United States Is Set to Remain The Most Lucrative Country in the World’s Largest Medical Gloves Industry: Fact.MR

Fact.MR – A Market Research and Competitive Intelligence Provider: The global Medical Gloves market is forecast to expand impressively at over 10% CAGR through 2021-2031.

A new report on the Medical Gloves market by Fact.MR provides in-depth analysis of the growth scope, demand-supply patterns, and new trends for the forecast period of 2021 to 2031. As stated in the report, high demand for nitrile gloves will favor manufacturers, while their focus will be on lucrative markets such as North America, Europe, and Asia Pacific.

How are Governmental Initiatives Regarding Safety & Hygiene Bolstering Demand for Medical Gloves?

Medical Gloves are a crucial part of maintaining hygiene and facilitating precautionary measures against infectious diseases, and have gained further popularity due to the pandemic. In a report titled “Medical Gloves for COVID-19”, published on 3rd September 2020, the Food and Drug Administration (FDA) has provided regular updates and other guidelines regarding the usage, availability, and other significant points for Medical Gloves, such as-

• The Basics on Medical Gloves and COVID-19
• Shortages of Medical Gloves During COVID-19
• Manufacturing Gloves During COVID-19
• Importing, Purchasing, or Donating Gloves During COVID-19
• Reporting Shortages or Problems with Gloves

Also, in order to expand the availability of medical gloves, the FDA is providing regulatory flexibility as described in the enforcement policy for gloves that is in effect during the COVID-19 public health emergency.

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Segmentation by Category

Material

• Nitrile
• Natural Rubber
• Neoprene
• Polyethylene

Product Type

• Powdered
• Non-powdered

End User

• Medical
• Chemicals
• Automotive
• Oil & Gas
• Others

Why are Manufacturers in the United States Witnessing Sky-high Demand?

The United States is set to remain the most lucrative country in the world’s largest Disposable Gloves industry - North America. Rise in demand from the medical sector, highly advanced manufacturing infrastructure, and favorable governmental rules & regulations are raising the market value for Disposable Gloves in the country.

As stated in a report published by the CDC on 28th February 2017, an estimated 25.7 million (53%) ambulatory surgery procedures were performed in hospitals, while 22.5 million (47%) were performed in ambulatory surgical centers (ASCs) in 2017. As per data obtained from the healthcare sector, some of the most common surgeries in the U.S. are-

• Cataract removal
• Joint replacement
• Angioplasty
• Heart bypass surgery

Key Companies Profiled : Ansell Ltd., The Glove Company, Adenna LLC, Supermax Corporation Bhd, Kossan Rubber Industries Bhd, Medline Industries, Semperit AG Holding, Hartalega Holdings Berhad, Smart Glove Inc.

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Key Challenges Faced by Disposable Glove Suppliers:

Despite being highly sought-after across diverse end-use sectors, disposable glove manufacturers face constraints due to a few negative factors, such as-

• Latex gloves cause skin allergies and reactions
• Most Medical Gloves are unrecyclable and end up in landfills, creating a negative environmental impact
• Latex gloves are not efficient in providing proper protection from chemicals
• Manufacturing processes of Medical Gloves often affect the environment negatively by creating air, water, and soil pollution

Key Questions Answered in Report

• Which are the most lucrative markets for Medical Gloves?
• Which factors will impact demand for Medical Gloves?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the Medical Gloves market?
• What are the winning strategies of stakeholders in the Medical Gloves landscape?

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