August 17, 2022 16:10 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, Aug. 17, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, medical gloves market to grow at a CAGR of 9.7% during 2022-2027. Disposable gloves are an essential item in any medical or healthcare setting. Materials used for preparing these gloves majorly include nitrile, latex, vinyl, neoprene, and others. Latex gloves have been used in several industries that require gloves and personal protective equipment. However, since the introduction of nitrile gloves, there has been a shift from latex to nitrile in several fields especially in the healthcare industry.
The growing importance of safety and hygiene in healthcare centers are increasing the usage of medical gloves. Over the several years, many studies have demonstrated the effectiveness of medical gloves in allowing HCPs to provide care for patients with infectious diseases while protecting their own health. The use of medical gloves can also stop the spread of dangerous pathogens within the healthcare setting, thereby enhancing the safety of everyone in the healthcare setting.
Medical Gloves Market Report Scope
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Concept of Automated Medical Glove Manufacturing Boosting the Market Growth
In recent years, automation technology has taken great strides in the manufacturing of medical gloves. It has also helped to bring down the cost. With the demand for medical gloves increasing during the COVID-19 pandemic, manufacturers had to meet requirements, thereby increasing production capacities. Hence, the adoption of automation technology in manufacturing of medical gloves by several companies increased significantly.
Automation technology in the manufacturing of medical gloves has been highly advantageous for leading companies, especially those that require a large volume of production capacities. Manufacturers are witnessing major benefits associated with automation manufacturing and most of them are likely to adopt the technology in coming years. Major advances are also expected to occur in other parts of the medical gloves production process by fully automatic methods and meet underlying demands.
Over the last few years, several companies that primarily deriving revenue from medical glove products is growing significantly. Multiple product launches, strategic acquisitions & partnerships, capacity expansion, and differentiated products have fueled their growth in recent years. For instance, the key player, Supermax, currently has a production capacity of about 24 billion pieces of gloves per annum, and it is looking forward to its expanding production capacity to about 44 billion pieces by the end of FY2024. In 2018, Kossan Rubber Industries completed the construction of the latest generation plant with an installed capacity of 1.5 billion pieces of gloves per annum. Moreover, most leading players focus on implementing several strategies such as establishing strategic collaborations, increasing R&D investment, launching new products, strengthening distribution networks, and enhancing market shares and presence in the medical gloves market.
Explore our healthcare lifesciences profile to know more about the industry.
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