Asia Pacific Medical Gloves Market share was valued at USD 1,664.7 million in 2019 and is expected to witness 16.7% CAGR from 2020 to 2026.
Medical gloves act as a protection to avoid infection among patients and healthcare professionals. Growing incidence of pandemic diseases such as COVID-19 and swine flu, increases the demand for medical gloves across the region. Rising awareness pertaining to safety among patients and healthcare providers in order to inhibit infections through medical examinations and surgeries is further driving the market growth. Growing number of healthcare facilities across the region is also fostering the demand for medical gloves that in turn will propel the market growth positively.
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Over the past few years, the demand for medical gloves has increased owing to the continuously rising number of healthcare settings. With growing number of healthcare facilities that leads to increase in medical procedures, consultation visits, and medical examination, a rapid adoption of medical gloves will be foreseen. Furthermore, the onset of COVID-19 has led to robust expansion of healthcare facilities to accommodate exponentially increasing number of infected patients. As a result, the rising significance of hand protection equipment including medical gloves has emerged that in turn is expected to drive the market growth in the coming years. These gloves provide protection against cross-contamination during consultation visits and surgeries. Diagnostic and clinical laboratories are widening their capacities to better serve detection and research on drug development for treating coronavirus infection. With highly contagious nature of the virus, these settings possess high risk of infection transmission and hence, will create momentous demand for medical gloves. Thus, the aforementioned factors will drive the overall market growth across the region.
Asia Pacific Market, By Product
By product, the Asia Pacific medical gloves market is segmented into latex gloves, nitrile gloves, vinyl gloves, neoprene gloves and others. Latex gloves segment held over 45% market share in 2019. The high market share is attributed to the widely used medical glove among healthcare professionals due to its high tactile property, durability, flexibility among others. However, due to its several side effects such as inflammation, allergic to skin etc. non-latex gloves such as nitrile gloves, vinyl gloves are trending and is expected to overcome latex gloves market during the forecast period. Hence, the above-mentioned factors are some of the attributes due to which market will witness steady growth in the coming years.
Asia Pacific Market, By Form
On the basis of form, the market is bifurcated as powder-free gloves and powdered gloves. Powder-free gloves segment was valued at around USD 1,209 million in 2019 and is expected to follow the same trend in the coming years. This is due to the growing demand for powder-free gloves across various applications in the healthcare industry. In addition, powder-free gloves are cost effective, affordable and does not cause sweating that makes it more popular among healthcare professionals. Hence, owing to the above mentioned factors the market will witness a positive growth in the coming years.
Asia Pacific Market, By Application
By application, the Asia Pacific medical gloves market is segmented into examination and surgical gloves. Examination glove segment witnessed the largest revenue in 2019 and was valued at around USD 1,186 million. Examination gloves assist in providing optimal protection against contaminants, infection and chemicals. For instance, nitrile examination gloves are one of the most preferred choice among healthcare professionals. As these gloves offer protection against pathogens and reduces the risk of allergy compared to latex examination gloves. Hence, the aforementioned factors will drive the overall market growth in the forthcoming years across the region.
Asia Pacific Market, By Usage
By usage, the market is segmented into disposable and reusable. Disposable gloves segment witnessed the largest revenue in 2019 and was valued at around USD 1,310 million and is anticipated to follow the same trend in the coming years. Healthcare professionals across the region rely on disposable medical gloves. These gloves provide protection to healthcare providers and patients from cross-contamination. Growing concern regarding hand safety during COVID-19 pandemic, has further propelled the market growth positively. Hence, the abovementioned factors will drive the market growth in the coming years.
Asia Pacific Market, By Sterility
By sterility, the Asia Pacific medical gloves market is bifurcated as sterile gloves and non-sterile gloves. Sterile gloves segment is expected to expand at 17.3% CAGR from 2020 to 2026. Sterile gloves protect the patients and healthcare providers from contamination, bacterial infection and other pathogens during the procedure or while performing diagnostic test. Furthermore, growing number of surgical procedures will further drive the demand for these gloves that in turn will propel the overall market growth in the coming years.
Asia Pacific Market, By Distribution Channel
By distribution channel, the market is segmented into brick & mortar and e-commerce. Brick and mortar segment held the largest revenue in 2019 and was valued at around 1,134 million. The high market share is owing to the several factors such as product accessibility, customer satisfaction, no shipping cost, offers customers to check the quality of gloves. Hence, the aforementioned factors will propel the segmental growth positively in the coming years.
Asia Pacific Market, By End-use
By end-use, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic centers and others. Hospitals segment held the largest revenue in 2019 and was valued at around USD 646 million. The high growth rate is owing to the growing demand for medical gloves in hospitals in order to protect the patient and healthcare professionals from spreading the germs. Growing incidence of nosocomial infections in hospitals have further led to the demand for medical gloves among healthcare workers, nurses and surgeons. In addition, the recent COVID-19 pandemic has uplifted the demand for medical gloves across the region. Hence the abovementioned factors will drive the market growth in the coming years.
Asia Pacific Market, By Country
Japan medical gloves market held the largest revenue in 2019 and was valued at around USD 568 million. This high market share is attributed due to several reasons including growing geriatric population coupled with chronic diseases, rapid spread of COVID-19, rise in hospital admissions. In addition, growing awareness regarding safety against pathogens is further boosting the demand for medical gloves in the country. Hence, these factors are anticipated to propel the market growth positively in the coming years.
Competitive Market Share
Some of the major industry players involved in Asia Pacific medical gloves market include Top Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, Cardinal Health, Inc., Ansell Limited, SHIELD Scientific and Medline Industries, Inc., These industry players are undertaking several inorganic strategies such as collaborations, mergers and acquisitions to maintain their market position. For instance, in October 2018, Ansell acquired the Digitcare business from Digitcare Corporation, that offers exam and specialty gloves. This strategy strengthened the company’s portfolio and helped in generating more revenue.
During 1900’s latex medical glove was in high demand, later after a few decades due to several side effects various other non-latex medical gloves were manufactured and they still continue to be trending in the market. Some of the non-latex medical gloves are nitrile, vinyl and others. These gloves have become essential during the surgical and non-surgical procedures to reduce the risk of infection among healthcare professionals and patients. Over the past few years’ various advancements have occurred in the medical glove industry and due to presence of major players in the region, Asia Pacific will witness a lucrative growth in the coming years.