GCC Medical Gloves Market is projected to reach US$ 263.0 Million by the end of 2030: Paul Hartmann AG, Hotpack Packaging Industries, LLC, Falcon (Falcon Pack)

Apr 24, 2023

June 7th, 2023 Coherent Market Insights Releases

Medical gloved are used to reduce the risk of contamination of health-care workers hands with blood and other body fluids and to reduce the risk of germ dissemination to the environment and of transmission from the health-care worker to the patient. Medical gloves can be classified as disposable medical gloves and re-usable medical gloves. Increasing prevalence of chronic diseases is expected to boost demand for medical gloves. Furthermore, rising investments in specialized centers is also expected to boost demand for medical gloves.

Medical gloves are a type of hand protective device that are worn on the hands during surgical procedures, medical examinations, and chemotherapy to avoid cross-contamination between the doctor or caregiver and the patient.

Statistics:

By the end of 2027, the GCC medical gloves market is anticipated to be worth US$ 263.0 Mn.

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GCC Medical Gloves Market: Drivers

During the course of the forecast period, rising awareness of health and safety is anticipated to fuel market expansion for medical gloves in the GCC. One element of an infection-control plan is the use of medical gloves. Medical gloves serve to lower the chance of blood and other bodily fluids getting on a health care worker's hands, as well as the risk of germs spreading to the environment, from one patient to another, and from the health care worker to the patient.

In addition, it is anticipated that the prevalence of chronic illnesses would increase, driving up demand for medical gloves. For instance, the World Health Organization reports that Saudi Arabia saw 24,485 new cases of cancer and 10,518 cancer-related fatalities in 2018.

Statistics:

In terms of Value, Saudi Arabia had a 76.1% market share in the GCC for medical gloves in 2019. Saudi Arabia was followed by the UAE and Oman.

GCC Medical Gloves Market: Opportunities

The import-focused GCC medical glove market is anticipated to generate profitable expansion prospects for the establishment of additional glove manufacturing enterprises. In the GCC, there are more dealers and importers of medical gloves than there are producers. This has led to an increase in the cost of shipping medical gloves, which is predicted to open up additional chances for the establishment of medical glove manufacturing companies in this area.

Moreover, an aging population and the fast expanding number of lifestyle disorders are anticipated to support market expansion.

Statistics:

The market for medical gloves in the GCC was valued at US$ 131.4 million in 2019 and is anticipated to grow at a CAGR of 7.5% from 2020 to 2027 to reach US$ 263.0 million.

GCC Medical Gloves Market: Competitive Landscape

Paul Hartmann AG, Hotpack Packaging Industries, LLC, Falcon (Falcon Pack), Top Glove Corp Bhd., Deeko Bahrain, Salalah Medical Supplies Mfg. Co. LLC, United Medical Industries Co. Ltd., and NAFA are major competitors in the GCC medical gloves industry (NAFA Enterprises, Ltd.).

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GCC Medical Gloves Market: Restraints

Medical glove merchants are more prevalent than manufacturers in the GCC medical glove market, which is more import-oriented. GCC merchants import medical gloves mostly from Malaysia, Thailand, and Indonesia, which raises the cost of transportation for medical gloves and restricts the market's expansion in the GCC.

The market's expansion is also anticipated to be hampered by price-based rivalry brought on by new domestic or local competitors, as well as allergic reactions brought on by the usage of latex or natural rubber gloves.

Market Trends/Key Takeaways

The development of Covid-19 is anticipated to increase demand for single-use medical gloves. For instance, according to information provided to the World Health Organization, Saudi Arabia experienced 266,941 confirmed cases of COVID-19 between March 2, 2020, and 7:24 p.m. CEST on July 27, 2020, with 2,733 fatalities.

Despite the fact that some treatments in Dubai are pricey, the city is growing in popularity because to its easygoing procedures, short waiting times, and advantageous geographic position. By 2020, Dubai hopes to draw more than 500,000 medical visitors. The current Covid-19 epidemic has, however, had a negative influence on medical travel in the Gulf.

GCC Medical Gloves Market: Key Developments

Leading market participants in the GCC Medical Gloves market are concentrating on implementing collaborative methods to broaden their product line. For instance, in August 2019, Universiti Teknologi Malaysia received the Top Glove Industrial Cooperation Grant from Top Glove Company Bhd to do research on the glove sector.

Key Reasons to Purchase GCC Medical Gloves Market Report:

►The report analysis by geography highlights the consumption of the product/service within the region and also as indicating the factors that are affecting the market within each region

►The report provides opportunities and threats faced by the vendors in the GCC Medical Gloves Market. The report indicates the region and segment that's expected to witness the fastest growth

►The competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions

►The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players

►The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging also as developed regions

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Table of Contents with Major Points:

Executive Summary

Executive Summary

Market Overview

Key Insights

Qualitative Insights Impact of COVID-19 on Global GCC Medical Gloves Market

Conclusion

Appendix

TOC Continued…!

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