Hand Protection Equipment Industry Is Expected To Grow Due To Increasing Concerns About Hand Hygiene And The Product's Efficiency In Limiting The Spread Of COVID-19

Hand protection equipment industry data book covers disposable gloves, disposable medical gloves, nitrile gloves, rubber gloves and nonwoven disposable gloves market.

Global hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Disposable Gloves Market Analysis & Forecast

The global disposable gloves market size was estimated at USD 10.29 billion in 2022 and is projected to grow at a compounded annual growth rate (CAGR) of 5.8% from 2023 to 2030. The growing demand for disposable gloves, especially from the healthcare industry amidst the ongoing COVID-19 pandemic, along with rising awareness about healthcare-associated infections, is expected to drive the market growth. The healthcare sector in major developing economies is anticipated to witness substantial growth on account of several factors, such as increasing investments in both private and public sectors along with rising population, the high influx of migrants, and the growing geriatric population. Furthermore, rising healthcare expenditure is projected to drive the growth of the healthcare sector, which, in turn, is estimated to augment the demand for disposable gloves.

Disposable Medical Gloves Market Analysis & Forecast

The global disposable medical gloves market size was estimated at USD 7.65 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The growing demand for safety and security at healthcare workplaces, rising healthcare expenditure, and the resurgence of the COVID-19 pandemic, are expected to have a positive impact on industry growth. The resurgence of the COVID-19 pandemic in countries, such as China, Germany, France, Italy, and Belgium, is expected to increase testing, surveillance, and hospital visits, which will boost the product demand. Furthermore, the pandemic had boosted the demand for disposable medical gloves and strained the supply chain, which prompted manufacturers to boost their production capacities to meet the growing demand.

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Nitrile Gloves Market Analysis & Forecast

The global nitrile gloves market size was estimated at USD 6.56 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.7% from 2023 to 2030. The market growth is expected to be driven by growing healthcare expenditure, increased significance of workplace safety, and rising awareness of healthcare-associated infections. Healthcare industry in major developing countries is also expected to witness significant growth owing to several factors including growing investments in both public and private sectors, increasing population, rising geriatric population, and high influx of migrants. In addition, increasing healthcare expenditure is projected to boost the growth of the healthcare industry globally, which, in turn, is anticipated to spur the demand for hand protection over the forecast period.

Rubber Gloves Market Analysis & Forecast

The global rubber gloves market size was estimated at USD 13.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. Stringent laws and significant costs associated with workplace danger and growing awareness among industry participants about worker safety & security at work are expected to fuel industry expansion over the forecast period. Governments around the world are investing heavily in a sufficient supply of Personal Protective Equipment (PPE), which includes products, such as gowns, gloves, face shields, and masks, during the pandemic in 2020. Major market players are also working together with hospitals, medical institutions, and NGOs to offer PPE directly to get a competitive advantage.

Nonwoven Disposable Gloves Market Analysis & Forecast

The global nonwoven disposable gloves market size was estimated at USD 0.71 billion in 2018 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2018 to 2025. Global healthcare spending has been increasing considerably over the past few years. The demand for healthcare services and products has led to the increased use of nonwoven disposable gloves in medical devices and other medical supplies, such as drapes, bedsheets, masks, gloves, etc. In addition, the increasing geriatric population across developed nations is expected to drive the demand for healthcare spending over the forecast period. Increasing birth rates and awareness about the benefits of hand hygiene are expected to drive product demand over the forecast period.

Chemo Graded nitrile Powder-free Medical Examination Gloves Analysis & Forecast

The global chemo graded nitrile powder-free medical examination gloves market size was valued at USD 0.24 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.0% from 2019 to 2028. Chemo-graded nitrile powder-free medical examination gloves are in high demand due to the rising cancer prevalence driving chemo demand globally. For instance, in 2021 there were 10.0 million fatalities and 19.3 million new cases of cancer worldwide. Furthermore, one in five people in the globe will get cancer at some point in their lives, and one in eight men and one in eleven women will die due to cancer in the coming years.

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Hand Protection Equipment Industry Data Book Competitive Landscape

Hand protection equipment industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market. For instance, in August 2020, Ansell Ltd. signed a distribution partnership with OneMed, a provider of medical supplies and support systems, with an existing distribution network in the Nordics. Manufacturers have also started expanding their businesses through mergers, acquisitions, and geographical expansions.

Key players operating in the hand protection equipment industry are –

• Top Glove Corp. Bhd.
• Hartalega Holdings Berhad
• Superior Gloves
• Adenna LLC
• MCR Safety
• Atlantic Safety Products, Inc.
• Ammex Corp
• Kimberly-Clark Corp
• Sempermed USA, Inc.
• Halyard Health, Inc