Global Market Study on Nitrile Gloves: Rising Adoption of Cost-effective and Innovative Surgical Procedures to Spur Demand


Nitrile Gloves  Market
  • Published On : Sep-2020 |
  • Pages : 210 Pages |
  • Format : Nitrile Gloves  Market Nitrile Gloves  Market Nitrile Gloves  Market Nitrile Gloves  Market

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.

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.

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.

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.

Analysts’ Viewpoint

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.

Nitrile Gloves Market - Scope of the Report

The latest publication by Persistence Market Research (PMR) on the global nitrile gloves market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global nitrile gloves market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, and opportunities of the nitrile gloves market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.

Important indicators for the successful growth of the nitrile gloves market are presented in this comprehensive report, which include supply chain analysis, value chain analysis, Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in PMR's research. This research study can support readers to know the demand for nitrile gloves and quantitative development opportunities during the study period.

The research is beneficial for shareholders in the nitrile gloves market, including nitrile gloves market investors and service providers, and can help them in developing suitable business strategies to flourish in the market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the nitrile gloves market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the nitrile gloves market are also included in the current study. Depending on potential developments in the nitrile gloves market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this nitrile gloves market report, minor companies and new entrants in the nitrile gloves industry can be aided in making suitable company choices to achieve traction in the nitrile gloves market.

Key Segments of Nitrile Gloves Market

PMR’s study on the nitrile gloves market offers information divided into five important segments—product type, usage, sterility, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Product Type

  • Powder-free Gloves
  • Powdered Gloves

Usage

  • Disposable Gloves
  • Reusable Gloves

Sterility

  • Sterile Gloves
  • Non-sterile Gloves

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Diagnostic Centers
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Answered in PMR’s Nitrile Gloves Market Report

  • Which regions will continue to remain the most profitable regional markets for nitrile gloves market players?
  • Which factors will induce a change in the demand for nitrile gloves during the assessment period?
  • How is the COVID-19 crisis changing the trends in the nitrile gloves market?
  • How can market players capture the low-hanging opportunities in the nitrile gloves market in developed regions?
  • What are the winning strategies of stakeholders in the nitrile gloves market to upscale their position in this landscape?
  • What are the restraints that investors need to be aware of and tackle while investing in the nitrile gloves market?
  • What are the developmental trends in nitrile glove sectors that will impact the market?
  • How can businesses in the nitrile gloves market avail growth the opportunities in developed and emerging economies?

Nitrile Gloves Market: Research Methodology

In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the nitrile gloves market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the nitrile gloves market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed specialized industry experts, medical professionals with nitrile gloves surgeries, and key executive of product manufacturing companies, who have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the nitrile gloves market, and makes PMR’s projections on the growth prospects of the nitrile gloves market more accurate and reliable.

Companies covered in Nitrile Gloves Market Report

  • 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
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