Neoprene (Polychloroprene) Surgical Glove Market Size, Share, Opportunities, COVID-19 Impact, And Trends By End-User (Hospitals And Clinics, Ambulatory Surgical Centers, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Sep 2022 Report Code: KSI061612173 Pages: 128

The neoprene (polychloroprene) surgical glove market is estimated at US$315.586 million for the year 2020, growing at a CAGR of 5.44% to reach the market size of US$457.201 million by 2027.

The growth of the market is majorly attributed to the growing adoption of these gloves across the healthcare industry, as they are risk-free of allergic reactions and offer more resistance and strength in comparison to latex gloves. Neoprene is one of the types of synthetic materials which are produced by the polymerization of chloroprene. The strength and resistance offered by these gloves, which is comparatively high as compared with latex gloves are also one of the key drivers to augmenting the adoption of these gloves for surgical procedures. Also, these gloves are capable of maintaining flexibility at high-temperature ranges and also exhibit elevated chemical stability. The use of these gloves across the healthcare industry is also considered safer as they offer extra protection to healthcare professionals and patients by reducing the risk of allergic reactions caused by chemical accelerators and latex. Thus, the rising incidence of latex allergy among healthcare professionals is significantly driving the demand for neoprene surgical gloves. 

Growing cancer prevalence

Furthermore, these gloves also offer a longer chemical breakthrough, further making them suitable for their application in surgeries where bone cement and cytotoxic agents are used. Bone cement is widely used in orthopaedic and trauma surgeries for implant fixation purposes. Cytotoxic agents are used for the treatment of cancer, these are used in cancer to destroy cancer cells. Thus, the growing prevalence of cancer disease and an increasing number of cancer, trauma, and orthopaedic surgeries, among others, are projected to significantly drive the demand for neoprene (polychloroprene) surgical gloves during the coming years and add up to the growth of the market. According to the data provided by the Centers for Disease Control and Prevention (CDC) in the United States,1,752,735 new cancer cases were reported in 2019, thereby significantly driving the demand for these gloves in the coming years. In addition, the growing investments by major market players in R&D, and the increase in production capacity coupled with new product launches are some of the additional factors showing the market potential for growth for the manufacturers during the forecast period.

Key Developments

  • In March 2021, Kimberly-Clark launched Kimtech Prizm multi-layered neoprene nitrile gloves and Kimtech Prizm Xtra multi-layered gloves which are developed specifically for higher-risk lab environments. These innovative neoprene-nitrile gloves are multi-layered yet one of the thinnest Type A certified gloves in the market.
  • Ansell Limited announced the acquisition of 50% of the issued shares in Careplus (M) Sdn Bhd in February 2020 for a total of RM 37 million. The acquisition aims to support the rapid growth in the sale of surgical gloves.

The rising incidence of latex allergies across the globe is fueling the demand for neoprene surgical gloves

The rising incidence of latex allergy among healthcare workers is the major driver of synthetic surgical gloves, thereby supplementing the growth of the neoprene surgical gloves market as well. People across the globe are increasingly developing allergic reactions to certain proteins present in natural rubber latex that is used to make both medical and industrial gloves. The growing healthcare sector is projected to be the largest source of job creation in the coming years. The increasing global population is leading to a mushrooming demand for healthcare services worldwide. Furthermore, the growing geriatric population in countries like the U.S., Japan, and China is also driving the demand for home healthcare solutions and services. Healthcare workers are, thus, at the highest risk of latex exposure. According to the American Latex Allergy Association, 8-17% of healthcare workers in the U.S. are sensitized to natural rubber latex. Thus, all these factors are collectively contributing to boosting the demand for these gloves, especially in developed economies.

Hospitals are expected to rule the market

On the basis of end-user, the market has been classified into end-users has been segmented into hospitals and clinics, Ambulatory Surgeries Centers, and others. Hospitals and clinics are expected to hold a noteworthy share in the global market owing to the fact that the majority of the surgeries are performed in the hospitals as general super speciality or multi-speciality hospitals are equipped with the most advanced and latest instruments on account of higher funding capabilities. Ambulatory Surgical Centers are expected to grow substantially over the forecast period on account of the increasing ability of these centres on improving treatment quality along with the reduction of costs as more patients tend to visit them rather than go to hospitals owing to lower treatment costs.

