One of the essential market factors driving the In Vitro Fertilization (IVF) market is the escalating worldwide infertility rates. Changing ways of life, deferred family planning, and different medical problems add to an increasing number of couples seeking assisted reproductive technologies like IVF to satisfy their longing for being a parent.
The pattern of delaying labor, particularly in created nations, has prompted a rising normal maternal age. As fertility declines with age, more seasoned couples frequently go to IVF as a feasible arrangement. This segment shift contributes fundamentally to the expanding interest for assisted reproductive technologies.
Growing awareness about infertility issues and the accessibility of pioneering fertility medicines add to the market's extension. Instructive missions, increased media inclusion, and a more open cultural exchange about fertility-related centres inform more couples to investigate IVF as a reasonable choice.
The increasing extra wealth in emerging economies permits a bigger segment of the populace to manage the cost of costly fertility medicines like IVF. As monetary circumstances improve, more couples can choose these techniques, boosting the general market development.
The individuality of clinical the travel industry fundamentally influences the IVF market. Patients frequently look for fertility medicines in nations offering progressed and practical arrangements. This globalization of medical care administrations adds to the enhancement and extension of the IVF market.
Changing cultural standards, acknowledgment of modern family structures, and a decreasing shame related with fertility medicines add to a more inescapable reception of IVF. This social shift extends the market's compass and energizes individuals from different foundations to investigate assisted reproductive technologies.
Present lifestyles are characterised by anxiety, environmental variables, and unsuccessful trends add to an increase in fertility issues. As additional individuals face difficulties in conceiving normally, the interest for IVF administrations rises, making way of life factors a huge market driver. Forward jumps in regions like undeveloped organism choice, pre-implantation hereditary testing, and cryopreservation technologies drive market development by offering improved results and expanding the extent of fertility medicines.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 2.3961 billion |
Growth Rate | 14.1% (2023-2032) |
Disposable Nitrile Gloves market size was valued at USD 2.1 billion in 2021 and is projected to grow from USD 2.3961 billion in 2022 to USD 7.85 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.1% during the forecast period (2023 - 2032).Rising demand of Disposable Nitrile Gloves across healthcare industry and growth of healthcare and medical industry are the key market drivers enhancing the Disposable Nitrile Gloves market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
February 2024, Polyco Healthline introduced a new line of nitrile gloves featuring improved grip technology. These gloves are intended for a variety of industrial applications where safe handling and protection are essential.
January 2024, Ansell introduced a new line of disposable nitrile gloves with increased durability and comfort. The gloves are designed to provide better puncture resistance and protection while yet keeping a high level of tactile sensitivity.
Improving healthcare industry to boost market growth
The market is predicted to rise due to rising healthcare costs, higher importance placed on workplace safety, and growing public awareness of healthcare-associated infections. The need for several types of PPE, including gloves, has increased dramatically due to the COVID-19 outbreak. Healthcare workers frequently use disposable nitrile gloves to avoid contamination.
In turn, this is anticipated to increase demand for disposable nitrile gloves during the projected period. By 2030, it is projected that the COVID-19 pandemic's rapid spread in the U.S. will increase demand for hand protection. Additionally, government authorities are anticipated to invest extensively in healthcare infrastructure following the CO VID-19 pandemic, which is anticipated to positively affect market growth in the ensuing years. Therefore, the expansion and growth of the healthcare industry have enhanced the Disposable Nitrile Gloves market CAGR across the globe in recent years.
Furthermore, Disposable Nitrile Gloves market revenue is anticipated to expand significantly in major emerging nations due to several causes, including rising governmental and private sector investments, population expansion, an increase in elderly people, and a high intake of migrants. Additionally, it is estimated that rising healthcare costs would accelerate the expansion of the healthcare sector, which will in turn increase demand for hand protection throughout the projection period.
The Disposable Nitrile Gloves market segmentation based on type, includes powder free and powdered types. The powder free disposable nitrile gloves segment held the majority share in 2021, contributing to the Disposable Nitrile Gloves market revenue. The powder-free disposable nitrile gloves segment held the majority share in 2021, contributing to the Disposable Nitrile Gloves market revenue. The segment is leading due to its growing popularity across numerous industries. Additionally, the market for powder-free nitrile gloves is anticipated to benefit from severe laws on powdered gloves being implemented by numerous countries worldwide during the projected period.
Powdered disposable nitrile gloves are the second fastest-growing segment, which accounts for a considerable share of the Disposable Nitrile Gloves market. Powdered nitrile gloves feature a coating of calcium carbonate or corn flour that improves grip and decreases internal moisture while also making them simpler to put on. The market for powdered nitrile gloves is anticipated to decline in the upcoming years, nonetheless, because prolonged use of these gloves could result in skin sensitivities or allergies in their wearers.
March 2022:The manufacturer of disposable gloves American Nitrile, LLC, established a strategic alliance with Orion Infrastructure Capital to finish building its manufacturing facility in Grove City, Ohio. To assist the development of twelve production lines with a combined annual capacity of 3.6 billion nitrile gloves, OIC will contribute $105 million under the terms of the agreement.
