The growing pandemic of community infections owing to the emergence of new pathogens is expected to increase the demand for nitrile gloves across the world. The need to quell community and hospital-acquired infections is expected to drive the growth of the global nitrile gloves market.
Key product manufacturers operating in the market offer a wide range of products, such as disposable and reusable nitrile gloves. Owing to the non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogens and development of effective treatment and vaccines, there has been increasing need for nitrile gloves as a preventive measure.
Persistence Market Research predicts that the global nitrile gloves market will exhibit an impressive CAGR of 24% during the forecast period (2020–2030), to be valued at US$ 26.7 Bn by 2030-end.
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Key Takeaways from Nitrile Gloves Market Study
“Disruptive unmet demand for medical gloves with 10X rise of average selling price, and WHO pushing for effective COVID-19 prevention, are expected to propel the growth of the global nitrile gloves market,” says a PMR analyst.
Accelerated Expansion & Acquisition by Leading Industry Players to Meet Unmet Demand in Nitrile Gloves Market
Leading manufacturers in the global nitrile gloves market are extensively focusing on the expansion of their manufacturing capabilities due to current disruptive demand. Governments are actively encouraging local manufacturers to prioritize emergency demand, specifically for public hospitals and healthcare setups.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the nitrile gloves market, in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030, on the basis of product type (powder-free gloves and powdered gloves), usage (disposable gloves and reusable gloves), sterility (sterile gloves and non-sterile gloves), and end user (hospitals, ambulatory surgical centres, clinics, diagnostic centres, and others) across seven key regions.
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