The global disposable gloves market was valued at +US$6,145 million in 2016, and is projected to reach +US$10,059 million by 2023, growing at a CAGR of +7 % from 2017 to 2023.
Disposable gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing laboratory experiments to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable gloves has been a prerequisite for medical applications across the world. The advent of newer manufacturing technologies, increased awareness regarding the benefits of disposable gloves, and improved healthcare practices are expected to catalyze the market growth.
The market for disposable gloves is primarily driven by their requirement in medical and surgical applications to ensure safety and hygiene. In addition, the growing number of end users, such as healthcare, pharma, and food industries, is expected to supplement the market growth. However, toxic reaction from certain gloves as well as competition pricing offered by local manufacturers could hamper the market growth. However, the impact of this limitation is anticipated to diminish in future due to ongoing improvements in production of disposable gloves. Moreover, advancements in technology related to the development of novel disposable gloves are expected to create lucrative opportunities for the market players in near future.
Some of the leading players functional in the global market are: Glove Corporation Berhad, Supermax Corporation Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd., Hartalega Holdings Berhad, DynarexCorporation, Cardinal Health, Inc., B. Braun Melsungen AG and Ansell Limited. Other players operating in the value chain are Unigloves (UK) Limited, Smart Glove Corporation Sdn Bhd, Cypress Medical Products LLC, Microflex Corporation, Mlnlycke Health Care and YTY Industry Holdings Berhad.