Medical and Industrial Gloves Market to Grow at a CAGR of 7.9% through 2026
Persistence Market Research has estimated the global market for medical & industrial gloves at US$ 12,868.6 Mn by the end of 2026, exhibiting robust expansion at a CAGR of 7.9% over 2018–2026. According to the latest market outlook released by the company, the global Medical & Industrial Gloves Market holds promising growth prospects over the next eight years. The market will benefit from multiple innovations through intense research and development efforts initiated by hospitals and research centers, as well as medical research institutes, in near future.
Low-cost Antimicrobial Medical Gloves Launched in London; Worldwide Launch Plans in Pipeline
A revolutionary type of medical examination glove has been developed recently, which seems to have an entire new layer of infection control. These gloves are designed to have the built-in antimicrobial technology, which has already been evident of preventing the spread of infection in highly sensitive areas such as hospitals. A microbiologist, and a professor by profession in the University of Nottingham, has been working for more than six years on the research and development of infection-preventing medical examination gloves. The researcher has been working with a few professionals from the Malaysian glove making giant Hartalega Malaysia, and the antimicrobial research and development company Chemical Intelligence UK.
The non-leaching antimicrobial technology that has been used in the trials refers to as “a new active microorganism-killing molecule.” The infection-preventing medical gloves are claimed to be possessing an active molecule that has the capability to kill microorganisms, which has been specifically designed to prevent the spread of bacterial infection, to and from surfaces and people. Since the infection-controlling technology has been built into the material, it offers an additional advantage of not requiring any surface applications of any solutions or chemicals, before use. It has been claimed by the resources involved in the trial for these medical gloves that these gloves recorded nearly 99.9% bacterial killing during independent testing.
Experts are expecting the antimicrobial medical gloves to directly translate the life science into a practical tool that will potentially hold an immense impact on the global market for medical and industrial gloves. These gloves are likely to be initially available in hospitals worldwide, and the manufacturing partners are anticipated to assure lower cost of these product, chiefly to prevent barriers to access.
PMR’s Global Medical & Industrial Gloves Market Report: Key Takeaways
- Increase in number of surgeries and growing number of end-users are some of the driving factors for the medical & industrial gloves market. However, increasing disposable waste and environmental damage restrain the market growth.
- North America and Europe occupy more than 80% of the Medical & Industrial Gloves Market. In recent years, rise in cases of hospital acquired infection are reported in in North America.
- In terms of end users, the medical sector accounts for maximum revenue in the Medical & Industrial Gloves Market due to increased usage of gloves in acute care, laboratory services, and research services.
- Ban of powdered gloves and growing reuse of disposable gloves are some of the challenges observed in the medical & industrial gloves marketplace, expected to hamper market growth.
- Disposable Examination Gloves is the most common product that is commercially available.