Disposable Gloves Market Forecast: Growth Drivers, Challenges and More

Pune, India, November 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Disposable Gloves Market.

Disposable Gloves Market Overview

The disposable gloves market is set to grow at a CAGR of 9.41% during the forecast period 2020 to 2026. As per the market research report, the market will hit 708.87 billion units in terms of valuation by the end of 2026. The market growth will be driven by an increase in demand from the healthcare sector. Based on the research report, strict government regulations for workforce safety will accelerate growth in the market till 2026. Although low-cost products will have a negative impact on the global disposable gloves market’s growth during this period. Concerns regarding counterfeit products are predicted to be a key challenge which could become a strong threat from 2020 to 2026 to companies.

The market report published by expert analysts includes primary and secondary data and suggests that applications and type segments are anticipated to witness tremendous growth till 2026. Factors such as the increase in workplace-safety awareness will become key growth drivers during the forecast period and the flourishing healthcare industry is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by lack of awareness which could negatively affect activities taking place across the market. Slow approval process in developing countries is another challenge the market could face till 2026.

Market Segmentation

The disposable gloves market is segregated into different market segments based on applications and type. For a comprehensive analysis of the market, the applications and type segments are further split into smaller segments. The type segment is categorized into nitrile, vinyl, natural rubber, and others. Furthermore, based on applications, the global market is also segmented into clean room, examination, food service, medical, surgical, and others. Based on the market segmentation analysis, the report covers market forecasts.

The steadily growing chemical industry will support the market growth from 2020 to 2026. As per the market research report, the global market for disposable gloves is anticipated to grow at a healthy rate across all the applications and type segments. However, the presence of active threats such as lack of structured policies could hamper the market growth. Business activities across healthcare have also been examined and studied by healthcare industry’s experienced analysts. The disposable gloves market research report covers findings with predictions and forecasts till 2026.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Disposable Gloves Market Research Report

Regional Overview

The disposable gloves market, with its product and service related segments, is spread across the world. healthcare based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. New norms regarding personnel protection equipment standards is anticipated to be a major factor for growth across the healthcare space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The healthcare sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Healthcare based businesses in these regional markets are anticipated to grow due to the growth of the chemical and equipment industries during the forecast period 2020 to 2026. Although the market’s growth could be affected by lack of awareness regarding safety. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

Healthcare based organizations are profiled in the market research report. The disposable gloves market along with companies and segments have been studied. The analysis of healthcare based business is also done to identify key challenges and strengths of these companies. The global disposable gloves market research report covers SWOT analysis, Porter’s Five Force analysis of major healthcare related organizations. The strategy and other key details of these companies for the forecast period 2020 to 2026 are covered in the report. The standardization of the personnel protection safety equipment is anticipated to support the market growth as the market is set to grow at a CAGR of 9.41% and reach a value of 708.87 billion units by 2026.

Industry News

Ansell Ltd. expects to buy a 50% stake in Careplus (M) Sdn. Bhd., a Malaysian rubber glove manufacturer, ahead of expected growth in its surgical gloves market. The $8.8 million investment is based on Careplus Company shareholder acceptance and customary closing terms, according to a statement from the Australian security goods specialist. According to a company official, Ansell's surgical glove market is experiencing "excellent growth," so this development will help the company meet increasingly rising demand. Careplus is a surgical glove maker with a manufacturing facility in Kuala Lumpur.