Examining the Macro-Environmental Factors Impacting the Hand Protection Equipment Industry

Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Hand Protection Equipment Industry was valued at USD 23.8 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Nitrile Gloves Market Insights

The global nitrile gloves market size was estimated at USD 6.56 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.7% from 2023 to 2030. The market growth is expected to be driven by growing healthcare expenditure, increased significance of workplace safety, and rising awareness of healthcare-associated infections.

Healthcare industry in major developing countries is also expected to witness significant growth owing to several factors including growing investments in both public and private sectors, increasing population, rising geriatric population, and high influx of migrants. In addition, increasing healthcare expenditure is projected to boost the growth of the healthcare industry globally, which, in turn, is anticipated to spur the demand for hand protection over the forecast period.

As compared to latex gloves, nitrile gloves offer various benefits such as long shelf life, less friction, and puncture resistance. Furthermore, rising awareness regarding latex allergies is anticipated to drive the demand for these products over the forecast period. Enhanced resistance of nitrile gloves toward puncture and chemicals as compared to that of vinyl and latex gloves is expected to augment the market growth.

Order your copy of the Free Sample of Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Rubber Gloves Market Insights

The global rubber gloves market size was estimated at USD 13.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030. Stringent laws and significant costs associated with workplace danger and growing awareness among industry participants about worker safety & security at work are expected to fuel industry expansion over the forecast period. Governments around the world are investing heavily in a sufficient supply of Personal Protective Equipment (PPE), which includes products, such as gowns, gloves, face shields, and masks, during the pandemic in 2020. Major market players are also working together with hospitals, medical institutions, and NGOs to offer PPE directly to get a competitive advantage.

One of the most prominent countries in North America is the U.S., the country places a strong emphasis on worker safety in industries including automotive, oil & gas, and chemicals. The absence of gloves was contributing factor in nearly 23% of workplace injuries in 2018 according to the U.S. Bureau of Labor Statistics. Companies are becoming more aware of the worker’s safety due to stringent regulations for safety, which, in turn, is expected to drive the industry growth in the country. The growing public awareness about the importance of good hygiene to prevent the transmission of viruses, germs, and other pathogens brought on by improper handling of food products in bakeries, food & beverage establishments, and restaurants will support the growth.

Go through the table of content of Hand Protection Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Hand Protection Equipment Industry Data Book Competitive Landscape

The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market.

Key players operating in the Hand Protection Equipment Industry are:

• Atlantic Safety Products, Inc.
• Ammex Corporation
• Kimberly-Clark Corporation
• Sempermed USA, Inc.
• Halyard Health, Inc.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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Hand Protection Equipment Industry: The Healthcare Segment Accounted For the Highest Revenue Share in 2021

Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Access the Global Hand Protection Equipment Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Disposable Gloves Market Report Highlights

The global Disposable Gloves Market size was valued at USD 10.29 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023-2030.

• By material, the nitrile segment is estimated to expand at the fastest CAGR of 5.0% from 2023 to 2030 in terms of revenue owing to the increasing adoption of nitrile gloves in the chemical, medical, painting, laboratory, dentistry, and oil sectors
• Based on product, powder-free gloves accounted for the largest revenue share of over 74.0% in 2022 on account of the rising preference for non-powdered gloves across many industries, including chemical, medical, and food processing
• The medical and healthcare end-use segment accounted for the largest revenue share of over 79.9% in 2022 owing to its ability to provide barrier protection against the risk associated with the on-the-job transmission of germs and other environmental contaminants
• The market in India is likely to witness significant growth from 2023 to 2030 on account of the COVID-19 pandemic, along with the growing healthcare industry owing to the rising expenditure by the public and private players and growing disposable incomes

Order your copy of Free Sample of “Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Disposable Medical Gloves Market Report Highlights

The global Disposable Medical Gloves Market size was valued at USD 7.65 billion in 2022 and is expected to grow at compound annual growth rate (CAGR) of 5.3% from 2023 to 2030.

• The natural rubber material segment contributed to the maximum revenue share in 2022. These materials are flexible and easy to wear & use, which makes them ideal for use in handling water-based or biological materials
• The demand for surgical disposable medical gloves is expected to witness significant growth from 2023 to 2030 on account of precise sizing and design that offers high accuracy and tactile sensitivity as required by healthcare workers
• The hospital end-use segment accounted for the largest revenue share in 2022 owing to the high prevalence of chronic diseases, which increased the number of hospital visits and re-admissions
• The Asia Pacific regional market is expected to register the fastest CAGR over the forecast period owing to the rapidly growing healthcare infrastructure including hospitals and clinics coupled with rising medical tourism
• In December 2021, Supermax Corp. Berhad incorporated Maxter Healthcare Inc., a new wholly-owned subsidiary in the U.S. to produce Personal Protective Equipment (PPE) and medical gloves

Go through the table of content of Hand Protection Equipment Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market. Strategies adopted by the companies includes product portfolio expansion, product development, and distribution network expansion.

