The healthcare industry is a thriving sector with many applications that require medical professionals to use gloves on a large scale. In addition, many non-medical applications also require gloves to maintain hygiene while handling the products. Thus, the growing demand across many end-use industries will attract considerable growth for the disposable gloves market in the U.K. during the forecast period of 2015-2023.
Disposable gloves are made for one time use. They are prominently used for medical purposes to prevent cross-contamination and spread of infections. These gloves are made from different materials such as vinyl, nitrile, polyethylene, neoprene, and natural rubber latex. The benefits associated with disposable gloves make them of great use among a variety of applications in the healthcare sector. The awareness about the importance of wearing disposable gloves while performing certain processes has increased exponentially. This factor will build a good growth structure for the disposable gloves market in the U.K.
The players in the U.K. disposable gloves market comprise mainly local players. These players focus expansively on research and development activities. These activities assist in deriving new formulations and insights that increase the revenues of the players in the disposable gloves market in the U.K. Strategic collaborations help in increasing the influence of the players in the U.K. disposable gloves market, eventually increasing the growth rate.
Transparency Market Research’s (TMR’s) research report on the U.K. disposable gloves market has every component that will assist the stakeholder in understanding the current scenario. The overall U.K. market research survey on disposable gloves by TMR suggests a stable growth period.
According to the TMR experts, the U.K. market for disposable gloves is prognosticated to expand at 7 percent CAGR during the forecast period of 2015-2023. In the context of valuation, the U.K. disposable gloves market is estimated to reach a valuation of US$ 481.5 mn by 2023, the end year of the forecast period, and was valued at US$ 298.6 mn in 2016.
Well-Developed Healthcare Infrastructure to Accelerate Growth
U.K. has a good healthcare infrastructure and the government bodies are increasing their investments to make it more accessible to common people. The investments across the healthcare infrastructure are leading to stocking up of healthcare essentials including disposable gloves. These factors have a positive impact on the growth of the U.K. disposable gloves market. Furthermore, the U.K. has an excellent network of hospitals. The demand for disposable gloves from these hospitals is immense, eventually increasing the growth rate of the U.K. disposable gloves market.
Increasing Number of Communicable Diseases to Influence the Growth of the U.K. Disposable Gloves Market
Communicable diseases like Zika virus, Ebola, and others are increasing at a rapid pace across the globe. These diseases are caused by person-to-person interaction. Thus, to prevent these diseases, disposable gloves are necessary. Therefore, these factors help in developing the overall growth structure of the U.K. disposable gloves market.
Growing Use across the Food and Beverage Industry to Have a Positive Impact on Growth Trajectory
Apart from the healthcare sector, the food and beverage industry also makes immense use of disposable gloves. The gloves are used in the food and beverage industry to maintain the hygiene standards during various processes. According to the food and drink federation, the food and drink manufacturers in the U.K. directly employ more than 4,40,000 people. The employment in the food and beverage sector has grown by 19 percent. Thus, the growing number of people in the food and manufacturing industry will eventually increase the demand for gloves. These factors will serve as game-changers for the U.K. disposable gloves market.
Some well-established players in the U.K. disposable gloves market are Supermax Corporation Bhd, Kossan Rubber Industries Bhd, Smart Glove, and Hartalega Holdings Berhad.
Key segments of the U.K. Disposable Gloves Market
U.K. Disposable Gloves Market, by Product
- Natural Rubber Latex
- Vinyl Disposable
- Nitrile Disposable
- Others (Neoprene, Polyethylene, etc.)
U.K. Disposable Gloves Market, by Application Analysis
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