Medical Nitrile Gloves Market Size to Cross USD 11.35 Billion by 2033, Smart Insights

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The global medical nitrile gloves market size is projected to grow from $4 billion to $11.35 billion in 10 years. The market will experience rapid growth due to technological advancements in nitrile medical gloves during the forecast period.

Newark, June 13, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the global market for medical nitrile gloves from $4 billion in 2023 will reach $11.35 billion in 2033. Medical nitrile gloves are an integral part of equipment personal protective equipment (PPE) used in healthcare settings. The handles are made of nitrile butadiene rubber (NBR). It is a synthetic rubber compound noted for its high durability, chemical resistance and allergen-free nature. Unlike latex gloves, nitrile gloves do not contain latex proteins and are therefore suitable for people allergic to latex. The manufacturing method combines raw materials to create the nitrile compound, which is then molded and vulcanized to increase strength and durability.

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Nitrile gloves are highly resistant to punctures, tears and a wide range of chemicals, making them perfect for handling hazardous substances while providing a durable barrier against disease and contaminants. Nitrile gloves are intended to provide a comfortable fit and exceptional dexterity. Medical nitrile gloves are critical tools for protection against infectious diseases, toxic chemicals and other hazards in occupational settings. Their durability, chemical resistance and allergen-free nature make them critical for ensuring the safety and well-being of users and patients in several industries.

Scope and segmentation of the report

Report coverage

The details

Forecast period

2024-2033

Forecast CAGR

11%

2033 Value Projection

11.35 billion dollars

Market size in 2023

4 billion dollars

Historical date

2020-2022

No. of Pages

238

Report coverage

Revenue forecast, company profiles, competitive landscape, growth factors and recent trends

Segments covered

by product type, end user

Regions covered

The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and the Middle East & Africa. Furthermore, the regions are further analyzed at the country level.

Drivers of Medical Nitrile Gloves Market Growth

Technological advances and strong regulatory framework

Global Medical Nitrile Gloves Market Key Overview

North America will dominate the market during the forecast period.

The region’s strong market demand for these gloves is driven by the large healthcare industry, strict safety requirements and emphasis on infection control. North American manufacturers are known for their technological advances in glove manufacturing. They invest in R&D to create innovative materials, manufacturing techniques and product designs, resulting in nitrile gloves that are high performance, durable and comfortable. Compliance with stringent regulatory requirements increases consumer confidence in North American-made nitrile gloves, both domestically and internationally.

In 2023, the dustless segment dominated the market with the largest market share of 72% and revenue of 2.88 billion ALL.

The product type segment is divided into powder and non-powder. In 2023, the dustless segment dominated the market, with a market share of 72% and revenues of 2.88 billion ALL.

In 2023, the hospital segment dominated the market, with a market share of 62% and revenues of ALL 2.48 billion.

The end-user segment is divided into hospitals, laboratories, and others. In 2023, the hospital segment dominated the market, with a market share of 62% and revenues of ALL 2.48 billion.

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Advancement in the market

A Vietnamese glove maker hopes to buy 15 acres in the southeast Arkansas community of Lake Village for a business that will eventually employ up to 300 people. Phu Duc Huy US Inc. has been negotiating the purchase of land. The land will cost approximately $400,000 and will be used to house a nitrile glove manufacturing plant. These are powder-free, non-latex gloves commonly used in the medical industry and by the Department of Defense. Phu Duc Huy will lease and use an existing on-site warehouse for storage.

Market Dynamics

Leader: The expanding healthcare industry.

The epidemic of COVID-19 and the growth of the healthcare sector have positively influenced the increase in demand and growth of medical nitrile gloves. The pandemic caused an increase in demand for nitrile gloves to protect frontline staff and patients. The urgent need to implement strict infection control measures and increased public awareness of the need for personal protective equipment (PPE) resulted in a large increase in the use of gloves. Moreover, the rapid spread of infection necessitated the widespread use of gloves. The expansion of the healthcare sector, driven by population growth, aging demographics and developments in medical technology, has increased the demand for nitrile gloves. The growing demand for health care services has necessitated the creation and expansion of health care infrastructure, including hospitals and clinics. As healthcare facilities grow, the demand for reliable and sanitary medical supplies, such as nitrile gloves, becomes critical to patient safety. As a result, the growth of the healthcare industry will drive the global medical nitrile gloves market.

Limitations: Price of medical nitrile gloves.

Nitrile gloves are often more expensive, determined by factors such as raw material costs, manufacturing procedures, quality and performance standards, and market dynamics. Nitrile rubber, the main material used in the manufacture of nitrile gloves, is produced from petroleum. Therefore, fluctuations in oil prices can have a direct impact on production costs. Manufacturing involves sophisticated manufacturing procedures. The complicated manufacturing procedures required to create nitrile gloves and the stringent quality control requirements drive up production costs. Additionally, market characteristics such as demand changes and supply chain disruptions can affect prices, causing price volatility and affordability concerns among end users. As a result, high costs associated with medical nitrile gloves may hamper the market expansion.

Opportunities: Technological advances and strong regulatory framework.

Stringent safety standards and technological improvements drive demand and growth for medical nitrile gloves. Regulatory compliance requires the use of gloves, especially in healthcare settings, to protect the safety of workers and patients. Technological advances in glove manufacturing have resulted in the creation of nitrile gloves with improved performance qualities. Material innovations have led to more durable, flexible and chemically resistant gloves. Additionally, research and development activities will focus on solving emerging issues and trends, resulting in the introduction of specialized gloves targeted for certain applications, which will help drive future market expansion. . As a result, technical developments and stringent security requirements would help the market to expand and flourish during the forecast period.

Challenges: Disposal concerns.

The environmental impact of nitrile medical gloves stems from their non-biodegradable nature, waste generation, limited recycling options, and potential for contamination and waste. Nitrile gloves do not readily break down in the environment, leading to long-term pollution and habitat degradation when disposed of improperly. The widespread use of nitrile gloves in various industries exacerbates the problem of the accumulation of plastic waste, contributing to environmental pollution and ecological damage. Additionally, the production of nitrile gloves relies on petroleum-derived raw materials, further depleting finite fossil fuel reserves and exacerbating resource depletion and carbon emissions. Improper disposal of nitrile gloves can result in environmental pollution and harm to wildlife. Therefore, environmental concerns arising from non-biodegradable nature and lack of proper availability will challenge the market growth.

Some of the key players operating in the global medical nitrile gloves market are:

Ansell Healthcare LLC
Atrium Medical Care
Hartalega Holdings
Honeywell International Inc
Kimberly-Clark
McKesson Corporation
Mercator Medical SA
Scientific Shield
Supermax Healthcare
Top Glove Corporation

Main segments covered in the market:

By product type

DUST
Not with dust

By End User

hospital
laboratory
Others

By region

North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)

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About the report:

The market is analyzed on the basis of value (Billion USD). All segments are analyzed on a global, regional and local basis. The study includes the analysis of more than 30 countries for each part. The report analyzes the driving factors, opportunities, restraints and challenges to gain a critical insight of the market. The study includes Porter’s five forces model, attractiveness analysis, product analysis, supply and demand analysis, competitive position network analysis, distribution and marketing channel analysis.

About The Brainy Insights:

Brainy Insights is a market research company that aims to provide actionable insights through data analytics for companies to improve their business acumen. We have a powerful forecasting and estimation model to meet customer objectives for high quality production within a short period of time. We offer customized (customer specific) and syndicated reports. Our repository of syndicated reports is diverse across all categories and sub-categories across domains. Our customized solutions are tailored to meet customer requirements whether they are looking to expand or plan to launch a new product in the global market.

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