Medical Nitrile Gloves Market Size, Share And Forecast To 2031

(MENAFN- Straits Research) Nitrile medical gloves are primarily used in the healthcare and food sectors as a preventative measure to lower the possibility of patients and caregivers acquiring the same infection. Nitrile medical gloves have undergone numerous iterations over the years. Each of the variations has unique benefits over everyday usage gloves. These benefits are excellent strength, longevity, and barrier defense against bloodborne pathogens.
Market Dynamics
Rising Incidents of COVID-19 Drive the Global Market
Severe acute respiratory syndrome (SARS), middle east respiratory syndrome (MERS), and the common cold are some coronaviruses that cause human illness. Coronavirus causes mild to severe respiratory illnesses, including fatalities. The best preventive measures are using a mask, avoiding close contact with others, frequently washing your hands, keeping hands away from the face, and getting enough rest and food. As of April 15, 2021, there had been 138,927,001 confirmed coronavirus cases, of which 2,987,914 patients had died. As more people contract COVID-19, healthcare workers will likely need more personal protective equipment. As a result, the global market for medical nitrile gloves is anticipated to grow as infection rates rise.
Launch of New Products and Collaboration for Production Process Optimization Creates Tremendous Opportunities
Key players in the current market significantly impact shifting market trends for medical nitrile gloves. Major players are seen making strategic choices, focusing more on collaboration and acquisition to strengthen their product portfolios and expand their science and technology capabilities globally. The appointment of distributors is another way that major players expand their businesses. This has been done to broaden their regional reach and penetrate new markets.
The economic outlook is expected to support recovery in developing countries like Saudi Arabia, the United Arab Emirates, China, Indonesia, Argentina, Brazil, and India. Numerous governments worldwide, including the Ministry of Health (MoH), is allocating a sizable budget and coordinating initiatives for health promotion. The growth in the population significantly impacts the demand for consumables used in diagnosis and treatment. Businesses in developing economies can collaborate with governmental organizations to provide essential goods and lab supplies.
Regional Analysis
North America is the most significant shareholder in the global medical nitrile gloves market and is expected to grow at a CAGR of 13.16% during the forecast period. North America has a 39.32% market share because of the high number of COVID-19 patients, the high rate of surgical procedures, and the welcoming import policies in the region. Additionally, the market is anticipated to be more profitable because there are not enough regional manufacturers. Manufacturers and new market entrants in numerous industries received the impetus they needed to introduce products and expand the scope of their product portfolios through agreements due to the rise in patients undergoing clinical observation. In addition, businesses like Med PPE Canada Inc., established in March 2020, launched an international ordering system in November 2020. Its product offerings include sanitizers, respirators, nitrile gloves, and disposable masks.
Europe is expected to grow at a CAGR of 14.32% during the forecast period. Europe is anticipated to experience significant growth during the forecast period due to the greater availability of patients and treatment centers. The presence of state-of-the-art medical facilities, rising government initiatives to promote safety standards and find a cure for the rising number of cases, and rising healthcare costs are the main drivers of the market growth for medical nitrile gloves in the area.
Key Highlights

The global medical nitrile gloves market was valued at USD 3,138.45 million in 2022. It is expected to reach USD 9,864.74 million by 2030, growing at a CAGR of 13.57% during the forecast period (2023–2031).
Based on the type, the global medical nitrile gloves market is bifurcated into powdered and non-powdered. The non-powdered segment is the highest contributor to the market and is expected to grow at a CAGR of 13.96% during the forecast period.
Based on the usage, the global medical nitrile gloves market is bifurcated into disposable and reusable. The disposable segment owns the highest market share and is expected to grow at a CAGR of 14.02% during the forecast period.
Based on the application, the global medical nitrile gloves market is bifurcated into examination and surgical. The examination segment is the highest contributor to the market and is expected to grow at a CAGR of 14.15% during the forecast period.
Based on the distribution channel, the global medical nitrile gloves market is bifurcated into direct selling and medical store. The direct selling segment owns the highest market and is expected to grow at a CAGR of 13.97% during the forecast period.
Based on the end-user, the global medical nitrile gloves market is bifurcated into hospitals and clinics, ambulatory surgery centers, diagnostic centers, and rehabilitation centers. The hospitals and clinic segment is the highest contributor to the market and is expected to grow at a CAGR of 14.71% during the forecast period.
North America is the most significant shareholder in the global medical nitrile gloves market and is expected to grow at a CAGR of 13.16% during the forecast period.

Competitive Players
The global medical nitrile gloves market's major key players are Dynarex Corporation, Shield Scientific, Mercator Medical S.A, Hartalega Holdings Berhad, Supermax Healthcare Ltd, Top Glove Corporation Bhd, Mckesson Corporation, Atrium Medical Care, Kossan Rubber Industries Bhd, 3M Company, Medline Industries, Inc, Ansell Healthcare Llc, Honeywell International Inc, and Kimberly-Clark.
Market News

In November 2022, Isikel to build supply chain resilience in Texas with domestic nitrile gloves.

Global Medical Nitrile Gloves Market: Segmentation
By Type

Powdered
Non-Powdered

By Usage

Disposable
Reusable

By Applications

Examination
Surgical

By Distribution Channel

Direct Selling
Medical Store

By End-User

Hospitals And Clinics
Ambulatory Surgery Centers
Diagnostic Centers
Rehabilitation Centers

By Regions

North America
Europe
Asia-Pacific
Rest of the World

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