Latex Gloves Market Research Report - Global Forecast till 2030

Latex Gloves Market Research Report Information by Form (Powdered and Non-powdered), by Sterile Type (Sterile and Non-sterile), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Diagnostic Centers, Rehabilitation Centers and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/IA - E/8646-HCR | 120 Pages | Author: Snehal Singh | June 2023         

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Latex Gloves Market

Latex Gloves Market Size is expected to at a CAGR of 9% during the forecast period 2022-2030

By Form Powdered Non-powdered
By Sterile Type Sterile Non-sterile
By End User Hospitals & Clinics Ambulatory Surgery Centers Diagnostic Centers Rehabilitation Centers Others
Key Players
Companies Profiled   Ansell Healthcare (US)    Hartalega Holdings Berhad (Malaysia)    Cardinal Health (US)    Top Glove Corporation Bhd (Malaysia)    Kossan Rubber Industries Bhd (Malaysia)    Supermax Corporation Berhad (Malaysia)    Clean Q Grip (Malaysia)    MREPC MARKETPLACE (Malaysia)    SHIELD Scientific (The Netherlands)    Rubberex (Malaysia)    UG Healthcare (Malaysia)    Valutek (US).
Market Driving Forces   Rising concerns regarding hygiene product quality and safety the latex gloves market is projected to grow exponentially in the near future.    rising awareness regarding hygiene and safety among healthcare workers and patients.
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Global Latex Gloves Market Research (MRFR Insights)

The  latex gloves market is projected to register a CAGR of 9% from 2022 to 2030. Disposable latex gloves are goods designed primarily for medical exams and surgical operations. The characteristic that makes it advantageous is that it lessens patient-health professional cross-contamination. The  latex gloves market size is expected to reach approximately USD significant Market value by 2030. As per the  latex gloves market report, the market for latex gloves is expanding as a result of increased hygienic and safety consciousness in the healthcare industry. These gloves are extensively used in many industrial sectors, including the food, biotechnology, healthcare, pharmaceutical, and automotive industries. The gloves offer protection while coming into personal touch with dangerous substances, flammable materials, and unsanitary environments. The market for latex gloves is being driven by the increased demand from end users for worker safety, hygiene, and protection against hazardous substances.

COVID-19 Impact Analysis

The  economy and healthcare system suffered as a result of the COVID-19 pandemic. The  lockdown has an effect on the supply chains for medical devices, biotech products, and pharmaceuticals. The focus has been on research and development on the other side. All governmental agencies and healthcare industry participants favor the development of COVID-19 diagnostics and treatment options. The clinical management of COVID-19 must include preventing hospital-acquired infections because they are a common aspect of novel coronavirus outbreaks and can be spread by medical gloves. 11.3% of COVID-19 patients in 314 hospitals in the United Kingdom contracted the virus after being admitted, according to the study "Hospital-Acquired SARS-CoV-2 Infection in the United Kingdom's First COVID-19 Pandemic Wave," which was published in August 2021. In May 2020, this rate jumped to 15.8%. As a result, the outbreak has affected how healthcare facilities handle infections picked up in hospitals.

 Latex Gloves Market Dynamics

The growing awareness of cleanliness and safety among medical professionals and patients is the major factor propelling the  market for latex gloves. The pharmaceutical, healthcare, food, biotechnology, automotive, and other industries have all employed latex gloves. When performing various tasks that include hazardous chemicals, reactive materials, or unsanitary circumstances, latex gloves help protect. The need for latex gloves is expected to increase in the future due to the need for worker safety, product quality control, hygiene, and chemical protection. Additionally, doctors, nurses, and surgeons are increasingly using latex gloves to prevent infections and other risks. Furthermore, latex gloves can be used for washing and cleaning the home. Because of the growing attention being paid to hygiene, product quality, and safety, the market for latex gloves is expected to rise steadily in the future.

 Latex Gloves Market Drivers

  • The increasing demand for latex gloves across a range of end uses

During the  latex gloves market forecast period, the increase in demand for latex gloves across a range of end-use sectors, including chemical, automotive aftermarket, food processing, food service, pharmaceutical, and industrial research & development, is anticipated to have a significant impact on  latex gloves market growth. The use of latex gloves across many industries, particularly the food & beverage processing and the food service industries ly, is primarily driven by the rising consciousness regarding health and hygiene and the shifting focus towards cleanliness and a safe environment.

Market Restraints:

  • High Medicaid funding

The main concern for the manufacturers is the hazards related to wearing latex gloves. Some polymers are one of the main sources of irritability for some doctors and may prevent future business growth. However, skin allergies and irritation produced by latex gloves are important restrictions to its growth. Solvent-based adhesives are being transitioned out of the gloves due to small puncture holes existing in the gloves, which will challenge the  market growth rate.

Latex Gloves Market Opportunities:

  • The rise in investment and stringent regulations by the government

Over the projection period, industry growth is anticipated to be fuelled by strict legislation, high expenditures connected with workplace risk, and expanding industry participant awareness of worker safety & security at work. Governments from all over the world are spending a lot of money to ensure that there will be enough Personal Protective Equipment (PPE), which includes items like gowns, gloves, face shields, and masks, during the pandemic in 2020. In order to provide PPE directly and gain a competitive edge, major market players are also collaborating with hospitals, medical facilities, and NGOs.

