Surgical Gloves, an indispensable piece of protective equipment in the healthcare industry, continues to grow in demand. According to research, the global Surgical Gloves market was valued at approximately USD 2.7 billion in 2022 and is expected to continue expanding at a CAGR of 4.5% in the coming years. According to the study, synthetic gloves are the dominant product in the market, holding 64.8% of the global market share.
The demand for surgical gloves is rising with the increase in the number of surgeries across the globe. Surgical gloves are disposable gloves worn by healthcare professionals during medical surgeries to prevent the spread of pathogens. Surgical gloves are made of different materials such as latex, nitrile, and vinyl. They must be discarded after each use to prevent the spread of infectious pathogens.
The surgical gloves market holds about 27.6% market share in the global medical gloves market with a market value of about $9.8 billion. The market demand for consumables such as surgical gloves is expected to grow steadily with the increase in hygiene standards globally and the development of services in emerging regions. In recent years, research and development of synthetic materials such as nitrile has been advancing, offering better protection and durability than traditional latex gloves. In addition, there has been a growing focus on sustainability among manufacturers, who are adopting eco-friendly production techniques and materials to minimise the impact on the environment.
Owing to the above factors, the global surgical gloves market is expected to reach a market value of approximately USD 4.4 billion by 2033. The market is promising and growing strongly.
The competitive aspect of the market is witnessed by various companies working on launching products that cater to the specific safety needs of the regional market. There are multiple opportunities for global manufacturers to enter the untapped market and increase market share through right strategies, R&D, and innovation.
The new crown outbreak has triggered a heightened global focus on hygiene and infection control, which has further fuelled the demand for medical protective equipment, especially Surgical Gloves. The outlook for the Surgical Gloves market will continue to be favourable with the growing global focus on personal and public health. In order to meet the growing demand, manufacturers are continuously introducing innovative products to meet the safety needs of different countries and regions.
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Post time: Jul-25-2023