The Nitrile Gloves Market is expected to witness a CAGR of around 11% during the forecast period. Nitrile gloves are synthetic rubber gloves that are also known as Nitrile Butadiene Rubber (NBR). These gloves are mainly used by professionals in both medical and non-medical sectors to prevent healthcare complications caused by hazardous chemicals and infections. Additionally, these gloves are also used in different sectors such as Industrial R&D, Chemical & Petrochemical, and Veterinary. Moreover, in the healthcare sector, nitrile gloves are worn by surgeons who usually work with scalpels, surgical tools & instrumentations. For instance, according to the National Center for Biotechnology Information (NCBI), globally, around 310 million major surgeries are performed each year.
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According to UnivDatos Market Insights (UMI)’ research report “Nitrile Gloves Market”, is expected to witness a CAGR growth of around 11% during the forecast period 2021-2027. This can be mainly attributed to an increase in government funding coupled with the rising number of research and development projects by the key stakeholder to launch new and advanced products.
Based on type, the nitrile gloves market is segmented into powdered and non-powdered. The non-powdered category is anticipated to witness a significant growth rate during the forecast period. non-powdered gloves undergo a process known as chlorination that helps make latex gloves less form-fitting so that powder is not needed for easy donning and removal. Moreover, this category is further dominated the market mainly due to the Food and Drug Administration (FDA), in January 2017 imposed restrictions on the use of powdered gloves due to serious risks to patients such as post-surgical adhesions, airway & wound inflammations, and allergic reactions.
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Based on material, the nitrile gloves market is segmented into disposable and durable. The disposable category is supposed to witness a significant growth rate during the forecast. Disposable nitrile gloves help in reducing the spread of infections and prevent contamination at medical facilities. Moreover, it is used by veterinary doctors for diagnosis, medical treatment, and care of animals. These factors are contributing to the growth of this market during the forecast period. For instance, according to the American Veterinary Medical Association (AVMA), a total of 113,394 veterinary practitioners were present in the U.S. as of 2018 compared to 110,531 in 2017. An increase in the number of veterinary hospitals and clinics is further driving the market growth.
Based on end-user, the nitrile gloves market is categorized into medical & healthcare, automotive, food & beverage, chemical & petrochemical, and others. The medical & healthcare category captured a considerable market share and is anticipated to witness a significant growth rate during the forecast period. This is mainly due to its high use in all types of surgeries, trauma cases, and treatment of every infectious disease that is performed in hospitals by healthcare professionals. These factors are further propelling the market growth during the forecast period. For instance, in 2022, data published by the American Hospital Association (AHA), the total number of hospitals is 6,093 in the United States
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North America to witness extensive growth
For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. The rising growth of this market in the region is mainly due to the presence of a large number of patients, the availability of a high number of hospitals & healthcare clinics, and well-settled healthcare infrastructures in the region. Moreover, the availability of major key players and manufacturers progressively increases its capacity to meet the growing global demand for gloves.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the nitrile gloves market are Ansell, Semperit AG Holding, Medline Industries Inc., B. Braun Melsungen AG, MRK Healthcare Pvt. Ltd., Hartalega Holdings Berhad, RFB Latex Limited, Asma Rubber Products Pvt. Ltd., Kanam Latex Industries Pvt. Ltd., Top Glove Corporation Bhd. along with partnerships have been undertaken by these players to boost their presence in different regions.
“Nitrile Gloves Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Type (Powdered and Non-Powdered)
2. By Product (Disposable and Durable)
3. By End-Use (Medical & Healthcare, Automotive, Food & Beverage, Chemical & Petrochemical, and Others)
4. By Company (Ansell, Semperit AG Holding, Medline Industries Inc., B. Braun Melsungen AG, MRK Healthcare Pvt. Ltd., Hartalega Holdings Berhad, RFB Latex Limited, Asma Rubber Products Pvt. Ltd., Kanam Latex Industries Pvt. Ltd., Top Glove Corporation Bhd.)
Key questions answered in the study:
1. What are the current and future trends of the nitrile gloves market industry?
2. How the industry has been evolving in terms of purity and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the nitrile gloves market industry?
5. What is the customer orientation, purchase behavior, and expectations from the nitrile gloves market suppliers across various region and countries?