2021 Surgical Gloves Market Revenue
According to the World Health Organization (WHO), more than 15% of hospitalized patients are affected by these infections. As a result, different health authorities in various countries are making considerable efforts to raise awareness about this topic, which subsequently strengthens the prospects of the industry.
Growing preference for disposable gloves
The growing preference for disposable surgical gloves can be attributed to the advantages they offer, such as a high degree of protection, seamless removal and numerous applications in the healthcare industry. In 2020, the disposable gloves segment had captured a dominant share in the surgical gloves market and is expected to register a significant valuation of over $ 5,990 million by 2027. These gloves undergo chlorination during the manufacturing process, which helps reduce surface friction inside the glove. Additionally, disposable gloves are available in a variety of types including nitrile, latex, or vinyl, further fueling their demand.
Increase in online sales
During the current COVID-19 crisis, the preference for e-commerce platforms among patients as well as healthcare professionals has increased dramatically. Paranoia over the pandemic, travel restrictions, social distancing measures and insufficient medical supplies at physical pharmacies have increased demand for these platforms. E-commerce portals offer a wide variety of non-prescription medical equipment and supplies at relatively lower costs. Considering the growing consumer preference, the e-commerce segment is expected to register a notable valuation of over $ 2,652 million by 2027.
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Growing demand in diagnostic centers
The increasing prevalence of chronic disorders such as diabetes, cancer, etc., leading to increased demand for screening and diagnosis, is strongly stimulating the adoption of products in diagnostic centers. These centers play a crucial role in the use of diagnostic and screening services, as more than 75% of clinical decisions are based on clinical diagnoses. The growing demand for early diagnosis of diseases, coupled with the increasing investment by public and private organizations in the development of diagnostic centers, further improves the business space. The surgical gloves market is expected to generate more than $ 587 million of revenue from the diagnostic center segment by 2027.
Growing awareness of clinical hygiene in India
The increasing prevalence of HAIs coupled with the growing awareness of clinical hygiene in the country is creating a positive scenario for the Surgical Gloves market in India. According to the report, the Indians surgical gloves The industry is expected to experience a lucrative CAGR of over 9.4% through 2027. The growth can be attributed to ongoing initiatives by public health facilities and the growing importance of clinical hygiene during the COVID pandemic -19. According to a study by the Indian Council of Medical Research (ICMR), 5% of frontline medical workers are likely to be infected with the coronavirus. To this end, ICMR has introduced the hospital infection control guidelines to reduce the growing risk of IAS and poor hygiene practices that are driving product uptake in the country.
Strategic initiatives of the main market players
The major players operating in the Surgical Gloves market are focused on new product launches and various business expansion strategies to gain competitive advantage in the market. For example, in 2020, Supermax Healthcare Canada, owner of Aurelia Gloves Canada®, launched the “Helping Hands” initiative. The initiative aimed to provide around 400,000 personal protective equipment (PPE) free of charge to nonprofits across the country to deal with the precarious situation caused by the COVID-19 crisis.
To sum up, the increase in cases of nosocomial infections, especially during the COVID-19 pandemic, coupled with increasing people’s awareness of hygiene and the introduction of new products is accelerating the expansion of the gloves market. surgical.
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