PORTLAND, Oregon, October 22, 2014 /PRNewswire/ --
A new report by Allied Market Research titled, "Global Disposable Gloves Market (Product type, Form, End user, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020", considers commercial aspects of the global disposable gloves market. Based on key trends tracked, it is anticipated that the market is likely to be valued at $7.9 billion by 2020, registering a CAGR of 6.2% from 2014 to 2020. Significant growth rate of few of the sub-segment markets such as nitrile gloves, non-medical, and non-powdered gloves would propel the overall disposable gloves market. Geographically, the Asia-Pacific regional market is expected to contribute to the growth of the global disposable gloves market.
To view the report, visit the website at http://www.alliedmarketresearch.com/disposable-gloves-market
Increasing incidence of pandemics is the prime driver of the global disposable gloves market. For instance, 'Swine Flu' outbreak in 2009, boosted the global disposable gloves market in volume (billion gloves) to 2 billion. Non-powdered gloves are witnessing high adoption rates in the market; therefore, are expected to grow at a significant CAGR of 12.6% during the analysis period. High tactile sensitivity, enhanced rip and tear resistance, easy availability and low cost are the merits of the non-powdered disposable gloves. Additionally, such gloves are chemical-resistant and resistant to punctures and allergies arising from biological contamination. Disposable gloves product type market analysis revels that vinyl gloves are developed specifically to replace the first-generation/conventional latex gloves. As compared to the latex gloves, vinyl gloves offer enhanced dexterity and resistance to chemicals. The disposable vinyl gloves market occupied the second largest share ~28% in terms of value in 2013.
Governed by Hazard Analysis and Critical Control Points (HACCP) regulations, non-medical polyethylene gloves are approved by the U.S. FDA for food contact, and are widely used in school cafeterias, dining halls and other food service applications. The non-medical gloves are powder free, non-allergic and economical. Considering the high growth rate of the overall food services industry, it is estimated that a consequent high growth rate is likely for non-medical gloves (2014 - 2020). Geographically, within the global market, North America and Europe garner major market share (in terms of value). Key trends such as medical tourism, consequent stringent regulations regarding control of cross-contamination in hospitals, coupled with enhanced distribution and supply within the Asia-Pacific region are expected to drive the growth at a CAGR of 8.6% within the Asia-Pacific region (2014 - 2020).
View reports related to medical devices at http://www.alliedmarketresearch.com/medical-devices-market-report
Key findings of the study:
• Polyethylene disposable gloves segment market will grow at a CAGR of 10.2% during the forecast period, fastest among all disposable gloves types
• Within disposable gloves market by various forms, powder-free gloves market would be most lucrative during forecast period
• Within disposable gloves market by end user, non-medical gloves, is the fastest growing disposable gloves segment; whereas, medical gloves would remain segment with largest market share i.e., in volume (billion gloves) and value (59.6% share) in 2020
• Within disposable gloves market by application, in context of medical gloves, surgical gloves constitute second largest segment in volume (billion gloves) by 2020. Another type of medical gloves i.e. examination gloves, would garner about 57.0% market share by 2020
• Clean room application would outrun other non-medical gloves' application market share by 2020
• Asia-Pacific would be one of the lucrative markets, both in terms of size and growth. Asia-Pacific would reach $1.7 billion by 2020, with highest CAGR of 8.6% (as compared to other regional markets)
As elaborated earlier, many companies aim to manufacture variants of disposable gloves. Companies profiled in this report are Ansell Healthcare, Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber industries ltd, Rubberex, Top Glove Corporation Berhad, Adventa Berhad, Cardinal Health, Inc., and Dynarex Corporation.
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SOURCE Allied Market Research