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Market Analysis: Safety Drives Glove Market Higher

Donning gloves is almost second nature to health care professionals, especially in the operating room. The market has seen significant growth in the past decade and is expected to reach new heights in the near future.

According to a Zion Research report, the global disposable gloves market was valued at around $5.2 billion in 2014 and is expected to reach approximately $8 billion by 2020, growing at a compound annual growth rate of around 5.5 percent between 2014 and 2020.

Demand for disposable gloves in the health care industry is very high. The health care industry is expected to exhibit a rapid growth rate due to alertness regarding hygiene among patients and medical professionals, according to Globe Newswire.

The report also states that disposable gloves find major applications in other industries such as food and automotive. Disposable gloves are made of various products including natural rubber, neoprene, nitride, polyethylene and vinyl. The use of two gloves, or double-gloving, is high in different sectors including the medical and food and beverage industries.

Safety, both for patients and clinicians, is a motivating factor for glove use.

“The theme of safety is not a new one and in today’s ever-changing health care environment, it is more important than ever,” says Mary Cross, RN, MBA, CWCMS, senior consultant of Clinical Operations at Cardinal Health. “Over the next few years, we see the surgical gloves market continuing to move toward a focus on improving safety in the OR. Trends such as wearing two surgical gloves to reduce the risk of bloodborne pathogen transmission can have meaningful impact on safety when it comes to surgical gloving.”

“Double-gloving, or wearing two surgical gloves, has a major impact on clinician safety and is a trend we see continuing to grow,” she adds. “In 2013, 27 million surgical undergloves were sold, and this number has increased to 44.5 million in 2015. Wearing two surgical gloves significantly reduces infection risk to operating room personnel the second glove protects against bloodborne pathogens when the outer glove is punctured.”

A 2016 Transparency Market Research report states that the global disposable gloves market stood at $5.2 billion in 2012 and is predicted to reach $7.8 billion by 2019. It is predicted to expand at a compound annual growth rate of 6.20 percent from 2013 to 2019.

“There are majorly two types of medical gloves, namely surgical and examination medical gloves. Medical gloves have better precision, sensitivity, and a more precise sizing and are manufactured to a higher standard than regular gloves used by consumers,” according to Transparency Market Research.

“Factors such as the rising health care spending and the increasing demand from unconventional end-use industries are amongst the prime factors fueling the market for disposable gloves,” Transparency Market Research adds. “In addition, specialized medical gloves being preferred over a number of other types of gloves within the health care industry will also boost the market. On the other hand, the volatile prices of raw materials and currency fluctuations in the market for disposable gloves are amongst the prime factors that may restrain the growth of the market in the coming years.”

Transparency Market Research reports that the segment of nitrile gloves is predicted to be the most swiftly developing segment and is poised to exhibit a 6.80 percent compound annual growth rate from 2013 to 2019. This is owing to the increasing demand for nitrile gloves within the medical industry. 

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