Increasing Stem Cell Transplant Procedures Pushing Up Medical Gloves Sales in Asia-Pacific

With the recent outbreaks of various contagious diseases such as Middle East respiratory syndrome (MERS), Zika, severe acute respiratory syndrome (SARS), and Ebola, medical gloves are increasingly becoming extremely essential in healthcare operations. The outbreak of the COVID-19 (SARS CoV-2) pandemic has further pushed up the requirement for medical gloves, on account of their ability to prevent direct contact between persons, which is very essential for reducing the spread of the coronavirus.

Moreover, as the coronavirus is transmitted via direct contact and droplets, medical authorities and governments are increasingly mandating the use of medical gloves for people and healthcare workers. Researchers have found that protective medical equipment such as examination and surgical gloves reduce the spread of infection by a huge margin. Apart from contagious diseases, the increasing incidence of chronic diseases is also driving the sales of medical gloves across the world.

As per a study conducted by P&S Intelligence, the medical gloves market size is progressing at a 10.8% CAGR during the forecast period. The market has been registering growth due to the increasing risk of contagious diseases, rising volume of surgeries, surging geriatric population, growing healthcare spending, and increasing burden of chronic diseases across the globe.

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As per the Organisation for Economic Co-operation and Development (OECD), in Japan, 5,032 stem cell transplant procedures were performed in 2010. Furthermore, the country witnessed a sharp rise in stem cell transplants in the next few years and recorded 5,609 procedures in 2015. Similarly, the number of transluminal coronary angioplasties increased in Australia from 37,600 to 45,517 from 2010 to 2017. This massive rise in the number of surgeries pushed up the sales of medical gloves in the country.

Therefore, it can be said without any doubt that the sales of medical gloves are predicted to rise enormously all over the world in the coming years, primarily because of the growing incidence of contagious and chronic diseases, the recent outbreak of the COVID-19 pandemic, and the rising awareness about hygiene among the people and healthcare practitioners.