Skip to content Skip to footer

Surge in Demand Amplifies Global Medical Gloves Market: A Comprehensive Industry Analysis

According to a recent industry analysis conducted by Persistence Market Research, the global Medical Gloves market was worth around US$ 9.08 billion in 2021 and is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 6% from 2022 to 2032. It is projected that by 2032, the market will touch US$ 17.6 billion. The rapid expansion in the Medical Gloves market is attributed to the surge in demand for personal protective equipment in the healthcare industry to ensure patient safety. Disposable gloves and masks are continuously in demand, accelerating the market growth. The current pandemic has escalated people’s awareness about hygiene, propelling the usage of gloves among both layman and healthcare professionals.

This report from Persistence Market Research presents a valuable insight for diverse stakeholders such as start-ups, established industry players, investors, researchers, consultants, and business strategists. The report delineates a granular understanding of the industrial landscape.

Owing to the outbreak of COVID-19 in 2020, manufacturers are working at full capacity to meet the escalating demand, which has outpaced the available supply. This imbalance has affected a broad spectrum of end users, healthcare providers, and other industrial users, in particular. The market represents a fragmented scene, encompassing various local, emerging and established entities. Key market players have embarked on promotional endeavors to unveil innovative glove materials designed and engineered for augmented efficacy concerning disintegration post-disposal.

The report by Persistence Market Research renders historical market assessment from 2017 to 2021 and showcases demand projections from 2022 to 2032. The detailed study includes market segmentation by product, end user, and region. It provides a unique perspective and actionable insights on the medical gloves market.

Persistence Market Research employs business intelligence as the cornerstone of all its business models. The methodology involves using multidimensional data sources, such as big data analytics, customer experience analytics, and real-time data collection. The firm’s proactive approach aids businesses in strategic decision-making, offering techno-commercial insights in advance so that businesses can streamline their planning.

Source: https://www.digitaljournal.com/pr/news/people-powered-news/medical-gloves-market-grow-cagr-1378282509.html

Sign Up to Our Newsletter

Be the first to know the latest updates

[yikes-mailchimp form="1"]