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Global Nitrile Gloves Market - Forecast(2024 - 2030)
Nitrile Gloves Market Overview
Nitrile Gloves Market size is estimated at $3.9 billion in 2020, projected to grow at a CAGR of 13.8% during the forecast period 2021-2026. Nitrile gloves are latex protein-free, which makes them more appealing to people with latex allergies. Synthetic rubber is also used in their manufacturing, which helps to provide high strength, longevity, and improved flexibility, as well as the ability to minimize hand fatigue, provides a comfortable fit, and low friction. The latest emergence of the COVID-19 pandemic is expected to be a significant factor in driving global demand. The increasing prevalence of COVID-19 in the country has heightened demand, particularly in the healthcare industry, to prevent further dissemination. Moreover, the nitrile glove industry is growing owing to a growing aging populations and stricter health regulations. Manufacturers of gloves have begun to incorporate innovations such as Artificial Intelligence (AI) and Big Data Analytics into their manufacturing processes in order to improve overall quality and capabilities. Globus Ltd, for instance, introduced GREEN-DEX, the world's first biodegradable nitrile disposable gloves. GREEN-DEX biodegrades in biologically active landfills, making it a great single-use hand safety option that also saves money on recycling. As a result, the product demand to combat the spread of the coronavirus, technical advances, Synthetic material and increasing R&D efforts by industry titans are all driving the nitrile gloves market forward.
Nitrile Gloves Market Report Coverage
Key Takeaways
- Nitrile Gloves (ANA) market growth is being driven by technological advances, adoption of new techniques, and the prevalence of various infectious diseases.
- Owing to the presence of potential players who are creating new devices, innovations in medical device technology, major investments in R&D, and government funding, the North American Nitrile Gloves Market held the largest revenue share of 38 percent in 2020. The scope of the Nitrile Gloves Market for various regions will be provided in the final report.
- The Nitrile Gloves Industry is expanding owing to rising perception of the product’s benefits in health centers, as well as an increase in the number of latex allergies.
- The rising incidences of pandemic diseases such as COVID-19 and swine flu (H1N1), as well as rising demand for preventing infection is also expected to push the Nitrile Gloves industry.
Nitrile Gloves Market Segment Analysis – By Product Type:
Nitrile Gloves Market Segment Analysis – By Type:
Based on Type, Powdered-Free accounted for the largest revenue market share in 2020 as powder-free gloves are commonly used in the medical and healthcare industries, where disposable gloves are in high demand and growing rapidly following the outbreak of the COVID-19 pandemic. Latex protein Powder-free nitrile gloves are estimated to hold the largest the market owing to their rising popularity in industries such as food processing, medical and chemical. Furthermore, several authoritarian regimes are supposed to benefit the powder-free segment. Powdered is projected to witness the fastest CAGR of 14.3% during the forecast period 2021-2026. Cornstarch and calcium carbonate are used to powder nitrile gloves. Cornstarch powder, which is commonly used, aids in quick donning, improved grip, and moisture reduction. Powdered nitrile gloves aren’t known to cause allergies driving the segment growth. However, if worn for an extended period of time, these gloves can cause skin sensitivities or allergies. The United States Food and Drug Administration banned the manufacture, sale, and distribution of powdered patient inspection and surgeon gloves on January 19, 2017. While powdered gloves for industrial applications have not been banned by the FDA, they are gradually being phased out, which is expected to have a negative effect on the segment.
Nitrile Gloves Market Segment Analysis – By Geography:
Based on Geography, North America Nitrile Gloves Market accounted for the 38% revenue share in 2020. This is mainly attributable to growing public health concerns and increased demand for disposable gloves. Latex Protein Gloves used for medical purposes have been approved by the FDA. In North America, these food gloves are approved for food handling and preparation. The FDA has approved it for use in food service and food manufacturing in the United States, and the Canadian Food Inspection Agency (CFIA) has approved it for use in Canada. The rise is expected to be fueled by factors such as raising healthcare costs, an aging population, and increased knowledge of healthcare-acquired infections is accelerating Nitrile Gloves Industry expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026. This is primarily due to increased healthcare spending, especially in China, Japan, India, and South Korea. In addition, the awareness of safety and cleanliness among patients and health care professionals is fuelling the demand for nitrile medical gloves.
Nitrile Gloves Market Drivers
The Growing Awareness Among People Related To Contagious Diseases & Hygiene:
The demand for nitrile gloves is increasing as a result of growing hygiene awareness. Keeping hands clean is one of the preventive steps for infection prevention. Healthcare facilities just sanitize their hands about half of the time, according to the Centres for Disease Control and Prevention. If the importance of hygiene at the workplace rises, the market for nitrile medical gloves is expected to rise as well. The number of geriatric patients is expected to rise dramatically as the geriatric population grows, with wound closure driving the Nitrile Gloves Industry. The latex protein free gloves product demand is growing due to an increase in the number of infectious diseases around the world. Health tests may be used to identify and diagnose contagious diseases. An increasing number of infectious diseases, as well as improved healthcare services, are all contributing to the Nitrile Gloves Market rapid growth.
Nitrile Gloves Market Challenges
Strict Regulations On Polymer Products Imposed By Government
Nitrile Gloves Market Landscape:
Acquisitions/Product Launches:
- In October 2019, Hedy Canada Inc was acquired by Medicom Inc, a leading global producer and distributor of infection control and prevention products for the healthcare industry. This acquisition helps Medicom to strengthen and broaden its presence in key product segments across North America, as well as accelerate the company's global product portfolio expansion.