According to the Graphical Research new growth forecast report titled “Asia Pacific Medical Gloves Market Size By Product (Latex Gloves, Nitrile Gloves, Vinyl Gloves, Neoprene Gloves), By Form (Powder-free Gloves, Powdered Gloves), By Application (Examination Gloves, Surgical Gloves), By Usage (Disposable Gloves, Reusable Gloves), By Sterility (Sterile Gloves, Non-sterile Gloves), By Distribution Channel (Brick and Mortar, E-commerce), By End-use (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers), Industry Analysis Report, Regional Outlook (Japan, China, India, Australia, South Korea, Taiwan, Indonesia, Bangladesh, New Zealand, Pakistan, Malaysia, Thailand, Vietnam), Estimated To Exceed USD 5.2 Billion By 2026
Growing number of contagious diseases across the Asia Pacific will positively impact market growth. Several policies and interventions to prevent and control communicable diseases have not succeeded in eradicating vaccine-preventable diseases in the region. Consequently, contagious diseases remain the leading cause of mortality and morbidity is least and less developed countries in Asia Pacific. According to the Australian Government Department, in 2016, around 400,000 people in Australia were hospitalized as a result of infection with a contagious disease. Additionally, in 2019, approximately 1.9 million people were suffering from hand-foot-mouth disease (HFMD) in China, thereby making HFMD second-most prevalent contagious disease after influenza in the country that year. As a result, the demand for medical gloves in the region has augmented in order to prevent the exposure to the contagious diseases. Furthermore, the demand for medical gloves in the region is exponentially augmenting owing to the increasing incidences of COVID-19 cases in the region since January 2020. Hence, the above-mentioned factors will significantly stimulate the Asia Pacific medical gloves market growth in the coming years.
However, persistent usage of nitrite medical gloves causing contact dermatitis, rhinitis, facial swelling, hand swelling, and competitive pricing are some of the major factors hindering the Asia Pacific medical gloves market growth.
Based on product, the market is segmented into latex gloves, nitrile gloves, vinyl gloves, neoprene gloves and others. Neoprene gloves segment is anticipated to be the fastest growing segment and will expand at 25.4% CAGR from 2020 to 2026. The rapid growth of the segment is owing to the affordability of neoprene gloves. Resistance of neoprene gloves to stretching and some chemicals are other factors contributing to the segmental growth. Moreover, the demand for neoprene gloves is high because they are waterproof and latex-free that prevents the risk of any allergic reactions. Hence, the above-mentioned factors will significantly foster the market growth in the coming years.
Based on form, the Asia Pacific medical gloves market is segmented into powder-free gloves and powdered gloves. Powdered gloves segment is anticipated to witness -0.2% market growth during the estimation time period. The decline in growth is owing to the substantial risk of illness or injury to healthcare providers and patients. Moreover, powdered gloves associated with potentially serious conditions such as wound inflammation and post-surgical adhesions. Hence, the above-mentioned factors, will in turn decline the market growth in the coming years.
Based on application, the Asia Pacific medical gloves market is bifurcated into examination gloves and surgical gloves. Surgical gloves segment is anticipated to expand at 17.2% CAGR and foresee a lucrative growth in the coming years. The rapid growth of the segment is owing to the high sizing range of surgical gloves and growing number of cardiovascular and gastrointestinal surgeries in the region. In addition, the demand for surgical gloves is augmenting as these gloves act as a protective barrier in preventing the possible transmission of diseases between patients and the healthcare professionals during surgeries. Hence, the above-mentioned factors will spur the market growth in the coming years.
Based on usage, the market is segmented into disposable gloves and reusable gloves. Reusable gloves segment is anticipated to foster at 14.5% CAGR from 2020 to 2026. Reusable gloves have high durability and strength. These gloves are made from thick material that provides resistance to hot water and harsh chemicals. Reusable gloves are designed for extended and prolonged use. Therefore, the demand for reusable gloves is augmenting at a moderate pace. Hence, the above-mentioned factors will significantly boost the market growth in the coming years.
