDICAL GLOVE MARKET ANALYSIS, BY TYPE
6. SYNTHETIC MEDICAL GLOVE MARKET ANALYSIS, BY MATERIAL
7. SYNTHETIC MEDICAL GLOVE MARKET ANALYSIS, BY GEOGRAPHY
8. Competitive Environment And Analysis
9. Companies Profiles
Companies Mentioned
- Ansell Group of Companies
- Cardinal Health
- Medline Industries, Inc.
- Top Glove Corporation Bhd
- Sempermed
- Supermax Healthcare, Inc.
- Kossan Rubber Industries Bhd
- Molnlycke Health Care AB
- YTY Group
- Comfort Rubber Gloves Industries
For more information about this report visit https://www.researchandmarkets.com/r/j0lb6z
