The medical gloves market will advance at a rate of 10.8% by the end of this decade, to reach USD 20,435.6 million by 2030. The growth of the industry has a lot to do with the growing risk of infectious ailments, growing elderly populace, soaring healthcare spending, mounting incidence of chronic ailments, and increasing number of surgeries.
On the basis of application, the examination category, was the leader of the industry in the past, and it will grow faster in the years to come as well. This would be because of the growing number of examination procedures, already higher than the count of surgical procedures.
The non-sterile category had the larger share in the past, and it will continue its ascendence in the industry, on the basis of sterility. This is because of the increasing use of non-sterile gloves for medical examinations.
While, the sterile gloves will have a faster growth faster growth by the end of this decade as a result of the rising cases of COVID-19 and easy obtainability of sterile gloves in a various size.
The direct category had the share in the medical gloves market in the past, and it will continue its supremacy in the future.
As per the U.S. Department of Health and Human Services statistics, 1 in 13 persons suffered from asthma in 2019. Furthermore, there were 14.8 million new cases of COPD amongst adults in 2018.
Customers are more in favor of non-powdered medical gloves and not powdered ones due to the non-allergic properties of the non-powdered alternative.
This is trending because of the starch in powered gloves, offering better hand movements and prevention from sticking to each other throughout packaging. Though, the starch can lead to allergic reactions while execution of surgeries. Furthermore, the easy obtainability of non-powdered gloves at a reasonable cost is enhancing their demand.
Rising healthcare spending all over the world is directly proportional to the growing demand for medical gloves.
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