North America to hold a noteworthy market share

By geography, the neoprene surgical glove market is segmented as follows: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. North America is estimated to hold the major market share on account of the rising geriatric population in countries like the U.S. and Canada, along with the growing medical tourism industry in Mexico. The growing middle-class population in Mexico is leading to an increase in the prevalence of lifestyle-related chronic diseases in the country. According to the World Health Organization (WHO), the country accounts for the most hospitalizations related to diabetes among the Organization for Economic Cooperation and Development’s (OECD) 35 countries. These factors are contributing to the escalating number of surgical procedures being performed in the country, which, in turn, is boosting the demand for synthetic surgical gloves in Mexico.

Furthermore, the growth of the market in Europe is majorly attributed to the increasing number of surgical procedures in countries like Germany and Spain. Furthermore, rising healthcare expenditure and increasing government support for healthcare services are also contributing to the market growth in the European region. The market growth in the Asia Pacific is majorly attributed to the rising incidence and prevalence of severe heart diseases and other complex conditions in China and India. In the APAC region, Japan is projected to hold a notable share in this market, and the demand for these gloves in this country is being driven by the continuously increasing geriatric population. The increasing popularity of cosmetic surgeries in South Korea is expected to also continue aiding the market’s growth over the projected period. 

COVID-19 INSIGHTS

The COVID-19 pandemic had a significantly positive impact on the nitrile surgical glove market. According to data from Johns Hopkins University, Top Glove company, a leading company that produces more than 70 billion gloves annually, experienced an increase in demand as a result of the pandemic. The need for latex-free gloves rose in the market, and to sustain the demand Neoprene gloves were used, as they are latex-free yet affordable. Henceforth, these factors are expected to propel the market expansion during the forecast period.

Neoprene (Polychloroprene) Surgical Glove Market Scope:

Report Metric Details
 Market Size Value in 2020  US$315.586 million
 Market Size Value in 2027  US$457.201 million
 Growth Rate  CAGR of 5.44% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  End-User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Mölnlycke Health Care AB (A subsidiary of Investor AB), Cardinal Health, Ansell Limited, Medline Industries, Inc., Top Glove Corporation Bhd, Sempermed, DACH Schutzbekleidung GmbH & Co. KG, OWENS & MINOR
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By End-User
    • Hospitals and Clinics
    • Ambulatory Surgical Centers
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the neoprene surgical glove market size by 2027?
A1. The neoprene surgical glove market is expected to reach a total market size of US$457.201 million in 2027. 


Q2. What is the size of the global neoprene (Polychloroprene) surgical glove market?
A2. Neoprene (Polychloroprene) Surgical Glove Market was valued at US$315.586 million in 2020. 


Q3. What are the growth prospects for the neoprene surgical glove market?
A3. The global neoprene surgical glove market is expected to grow at a CAGR of 5.44% over the forecast period. 


Q4. Which region holds the largest market share in the neoprene surgical glove market?
A4. North America is estimated to hold the major share in the neoprene surgical glove market.

 
Q5. What factors are anticipated to drive the neoprene surgical glove market growth?
A5. The rising incidence of latex allergies across the globe is fueling the demand for neoprene surgical gloves.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Neoprene (Polychloroprene) Surgical Glove Market Analysis, By End-User
5.1. Introduction
5.2. Hospitals and Clinics
5.3. Ambulatory Surgical Centers
5.4. Others

6. Neoprene (Polychloroprene) Surgical Glove Market Analysis, By Geography
6.1. Introduction
6.2. North America
6.2.1. USA
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Others
6.4. Europe
6.4.1. Germany
6.4.2. France
6.4.3. United Kingdom
6.4.4. Spain
6.4.5. Others
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. Israel
6.5.3. Others
6.6. Asia Pacific
6.6.1. China
6.6.2. Japan
6.6.3. South Korea
6.6.4. India
6.6.5. Indonesia
6.6.6. Thailand
6.6.7. Taiwan
6.6.8. Others

7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix

8. Company Profiles
8.1. Mölnlycke Health Care AB (A subsidiary of Investor AB)
8.2. Cardinal Health
8.3. Ansell Limited
8.4. Medline Industries, Inc.
8.5. Top Glove Corporation Bhd
8.6. Sempermed
8.7.  DACH Schutzbekleidung GmbH & Co. KG
8.8. OWENS & MINOR

Mölnlycke Health Care AB (A subsidiary of Investor AB)

Cardinal Health

Ansell Limited

Medline Industries, Inc.

Top Glove Corporation Bhd

Sempermed

DACH Schutzbekleidung GmbH & Co. KG

OWENS & MINOR

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