Latex Gloves Market Segment Overview

By Form Insights

Based on form, the  latex gloves market has been divided into powdered and non-powdered. The  latex gloves market growth was prominently high under the non-powdered segment held a major share in 2021. Due to their chlorination, these gloves are less form-fitting, eliminating the need for powder and facilitating easy don and take off. Throughout the projection period, it is predicted that demand for these gloves will increase due to their popularity in sectors like medical, food processing, and chemical.

By Sterile Type Insights

Based on sterile type, the  latex gloves market is divided into sterile and non-sterile. The silicone hydrogel lens category dominated the market for contact lenses in 2021 due to non-sterile gloves are being used more frequently for a variety of treatment and examination purposes in different hospitals, clinics, ambulatory surgery centers, etc. Non-sterile gloves for non-surgical operations are economical and carry a low risk of infection. Unlike sterile gloves, which are often single use and must be thrown away after use, these gloves can be worn more than once.

By End-User Insights

Based on the end-user, the market is divided into diagnostic centers, hospitals & clinics, ambulatory surgery centers, rehabilitation centers, and others. The hospitals & clinics segment had a significant share in 2021 due to the fact that doctors and patients frequently use them to stop cross-contamination and the spread of pathogens during medical tests and procedures.

 Global Latex Gloves Market Share, by Region, 2021 (%)
Latex Gloves Market Share, by Region, 2021

 Latex Gloves Market Overview, by Region

By region, the  latex gloves market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share. Asia Pacific will exhibit the highest CAGR during the forecast period.

North America

North America dominated the market share in 2021. The COVID-19 countries that the U.S. was one of the worst hits. Throughout the epidemic, there was an abrupt increase in demand for disposable gloves in North America. Additionally, the increased prevalence of chronic diseases, the growing geriatric population, rising healthcare costs, and higher demand for surgical operations in the area are some of the key factors that have accelerated the expansion of the North American disposable glove market

Asia Pacific

As per the  latex gloves market research, Asia Pacific accounted for the second-largest market share in the  market in 2021. In the forecast year, it is anticipated that the demand for disposable gloves will increase due to the fast-expanding medical and healthcare sector as well as rising investments in other sectors, including food and beverage, chemical and petrochemicals, construction, and mining. The Asia Pacific disposable glove market is expanding as a result of growing awareness of health, hygiene, healthcare-associated illnesses, and other infections.

 Latex Gloves Market Competitive Landscape

The market includes tier-1, tier-2, and local players. The key market participants generally pursue the new market categories. In manufacturing, specialized robots programmed for a particular work environment are generally preferable to the crash barrier systems. Investment is anticipated to strengthen the company's leadership in sterile packaging solutions. Furthermore, In April 2022, in partnership with the Agency for Development of Pharmaceutical Industry (ADPI) under the Health Ministry of Uzbekistan and Ayu Pharm LLC, surgical latex gloves were first produced in Kyrgyzstan.

Key players in the  market include Ansell Healthcare (U.S.), Hartalega Holdings Berhad (Malaysia), Cardinal Health (U.S.), Top Glove Corporation Bhd (Malaysia), Supermax Corporation Berhad (Malaysia), Kossan Rubber Industries Bhd (Malaysia), MREPC MARKETPLACE (Malaysia), SHIELD Scientific (The Netherlands), Clean Q Grip (Malaysia),  Rubberex (Malaysia), U.G. Healthcare (Malaysia), Valutek (U.S.)., among others.

Scope of the Latex Gloves Market Segmantation

By Form Outlook

  • Powdered

  • Non-powdered

By Sterile Type Outlook

  • Sterile

  • Non-sterile

By End-User outlook

  • End-User

  • Hybrid

  • Polymethyl Methacrylate (PMMA)

By Region Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East

    • Africa

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Latex Gloves Market Forecast & Size:

To identify and estimate the  latex gloves market size for the  contact lenses segmented by form, sterile type, and end user by value (in US dollars). Also, to understand the consumption/ demand created by consumers of latex gloves between 2022 and 2030

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges.

  • Market Influencing Factors:

To find out the factors which are affecting the sales of latex gloves among consumers

  • Impact of COVID-19:

To identify and understand the various factors involved in the market affected by the pandemic

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Latex gloves producers

  • Raw material suppliers

  • Retailers, wholesalers, and distributors

  • Governments, associations, and industrial bodies

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   9% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Form, Sterile Type and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Ansell Healthcare (US), Hartalega Holdings Berhad (Malaysia), Cardinal Health (US), Top Glove Corporation Bhd (Malaysia), Kossan Rubber Industries Bhd (Malaysia), Supermax Corporation Berhad (Malaysia), Clean Q Grip (Malaysia), MREPC MARKETPLACE (Malaysia), SHIELD Scientific (The Netherlands), Rubberex (Malaysia), UG Healthcare (Malaysia), and Valutek (US).
  Key Market Opportunities   rising concerns regarding hygiene, product quality, and safety, the latex gloves market is projected to grow exponentially in the near future.
  Key Market Drivers   rising awareness regarding hygiene and safety among healthcare workers and patients.

Frequently Asked Questions (FAQ) :

The  latex gloves market forecast period is 2022 - 2030

The market is expected to register a CAGR of 9% over the next 10 years, according to the  latex gloves market research.

Asia Pacific is expected to register the highest CAGR during 2022 - 2030

North America held the largest share in 2021

The market size is expected to be USD significant Market Value by 2030.

Ansell Healthcare (U.S.), Hartalega Holdings Berhad (Malaysia), Cardinal Health (U.S.), Top Glove Corporation Bhd (Malaysia), and Clean Q Grip (Malaysia) are the major companies operating in the market.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players’ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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