The Disposable Medical Gloves Market report helps to understand the most dominating growth drivers as well as the obstacles occurring in the market. Combined with this, it enlightens the readers about several aspects of the global market namely current trends, regional analysis, segments, market figure, challenges, and significant market players.
The globaldisposable medical glovesmarket value is projected to touch USD 10.9 billion by 2026, registering a modest CAGR of 9.1%. One of the major drivers for this growth is the heightened risk of chronic diseases across the world. According to the Global Burden of Disease Study 2017 conducted by the World Health Organization (WHO) and Institute of Health Metrics Evaluation (IHME), chronic (non-communicable) diseases caused 80% of the disabilities in 2017. The WHO further predicts that chronic diseases will be responsible for 60% of the global burden of disease by 2020. Most of these diseases, such as COPD and diabetes, are a result of faulty lifestyle habits, namely, lack of exercise, unhealthy diets, and smoking. The global disposable medical gloves market stands to gain from these developments in the coming decade.
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Key Players Operating in The Disposable Medical Gloves Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Increasing Innovation to Propel Market Competition
The global disposable medical gloves market is set to experience intense competition as players increase their investment in innovation to gain an edge in the market. For example, Mun Global launched GloveOn Alexa, the company’s first-ever gauntlet cuff glove, in 2017. Moreover, some companies are merging with each other, such as the merger between Adenna and NuTrend in March 2019, to diversify their product offerings.
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