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Medical glove market forecast with a CAGR of 15 percent through 2025

  5/22/2020 - Chicago, IL - The medical gloves market size is expected to grow at a CAGR of over 15 percent during the period 2019–2025, according to Arizton.com. In-depth analysis and data-driven insights on the impact of COVID-19 are included in this global medical gloves market report. The global medical gloves market is growing at a healthy rate. The growth can be attributed to the growing demand for safety and hygiene standards to prevent the risk of contamination and infections in healthcare settings during medical and treatment measures. The growth in surgical procedures for several diseases and potential risk reduction for surgical site infection (SSI) is likely to fuel the market growth. The nitrile segment is expected to witness an incremental growth of over $6 billion by 2025. This is due to the growing number of latex allergies among patients and HCPs, which trigger an ongoing shift from latex to nitrile gloves. The examination segment is likely to grow at the highest CAGR during the forecast period on account of the high application of examination gloves to prevent contamination from chemical, biohazards and other potentially dangerous substances. The revenue share of the non-powdered gloves segment is projected to reach over $15 billion by 2025 on account of restrictions imposed on the application of the powdered ones. The medical gloves market size in India is expected to grow at CAGR of over 19 percent during the period 2019­–2025. The growth is due to the high prevalence of coronary artery diseases and cardiac diseases, which require surgical interventions. Health care professionals will continue to demand the latest medical gloves to treat acute and chronic diseases, which will promote safe and effective treatment outcomes. The emergence of new pandemic challenges such as COVID-19 will drive the future growth of the market. A strong preference for non-powdered medical gloves is also likely to drive future market growth. The North American market is expected to grow at a CAGR of over 15 percent during the period 2019­–2025. The region is characterized by high penetration of advanced treatment solutions for chronic and acute diseases, and advancements in material such as latex-free non-allergic gloves. Favorable government financial support for several surgical procedures results in the higher uptake of surgeries as well as surgical gloves. North America offers tremendous growth opportunities; therefore, the market is expected to continue to grow during the upcoming period. The U.S. is the major revenue contributor to the global market. The country holds the highest value due to better healthcare facilities and medical coverage and spending. The U.S. medical gloves market is growing at a significant rate and is likely to grow during the forecast period. The global medical gloves market share is very fragmented and is highly competitive, and characterized by the presence of many global, regional and local vendors. The vendors are offering a diverse range of medical gloves for both examination and surgical applications. Large and diversified companies account for major shares. Also, most key players such as Top Glove, Ansell, Kossan Rubber Industries, Hartalega Holdings and Supermax have demonstrated consistent growth over the last few years.

Friday, January 22, 2021

Guill Tool & Engineering rolls out new website - click to expand

NovationSi and Zeon develop novel electrically conductive silicone compounds - click to expand

Hankook Tire selected as original equipment for Audi RS Q8 - click to expand

North America tire market forecast at $90 billion by 2025 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

Dunlop Motorcycle Tires announces price increase for U.S. and Canada - click to expand

Thursday, January 21, 2021

Bostik invests in joint venture with Cartell Chemical for development of engineering adhesives - click to expand

Bridgestone and NRGene announce sequence and assembly of guayule genome - click to expand

Freudenberg Medical expands U.S. molding operations - click to expand

Global silicone surfactants market forecast at $3.3 billion by 2026 - click to expand

Safic-Alcan further extends partnership with Arkema molecular sieves - click to expand

Cabot Corporation receives platinum rating for its sustainability efforts from EcoVadis - click to expand

Wednesday, January 20, 2021

GRI initiates phase 2 for the largest specialty tire plant in Sri Lanka - click to expand

Call for abstracts issued for 2021 International Elastomer Conference - click to expand

ExxonMobil introduces new Santoprene integrated thermoplastic vulcanizate - click to expand

Henkel expands collaboration with InterPRO for 3D application development - click to expand

Greenergy invests in advanced biofuels project - click to expand

German and International Rubber Conference 2021 postponed due to COVID-19 - click to expand

Tuesday, January 19, 2021

Wallace Instruments partners with ACE Products & Consulting LLC - click to expand

Lux Research names top five technologies disrupting the chemicals and materials industry - click to expand

Endurica named winner of the 2020 Tibbetts Award from the U.S. Small Business Administration - click to expand

Polyurethanes Technical Conference set to resume in Denver, CO, October 4 - click to expand

BKT renews its sponsorship for all competitions organized by Curling Canada - click to expand

Greenergy opts for Haldor Topsoe’s HydroFlex technology - click to expand

Monday, January 18, 2021

General Silicones announces solution for using hot-melt adhesives with silicone rubber - click to expand

Biesterfeld receives distribution rights for Denka acrylate rubbers - click to expand

Rubber Division, ACS, promotes rubber groups and technical organizations - click to expand

Apollo inaugurates specialized service center for tires in India - click to expand

TechnoBiz announces research webinar on Future Applications of Natural Rubber - click to expand

Harwick Standard announces retirement of Daniel Davis - click to expand

Market Reports

Rubber-internal mixer market will register a 0.3% CAGR through 2025 - click to expand

North America tire market forecast at $90 billion by 2025 - click to expand

Global silicone surfactants market forecast at $3.3 billion by 2026 - click to expand

Global Off the Road (OTR) Tire Market is expected to be around 4 percent through 2025 - click to expand

Global Automotive Tires Market to reach $575 billion by 2025 - click to expand

Global carbon black market is projected to expand at a CAGR of 4.4 percent through 2026 - click to expand

Global rubber gloves market size is expected to reach $22.1 billion by 2027 - click to expand

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