Disposable gloves Market Anticipated to Grow at an Impressive Rate during the Pe

Posted by sunny on April 25th, 2019

Disposable gloves Market by Type, Form and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,"the global disposable gloves market was valued at ,146.2 million in 2016, and is projected to reach ,061.0 million by 2023, growing at a CAGR of 7.5% from 2017 to 2023. In 2016, the medical segment accounted for about three-fifths share of the global market.

Disposable gloves form an essential part of maintaining hygienic conditions, ensuring security of patients and caregiver, and safeguarding against infections. These are used while performing laboratory experiments to ensure safety of the personnel. The usage of gloves minimizes the possibility of infection due to blood flow, pathogens, and other external factors. The adoption of disposable gloves has been a prerequisite for medical applications across the world. The advent of newer manufacturing technologies, increased awareness regarding the benefits of disposable gloves, and improved healthcare practices are expected to catalyze the market growth.

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In terms of revenue generation, powdered disposable gloves accounted for major share of the global disposable gloves market in 2016, and is projected to maintain this trend throughout the forecast period growing at a CAGR of 4.9%.

Natural rubber gloves are the most popular and conventional glove solution and it is projected to grow at a CAGR of 7.2%. Non-powdered disposable gloves segment is expected to continue its dominant revenue share in the global market, due to benefits such as lower risk of side effects. Non-powdered gloves are anticipated to experience higher adoption rate, growing at a CAGR of 11.7% during the forecast period.

In 2016, medical gloves accounted for highest revenue share and it is expected to grow at a CAGR of 6.9% during the forecast period. The use of medical gloves for examination activities are expected to drive the market for medical applications whereas usage of non-medical gloves in food service industry and cleanroom activities is projected to drive the market of non-medical applications.

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Key Findings of the Disposable Gloves Market:

• The polyethylene segment is expected to be the fastest growing segment during the forecast period both in terms of value and volume.
• In terms of value, the non-powder form of gloves is expected to grow at a remarkable CAGR of 11.7% during the forecast period.
• The U.S. dominated the North American disposable gloves market in 2016 and is projected to grow at a CAGR of 5.1% from 2017 to 2023.
• The food service application by volume accounted for about two-fifths share of the global market as is expected to grow at a CAGR of 5.3% during the forecast period.
• India is expected to be the fastest growing country in the Asia-Pacific disposable gloves market with a CAGR of 11.2% during 2017-2023, in terms of value and 8.5% in terms of volume respectively.