Global Surgical Gloves Market is projected to cross revenue of US$ 4.4 Billion, exhibiting a CAGR of 4.5% over forecast period ending 2033 | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

By distribution channel, hospitals and pharmacies held a share of around 54.6% in 2022 owed to large distribution of surgical gloves in hospital facilities. South Asia held a value share of around 28.5% in 2022, owing to the highest number of surgical procedures conducted in the region.

NEWARK, Del, April 27, 2023 (GLOBE NEWSWIRE) -- As per Future Market Insights’ latest industry analysis, the valuation for the global surgical gloves market was around US$ 2.7 Billion in 2022 and is projected to exhibit a CAGR of 4.5% over the forecast period, with an estimated valuation of US$ 4.4 Billion in 2033.

According to National Library of Medicine, the estimated volume of surgeries was 234 Million which has increased along with the increasing population globally.

Gloves are protective equipment used in the medical industry. Unfortunately, many hospitals in emerging and underdeveloped nations ignore them. The market offers a variety of cutting-edge goods that ensure the safety of patients and medical professionals before, after, and during the course of operation.

Businesses are also focusing their efforts on creating products that adhere to the specific safety requirements of the regional markets. Global manufacturers can take advantage of numerous chances to penetrate underserved markets and increase their market share there by using the right strategy, development, and innovation.

The need for safety and cleanliness has grown as a result of the increased danger of infectious diseases during surgery and childbirth as well as hospital-acquired infections. Opportunities in the surgical gloves market will arise in the near future due to numerous hygiene awareness campaigns being run in various regions to encourage the use of gloves and enhance personal cleanliness.

Drivers and Challenges have an Impact on Market Dynamics, which can Impact Businesses. Find more details in our Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11273

Key Takeaways:

  • Synthetic gloves segment is the leading segment as a product, and holds a 64.8% market value share in 2022, owing to levels of comfort during surgery.

  • Latex gloves segment is set to lead in terms of material of surgical gloves with a market value share of around 32.2 in 2022, owing to the excellent tactile sensitivity.

  • By usability, disposable gloves are preferred more compared to reusable ones in order to avoid the risk of spreading infections. The segment held 85.4% of the global value share in 2022.

  • The huge demand for surgical gloves during surgical procedures and a growing number of surgical procedures worldwide led the surgical intervention – application to lead with a 42.8% value share in 2022.

  • By distribution channel, hospitals, and pharmacies held a share of around 54.6% in 2022 owing to the large distribution of surgical gloves in hospital facilities.

  • South Asia held a value share of around 28.5% in 2022, owing to the highest number of surgical procedures conducted in the region.