Figure 2: Disposable Nitrile Gloves Market, by Type, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Disposable Nitrile Gloves market segmentation based on application, includes medical and non-medical. The medical disposable nitrile gloves segment held the majority share in 2021, contributing to the Disposable Nitrile Gloves market revenue. For the purpose of minimizing disease transmission and cross-contamination during medical procedures and examinations, the demand for nitrile gloves expanded tremendously. Because they reduce the danger of contamination, disposable nitrile gloves are in high demand.
Non-medical disposable nitrile gloves is the second fastest-growing segment, which accounts for a considerable share of the Disposable Nitrile Gloves market. The non-medical industries for disposable nitrile gloves, particularly those in the food and beverage, chemical and petrochemical, and pharmaceutical sectors, are also anticipated to grow their demand for this product. Rising investments in the chemical and pharmaceutical industries as well as stricter quality control and hygiene rules in the food processing industries, are projected to support market expansion.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Disposable Nitrile Gloves market accounted for USD 0.9072 billion in 2021 and is expected to exhibit a 43.20% CAGR growth during the study period. The region's increasing healthcare spending, the region's ageing population, and the increased awareness of healthcare professionals about diseases acquired in the workplace are all factors contributing to the high demand. Along with an ageing population, rising healthcare costs, and growing public awareness of hospital-acquired infections, these factors are all contributing to the region's expansion resulting in the adoption of disposable nitrile gloves. Additionally, increasing rates of chronic diseases like obesity, diabetes, cancer, and many others are predicted to spur disposable nitrile gloves market expansion in the next years.
During the anticipated time, Asia Pacific Disposable Nitrile Gloves market would likewise present a lucrative opportunity for international players due to the rapid spread of the coronavirus over several nations, including India, Japan, and Indonesia. Improvements in safety and hygiene requirements across a variety of healthcare settings in developing nations, together with rising industrialization, are also anticipated to positively affect the industry's growth.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: DISPOSABLE NITRILE GLOVES MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
China Disposable Nitrile Gloves market held the largest share in the APAC region during the projected period, it is expected to grow sustainably. Due to a number of factors, including an ageing population, urbanisation, an increasing standard of life, and an expanding healthcare infrastructure, the medical and healthcare sector in China is predicted to increase quickly. The country's healthcare industry is predicted to increase, which is predicted to support industrial growth, as a result of rising healthcare spending. Additionally, the India Disposable Nitrile Gloves market is anticipated to expand in future.
Furthermore, the Europe Disposable Nitrile Gloves market is anticipated to increase during the forecast period due to an increase in occupational injuries and a rising demand for highly effective protective gloves in the majority of core industries, including food & beverage, metal manufacturing, oil & gas, automotive, and chemical.
Disposable Nitrile Gloves Key Market Players & Competitive Insights
Major market players are investing a lot of capitals on R&D to enhance their grade lines, which will aid the Disposable Nitrile Gloves market expansion. Market players are also taking a range of strategic measures to expand their worldwide footprint, with prime market developments such as new grade innovations & launches, contracts & agreements, mergers and acquisitions, better investments, and collaboration & strategic partnerships with other organizations in the Disposable Nitrile Gloves market. Competitors in the Disposable Nitrile Gloves industry must offer cost-effective items to extend and survive in an increasingly high competitive and expanding market environment.
One of the primary business strategies adopted by manufacturers in the Disposable Nitrile Gloves industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Disposable Nitrile Gloves industry has provided medicine with some of the most significant benefits. The Disposable Nitrile Gloves market major player such as Unigloves (UK), Ansell (US), Polyco Healthline (UK), Barber Healthcare (UK), Medline Industries (US), and others are working to drive the market growth via investing heavily in research and development activities.
Unigloves (UK), produces and supplies gloves and other protective, safety, and medical products. Our group offices are spread across the US, Germany, the UK, Brazil, Nigeria, and China, while our manufacturing is done in Malaysia. Our corporate headquarters are in Singapore. In May 2022 A new nitrile disposable glove called BioTouch has been introduced by hand protection expert Unigloves that combines chemical resistance, comfort, and grip with cutting-edge, ecologically friendly, biodegradable technology.
Also, Medline Industries (US), is a healthcare organization that manufactures, distributes, and offers solutions with the goal of enhancing healthcare's entire operational effectiveness. Medline partners with healthcare organizations and facilities all along the care continuum, offering the clinical and supply chain resources necessary for long-term financial viability in providing high-quality care. In May 2021, Medline revealed its plans to purchase Teleflex's Hudson RCI line of respiratory supplies. To better serve the market's pressing demands, Medline will combine the brand's oxygen treatment, medication delivery, and ventilation solutions into a superior respiratory portfolio after the acquisition is finalized later this year.
Key Companies in the Disposable Nitrile Gloves market includes
Disposable Nitrile Gloves Industry Developments
April 2022:The FDA gave SHOWA Group's single-use nitrile gloves its 510(k) medical approval. The Shoawa Group is now able to provide the industry with the first biodegradable nitrile gloves that have been given medical use approval as the only integrated manufacturer of nitrile, single-use PPE gloves with complete U.S. onshore capabilities.
August 2021:As part of the Vizient Novaplus Enhanced Supply programme, Vizient, Inc. announced a deal for chemo-rated nitrile exam gloves with Sri Trang Gloves of Thailand. Sri Trang is one of the leading glove manufacturers and the agreement will bring additional supply assurance for this essential component of personal protective equipment required to safely deliver patient care.
Powder-free
Powdered
Medical
Non-medical
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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