Medical Gloves Market to witness major growth in coming years

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Medical Gloves Market outlook with industry
review and forecasts
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Medical Gloves Market

• Globally, the medical gloves market forecast is
  expected to be driven by regulatory mandates for
  hygienic practices to prevent any
  cross-contamination between the healthcare
  personnel and patients. Increase in number of
  contagious diseases is another key factor fueling
  the adoption of medical gloves. Rapid growth in
  the number of surgeries will be a major factor in
  enhancing the product manufacturing efforts.
• Major surgeries such as cardiac operations,
  transplant procedures and reconstructive
  surgeries, that are critical and can lead to
  spread of infections in case of negligence, are
  witnessing a gradual increase. Surgical gloves
  play a vital role in prevention of infection
  transmission. According to World Health
  Organization, over 234 million major surgical
  procedures are undertaken annually across the
  globe.

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Continued...

• Rising number of surgical procedures in
  healthcare facilities will in turn trigger the
  demand for medical clothing and equipment.
  Moreover, growing awareness regarding hygiene and
  safety practices will further contribute towards
  the product sales in the coming years. Medical
  gloves market size is forecast to surpass USD
  13.5 billion I value by 2026, worldwide.
• Contagious diseases are generally detected and
  diagnosed with the help of a medical test.
  Expanding number of infectious disease cases,
  like tuberculosis, is resulting in large-scale
  medical testing requirement. As per the National
  Centre for Health Statistics, in 2017 the number
  of new TB cases in the U.S. was 9,105. The rising
  number in turn will bolster the demand for
  examination gloves to prevent cross contamination
  between doctors and patients.
• Currently, the detection and diagnosis of various
  diseases is widely done using examination gloves.
  Strict norms regarding the hygiene while
  examining patients may fuel the product
  penetration. With nearly 71.4 share in 2019,
  examination gloves segment dominated the overall
  medical gloves market.

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Continued...

• Disposable gloves are made up of a very thin but
  durable material and can be simply removed. In
  2019, sterile gloves segment generated a revenue
  of over USD 2.9 billion for the industry. These
  gloves are primarily used for surgeries due to
  beneficial characteristics including strict
  packaging standards and high quality. Rising
  number of surgeries across the globe will
  stimulate sterile gloves adoption.
• Hospitals, as a key end user of medical gloves,
  dominated the industry with a revenue of over USD
  2.7 billion in 2019. As the number of diseases
  are on rise, so are the number of healthcare
  professionals and hospitals to tackle them. This
  has triggered the adoption of medical gloves in
  facilities across the globe. Additionally,
  increasing occurrence of surgeries in hospitals
  will certainly bolster product demand.

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Continued...

• Malaysia medical gloves market size is likely to
  exhibit a CAGR of 16.6 over the projected
  timeframe. Such high growth rate can be
  attributed to various factors including rise in
  healthcare expenditure, rising demand for quality
  healthcare as well as presence of global market
  players. For instance, Top Glove, a major glove
  manufacturing company, has one of its units in
  Malaysia. Moreover, growing consumption of gloves
  in public hospitals across the region will
  supplement industry outlook.

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