Surgical Gloves Market Industry: Segmentation, Targeting,...

Surgical Gloves Market Industry: Segmentation, Targeting, Positioning With Manufacturing Process and CAGR Forecast by 2023 to 2033

Posted 2023-06-20 08:28:21

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As per Future Market Insights’ latest industry analysis, the valuation for the global Surgical Gloves Market was around US$ 2.7 Billion in 2022 and is projected to exhibit a CAGR of 4.5% over the forecast period, with an estimated valuation of US$ 4.4 Billion in 2033.

According to National Library of Medicine, the estimated volume for surgeries was 234 million which has increased along with the increasing population globally.

Gloves are protective equipment used in the medical industry. Unfortunately, many hospitals in emerging and underdeveloped nations ignore them. The market offers a variety of cutting-edge goods that ensure the safety of patients and medical professionals before, after, and during the course of operation.

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Businesses are also focusing their efforts on creating products that adhere to the specific safety requirements of the regional markets. Global manufacturers can take advantage of numerous chances to penetrate underserved markets and increase their market share there by using the right strategy, development, and innovation.

The need for safety and cleanliness has grown as a result of the increased danger of infectious diseases during surgery and childbirth as well as hospital-acquired infections. Opportunities in the surgical gloves market will arise in the near future as a result of numerous hygiene awareness campaigns being run in various regions to encourage the use of gloves and enhance personal cleanliness.

Key Takeaways from Market Study:

Synthetic gloves segment is the leading segment as product, and hold 8% market value share in 2022, owing to levels of comfort during surgery.
Latex gloves segment is set to lead in terms of material of surgical gloves with a market value share of around 2 in 2022, owing to the excellent tactile sensitivity.
By usability, disposable gloves are preferred more compared to reusable ones in order to avoid risk of spreading infections. The segment held 4% of the global value share in 2022.
Huge demand for surgical gloves during surgical procedures and growing number of surgical procedures worldwide led the surgical intervention – application to lead with 8% value share in 2022.
By distribution channel, hospitals and pharmacies held a share of around 6% in 2022 owed to large distribution of surgical gloves in hospital facilities.
South Asia held a value share of around 5% in 2022, owing to the highest number of surgical procedures conducted in the region.

“In light of the increasing demand for surgical gloves and the increasing prevalence of surgical procedures, along with the growing demand for disposable gloves, the market for surgical gloves is predicted to expand globally,” says an analyst of Future Market Insights.

Market Competition:

In the surgical glove market's competitive landscape, specifics about each competitor are given. The information includes information about the company's finances, the revenue of the company generated, potential for market share, investment in research and development, novel market projects, global presence, manufacturing locations and facilities, capacity for manufacturing, company weaknesses and strengths, introduction of products, product width and breadth, and its application dominance. The information presented above only applies to the surgical glove market that the companies target.

In September 2022, Ansell and Chemwatch make a statement about a global partnership. As Ansell and Chemwatch want to make the public more aware of the risks and consequences of exposure to dangerous chemicals.
In August 2022, Supermax Healthcare Canada, a division of Supermax Corp Bhd, partnered with Minco Wholesale & Supply Inc., to distribute Supermax’s product manufactured in North America. The products include rubber gloves, masks, and non-woven materials cotton medical supplies.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the surgical gloves market in its latest study, presenting a historical demand assessment of 2012–2022 and projections for 2023–2033. The global surgical gloves market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Key Companies Profiled: