The global market for examination gloves is poised for significant growth, projected to achieve a market value of USD 16.0 Billion by 2033, with a robust compound annual growth rate (CAGR) of 7.3% during the forecast period from 2023 to 2033. This expansion follows a steady increase, with the market reaching USD 7.91 Billion in 2023, growing at a CAGR of 3.2% from 2018 to 2022.
Key factors driving this growth include heightened demand for examination gloves, particularly in healthcare settings, aimed at reducing virus transmission risks among medical professionals. The adoption of double-layer examination gloves has notably boosted market sales, with disposable variants witnessing rapid uptake during viral outbreaks. The shift towards powder-free variants, known for reduced allergenic risks and residue-free properties, further propels market expansion.
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“The global market for examination gloves is experiencing dynamic growth, driven by increasing surgical procedures and infections worldwide, coupled with growing awareness of health and safety standards,” noted a Future Market Insights, a leading market research and competitive intelligence provider.
The versatility of latex gloves, which minimize cross-contamination during medical examinations, continues to amplify market demand, positioning them as preferred choices across various healthcare applications.
As the market evolves, innovations in product development and stringent adherence to quality standards are anticipated to shape future growth trajectories, catering to the escalating needs of healthcare institutions globally.
Key Takeaways: Examination Gloves Market
- The global examination glove market is booming, expected to reach USD 16 billion by 2033 (from USD 7.91 billion in 2023).
- Malaysia, a leading producer, faces production challenges due to labor shortages caused by lockdowns.
- Demand for gloves (especially in the US and Europe) is outpacing production, putting pressure on manufacturers.
- Malaysian glove makers are seeking government approval to operate at full capacity with their entire workforce.
- Manufacturers are likely to focus on increasing production and securing government support.
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Competitive Landscape:
- The report you mentioned doesn’t provide specific competitor analysis, but based on news sources, Malaysia is a dominant player with manufacturers like Top Glove Corp. Bhd.
- However, recent lockdowns have hampered production in Malaysia, creating a supply shortage.
- High demand, particularly from the US and Europe, is outpacing current production capacity, putting pressure on manufacturers to increase output.
- This creates an opportunity for competitors outside of Malaysia to gain market share by expanding production.
- Manufacturers are expected to focus on:
- Increasing production volume: This could involve expanding facilities, optimizing production processes, and potentially automating tasks.
- Lobbying for government support: Obtaining permission to operate at full capacity and potentially seeking financial assistance for expansion.
Major players covered in Examination Gloves are
Ansell, Halyard Health, Sri Trang Group, Top Glove, Kossan Rubber, Bluesail, INTCO Medical, Cardinal Health, Molnlycke Health Care, Motex Group, Supermax and Other
Examination Gloves Market Segmentation: 2023 to 2033
Material:
- Latex
- Nitrile
- Vinyl
- Others (e.g., neoprene, polyethylene)
Application:
- Medical (hospitals, clinics, dental offices)
- Dental
- Laboratory research
- Food processing
- Other industrial applications
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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