GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027) - PowerPoint PPT Presentation

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GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027)

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Title: GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027)


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027)
  • GCC Medical Gloves Market, By Raw Material (Latex
    Rubber Material Gloves, Nitrile Rubber Material
    Gloves, Vinyl Material Gloves, Polyisoprene
    Gloves), By Product Type (Examination Gloves,
    Surgical Gloves, Chemotherapy Gloves), By Form
    (Powdered Form Gloves, Powder-Free Form Gloves),
    By Type of Use (Disposable Medical Gloves,
    Re-usable Medical Gloves), By End Use (Hospital
    Use, Clinic Use, Ambulatory Surgery Center Use,
    Diagnostic Imaging Center Use, Rehabilitation
    Center Use), By Distribution Channel (Direct
    Selling Channel, Medical Store Channel,
    E-Commerce Channel, Other (Retail Store or
    Hypermarket) Channel), and By Region (Saudi
    Arabia, UAE, Qatar, Bahrain, Oman, Kuwait) -
    Size, Share, Outlook, and Opportunity Analysis,
    2020 - 2027

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  • Medical gloves are a hand protection equipment,
    which are worn on the hands to prevent cross
    contamination between doctor or caregiver and
    patient during surgical procedure, medical
    examination and chemotherapy.

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  • Statistics
  • GCC medical gloves market is estimated to account
    for US 263.0 Mn in terms of value by the end
    of 2027.

5
  • GCC Medical Gloves Market Drivers
  • Increasing awareness regarding health and safety
    is expected to propel growth of GCC medical
    gloves market over the forecast period. Medical
    gloves are one part of an infection-control
    strategy. Medical gloves help to reduce the risk
    of contamination of health-care workers hands
    with blood and other body fluids and to reduce
    the risk of germ dissemination to the environment
    and of transmission from the health-care worker
    to the patient and vice versa, as well as from
    one patient to another.  
  • Moreover, increasing prevalence of chronic
    diseases is expected to boost demand for medical
    gloves. For instance, according to the World
    Health Organization, Saudi Arabia recorded 24,485
    new cases of cancer and 10,518 deaths due to the
    disease in 2018.   

6
  • Statistics
  • Saudi Arabia held dominant position in GCC
    medical gloves market in 2019, accounting
    for 76.1 share in terms of Value, followed by
    UAE and Oman, respectively.

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  • Figure 1 GCC Medical Gloves Market Share ()
    Value, By Region, 2019

8
  • GCC Medical Gloves Market Restraints
  • The GCC medical gloves market is more import
    oriented market with maximum presence of medical
    gloves traders and less of medical gloves
    manufacturers. GCC traders import medical gloves
    majorly from Malaysia, Thailand, and Indonesia,
    resulting in increase in transportation costs of
    medical gloves, which is limiting growth of GCC
    medical gloves market.
  • Moreover, price-based competition due to emerging
    local or domestic players and allergic effects
    arising due to use of latex or natural rubber
    gloves is also expected to hinder growth of the
    market.

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  • GCC Medical Gloves Market Opportunities 
  • Import-oriented GCC medical gloves market in
    expected to creates lucrative growth
    opportunities to set-up more gloves manufacturing
    industries. The number of medical gloves traders
    or importers is high in GCC (mainly importing
    gloves from Malaysia, Thailand, and Indonesia) as
    compared to gloves manufacturers, resulting in
    increase in transportation costs of medical
    gloves, which is expected to create opportunities
    to set-up more number of medical gloves
    manufacturing industries in this region.
  • Moreover, rapidly growing lifestyle diseases and
    an ageing population is also expected to aid in
    growth of the market.

11
  • Statistics
  • GCC medical gloves market was valued at US 131.4
    Mn in 2019 and is forecast to reach a value of
    US 263.0 Mn by 2027 at a CAGR of 7.5 between
    2020 and 2027.

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  • Figure 2 GCC Medical Gloves Market Value (US
    Mn), 2016 2027

13
  • Market Trends/Key Takeaways 
  • Emergence of Covid-19 is expected to boost demand
    for disposable medical gloves. For instance, in
    Saudi Arabia, from March 2, 2020 to 724 pm CEST,
    27 July 2020, there have been 266,941 confirmed
    cases of COVID-19 with 2,733 deaths, as reported
    to the World Health Organization.
  • Although some of the treatments are expensive in
    Dubai, it is becoming a preferred destination due
    to relaxed processes, less waiting period and
    strategic geographic location. Dubai aims to
    attract over 500,000 medical tourists by 2020.
    However, the current Covid-19 pandemic has
    adversely impacted medical tourism in GCC.

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  • Figure 3 Value Chain Analysis

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  • GCC Medical Gloves Market Competitive Landscape
  • Major players operating in GCC medical gloves
    market include, Paul Hartmann AG, Hotpack
    Packaging Industries, LLC, Falcon (Falcon Pack),
    Top Glove Corp Bhd., Deeko Bahrain, Salalah
    Medical Supplies Mfg. Co. LLC, United Medical
    Industries Co. Ltd., and NAFA (NAFA Enterprises,
    Ltd.).

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  • GCC Medical Gloves Market Key Developments
  • Major players in GCC Medical Gloves market are
    focused on adopting collaboration strategies to
    expand their product portfolio. For instance, in
    August 2019, Top Glove Corporation Bhd awarded
    the Top Glove Industrial Collaboration Grant to
    University Teknologi Malaysia to perform glove
    industry-related research

17
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18
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