Disposable Nitrile Gloves Market: Current Analysis and Forecast (2022-2028)
Emphasis on Product (Powdered, Non-Powdered), End-Users (hospitals, clinics, research institutes and Pharmaceuticals) and Region/Country.
The Disposable Nitrile Gloves Market was valued at USD 1.6 Bn and is expected to grow with a CAGR of 4.5% during the forecast period (2022-2028).In September 2021, American Nitrile launches U.S.-based nitrile gloves manufacturing business in Columbus products, to develop the most advanced U.S. manufacturing facility dedicated to producing nitrile gloves for healthcare, government and industrial use. This is fueling the market for disposable nitrile gloves is anticipated to grow with a significant CAGR in the forecast period.
Some of the major players operating in the market include ANSELL LTD., Top Glove Corporation Bhd, Hartalega Holdings Berhad, Unigloves (UK) Limited. Kossan Rubber Industries Bhd, Superior Glove. MCR Safety, Supermax Corporation Berhad., Ammex Corporation, Cardinal Health.
Insights Presented in the Report
“Amongst products, the powder segment is growing with significant CAGR in 2021 market”
Based on the product, the market is bifurcated into powder-free and powder gloves. Amongst these, the powder segment is anticipated to grow with a significant CAGR. The powder is applied between the gloves to prevent the gloves from wear and tear. Additionally, the powder also serves as a protective barrier between skin and gloves thus preventing the skin irritation that is caused due to gloves material. Additionally, these gloves are less expensive than latex gloves and thus are the preferred choice. Thus, owing to the above-mentioned factors the demand for this segment is anticipated to fuel the growth of this segment.
“Amongst end-users, the pharmaceutical segment is growing with a significant CAGR in the market in 2021”
Based on the end-users the market is segmented into hospitals, clinics, research institutes, and the pharmaceutical sector. Amongst these, the pharmaceutical sector segment is anticipated to grow with a significant CAGR. While carrying out any operations pharmaceutical workers are exposed to various hazardous chemicals, biological agents and many more. Further, carrying out these hazardous operations the gloves are worn as they act as a barrier and help in preventing harmful exposures to the hazardous agents. Thus, these factors are anticipated to fuel the market growth for disposable nitrile gloves in the near future.
Disposable Nitrile Gloves Market Report Coverage
“North America is anticipated to grow with significant CAGR of the disposable nitrile gloves market in 2021”
North America is anticipated to grow with a significant CAGR. This is attributed to the rise in healthcare expenditure. For instance, the national health expenditure in the United States grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of the Gross Domestic Product (GDP). Additionally, the presence of key market players and the rise in the geriatric population in this region are also major contributing factors for the growth of this region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global disposable nitrile gloves market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Disposable nitrile gloves Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global disposable nitrile gloves market were the three major steps undertaken to create and analyze the adoption of disposable nitrile gloves in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global disposable nitrile gloves market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the disposable nitrile gloves market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the disposable nitrile gloves market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the disposable nitrile gloves market. Further, we conducted factor analysis using dependent and independent variables such as type, and end-users of the disposable nitrile gloves market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the disposable nitrile gloves market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global disposable nitrile gloves market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Disposable nitrile gloves market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global disposable nitrile gloves market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global disposable nitrile gloves market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of disorder type, and service type in the global disposable nitrile gloves market.
The main objective of the Global Disposable nitrile gloves market Study
The current & future market trends of the global disposable nitrile gloves market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the disposable nitrile gloves market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the type and end-users
- Define and analysis of the regulatory framework for the disposable nitrile gloves industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the disposable nitrile gloves market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the disposable nitrile gloves market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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