The global medical nitrile gloves market is expected to have a market value of USD 5,897.81 million by 2027.
Nitrile medical grade gloves are great for use in healthcare fields of any kind seeing as they protect against bodily fluids, blood borne pathogens and are highly puncture resistant. Increasing incidence of COVID-19, increasing demand and shortage of medical nitrile gloves, and the rising concerns about safety and sanitation is driving the market growth of this market.
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Some of the key players operating in the medical nitrile gloves market are Dynarex Corporation (US)., Shield Scientific B.V. (Netherland), Mercator Medical S.A, (Poland), Hartalega Holdings Berhad (Malaysia),Top Glove Corporation Bhd (Malaysia), Kossan Rubber Industries Bhd (KRI) (Malaysia), Ansell Healthcare (US), Medline Industries, In (US), 3M (US), McKesson Corporation (US), Honeywell International Inc (US), Atrium Medical Care (US), Kimberly Clark (US), SHIELD Scientific (France), Supermax Healthcare Limited (UK).
The global Medical Nitrile Gloves Market Growth based on the type has been segmented into non powdered, powdered. The global medical nitrile gloves market, by usage, has been categorized into disposable, reusable. Based on application, the market is bifurcated into examination, surgical. The global medical nitrile gloves market, by distribution channel, is bifurcated into direct selling, medical store. By end user, the global medical nitrile gloves market, is segmented into hospitals clinics, diagnostic centers, Ambulatory Surgical Centers (ASCs), rehabilitation centers and others.
The global medical nitrile gloves market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World.
The North America has been segmented into market further divided into the US and Canada. The US accounted for the largest share in 2020due to the large number of patients suffering from COVID-19, the high rate of surgical procedures, and the favorable import policies in the region. In addition, the unavailability of enough manufacturers in the region is anticipated to increase the lucrativeness of the market.
The European medical nitrile gloves marke thas been further segmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Rising government initiatives to promote norms related to safety and to find a cure to the increasing number of cases, and growing healthcare expenditure are the major factors driving the growth of the medical nitrile gloves market in the region. Major manufacturers in the region are opting to acquire a profitable product portfolio to generate steady revenues. For instance, In December 2020, Semperit AG Holding (Austria) took over MR Dichtungstechnik GmbH (Germany), a manufacturer of profiles for facade construction based in Seligenstadt near Frankfurt, Germany
The market in Asia Pacific has been segmented into China, India, Japan, South Korea, Australia, and the rest of Asia Pacific. Asia Pacific is expected to register the highest growth rate over the forecast period from 2021 to 2027. This high growth is mainly attributed to the large-scale availability of raw materials, huge export of products from the region, shortage of exam gloves, and dependency of other countries for supplies from the region. Various other factors that influence the growth of the market include the growing cases of infections, the increasing availability of online pharmacies, and the growing number of healthcare professionals working with infectious diseases.
The Rest of the World medical nitrile gloves market is segmented into the Middle East Africa and Latin America. The market for medical nitrile gloves is growing at a significant rate in the region due to the increasing number of companies and subsidiaries in the region offering products. The availability of glove manufacturers, importers, and suppliers in the region is anticipated to increase market size. Some of the companies in the region include NW Hygiene (South Africa), Evergreen Latex (South Africa), Medinox South Africa (Pty) Ltd, Omnisurge Medical Supplies (South Africa), Uni-medical Limited (Unigloves Nigeria), SafeMed Medical Wholesalers (Zimbabwe), Elreda (Egypt), and others.
Key Findings of the Study
The global medical nitrile gloves market is estimated to reach USD 5,897.81 million by 2027 at a CAGR of 13.47%during the assessment period of 2021 to 2027.
The North America accounted for the largest share of the global medical nitrile gloves market due to the large number of patients suffering from COVID-19, the high rate of surgical procedures, and the favorable import policies in the region.
Based on type, thenon-powdered medical nitrile gloves segment accounted for the largest market share of 66.68%in 2020.
By usage, the disposable segment is the fastest-growing segment during the forecast period at a CAGR of 13.92%.
On the basis of application, the market segmented into examination, surgical. The examination segment dominated the market with a CAGR of 14.05%.
Based on distribution channel, the direct selling segment dominated the market with a CAGR of 13.87%.
By end user, the hospitals clinics care segment dominated the market with a CAGR of 14.61%.
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