Disposable Medical Gloves Market: Impact of Regulatory Changes and Standards
The global disposable medical gloves market is projected to grow significantly in the coming years, driven by various factors. In 2023, the market was valued at USD 6.93 billion, and it is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.9% from 2024 to 2030.
Several key factors contribute to this growth. Firstly, the increasing emphasis on safety and security within healthcare workplaces is a major driver. As healthcare expenditure continues to rise, there is a growing need for protective measures to safeguard both healthcare professionals and patients. Secondly, heightened awareness about safety and health protocols, particularly in relation to patient treatment and emergency response, is fueling the demand for disposable medical gloves.
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Additionally, the risks associated with occupational exposure to bloodborne pathogens and germs have led to a substantial increase in the adoption of gloves in medical and healthcare facilities. This trend is further reinforced by the rising prevalence of chronic diseases in the U.S., which results in more frequent hospital visits and readmissions.
The growing number of surgical procedures performed in the U.S., including cesarean sections, appendectomies, coronary artery bypass grafts, carotid endarterectomies, and circumcisions, is also expected to contribute to the increased demand for disposable medical gloves.
Application Segmentation Insights
The examination disposable medical gloves application segment dominated the market in 2023. This growth was primarily fueled by the surging demand for these products within the medical sector. Hospitals, dental clinics, and healthcare facilities witnessed an uptick in patient visits and regular checkups, consequently driving the need for examination gloves.
The surgical segment is poised for substantial growth over the forecast period. The escalating prevalence of chronic diseases, including heart disease and cancer, has led to a surge in medical procedures and surgeries. As a result, the demand for surgical gloves is expected to increase significantly.
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