Roughly valuating to a US$10 Bn industry (2021), global nitrile gloves market has gained a prominent push from the COVID-19 pandemic situation. Besides, the market anticipates an excellent growth prospect, especially on the light of surging usage during cosmetic surgeries.
Perceived Benefits During Clinical Procedures to Boost Nitrile Gloves Market Growth
Nitrile gloves are one of the recent developments in the medical kits space and are superior to their conventional counterparts. Manufactured using artificial polymer, they are widely used in several applications owing to their functional advantages. Particularly after the COVID-19 pandemic, medical facilities have largely invested in proving better quality products to their faculty. While cost is one of the inevitable considerations, wearability and quality are also of the critical importance that needs to be on top priority. Nitrile gloves offer advantages from both the standpoints in form of cost efficiency, and operational functionality. More affordable than latex gloves, and of superior quality, nitrile gloves continue to garner traction across both medical and non-medical fields. This is expected to predominantly drive nitrile gloves market.
In addition, nitrile gloves provide high chemical resistance compared to vinyl and latex gloves, making them an apt choice for a laboratory set-up. Furthermore, most of the patient population is prone to latex allergies. That said, being latex-free, nitrile gloves remain the most sought-after product used in surgeries, as well as during routine check-ups. The other benefits such as high tactile sensitivity, superior puncture and tear resistance, and comfortable fitting further propel their use in most applications, thereby driving the growth of nitrile gloves market.
Rise in Sectors Like Cosmetic Surgery, and Wound Care Bolsters Nitrile Gloves Market
Rising number of surgeries, especially plastic and cosmetic procedures is expected to influence the demand for nitrile gloves. For instance, according to analysis of ISAPS (International Society of Aesthetic Plastic Surgery), around 4,667,931 cosmetic procedures were performed in the United States alone in 2020. Likewise, according to ASPS (American Society of Plastic Surgeons), more than 15 million cosmetic procedures were performed in 2020 worldwide. Moreover, trending body shaping cosmetic procedures along with fat reduction and breast augmentation procedures are also witnessing a spike. Such aesthetic surgeries call for advanced safety for both surgeons and patients, in turn fuelling the adoption of nitrile gloves.
Additionally, increasing road accidents every year are a topic of concern among individuals and healthcare facilities. With a spike in road accidents, a parallel rise in the percentage of individuals getting injured is being witnessed. This can result in wounds reaching the chronic stage in case of infections due to improper care. Complications associated with chronic wounds such as infective venous eczema, cellulitis, haemorrhage, and gangrene can lead to disability. This has triggered use of effective medical wearables to protect physicians and patients from further infections, in turn paving potential pathway of growth for the nitrile gloves market.
Disposable Gloves Contribute Largely Toward Value Growth of Nitrile Gloves Market
The demand for disposable nitrile gloves has witnessed a significant spike on the back of their increasing use in the medical sector. Meant for single use, disposable nitrile gloves are discarded after use. For every new procedure a new disposable nitrile glove is used which ensures high level of hygiene and effective functioning of the product. Moreover, cost effectiveness and higher safety assured by disposable nitrile gloves has fuelled their demand. These gloves, being thinner in comparison with durable nitrile gloves, offer a high degree of sensitivity and provide optimum protection against mild irritants, and chemicals. In this background, their use in delicate or intricate procedures is expected to drive demand, consequently complementing the value growth of the nitrile gloves market.
Nitrile Gloves Market to Witness High Momentum Across Asian Countries Through 2027
Although countries in North America have been reflecting dominance in the nitrile gloves market, emerging economies in Asia Pacific are poised to showcase higher lucrativeness. Asia Pacific has remained a sought after region owing to several macro factors such as cheap land and labour, increasing customer pool, and business-friendly environment. This has attracted several companies operating in a wide range of industries in the region. Industries such as manufacturing, healthcare, pharmaceuticals, and chemical have been gaining significant momentum in the region backed by rising urbanization and stable GDP growth. This factor has offered ample opportunities to businesses such as medical kits, products, and consumables, in turn influencing the growth of nitrile gloves market.
Moreover, rising ageing population coupled with an escalating number of cosmetic procedures afoot especially across the fast-developing economies in Asia Pacific are expected to boost demand for nitrile gloves. For instance, according to ISAPS, in 2020, 524,064 cosmetic procedures were performed in India alone and this number is likely to increase in the coming years. This factor is expected to provide an optimistic scenario for manufacturers of nitrile gloves in Asia Pacific a few years down the line.
Nitrile Gloves Market: Competitive Landscape
A few of the major players in the nitrile gloves market include Ansell Ltd., Superior Gloves, Ammex Corporation, Cardinal Health, and Dynarex Corporation.
The global nitrile gloves market is segmented as below:
By Type
By Product
By End Use
By Region
Key Elements Included In The Study: Global Nitrile Gloves Market
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