Based on sterility, the market is segmented into sterile gloves and non-sterile gloves. Non-sterile gloves segment held significant market share in 2019 and was valued at USD 969 million. The larger share of the segment is owing to their cost-effectiveness. The use of non-sterile gloves has become routine in the delivery of healthcare. Non-sterile gloves are increasingly being used for non-surgical medical procedures and examinations. Therefore, the utilization of non-sterile gloves is expanding significantly. Hence, the above-mentioned factors are some of the attributes that are anticipated to propel the segmental growth in the coming years.
Based on distribution channel, the Asia Pacific medical gloves market is segmented into brick & mortar and e-commerce. E-commerce segment is anticipated to expand at 18.5% CAGR and foresee a lucrative growth in the coming years. The higher growth of the segment is owing to the availability of cost-effective products on e-commerce platform and flexibility provided to the consumers. Asia Pacific region has become an increasingly important market for e-commerce in the recent years. Furthermore, Asia Pacific consists of six of the ten fastest growing retail e-commerce countries. As a result, the distribution of medical gloves through e-commerce in Asia Pacific region is augmenting at a rapid pace. Hence, the above-mentioned factors will stimulate the market growth in the coming years.
Based on end-use, the market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic centers and others. Ambulatory surgical centers are expected to expand at 17.3% CAGR from 2020 to 2026. The higher growth of the segment is owing to increasing geriatric population requiring surgery in the Asia Pacific region. A majority of the population in Asia Pacific prefers going ambulatory surgical centers in order to access cost-effective care. As a result, the demand for medical gloves by the healthcare professionals in ambulatory surgical centers is rapidly increasing. Hence, the above-mentioned factors will significantly drive the Asia Pacific medical gloves market.
China medical gloves held the market share of around 20% in 2019 and is expected to witness considerable growth in the coming years. The Chinese government is engaged in establishing extensive plans for healthcare reforms that is leading to an increase in number of healthcare centers, clinics and hospitals in the country. This is expected to increase expenditure on medical gloves. For instance, the “Healthy China 2020” launched by the National Health and Family Planning Commission aims at enacting stricter infection control standards, enhancing the healthcare system, and increase healthcare expenditure in the country to approximately 6.5% to 7.0% of the total GDP in 2020. Some of the other factors that are contributing to the medical glove market in China include increase in the number of health workers, improvements in living standards, wider insurance coverage, more stringent infection controls and rise in geriatric population. Moreover, presence of numerous market players in the country is uplifting the market growth. For instance, there are approximately 250 medical glove manufacturers in China that are registered with the State Food and Drug Administration (SFDA). Furthermore, the exponentially growing cases of COVID-19 disease is contributing to an increased demand for medical gloves in the country. Hence, the above-mentioned factors will result in augmenting the market growth.
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. among others. These major market players are engaged in strategic acquisitions, mergers, partnerships and collaborations in order to maintain a competitive edge over other market players. For instance, in February 2020, Ansell Limited announced alliance with Careplus Group, a Malaysian surgical gloves manufacturing company, to support rapid growth in surgical gloves. The strategic move will assist the company in expanding their customer base and strengthening their industrial position.
Asia Pacific medical gloves market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million and volume in Units from 2015 to 2026, for the following segments:
Asia Pacific Medical Gloves Market, By Product, 2015-2026 (USD Million and ‘000 Units)
- Latex gloves
- Nitrile gloves
- Vinyl gloves
- Neoprene gloves
Asia Pacific Medical Gloves Market, By Form, 2015-2026 (USD Million and ‘000 Units)
- Powder-free gloves
- Powdered gloves
Asia Pacific Medical Gloves Market, By Application, 2015-2026 (USD Million and ‘000 Units)
- Examination gloves
- Surgical gloves
Asia Pacific Medical Gloves Market, By Usage, 2015-2026 (USD Million and ‘000 Units)
- Disposable gloves
- Reusable gloves
Asia Pacific Medical Gloves Market, By Sterility, 2015-2026 (USD Million and ‘000 Units)
- Sterile gloves
- Non-sterile gloves
Asia Pacific Medical Gloves Market, By Distribution Channel, 2015-2026 (USD Million and ‘000 Units)
- Brick and mortar
Asia Pacific Medical Gloves Market, By End-use, 2015-2026 (USD Million and ‘000 Units)
- Ambulatory surgical centers
- Diagnostic centers
The above information is provided for the following region and countries:
- Asia Pacific
- South Korea
- New Zealand