Report : South America Disposable Gloves Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Natural Rubber, Nitrile, Neoprene, Polyethylene, and Others) and Type (Powdered and Powder Free)
At 13.6% CAGR, the South America Disposable Gloves Market is speculated to be worth US$ 916.60 million by 2028. Also, based on volume the South America Disposable Gloves Market is estimated to reach 82,124 million units at a CAGR of 15.1% by 2028, says Business Market Insights
According to Business Market Insights’ research, the SAM disposable gloves market was valued at US$ 376.09 million in 2021 and is expected to reach US$ 916.60 million by 2028, registering an annual growth rate of 13.6% from 2021 to 2028. Production of gloves on domestic level and powder free gloves becoming popular are the critical factors attributed to the market expansion.
Some of the prominent countries contributing to the growth of disposable gloves market include Bolivia, Cuba, Uruguay, Panama, Costa Rica among others present in the region are also expanding in terms of the demand for disposable medical gloves. These countries are substantially rising spending on the health sector. For example, Cuba recorded the highest healthcare spending of more than 11.7 percent among Latin American nations in 2017. The growth of the healthcare sector in Latin America is expected to proliferate through these initiatives. With the growth of this industry, there will be a rise in the demand for disposable medical gloves, thus aiding the growth of the market. Thus, the above-mentioned disorder is likely to increase the demand of disposable gloves. Further, Brazil is expected to have the major market share in this region. Also, it is projected to grow with highest growth rate. Growing healthcare associated infections, rising chronic diseases and vast usage of disposable gloves in various industries are expected to witness rapid growth for the disposable gloves market.
On the contrary, continuous shortage of disposable gloves hurdles the growth of SAM disposable gloves market.
The SAM disposable gloves market, by material, is segmented into natural rubber, nitrile, neoprene, polyethylene, and others. The others segment held the largest share of the market with a share of 39.2% amassing US$ 147.57 million and is expected to retain its dominance during the forecast period, thus reaching upto 350.63 million by 2028 at 13.2% CAGR during 2021–2028.
Based on type, the SAM disposable gloves market is fragmented into powder and powder-free. With 84.7% share of the domain, the powder-free segment dominated the market in 2021. It accrued US$ 318.49 million in 2021 and is estimated to generate US$ 784.10 million by 2028 to grow at a CAGR of 13.7% over the forecast period.
Our regional analysis states that Rest of SAM captured 37.8% market share in 2021. It was assessed at US$ 142.13 million in 2021 and is likely to hit US$ 338.69 million by 2028, exhibiting a CAGR of 13.2% during the forecast period.
Key players dominating the SAM disposable gloves market are Ansell Limited, B. Braun Melsungen AG, Cardinal Health Inc, Hartalega Holdings Berhad, Kossan Rubber Industries Bhd, Mölnlycke, RUBBEREX, Sempermed, Supermax Corporation Berhad, and Top Glove Corporation Bhd among others.
- In June 2019, Top glove corporation launched BioGreen biodegradable nitrile powder free gloves for use in healthcare as well as non-Healthcare sector. These new biodegradable gloves has been proven to biodegrade 10 times faster than conventional nitrile examination gloves. Moreover, BioGreen gloves also minimize the risk of Type IV hypersensitivity reactions triggered by exposure of certain chemicals.
- In Oct 2020, Mölnlycke is celebrating World Handwashing Day with the global launch of the innovative Biogel PI UltraTouch S surgical disposable glove, which can addresses the problem of allergic contact dermatitis among surgical teams.