Latex Medical Gloves Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Examination Gloves, Surgical Gloves), By Form (Powdered Form Gloves, Powder-Free Form Gloves), By End User (Hospitals, Clinics, Ambulatory Surgery Centers, Diagnostic Imaging Centers and Rehabilitation Centers) and Region  

Latex Medical Gloves Market size was valued at US$ 9,846,8 million in 2023 and is poised to grow at a significant CAGR of 9.4% from 2024-2030. Latex gloves are single-use items designed for medical exams and surgical operations. The advantage is that it decreases cross-contamination between health professionals and patients. The Examination Gloves segment is anticipated to grow at a significant CAGR over the forecast years owing to increased awareness in healthcare providers and patients regarding health and safety measures and inhibiting infections through clinical or physical examinations drive the market. Moreover, rise in number of surgeries and conditions is expected to boost the growth of this market.

However, a slight increase in latex-related allergies impedes market growth. Moreover, market players are launching new products and acquisitions to maintain the growth in the market, for instance. In January 2020, Medline acquired Médi-Sélect in Canada, a distributor of medical and dental supplies. This acquisition will help Médi-Sélect to acquire new customers in the country, thereby, enhancing revenue growth. Increasing incidences of acute and chronic diseases; growing concerns about safety and sanitation; strict regulations regarding the use of personal protective equipment (PPE); and an increase in the number of hospitals in developing countries are some of the major factors driving the global medical gloves market's growth.

Latex Medical Gloves Market Key Developments:

In April 2022, Kyrgyzstan began manufacturing surgical latex gloves in conjunction with the Agency for Development of Pharmaceutical Industry under the Ministry of Health of Uzbekistan and Ayu Pharm LLC.