Disposable Medical Gloves Procurement Intelligence

The disposable medical gloves category is anticipated to grow at a CAGR of 3.0% from 2023 to 2030. In 2022, North America accounted for 37.1% of the market share followed by Asia Pacific and Europe. Asia Pacific’s fastest growth is attributed to the continuous development of healthcare infrastructure. In addition, India is registering higher investments in the healthcare sector by both private and public players, which is contributing to the regional growth, supplementing demand in the global category.

Glove products are currently at a tipping point in terms of demand & supply, price, and quantity. Distributors must deal with glove inventory in their warehouses, and manufacturers that have increased production capacity now have difficulty precisely estimating demand. A complicated interplay of supply chain modifications and price mechanisms has resulted from this uncertainty. Prices, which earlier spiked because of scarcity, have now stabilized but are still extremely sensitive to market instability. The growing emphasis on hygiene and safety and the increase in public awareness are supporting the industry’s growth. The sector may have experienced a slump after seeing extraordinary expansion, which may leave some people perplexed about the industry.

Order your copy of the Disposable Medical Gloves category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

In order to support the pillars of sustainability in financial, social, and environmental sectors; key players in the industry are utilizing performance-enhancing materials such as biodegradable polymers, bio-fillers, biomaterials, and antimicrobial agents. conjunctly with synthetic and natural rubbers. For instance, Top Glove Corporation Berhad’s biodegradable green series products (covering biodegradable nitrile gloves, biodegradable TPE gloves, and biodegradable CPE gloves) are specially engineered to decompose by a microbiological mechanism in biologically active landfills, enabling businesses to reduce the danger of Type IV Delayed Hypersensitivity Reaction with an additional feature of accelerator free option.

The outbreak of the COVID-19 pandemic significantly affected the market in 2020 and 2021. Supplies across the globe were severely curtailed because of the high demand for medical gloves and irrational purchases by some distributors and organizations. However, as a result of widespread immunization, the pandemic was contained, and demand fell. The demand for standard 3-mil nitrile medical gloves, which had fueled production, disappeared when new facilities got up and running. In order to minimize costs, glove manufacturers were consequently obliged to reduce their capacity for production and turn to strategies like increasing the use of filler material in glove manufacturing. In the end, many chose to scale back output in order to cut labor, material, and energy costs and increase utilization.

Disposable Medical Gloves Sourcing Intelligence Highlights

• The global disposable medical gloves category is fragmented, with the majority of the global players being based out of Southeast Asia.
• Malaysia is the largest exporter of disposable medical gloves, offering the product in shorter lead times and economic logistic expenses due to well-connected ports and better logistical infrastructure.
• The threat of new entrants is anticipated to stay low since new market participants are likely to face a high entry barrier in the form of initial capital investments.
• Cost of raw materials, equipment & machinery, labor costs, energy, transportation & storage, and other expenses are the major cost components of this category. Other expenses can be further bifurcated into quality assurance, taxes, depreciation, rent & utilities, and administrative expenses.

List of Key Suppliers

• Ansell Limited
• B. Braun SE
• Cardinal Health, Inc.
• Hartalega Holdings Berhad
• Innovative Gloves Co., Ltd.
• Kossan Rubber Industries Berhad
• Mercator Medical S.A.
• Rubberex Corporation (now Hextar Healthcare Berhad)
• Semperit AG Holding
• Supermax Corporation Berhad
• Top Glove Corporation Berhad
• UG Healthcare Corporation Limited

Browse through Grand View Research’s collection of procurement intelligence studies:

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• Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Disposable Medical Gloves Procurement Intelligence Report Scope 

 Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.