The Nitrile Gloves Market is being driven by Rising concerns about hygiene and safety regarding healthcare-associated infections
The Nitrile Gloves Market is expected to grow at a CAGR of 6.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3535.1 million. In the business arena of personal protective equipment (PPE), the demand for powder-free nitrile gloves is surging amongst various industries, including healthcare, food processing, and automotive. The primary reason for this shift is the potential health risks associated with powdered gloves, such as exposure to starch powder, which can lead to granulomas, pleuritis, myocarditis, and skin irritation. Compliance with hand hygiene regulations becomes more challenging when using powdered gloves, as healthcare workers are mandated to wash their hands post usage instead of utilizing alcohol-based hand rubs (ABHR). The time-consuming handwashing process and the potential complications arising from powdered gloves have prompted manufacturers to innovate and produce powder-free nitrile gloves, thereby addressing the market's evolving needs.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.8% |
Market growth 2024-2028 |
USD 3535.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
6.2 |
Key countries |
US, UK, China, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Nitrile Gloves Market is driven by increasing healthcare spending and public funding, with a focus on Personal Protective Equipment (PPE) in response to the geriatric population's growing needs. Product innovation, such as powder-free gloves, addresses allergic reactions and contamination risks. Durable nitrile gloves prevent cross-contamination and pathogen transmission in surgical and examination settings. The oil & gas, metal & machinery, and cleanroom industries also rely on nitrile gloves for chemical resistance against solvents. Allergic reactions prevention and hygiene standards are key considerations in the market.
The Nitrile Gloves Market is a significant segment of the global healthcare equipment market, which encompasses manufacturers and R&D activities related to various product categories, such as capital equipment, instruments, implants, accessories, and consumables. According to Technavio, the healthcare equipment market size is determined by the combined revenue generated by these manufacturers. In the context of the Nitrile Gloves Market, key drivers include increasing healthcare spending, public funding, and the growing geriatric population. Product innovation, particularly in the development of powder-free gloves, is also a significant trend, as is the need to address allergic reactions to traditional gloves.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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