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Latin America Medical Gloves Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (Latin America)

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    Report

  • 258 Pages
  • September 2024
  • Region: Latin America
  • Fairfield Market Research
  • ID: 5998387
The medical gloves market in Latin America is poised for significant growth, with projections indicating an increase from USD 447.72 million in 2024 to USD 716.1 million by 2031, at a CAGR of 6.90%. As concerns regarding safety, infection control, and worker health escalate, the market for medical gloves has witnessed notable expansion. This trend is being driven by a range of factors, including the rise in chronic diseases, workplace accidents, and heightened awareness of safety and sanitation across the region.

The growing importance of protective gear such as medical gloves in hospitals, research institutions, and industrial sectors continues to elevate the need for durable, cost-effective, and high-performance products.

Key Market Drivers: Safety Awareness and Rising Health Concerns

Medical gloves serve as essential protection during medical procedures and examinations, preventing cross-contamination between healthcare workers and patients. These gloves are crafted from various polymer materials such as rubber, latex, PVC, and neoprene, with options ranging from powdered to non-powdered depending on usage requirements.

The demand for medical gloves is steadily increasing due to heightened awareness of hygiene among healthcare professionals and industrial workers. Medical professionals are increasingly aware of the need to protect themselves from workplace hazards, while a rise in workplace accidents has led to the mandatory use of gloves when working with hazardous materials such as acids and chemicals.

Moreover, the rising prevalence of chronic diseases and hospital-acquired infections has pushed the use of disposable gloves, which are more economical and widely adopted. Disposable gloves have become a preferred choice due to their cost-effectiveness, availability, and their ability to prevent the spread of infection during medical and surgical procedures.

Market Trends: Examination Gloves and Disposable Gloves Lead Demand

Examination gloves have maintained a dominant position in the Latin America medical gloves market, accounting for a significant share of total sales. The no-risk contamination factor and ease of use have positioned them as a leading choice in healthcare settings, with hospitals representing a major end user. Additionally, the shift toward disposable gloves, driven by their affordability and widespread use in medical facilities, continues to fuel market growth.

Nitrile gloves are becoming more popular as they offer enhanced resistance to chemicals and superior durability compared to traditional latex gloves. This shift from latex to nitrile is driven by growing concerns over latex allergies and the increasing need for gloves with superior barrier properties.

Key Opportunities for Market Players: Innovation in Product Development

Medical glove manufacturers in Latin America are focusing on research and development to drive innovation in materials and product performance. Recent innovations in medical gloves, including the use of new materials and technologies such as crosslinking technology by UV light, have the potential to provide high-quality protection and improved tactile sensitivity.

Companies are particularly focused on the development of non-latex gloves, which offer increased protection against allergens and chemicals, and disposable gloves that provide cost-effective solutions without compromising on quality. These innovations are aimed at enhancing the safety of both healthcare professionals and patients while optimizing production costs and improving profitability.

Manufacturers are also exploring collaborations with smaller distributors, enabling them to reach new markets more efficiently and streamline their operations. These partnerships are helping companies reduce setup costs and expand their product range, creating a competitive edge in the rapidly growing market.

Challenges and Barriers: Waste Management and Contamination Risks

Despite the positive growth outlook, the Latin American medical gloves market faces some challenges, particularly in the area of waste management. Medical waste generated from disposable gloves can lead to contamination of landfills and water sources, posing environmental risks. Poor management of surgical waste may result in the release of harmful pathogens and toxic chemicals, further complicating the disposal process.

Additionally, there are concerns about cross-contamination in healthcare settings, as hospital-acquired infections (HAIs) continue to pose risks for both patients and healthcare professionals. Proper use and disposal of gloves are essential in mitigating these risks, but inadequate handling and rising volumes of disposable medical waste remain significant challenges for the industry.

Moreover, regulatory bans on powdered gloves by health authorities, including concerns over allergic reactions and respiratory risks, may limit demand for certain types of gloves. However, the market is expected to adapt by focusing on the production of non-powdered gloves that meet stringent safety standards.

Regional Insights: Brazil and Mexico Emerge as Key Players

Brazil and Mexico are at the forefront of the Latin American medical gloves market, with each country contributing significantly to overall market demand. In Brazil, rising public awareness about hand hygiene, coupled with the increasing incidence of chronic diseases, is driving demand for medical gloves, particularly surgical gloves that offer superior precision and tactile sensitivity.

Mexico, one of the leading producers of medical gloves in the region, has seen a surge in demand due to its role in global medical supply chains. However, challenges such as raw material shortages and supply chain disruptions have impacted production, highlighting the need for local manufacturers to explore alternative materials and logistical solutions.

Competitive Analysis:

  • Top Glove Corporation Bhd
  • Top Glove Corporation Bhd
  • Medline Industries
  • Thermo Fisher Scientific Inc.
  • Cardinal Health, Inc.
  • B. Braun Melsungen AG
  • Denorex Corporation
  • SHOWA GROUP
  • Owens & Minor, O&M Halyard
  • Hartalega Holdings Bernard
  • Safe Glove Co. Ltd.
  • Supermen Corporation Berhad
  • Huzza Alpha Borealis Investment Management
  • Ansell Commercial Mexico S.A. De C
  • Global Glove and Safety Manufacturing, Inc.

Latin America Medical Gloves Industry Research Segmentation

Product Type:

  • Examination Gloves
  • Latex Powder
  • Latex Powder-Free
  • Nitrile
  • Vinyl
  • Polyisoprene
  • Surgical Gloves
  • Latex Powder
  • Latex Powder-Free
  • Nitrile
  • Neoprene
  • Polyisoprene

End User:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centres

Country:

  • Brazil
  • Mexico
  • Colombia
  • Argentina
  • Chile
  • Uruguay
  • Cuba
  • Peru
  • Rest of LATAM


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Table of Contents

1. Executive Summary
1.1. Latin America Medical Gloves Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. Latin America Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
3.2. Prominent Factor Affecting Medical Gloves Prices
3.3. Global Average Price Analysis, by Region, US$ Per Unit
4. Latin America Medical Gloves Market Outlook, 2019 - 2031
4.1. