Nitrile Medical Gloves Market - Forecast 2020 - 2025
Nitrile Medical Gloves Market Size in 2019 is estimated to be $983 million and is growing at a CAGR of 7.2% during the forecast period 2020-2025. Nitrile is one of the most preferred materials for manufacturing gloves. Nitrile gloves are widely used across all industries worldwide and are frequently used to provide safety and protection. Nitrile is latex-free and provides three times more puncture resistance than standard latex exam gloves. Nitrile gloves are known for providing maximum protection with the ability to provide chemical protection. Rising awareness regarding hygiene and rising demand for disposable gloves in medical applications are the major factors driving the growth of the market. Furthermore, the high prevalence of chronic diseases further increases the demand for nitrile medical gloves.
Key Takeaways
In 2019, North America dominated the nitrile medical gloves market owing to increasing concern related to diseases, technological advancement and rising demand for disposable gloves.
Rising awareness regarding hygiene and rising prevalence of chronic disease are likely to aid in the market growth of nitrile medical gloves.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the nitrile medical gloves market report.
The high cost of nitrile gloves and lack of knowledge about hygiene are challenging the growth of the market.
Challenges – Nitrile Medical Gloves Market
The high cost of nitrile gloves creates a hurdle for the growth of the market. Moreover, the lack of knowledge about hygienic products in rural areas and increased the cost burden on manufacturers, further increases the expense of the product and thus restraining the growth of the market.
Nitrile Medical Gloves Industry Outlook
Product launches, Merger & Acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the nitrile medical gloves market. Nitrile Medical Gloves top 10 companies are Ansell, Hartalega Holdings Berhad, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Ltd., Supermax Corporation Berhad, Rubberex, Adventa Berhad, Kimberly Clerk and 3M Company.
Key Takeaways
In 2019, North America dominated the nitrile medical gloves market owing to increasing concern related to diseases, technological advancement and rising demand for disposable gloves.
Rising awareness regarding hygiene and rising prevalence of chronic disease are likely to aid in the market growth of nitrile medical gloves.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the nitrile medical gloves market report.
The high cost of nitrile gloves and lack of knowledge about hygiene are challenging the growth of the market.
Request SampleBy Application - Segment Analysis
Based on the application, Nitrile Medical Gloves Market is segmented into examination gloves, surgical gloves, chemotherapy gloves, and others. The surgical gloves segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.8% during the forecast period 2020-2025. This is mainly owing to its features such as high tensile strength, sensitivity, tactility and accuracy that are driving its demand. Also, its resistance to needlestick injury & abrasions, protection from contamination and preventing bacteria and other pathogens from entering the sterile surgical area.
By Use - Segment Analysis
Based on the use, the nitrile medical gloves market is segmented into disposable and reusable. In 2019, disposable held the largest share in the nitrile medical gloves market. This is mainly owing to the growing demand for disposable gloves in pharmaceuticals, biotechnology industry, healthcare, and medical facilities among others and helps to protect germs and infection from spreading to other persons. Moreover, rising awareness about health safety and the growing number of surgeries across the globe are contributing to the dynamic growth of this segment.
Based on the application, Nitrile Medical Gloves Market is segmented into examination gloves, surgical gloves, chemotherapy gloves, and others. The surgical gloves segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.8% during the forecast period 2020-2025. This is mainly owing to its features such as high tensile strength, sensitivity, tactility and accuracy that are driving its demand. Also, its resistance to needlestick injury & abrasions, protection from contamination and preventing bacteria and other pathogens from entering the sterile surgical area.
By Use - Segment Analysis
Based on the use, the nitrile medical gloves market is segmented into disposable and reusable. In 2019, disposable held the largest share in the nitrile medical gloves market. This is mainly owing to the growing demand for disposable gloves in pharmaceuticals, biotechnology industry, healthcare, and medical facilities among others and helps to protect germs and infection from spreading to other persons. Moreover, rising awareness about health safety and the growing number of surgeries across the globe are contributing to the dynamic growth of this segment.
Inquiry Before BuyingGeography - Segment Analysis
In 2019, North America dominated the nitrile medical gloves market share accounting for 33% of the market. This is mainly owing to increasing concern related to disease and rising demand for disposable gloves. According to the Food and Drug Administration, the office of food additive safety, division of food contact notification reviews gloves which is submitted for food-contact use in the food industry based on glove’s formulation or components. FDA approves gloves that are used for medical purposes. These food gloves are certified for food handling and food preparation in North America. FDA approved for foodservice and food processing in the U.S. and Canadian Food Inspection Agency (CFIA) for Canada.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is mainly owing to growth in the healthcare sector especially in China, India and South Korea. Also, growth in awareness of safety and hygiene amongst healthcare providers and patients are contributing to the dynamic growth in nitrile medical gloves market.
In 2019, North America dominated the nitrile medical gloves market share accounting for 33% of the market. This is mainly owing to increasing concern related to disease and rising demand for disposable gloves. According to the Food and Drug Administration, the office of food additive safety, division of food contact notification reviews gloves which is submitted for food-contact use in the food industry based on glove’s formulation or components. FDA approves gloves that are used for medical purposes. These food gloves are certified for food handling and food preparation in North America. FDA approved for foodservice and food processing in the U.S. and Canadian Food Inspection Agency (CFIA) for Canada.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is mainly owing to growth in the healthcare sector especially in China, India and South Korea. Also, growth in awareness of safety and hygiene amongst healthcare providers and patients are contributing to the dynamic growth in nitrile medical gloves market.
Schedule a CallDrivers – Nitrile Medical Gloves Market
Rising awareness regarding hygiene
Growing prevalence of diseases such as swine flu, HIV and other diseases has created an increased awareness regarding hygiene. This is boosting the demand for nitrile medical gloves market. Growing consciousness about health is also driving the growth of the market. Moreover, favorable government policies for the growth of the healthcare sector is also contributing the dynamic growth.
Growing number of contagious diseases
An increase in the number of contagious diseases across the globe is driving the growth of the market. Contagious diseases are detected and diagnosed with the help of the medical test. Moreover, a rising number of infectious diseases and improved healthcare facilities is contributing to dynamic growth.
Rising awareness regarding hygiene
Growing prevalence of diseases such as swine flu, HIV and other diseases has created an increased awareness regarding hygiene. This is boosting the demand for nitrile medical gloves market. Growing consciousness about health is also driving the growth of the market. Moreover, favorable government policies for the growth of the healthcare sector is also contributing the dynamic growth.
Growing number of contagious diseases
An increase in the number of contagious diseases across the globe is driving the growth of the market. Contagious diseases are detected and diagnosed with the help of the medical test. Moreover, a rising number of infectious diseases and improved healthcare facilities is contributing to dynamic growth.
Challenges – Nitrile Medical Gloves Market
The high cost of nitrile gloves creates a hurdle for the growth of the market. Moreover, the lack of knowledge about hygienic products in rural areas and increased the cost burden on manufacturers, further increases the expense of the product and thus restraining the growth of the market.
Nitrile Medical Gloves Industry Outlook
Product launches, Merger & Acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the nitrile medical gloves market. Nitrile Medical Gloves top 10 companies are Ansell, Hartalega Holdings Berhad, Dynarex Corporation, United Glove Inc., Kossan Rubber Industries Ltd., Supermax Corporation Berhad, Rubberex, Adventa Berhad, Kimberly Clerk and 3M Company.
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