August 06, 2020
According to the research report titled ‘Surgical Gloves Market Size By Product, By Form, By Usage, By Sterility By Distribution Channel , By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global surgical gloves market is expected to display an appreciable growth rate during 2020-2026.
Growing product demand from doctors and surgeons across medical & healthcare establishments on account of increasing number of surgeries across the globe due to accidents and prevalence of various diseases are driving the growth of global surgical gloves market.
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Based on product, global surgical gloves market is classified into nitrile gloves, latex gloves, neoprene gloves, vinyl gloves, and others. As per the projections, neoprene surgical gloves segment will record a yearly growth rate of 18% during the forecast years.
Regarding the form, global surgical gloves market is categorized into powder-free gloves and powdered gloves, of which, the former segment attained a valuation of USD 400 million in 2019 and is predicted to showcase strong growth in the upcoming years, claims the report. Cornstarch is generally used in these gloves and they can efficiently absorb sweat, thereby providing relief to surgeon during a long surgery session.
With respect to the usage, global surgical gloves market is split into reusable gloves and disposable gloves. The reusable surgical gloves segment is predicted to witness a CAGR of 8% over the study period.
In terms of sterility, global surgical gloves market is bifurcated into sterile gloves, and non-sterile gloves. The non-sterile surgical gloves segment was appraised at USD 190 Million in 2019 and is expected show considerable gains in the upcoming years.
Elaborating on distribution channel, global surgical gloves market is split into brick & mortar and e-commerce, among which, the former segment held over 65% market share in 2019.
Speaking of the end-use spectrum, global surgical gloves market is fragmented into ambulatory surgery centers, clinics, hospitals, diagnostic centers, and others.
As per the regional analysis contained in the report, Middle East & Africa surgical gloves market reached a valuation of USD 128 million 2019 and projected to register 11.5% CAGR through 2026. On the contrary, Latin America surgical gloves market was worth USD 175 million in 2019 and is estimated to record a y-o-y growth rate of 12% over the analysis timeline.
Prominent industry players include Sun Healthcare Sdn Bhd (Adventa Berhad), Leboo Healthcare Products Ltd., Medline Industries, Inc., Erenler Medikal San. Tic. Ltd., Berner International GmbH, Ansell Ltd., Cardinal Health, Inc., Kossan Rubber Industries Bhd., Semperit AG Holding, Supermax Corp. Berhad, and Top Glove Corporation Berhad.