Nitrile Medical Gloves Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Nitrile Medical Gloves Market Highlights

The global nitrile medical gloves market is expected to cross a value of USD 7.6 billion by the end of 2032. The market was valued at USD 4.3 billion in 2023 and is expected to expand at a CAGR of 9.9% between 2024-2032.

• Over the mid-term, the growing prevalence of chronic diseases is the primary factor anticipated to drive the global nitrile medical gloves market.
• The availability of counterfeit products is a major factor to challenge the market growth.
• The North America nitrile medical gloves market is projected to dominate the global market.

Nitrile Medical Gloves Market Outlook

A disposable glove that is commonly used in healthcare settings to provide protection against contamination and transmission of infectious agents is known as nitrile medical gloves. These gloves are usually made of synthetic rubber material, such as nitrile butadiene rubber (NBR), and are latex-free.

According to our experts at KD Market Insights, one of the primary factors associated with the growth of the global nitrile medical gloves market is the growing prevalence of chronic diseases worldwide. The World Health Organization (WHO) reported that non-communicable diseases (NCDs) kill 41 million people each year, representing 74% of all deaths worldwide. The rising prevalence of chronic diseases globally requires frequent medical interventions and procedures. As a result, healthcare professionals are required to have adequate quantity of personal protective equipment, such as nitrile medical globes, which prevents cross-contamination and lowers the risk of infection during patient care. Ansell Healthcare, Top Glove Corporation Bhd, and Hartalega Holdings Berhad are some of the significant parties in the global market for nitrile medical gloves.

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Nitrile Medical Gloves Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global nitrile medical gloves market are:

• Expanding Healthcare Infrastructure Worldwide: The government of countries around the globe are increasingly focusing on developing their healthcare infrastructure, supported by an increasing healthcare expenditure. According to the statistics by the World Bank, the current health expenditure as a share of GDP touched 10.89% in the year 2020, up from 9.07% in the year 2008. With the availability of new hospitals, clinics, and other healthcare facilities, the demand for medical supplies, such as nitrile gloves, is also expected to increase, which is projected to drive the market growth during the forecast period.
• Surge in Awareness for Infection Control: Healthcare service providers and healthcare professionals have always been aware about the importance of using protective equipment to control spread of infection that may lie around in a healthcare setting. Although, post the COVID-19 pandemic, the awareness for infection control among individuals globally has multiplied, thereby raising the demand for hand gloves, including nitrile medical gloves. These gloves are known to provide superior barrier protection and resistance to punctures and chemicals, unlike the other latex gloves. Hence, these gloves are widely being preferred for infection prevention, which is expected to boost the market growth.

Which Probable Factors Could Hamper the Growing Nitrile Medical Gloves Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of nitrile medical gloves are:

• Fluctuating Supply of NBR: Nitrile butadiene rubber (NBR), which is the primary raw material used to manufacture nitrile gloves, often faces price volatility and supply chain disruptions, hampering the production capacity and profitability of the glove manufacturers. Such a factor is therefore expected to restrict the market growth during the forecast period.
• Availability of Counterfeit Products: The availability of counterfeit products that undermines customer’s confidence in nitrile gloves and also results in reputational damage for manufacturers.

How is the Global Nitrile Medical Gloves Market Segmented?

Our experts at KD Market Insights have segmented the global nitrile medical gloves market as:

What are the Probable Factors Influencing the North America Nitrile Medical Gloves Market Forecast?

The North America nitrile medical gloves market is majorly driven by growing occupational safety regulations in the region that focuses on mandating the use of personal protective equipment (PPE) in healthcare and other industries. Besides this, the ongoing emphasis of the healthcare regulatory bodies on infection prevention, followed by the growing focus of the glove manufacturers in the region in innovating the performance and functionality of nitrile gloves, are also expected to contribute to the market growth during the forecast period.

As per our analysts at KD Market Insights, the following five players lead the North America nitrile medical gloves market growth:

• Ansell Healthcare
• Cardinal Health, Inc.
• McKesson Corporation
• Ammex Corporation
• Aurelia Gloves North America

Which Key Players Top the Global Nitrile Medical Gloves Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global nitrile medical gloves market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with nitrile medical gloves market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global nitrile medical gloves market share:

• Ansell Healthcare
• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Kossan Rubber Industries Bhd
• Supermax Corporation Berhad
• Kimberly-Clark Corporation
• Cardinal Health, Inc.
• Semperit AG Holding
• B. Braun Melsungen AG
• Mölnlycke Health Care AB
• Smart Glove Corporation Sdn Bhd
• Dynarex Corporation

What are the Recent Developments Observed in the Nitrile Medical Gloves Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global nitrile medical gloves market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Ansell Healthcare stated that it would expand its production capacity for nitrile gloves in North America.

Further, Cardinal Health, Inc. stated that it has unveiled its latest line of nitrile medical gloves designed to offer enhanced protection and comfort for healthcare workers.