Global Synthetic Medical Gloves Market Report 2022: Nitrile Gloves Offer Largest Revenue Generating Opportunity – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Report “Synthetic Medical Gloves Market – Forecast 2022 to 2027” has been added to from ResearchAndMarkets.com offer.

The Synthetic Medical Gloves Market is anticipated to grow at a compound annual growth rate of 15.09% to reach USD 13,279.653 million by 2027, from USD 4,963.838 million in 2020.

Strong concerns over latex allergies caused by latex gloves among healthcare workers are a major driver of the global synthetic medical gloves market.

There has been a continuous increase in the number of reported cases in the healthcare sector of allergies caused by heavy use of latex gloves. As a result, many hospitals around the world have started switching to synthetic medical gloves, both for surgical procedures and for examination purposes, thereby driving the growth of the synthetic medical gloves market. Rising number of surgeries globally due to growing geriatric population and increasing number of patients suffering from cardiovascular disease (CVD) is another factor driving the growth of the market.

The recent global outbreak of COVID-19 has dramatically driven the demand for synthetic medical gloves to new heights. With the continuous increase in the number of COVID-positive patients every day, the demand for synthetic examination gloves has increased significantly, increasing the gap between supply and demand and causing shortage in the market. As such, many governments, as well as global organizations, have issued emergency guidelines to use even surgical gloves to prevent transmission of the coronavirus among healthcare workers when examining their patients.

Geographically, North America accounted for a major market share in 2019 following the ban of powdered latex gloves by the US FDA (Food and Drug Administration). APAC is expected to grow at a remarkable CAGR during the forecast period owing to the growing concerns over latex allergy in countries such as Australia, Philippines, and India.

Growing Concerns About Latex Allergy Among Healthcare Workers

The growing incidence of latex allergies among healthcare workers is the major driver of the synthetic medical gloves market. Around the world, people are increasingly developing allergic reactions to certain proteins found in natural rubber latex 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 can lead to allergic reactions. Latex gloves can lead to several allergic skin problems as a result of direct contact with the allergic latex proteins contained in latex glove products. Symptoms can include redness, itching, and even swelling of the skin that touched the latex-containing item.

Nitrile gloves offer the greatest opportunity for revenue generation

The synthetic medical gloves market has been segmented by materials like nitrile, polyisoprene, chloroprene, and vinyl. Nitrile accounted for the leading market share by value and volume in 2019 and will hold its position till the forecast period by increasing at the highest CAGR. Nitrile gloves are the most popular type of synthetic medical gloves in the world, and this popularity is mainly attributed to their similar quality to latex gloves.

Nitrile gloves offer a similar feel to latex gloves, with one exception that makes them allergen-free. Vinyl gloves are popular in regions like Asia-Pacific but not very popular in Europe and North America. Strict regulations in these regions regarding environmental pollution have affected their manufacture. The ongoing trade war between the United States and China has impacted the vinyl medical gloves market in the United States. Other types of synthetic medical gloves are expected to continue to show decent growth over the projected period.

Segmentation:

By type

By material

  • Nitrile

  • Polyisoprene

  • Chloroprene

  • Vinyl

By geography

  • North America

  • United States

  • Canada

  • Mexico

  • South America

  • Brazil

  • Argentina

  • Europe

  • Germany

  • Spain

  • UK

  • Italy

  • France

  • Middle East and Africa

  • Israel

  • Saudi Arabia

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Indonesia

  • Thailand

Main topics covered:

1. Introduction

2. Research methodology

3. Executive Summary

4. Market dynamics

5. SYNTHETIC MEDICAL GLOVES MARKET ANALYSIS, BY TYPE

6. SYNTHETIC MEDICAL GLOVES MARKET ANALYSIS, BY MATERIAL

7. SYNTHETIC MEDICAL GLOVES MARKET ANALYSIS, BY GEOGRAPHY

8. Competitive environment and analysis

9. Company Profiles

Companies cited

  • Ansell Group of Companies

  • Cardinal Health

  • Medline Industries, Inc.

  • Top Gant Corporation Bhd

  • Seeded

  • Supermax Healthcare, Inc.

  • Kossan Rubber Industries Bhd

  • Molnlycke Health Care AB

  • YTY Group

  • Industries Rubber Comfort Gloves

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