The surgical glove market is projected to grow at a CAGR of 7.23% to reach US$3,060.129 million by 2024, from US$2,013.303 million in 2018. Surgical gloves are disposable gloves designed specifically for surgeries to prevent any kind of contamination to either the patient or the surgeon. The demand for surgical gloves will rise owing to the rising healthcare industry worldwide. Moreover, the increasing number of surgeries due to increasing cases of injuries and increasing geriatric population will further boost the demand for surgical gloves. However, the unfavourable government regulations regarding the use of powdered surgical gloves will limit the demand for these gloves.
The North American and European regions hold a substantial share in the market due to high investment and development in the healthcare industry. The Asia Pacific region will see substantial growth opportunities due to rising expenditure in the healthcare segment in developing economies such as India, China, and South Korea, among others.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the surgical glove value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the surgical glove market.
Major industry players profiled as part of the report are Mölnlycke Health Care AB (A subsidiary of Investor AB), Cardinal Health, Ansell Limited, Medline Industries, Inc., B. Braun Melsungen AG, among others.
The surgical glove market has been analyzed through following segments:
Ambulatory Surgery Centers
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the surgical glove market size by 2024?
A1. The surgical glove market is projected to reach a total market size of US$3,060.129 million by 2024.
Q2. What is the size of global surgical glove market?
A2. Surgical Glove market was valued at US$2,013.303 million in 2018.
Q3. What are the growth prospects for surgical glove market?
A3. The global surgical glove market is projected to grow at a CAGR of 7.23% over the forecast period.
Q4. Which region holds the largest market share in the surgical glove market?
A4. The North American and European regions hold a substantial share in the surgical glove market due to high investment and development in the healthcare industry.
Q5. What factors are anticipated to drive the surgical glove market growth?
A5. The demand for surgical gloves will rise owing to the rising healthcare industry worldwide.