Ever increasing demand for medical grade disposable gloves
Seoul, South Korea, Aug. 23, 2022 (GLOBE NEWSWIRE) — The global nitrile glove market is currently valued at around US$41 billion and is expected to grow at a stupendous CAGR of 23% through 2026, reveals the analyst at Fact.MR, a market research and competitive intelligence provider.
Around the world, the number of surgeries continues to increase. The use of antiallergic products and sterile nitrile gloves during surgical procedures for different health problems is expected to increase. Leading nitrile glove manufacturers focus on clinical research and cutting-edge new product launches to facilitate successful surgeries for trauma and other conditions.
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The need for surgical gloves has increased dramatically over the past decade due to periodic outbreaks such as Ebola, Zika, and the current debilitating COVID-19 pandemic. Nitrile medical gloves are crucial to the healthcare system as they protect both patients and caregivers. Some of the major market growth factors include growing need for surgeries, improving healthcare systems, and increasing need for sterile nitrile gloves.
Since nitrile gloves are a generic medical product, their market is extremely fierce. The combination of simple manufacturing processes, low barriers to entry and cheap access to raw materials is expected to fuel fierce competition. To achieve large sales volumes and profits, companies should compete primarily on price.
What latest trends and innovations in Nitrile Gloves are influencing the market growth?
“Nitrile Coated Gloves – An Emerging Choice in the Industrial Glove Market”
Due to the growing concern over latex allergies and rising awareness about the benefits of gloves in the healthcare industry, the nitrile gloves market is expected to grow rapidly globally. The synthetic material used to make the nitrile gloves gives the gloves strength, flexibility and durability.
These are also latex-free, which encourages users with latex allergies to use them. Rising usage of powder-free nitrile gloves across a variety of industries, including metals & machinery, chemical, and oil & gas sectors, is expected to fuel the expansion of the market over the coming years.
Nitrile gloves have a good grip and are resistant to cuts and abrasions, as well as chemical deterioration. These features of nitrile gloves are driving their demand in various global companies.
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Key segments covered by the Nitrile gloves Industry survey
- By type:
- Powder-free nitrile gloves
- Powdered Nitrile Gloves
- By product:
- Nitrile Disposable Gloves
- Durable Nitrile Gloves
- By end use:
- Medical & Health
- petroleum gas
- Food and drinks
- Metal and machinery
- Chemicals & Petrochemicals
- Clean rooms
- By region:
- North America
- Latin America
- East Asia
- South Asia and Oceania
Leading companies are focusing on two key strategies to expand their product portfolios in the nitrile gloves market: product development and the use of new materials. The use of special techniques to acquire allergy-free raw latex and the introduction of an antimicrobial substance into nitrile gloves are expected to bring value-added gains in clinical uses.
- As demand for hand protection increased following the COVID-19 pandemic, Hartalega Holdings Berhad said in March 2020 that it had purchased land to expand its glove production plant in Sepang, Malaysia.
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The key players in the Nitrile gloves Market
- Ansell Ltd
- Top Gant Corporation Bhd
- Hartalega Holdings Berhad
- Unigloves (UK) Limited
- Adenna LLC
- Kossan Rubber Industries Bhd
- Superior Gloves
- MCR Security
Main takeaways from Nitrile gloves Market research
- Disposable nitrile gloves should only be used once and discarded. Disposable nitrile gloves have a number of advantages including cost effectiveness and safety assurance. Over the next few years, these factors are expected to fuel product demand.
- Healthcare facilities are now using powder-free nitrile gloves instead of latex gloves because powder-free gloves are less form-fitting after being coated with acrylics, silicones, hydrogels, or chlorinated. Since the powder-free gloves leave no residue, they can also be used in the automotive sector.
- The global sales of nitrile gloves are expected to grow rapidly at a CAGR of 23% from 2022 to 2026.
- The US nitrile gloves market is valued at around US$13 billion in 2022.
- The global nitrile gloves market is expected to reach US$94 billion by the end of 2026.
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