Hand Protection Equipment Industry | Forecast 2030
Hand Protection Equipment Industry Data Book – Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market
The economic value generated by the hand protection equipment market was estimated at approximately USD 23.8 billion in 2022. The rising demand is attributed to the increasing concerns about hand hygiene and the product’s efficiency in limiting the spread of COVID-19 in various end-use industries.
Access the Global Hand Protection Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Hand Protection Equipment Industry Data Book Coverage Snapshot
- Hand Protection Equipment Industry USD 23.8 billion in 2022
- Disposable Gloves Market Size USD 10.29 billion in 2022 5.8% CAGR (2023-2030)
- Disposable Medical Gloves Market Size USD 7.65 billion in 2022 5.3% CAGR (2023-2030)
- Nitrile Gloves Market Size USD 6.56 billion in 2022 5.7% CAGR (2023-2030)
- Rubber Gloves Market Size USD 13.4 billion in 2022 3.9% CAGR (2023-2030)
- Nonwoven Disposable Gloves Market Size USD 0.71 billion in 2018 4.7% CAGR (2018-2025)
- Chemo Graded nitrile Powder-free Medical Examination Gloves Market Size USD 0.24 billion in 2020 8.0% CAGR (2019-2028)
Disposable Gloves Market Growth & Trends
The global disposable gloves market size is expected to reach USD 16,772.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2023 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves. The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.
The rising awareness regarding employee health and safety, along with the increasing industrial fatalities in the emerging economies, is projected to boost the market growth over the forecast period. Technological advancement, coupled with the growing consumer need for disposable gloves in medical operations, is anticipated to complement the market growth. Distributors play a vital role in the market as the product manufacturers are dependent on the distributors to get their products to consumers. Globalization and consolidation of gloves manufacturers are anticipated to have a significant impact on the distributors, which is projected to compel them to broaden their horizons and look beyond the traditional boundaries.
Order your copy of the Free Sample of “Hand Protection Equipment Industry Data Book – Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research
Disposable Medical Gloves Market Growth & Trends
The global disposable medical gloves market size is anticipated to reach USD 12.44 billion by 2030, registering a CAGR of 3.0% over the forecast period, according to a new report by Grand View Research, Inc. The global market is primarily driven by the increasing prevalence of infectious diseases and viral outbreaks coupled with increasing rising expenditure. Factors, such as growing investments in both public & private sectors, an increasing geriatric population, and a high influx of migrants coupled with the increasing healthcare expenditure are expected to boost the healthcare industry growth, which, in turn, will boost the product demand. The adoption of novel practices in the healthcare & medical settings and the development of better medical care products & technologies are projected to drive the demand for healthcare services and the need for modern medical infrastructure.
Nitrile Gloves Market Growth & Trends
The global nitrile gloves market size is anticipated to reach USD 10.19 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% from 2023 to 2030. The industry is primarily driven by rising healthcare expenditures, the growing importance of safety at workplaces, and a significant surge in protective equipment demand during the COVID-19 pandemic.
Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive market growth. The importance of worker safety has significantly increased owing to the increasing employment in industries across Asia Pacific. The rapid spread of the COVID-19 pandemic is anticipated to increase the demand for nitrile gloves among frontline healthcare workers for testing and examination purposes.