Nitrile Gloves Market
Global Market Study on Nitrile Gloves: Rising Adoption of Cost-effective and Innovative Surgical Procedures to Spur Demand
Nitrile Gloves Market Segmented By Powder-Free Gloves, Powdered Gloves Product Type with Disposable Gloves, Reusable Gloves in Sterile Gloves, Non-Sterile Gloves Sterility
The rate of annual surgical procedures continues to increase across the world. Scientific and technological advancements in surgical procedures for various health conditions in developed and emerging economies are expected to raise the adoption of allergy-free and sterile nitrile. In the nitrile gloves market, leading industry players are focusing on clinical research and innovative new product launches to facilitate effective surgeries for trauma and other surgical conditions.
For instance, according to CDC statistics, the rate of surgical procedures performed at ambulatory surgery centers increased by 300% in the U.S. from 1996 and 2006, to significantly push demand in the nitrile gloves market. In addition, in 2010, 51.4 million inpatient surgical procedures were completed in non-federal hospitals in the U.S., and this number is expected to help the expansion of the nitrile gloves market size over the coming years.
Find Out More about the Report Coverage
- Cardinal Health
- Kimberly Clark Corporation
- Top Glove Corporation Berhad
- Dynarex Corporation
- Ansell Limited
- Adventa Berhad
- Rubberex Corporation
- 3M Company
- Kossan Rubber Industry Ltd.
- Hartalega Holdings Berhad
- Supermax Corporation Berhad
- Medline Industries, Inc.
- B. Braun Melsungen AG
Significant Incremental Opportunity in Global Nitrile Gloves Market
Shortage of raw material, limited global manufacturing capacity of nitrile gloves, and boosted product demand for sterile nitrile gloves are significantly fuelling the growth of the nitrile gloves market, whose incremental opportunity is estimated to expand 10X during the forecast period of 2020 to 2030.
North America is a dominant region in terms of nitrile gloves market share as far as revenue is concerned. This reflects the high standard of hygiene and regulatory compliance requirement by U.S. healthcare regulatory authorities. In addition, a pre-existed import ban on medical nitrile gloves from leading manufacturing countries such as Malyasia has been suspended by the U.S. government amid the high demand situation. These changes in regulations and import policies are expected to lend significant growth to the North America nitrile gloves market.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Strategic Collaborations & Innovations by Leading Players to Spur Rapid Market Expansion
Industry players are focusing on partnerships and acquisitions to get early market entry and high nitrile gloves market market share. This key trend is being observed across North America, Europe, and in Asian countries such as Malaysia, Japan, and China. Such strategies also enable companies to accelerate their market reach and revenue gain.
- For instance, in November 2019, Ansell Limited announced a partnership with ProGlove, a leading provider of nitrile gloves, to develop hand protection solutions utilizing technology to ensure the right personal protective equipment (PPE) compliance at healthcare facilities. This partnership is expected to strengthen the market position of the company in global nitrile gloves market.
Product innovation and innovative material use in nitrile glove manufacturing are core strategies focused on by leading companies to extend their product portfolio in the nitrile gloves market. Use of unique processes to obtain allergy-free raw rubber and addition of anti-microbial substance in nitrile gloves is expected to provide value-added benefits in medical applications.
- For instance, Top Gloves Corporation has developed and commercialized aloe vera nitrile gloves that provide smoothing and moistening to the skin. These gloves have inner chlorination and are coated with aloe vera for easier donning.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
COVID-19 Crisis Impact – Enhanced CDMO Capabilities with Technological Advancements
There is high allocation of funding from local governments and companies for the expansion of existing facilities and construction of new facilities to tackle the COVID-19 pandemic. In addition, enhancing unique vaccine CDMO capabilities and capacity with technological advancements is a core strategy being followed by leading CDMO players. For example, in June 2020, Emergent BioSolutions Inc. joined the U.S. Government’s Warp Speed Program in a landmark public-private CDMO partnership for rapid domestic development and manufacturing of COVID-19 vaccines through 2021, valued at approximately US$ 628 million.
Disruptive unmet demand for medical gloves with 10X rise in average selling price, and urging of the WHO for effective COVID-19 outbreak prevention, are expected to propel the growth of the global nitrile gloves market in a big way.
Explore Persistence Market Research’s expertise in promulgation of the business !
An extensive analysis of the nitrile gloves market has brought our analysts to a conclusion that, the market is growing at a significant pace. Currently, sterile and powder-free nitrile gloves are targeted segments for major players, and hence, these segments dominate the global nitrile gloves market by product type in terms of revenue. North America and Europe collectively hold more than 70% of revenue share due to high demand and price hike in these regions. Emerging countries such as India and Brazil are expected to offer lucrative opportunities for the growth of the nitrile gloves market, owing to increasing cases of COVID-19, high pool of patients, and increasing awareness among the population.