Key players operating in the Hand Protection Equipment Industry are:

• Halyard Health, Inc.
• Medline Industries, Inc.
• Cardinal Health
• Kossan Rubber Industries Bhd
• Globus (Shetland) Ltd.
• MAPA Professional

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. 

Contact:  

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Hand Protection Equipment Industry: Disposable Medical Gloves Market to expand at a CAGR of 5.3% by 2030

Hand Protection Equipment Industry Data Book Covers Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves, and Nonwoven Disposable Gloves Market

Grand View Research’s hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Access the Global Hand Protection Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Disposable Gloves Market Growth & Trends

The global disposable gloves market size is expected to reach USD 16,772.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2023 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.

The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is projected to boost the market growth over the forecast period. Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.

Disposable Medical Gloves Market Growth & Trends

The global disposable medical gloves market size is anticipated to reach USD 12.44 billion by 2030, registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The global market is primarily driven by the increasing prevalence of infectious diseases and viral outbreaks coupled with increasing rising expenditure. Factors, such as growing investments in both public & private sectors, an increasing geriatric population, and a high influx of migrants coupled with the increasing healthcare expenditure are expected to boost the healthcare industry growth, which, in turn, will boost the product demand. The adoption of novel practices in the healthcare & medical settings and the development of better medical care products & technologies are projected to drive the demand for healthcare services and the need for modern medical infrastructure. 

This, in turn, will drive the market over the years to come. Due to the COVID-19 pandemic, many players adopted automation. The use of robotics in the manufacturing of gloves and other processes, such as packaging and counting, are emerging in the market. For instance, Doka Industrial Automation designed a machine to automate the process from manufacturing to the packaging of gloves. The resurgence of the COVID-19 is expected to increase hospital visits and boost the product demand. Companies are undertaking strategic investments to strengthen their product portfolio. For instance, in March 2021, Hartalega Holdings Berhad bought land in Kedah from Northern Gateway Free Zone Sdn Bhd of 250 acres for USD 55.4 million to expand its manufacturing operations of gloves.

Order your copy of the Free Sample of “Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Nitrile Gloves Market Growth & Trends

The global nitrile gloves market size is anticipated to reach USD 10.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% from 2023 to 2030. The industry is primarily driven by rising healthcare expenditures, the growing importance of safety at workplaces, and a significant surge in protective equipment demand during the COVID-19 pandemic.

Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive market growth. The importance of worker safety has significantly increased owing to the increasing employment in industries across Asia Pacific. The rapid spread of the COVID-19 pandemic is anticipated to increase the demand for nitrile gloves among frontline healthcare workers for testing and examination purposes.

In addition, nitrile gloves have witnessed a substantial increase in demand in the healthcare industry on account of their necessity in various other healthcare and medical applications. Increasing requirement of hand protective equipment by healthcare professionals during the COVID-19 pandemic in 2020 has boosted the demand for nitrile gloves across the globe. Hence, manufacturers such as Top Glove Corporation Bhd and Kossan Rubber Industries Bhd had to increase their manufacturing capacity to match global demand.

Rubber Gloves Market Growth & Trends

The global rubber gloves market size is expected to reach USD 18.28 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 3.9% over the forecast period. Rising government spending on healthcare in countries, such as Germany, Italy, India, Australia, and the U.K., is likely to boost industry expansion over the forecasted period. The global COVID-19 pandemic augmented the need for Personal Protective Equipment (PPE), such as gowns, gloves, face shields, and masks. Governments from across the world are coordinating with rubber glove makers to ensure enough supply in the market and avoid future virus spread.

Rising product usage in industries, such as automotive, oil & gas, construction, clean room, metal & equipment, and chemicals, is driving the industry growth. This is due to the presence of strong rules governing worker safety in numerous nations, such as the Occupational Safety and Health Administration (OSHA), as well as the high expenses associated with workplace dangers. The product demand is predicted to increase as more food & beverage sector operators, such as bakeries, packaged goods, and restaurants, focus on making their products free of direct touch. This can be related to increased consumer awareness about food hygiene and the prevention of illnesses caused by food deterioration and misuse.

Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive industry growth. The importance of worker safety has significantly increased owing to the growing employment in industries across the Asia Pacific and the Middle East regions. Manufacturers in the market are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. They are also focusing on increasing their manufacturing facilities to accommodate rising demand from critical end-use industries, such as oil & gas, healthcare, and pharmaceutical.

Go through the table of content of Hand Protection Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Hand Protection Equipment industry are:

• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Superior Gloves
• Adenna LLC
• MCR Safety

Check out more Industry Data Books, published by Grand View Research