Global nitrile glove market forecast with a CAGR of 23 percent through 2026

Pune, India – The global nitrile gloves market is currently valued at around US$ 41 billion and is anticipated to expand at a stupendous CAGR of 23% through 2026, reveals Fact.MR analyst, a market research and competitive intelligence provider.
Around the world, the number of surgical procedures keeps going up. The use of allergy-free and sterile nitrile gloves in surgical procedures for different health issues is anticipated to increase. Leading manufacturers of nitrile gloves are concentrating on clinical research and cutting-edge new product launches to facilitate successful surgeries for trauma and other conditions.
The need for surgical gloves has increased dramatically over the past ten years as a result of periodic disease outbreaks such as Ebola, Zika, and the current debilitating COVID-19 pandemic. Medical nitrile gloves are crucial to the healthcare system because they safeguard both patients and caregivers. Some of the main growth factors for the market include rising need for surgeries, improved healthcare systems, and the growing need for sterile nitrile gloves.
Since nitrile gloves are a generic medical product, the market for them is extremely cutthroat. The combination of simple manufacturing processes, low entry barriers, and cheap access to raw materials is predicted to fuel fierce competition. To achieve large sales volumes and profits, businesses are anticipated to compete mainly on pricing.

Key Takeaways from Market Study
Nitrile disposable gloves should only be used once and thrown away. Disposable nitrile gloves have a number of benefits, including cost-effectiveness and safety assurance. Over the coming years, these factors are anticipated to fuel product demand.
Healthcare institutions now use powder-free nitrile gloves instead of latex ones because powder-free gloves are less form-fitting after being coated with acrylic, silicone, hydrogels or chlorinated. Since powder-free gloves don’t leave any residue, they can be used in the automobile sector as well.
Worldwide sales of nitrile gloves are expected to increase rapidly at a CAGR of 23% from 2022 to 2026.
The U.S. market for nitrile gloves is valued at around US$ 13 billion in 2022.
The global market for nitrile gloves is predicted to bloat to US$ 94 billion by the end of 2026.
“One of the main reasons nitrile gloves have become more popular in the medical and healthcare fields is the COVID-19 outbreak. Furthermore, demand is also increasing rapidly from food service, retail, workplace, school, and outdoor industries,” says Fact.MR analyst.
Winning Strategy
Leading companies are focused on two key strategies to expand their product portfolios in the nitrile glove market: product development and new material use. It is expected that the use of special techniques to acquire raw latex devoid of allergies and the introduction of an anti-microbial substance in nitrile gloves will provide value-added gains in clinical uses.