Profitable Strategic Report on Disposable Gloves Market by Forecast to 2027 with Included Analysis of New Trends and Updates
Disposable gloves are gloves used for a variety of purposes including medical examinations and other industrial applications to prevent cross-contamination and protect the user’s hands. These gloves aren’t made to be worn all the time, but rather, they’re made to be discarded after use. Disposable gloves are extremely popular in the medical industry as they’re perfect for all sorts of applications, including but not limited to suction applications, alcohol, and chemical applications.
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Continuous research and development activities and new product launches are expected to drive growth of the global disposable gloves market during the forecast period. Key companies in the market are focused on research and development activities, in order to innovate a new product and gain a competitive advantage in the market. For instance, in July 2020, SW, a provider of hand health technologies, introduced a new Bantam brand of thermoplastic elastomer (TPE) gloves to cater to the demand for the shortage of gloves. Furthermore, in August 2020, Lath Nitrile Gloves launched Nitrile Rubber Gloves in the U.K. and U.S. markets. Many companies are focused on the continuous development of gloves that remove the potential transmission of bacteria and other pathogens that can be transmitted via gloves. Thus, these factors are expected to drive growth of the global disposable gloves market during the forecast period. Furthermore, increasing product demand in healthcare, pharmaceutical, chemical, oil & gas, and medical sectors is expected to boost the global disposable gloves market growth over the forecast period.
However, concerns regarding the use of natural rubber latex since they are allergic to some users combined with price fluctuation of rubber are expected to hinder the global disposable gloves market growth over the forecast period. Since healthcare infrastructure is expanding, it can provide significant growth opportunities to market players. Among regions, North America is expected to witness significant growth in the global disposable gloves market during the forecast period. This is owing to the presence of robust healthcare infrastructure and supportive government policies across the region. According to the U.S. Food and Drug Administration (FDA), gloves used for handling tools are certified under Title 21 Code of Federal Regulations Part 177. The components used in the manufacturing of gloves should comply with the FDA regulations. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising investments in the healthcare sector across the region. According to the India Brand Equity Foundation (IBEF), the Government of India is planning to increase public health expenditure to 2.5% of GDP by 2025.
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Key players operating in the global disposable gloves market are Top Glove Corporation Bhd, Ansell Healthcare Products LLC, Supermax Corporation Berhad, Adventa Berhad, Shield Scientific B.V., Cardinal Health, Inc., Semperit AG Holding, Dynarex Corporation, Rubberex Corporation Bhd., Kossan Rubber Industries Bhd., MRK Healthcare Private Limited, and Hartalega Holdings Berhad.
For instance, in June 2019, Top Glove launched BioGreen Biodegradable Nitrile Gloves, a disposable glove that biodegrades in an anaerobic environment.
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