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Middle East Disposable Gloves Industry Market Dynamics & Strategic Insights (2023 – 2031)
The Disposable Gloves market is expected to grow strongly in the forecasted years, as Rising demand from the medical and healthcare, pharmaceutical industry considering the current Covid-19 situation and the growing necessary for the human protection. Along with that automotive finishing, chemical, and oil and gas industries has been a major factor driving market growth. The Middle East healthcare industry in all the major developing regions is also expected to rise, Further, the growing investments in both public and private sectors coupled with a growing population will fuel the demand in the region. The spending on the healthcare industry is increasing in recent years which also is expected to boost the growth of the disposable gloves industry, which is anticipated to spur the product demand.
The Disposable Gloves Market is expected to grow at a CAGR of 7.51% during the forecasted period of 2020-2028. The market growth is also driven by the growing Oil & Industrial growth where the demand for the disposable gloves is growing strongly. The availability of the key brands through offline & online sales channel is also pushing the market growth. This has led to an increase in demand for Disposable Gloves both at institutional & at an individual level. The paradigm shift in recent years towards healthcare and need for the gloves in hospitals in Covid-19 situation will influence and stay relevant in the changing trends in coming years drives the demand for Disposable Gloves solutions.
The Disposable Gloves Market is witnessing a substantial growth across vendors and varied end-user industries especially in both the developed & developing nations. The Disposable Gloves Market is expected to reach USD 759.22 Million by 2028 from USD 398.02 Million in 2019, at a CAGR of 7.51 % from 2020 to 2028.
The market is analyzed across following key countries Qatar, Oman, Kuwait, Iran, Iraq and Rest of Middle East. Saudi Arabia and UAE account for major shares of the Middle East market. The increasing patient population, along with a surge in their spending on healthcare and safety products, is fueling the demand for the market. As a result, manufacturers of this industry are targeting institutions by expanding the product lines and enhancing online retail platforms.
Qatar is the one of the fastest growing market in the region. Due to increased health awareness, increasing numbers of hospitals, growing disposable income and growing usage in various end user industry has resulted in the exponential demand in last few years. With a stringent regulation in the region by various Governments is hindering Disposable Gloves Market in some extent.
The Disposable Gloves Market is segmented on the basis of Product Types, By Distribution Channel, Material Types, Application & End User Type and by Region. The Application types in this Market are, Medical & Non-Medical. In which Medical end user type holds the ~70% of market share in 2019. And is expected to be growing at a CAGR of 7.84% in the forecasted period.
The Disposable Gloves Market by Material Type is segmented into Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene. Amongst all the Material Type, Natural Rubber Type is estimated to grow at a CAGR of 7.24% in the forecasted period and it holds the highest market share.
Key companies profiled in the report are Top Glove Corporation Bhd, Supermax corporation Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd, Hartalega holdings Berhad, Dynarex Corporation, Cardinal Health, Inc, B. Braun Melsungen AG, Ansell Limited, Globus (shetland) ltd, Ammex Corporation. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Disposable Gloves providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
The Disposable Gloves Market is expected to grow at a CAGR of 7.51% during the forecasted period of 2020-2028. The market growth is also driven by the growing Oil & Industrial growth where the demand for the disposable gloves is growing strongly. The availability of the key brands through offline & online sales channel is also pushing the market growth. This has led to an increase in demand for Disposable Gloves both at institutional & at an individual level. The paradigm shift in recent years towards healthcare and need for the gloves in hospitals in Covid-19 situation will influence and stay relevant in the changing trends in coming years drives the demand for Disposable Gloves solutions.
The Disposable Gloves Market is witnessing a substantial growth across vendors and varied end-user industries especially in both the developed & developing nations. The Disposable Gloves Market is expected to reach USD 759.22 Million by 2028 from USD 398.02 Million in 2019, at a CAGR of 7.51 % from 2020 to 2028.
The market is analyzed across following key countries Qatar, Oman, Kuwait, Iran, Iraq and Rest of Middle East. Saudi Arabia and UAE account for major shares of the Middle East market. The increasing patient population, along with a surge in their spending on healthcare and safety products, is fueling the demand for the market. As a result, manufacturers of this industry are targeting institutions by expanding the product lines and enhancing online retail platforms.
Qatar is the one of the fastest growing market in the region. Due to increased health awareness, increasing numbers of hospitals, growing disposable income and growing usage in various end user industry has resulted in the exponential demand in last few years. With a stringent regulation in the region by various Governments is hindering Disposable Gloves Market in some extent.
The Disposable Gloves Market is segmented on the basis of Product Types, By Distribution Channel, Material Types, Application & End User Type and by Region. The Application types in this Market are, Medical & Non-Medical. In which Medical end user type holds the ~70% of market share in 2019. And is expected to be growing at a CAGR of 7.84% in the forecasted period.
The Disposable Gloves Market by Material Type is segmented into Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene. Amongst all the Material Type, Natural Rubber Type is estimated to grow at a CAGR of 7.24% in the forecasted period and it holds the highest market share.
Key companies profiled in the report are Top Glove Corporation Bhd, Supermax corporation Berhad, Semperit AG Holding, Rubberex Corp. M Bhd, Kossan Rubber Industries Bhd, Hartalega holdings Berhad, Dynarex Corporation, Cardinal Health, Inc, B. Braun Melsungen AG, Ansell Limited, Globus (shetland) ltd, Ammex Corporation. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Disposable Gloves providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
Scope:
| Report Data | Market |
| Forecast 2022 | million/billion (2022-2032) |
| CAGR - | % |
| Analysis Period | - |
| Base Year | |
| Forecast Data | - |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
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The is to grow at a CAGR of 5.3% during the forecast by 2032.
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On the basis of type, the is segmented into Types.
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