Global surgical gloves market expected to grow to $4.37 billion by 2033

From GlobeNewswire: 2024-05-17 17:00:00

The Global Surgical Gloves Market is set to grow from $2.48 billion in 2023 to $4.37 billion by 2033, with a CAGR of 5.83%. Surgical gloves protect against disease transmission in healthcare settings and are made from polymers like latex and nitrile. Market players are investing in R&D to expand product offerings and stay competitive.

Latex gloves are expected to dominate the market, despite the availability of newer materials like nitrile and vinyl. Disposable gloves are projected to grow the fastest, driven by safety regulations and rising healthcare costs. Powdered gloves are expected to lead the market, with hospital usage accounting for a significant share due to increased demand from aging populations and infections.

The Asia Pacific region is projected to hold the largest market share due to increased healthcare penetration and government initiatives. North America is expected to have the fastest CAGR growth, driven by hospital admissions and surgical procedures. Key market players include Kanam Latex Industries Pvt. Ltd., Cardinal Health Inc., and Ansell Ltd., among others.

In June 2023, Maxter Healthcare began construction on a surgical glove manufacturing facility in the U.S. Market segmentation includes material (latex, nitrile), usage (disposable, reusable), form (powder-free, powdered), and end user (hospital, dental). The market is forecasted globally, regionally, and by country from 2020 to 2033.



Read more at GlobeNewswire: Global Surgical Gloves Market Size To Exceed USD 4.37