GCC Medical Gloves Market Poised to Reach a Striking US$ 340.3 Million Milestone by 2031

GCC Medical Gloves Market

The GCC Medical Gloves Market share is expected to develop at a solid 7.9% Compound Annual Growth Rate (CAGR) and reach US$ 145.0 million by 2020, according to a recent report by Future Market Insights (FMI). Based on its current trajectory, the market is expected to reach a notable valuation of US$ 340.3 million by 2031.

The evolving lifestyle landscape in the GCC region has ushered in a surge in elective surgeries, driven by choices rather than life-or-death necessities. Notably, cities like Dubai and other Gulf nations witness a rising trend in elective procedures, spanning from plastic surgery to liposuction, rhinoplasty, breast augmentation, breast reduction, blepharoplasty, and beyond. As these elective surgeries become commonplace, the demand for medical gloves escalates, necessitated by the essential supplies required for these procedures.

Crucially, the practice of “double gloving” gains prominence during surgeries to mitigate the risks of glove punctures and potential contamination of sterile surgical equipment. This meticulous approach by healthcare professionals is expected to fuel sustained growth in sales over the assessment period, underlining the dynamic relationship between evolving medical practices and the demand for essential medical supplies in the GCC region.

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Key Takeaways:

• By raw material, the latex material segment is expected to hold 80.2% of the total market share in 2021, expanding at 7.9% CAGR during the forecast period.
• Based on product type, the examination gloves segment is projected to command 55.6% of total sales in 2021, expanding at 8.1% CAGR.
• By form, the powdered form segment is expected to hold 63.7% of the total market share in 2021, expanding at 8.0% CAGR.
• By type of use, sales of disposable gloves are anticipated to hold 90.5% of the total market share 2021, and are to projected to increase at a robust 8.0% CAGR over the forecast period.
• By end use, hospitals will account for 67.2% of total sales in 2021.
• By distribution channel, the direct selling channel will account for 55.1% of the total market share in 2021.
• Kingdom of Saudi Arabia (KSA) is anticipated to hold the largest share of 76.2% of the GCC medical gloves market in 2021.

Who is winning?

Leading players operating in the market are investing in mergers, acquisitions and collaborations with existing players and healthcare institutes to gain a competitive edge. For instance:

In August 2020, Ansell Healthcare Products LLC collaborated with Nordic company ONeMEd with an aim to expand their customer base in the Nordic countries. Ansell is one of the global leaders in hand protection equipment.

The key market players covered by FMI include Paul Hartmann AG,Hotpack Packaging Industries LLC,Falcon (Falcon Pack),Deeko Bahrain,Salalah Medical Supplies Mfg. Co. LLC,United Medical Industries,NAFA Enterprises Ltd.,Liberty Industries, Inc.,Ansell Healthcare,Mckesson Corporation,Cardinal Health, Inc.,Medline Indsutries, Inc.,Dynarex Corporation,Top Glove Corporation Berhad,Kimberly-Clark Corporation,Semperit AG Holding.

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GCC Medical Gloves by Category

Raw Material:

• Latex Material Gloves
• Nitrile Rubber Material Gloves
• Vinyl Rubber Material Gloves
• Polyisoprene Material Gloves

Product:

• Examination Gloves
• Surgical Gloves
• Chemotherapy Gloves

Form:

• Powdered form Gloves
• Powder-free form Gloves

Type of Use:

• Disposable Gloves
• Re-usable Gloves

End User:

• Hospital Use
• Clinic Use
• Ambulatory Surgery Centre Use
• Diagnostic Imaging Centre Use
• Rehabilitation Centre Use

Distribution Channel:

• Direct Selling Channel
• Medical Store Channel
• E-Commerce Channel
• Other (Retail Store or Hypermarket) Channel

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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