Rubber Gloves Market: Overview
Rubber gloves are made out of rubber obtained from natural source. Gloves are disposable items used during medical examinations and procedures intended to prevent cross-contamination between health care providers and patients. Examination gloves are available in sizes XS, S, M, and L. Some brands also offer size XL. Gloves are primarily used by health care professionals, generally for examination and surgery. Surgical gloves are sized more specifically, as these are worn for a much longer period of time and require excellent dexterity. There are various benefits of rubber gloves such as proper fit, good touch sensitivity, cost-effectiveness, can be worn for an extended period of time, elastic & strong, and biodegradable.
Rubber Gloves Market: Key Trends
The global rubber gloves market is driven by rise in awareness about hygiene and safety among health care professionals and patients. Rubber gloves are used in various industries such as pharmaceutical, health care, food, biotechnology, automobile, and others. Rubber gloves provide safety from reactive materials, toxic chemicals, and unhygienic conditions. Additionally, manufacture of specific products such as medical device, drugs, and foods, which involve high level of hygiene and handling, is a crucial process that could cause product contamination if proper care is not taken. Demand for rubber gloves is anticipated to increase in the near future owing to the requirement of workers’ safety, product quality control, hygiene, and protection against chemicals. Moreover, usage of rubber gloves is rising among doctors, health care professionals, and surgeons to avoid infections and other complications. Furthermore, rubber gloves have application in household use such as washing and cleaning. Hence, rise in concerns about hygiene, product quality, and safety is projected to boost the growth of the market in the near future.
Rubber Gloves Market: Segmentation
The global rubber gloves market can be segmented based on product type, sterilization type, application, and region. In terms of product type, the market can be bifurcated into powdered gloves and non-powdered gloves. Non-powdered gloves have more applications in surgeries and other sensitive procedures. In terms of sterilization type, the global rubber gloves market can be classified into sterile gloves and non-sterile gloves. Sterile gloves are likely to witness higher demand during the forecast period due to rise in preference of health care providers to use sterile gloves to avoid contamination. Based on application, the market can be categorized into medical use and non-medical use. The medical use segment is likely to account for major share of the market during the forecast period.
Rubber Gloves Market: Regional Analysis
Geographically, the global rubber gloves market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the leading market for rubber gloves in terms of revenue in 2017 owing to rise in prevalence of various diseases and increase in demand for sterile gloves. The market in North America is projected to expand at a high CAGR during the forecast period. The market in Asia Pacific, Latin America, and Middle East & Africa is anticipated to witness strong growth from 2019 to 2027 due to increase in patient population and growing health care industry. The rubber gloves market in developing countries such as Brazil, China, and India is expected to witness robust growth between 2019 and 2027, due to rise in investments by governments of these countries to improve health care facilities.
Rubber Gloves Market: Competitive Landscape
Key players operating in the global rubber gloves market include Ansell Healthcare, Hartalega Holdings Berhad, Cardinal Health, Top Glove Corporation Bhd, Kossan Rubber Industries Bhd, Supermax Corporation Berhad, Clean Q Grip, MREPC MARKETPLACE, SHIELD Scientific, Rubberex, UG Healthcare, and Valutek.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.