LATAM & Caribbean Disposable Surgical Gloves Market

The LATAM & Caribbean Disposable Surgical Gloves market size is expected to grow from US$ 190.08 million in 2022 to US$ 284.24 million by 2030; it is estimated to record a CAGR of 5.2% from 2022 to 2030. Disposable surgical gloves are used during medical procedures, such as non-invasive procedures, surgery, and chemotherapy agents handling. Disposable surgical gloves are recommended in medical applications to decrease the risk of contamination with blood and other body fluids. These primarily help in the prevention of infection to healthcare professionals and patients. Types of disposable surgical gloves include nitrile, natural rubber, neoprene, and vinyl. Each type of disposable surgical glove has its own benefits, for instance, nitrile gloves are frictionless, puncture-resistant, and last longer than latex gloves. The LATAM & Caribbean Disposable Surgical Gloves market growth is attributed to increased investments for medical consumables and devices and the growing consumption and distribution of disposable surgical gloves. In Latin America, the growing awareness of sanitization and prevention of infections has increased the import of medical consumables and disposables. Countries in Latin America have increased the per capita consumption of rubber gloves. During the COVID-19 pandemic, the import of disposable surgical gloves increased significantly. According to the Chequeado, Argentina's open-access platform, Buenos Aires Province imported 12 million disposable gloves (disposable surgical gloves) worth US$ 54 million from China in 2020. Similarly, in 2020, according to Wilson Center data, Venezuela imported 100,000 protective suits and surgical gloves from China. The medical industry growth further escalated due to increasing medical tourism, aesthetic procedures, and the growing number of healthcare facility centers, leading to increasing demand for disposable surgical gloves. Thus, companies are witnessing regional growth opportunities and expanding their distribution network in Latin America. In March 2020, Protective Industrial Products, Inc. expanded its distribution in Latin American countries. The company made its decision after the success of its expansion in Mexico. Similarly, Sri Trang Gloves Public Company Limited (STGT), Thailand, expanded its footprint in Latin America. STGT has continuously increased its distribution of rubber gloves since 2020. The company has generated revenue from producing and distributing rubber gloves in Latin America by 10%, 11.2%, and 14% in 2020, 2021, and 2022, respectively. The countries in Latin America have a higher potential for growth opportunities for rubber glove usage. The growth opportunities result from developing public health and sanitation systems and the increased purchasing power of countries in the region, leading to the LATAM & Caribbean Disposable Surgical Gloves market growth. End User-Based Insights Based on end users, the LATAM & Caribbean Disposable Surgical Gloves market is categorized into hospitals and clinics, ambulatory surgical centers, and others. In 2022, the hospitals and clinics segment held the largest market share and is anticipated to register the highest CAGR during the forecast period. The hospitals and clinics segment is expected to hold a major share in the disposable surgical gloves market as these facilities are the primary healthcare centers for people seeking diagnosis and treatment. The requirement for surgical gloves in hospitals and clinics is increasing due to the rise in hospital visits and readmissions because of chronic diseases. Wearing gloves helps protect patients and healthcare professionals from healthcare-associated infections. The demand for surgical gloves is also influenced by growing awareness regarding the safety and health measures associated with treating patients and emergency response incidents. The risks associated with the transmission of bloodborne pathogens and viruses have led to increased adoption of surgical gloves in these facilities. The high patient footfall and the need to maintain sterile conditions during surgical procedures necessitate the use of disposable surgical gloves. The emphasis on infection control and preventing cross-contamination in hospital environments also fuels the demand for these medical gloves. The LATAM & Caribbean disposable surgical gloves market is segmented into Brazil, Argentina, the Caribbean Rest of LATAM, and the Rest of the Caribbean. Among the Caribbean countries, Cuba holds the largest share of disposable surgical gloves. As per the Cuban New Agency report published in June 2021, Cuba announced resuming the production of domestic gloves for the national health sector. The Latex Articles Factory in Las Tunas province resumed production of 283,000 pairs of domestic gloves destined for the health sector. The production of 283,000 pairs of domestic gloves was achieved through the supply of 25,996 kg of centrifuged natural latex, the main raw material used in manufacturing domestic gloves, along with imported components that were already in the factory, aiding in the delivery of gloves in a complex epidemiological scenario during the COVID-19 pandemic. The procurement of domestic gloves was in collaboration with the Ministries of Tourism and Public Health of Cuba. Further, since the beginning of the pandemic in Cuba in March 2020, the factory of latex articles in Las Tunas has redoubled its efforts to guarantee compliance with biosafety protocols. The report profiles leading players operating in the global disposable surgical gloves market. These include Owens & Minor Inc., HARPS Holdings Bhd, Top Glove Corp Bhd, Ansell Ltd, B Braun SE, Cardinal Health Inc, Ametro SaRL, Bahamas Medical & Surgical Supplies Ltd, Lighthouse Medical Supplies Ltd, and Hextar Healthcare Bhd. International Trade Administration, American Academy of Allergy, Asthma, and Immunology, US Food and Drug Administration are among the few primary and secondary sources referred to while preparing the LATAM & Caribbean Disposable Surgical Gloves market report.

LATAM & Caribbean Disposable Surgical Gloves Strategic Insights

Strategic insights for the LATAM & Caribbean Disposable Surgical Gloves provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

LATAM & Caribbean Disposable Surgical Gloves Report Scope

LATAM & Caribbean Disposable Surgical Gloves Regional Insights

The geographic scope of the LATAM & Caribbean Disposable Surgical Gloves refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.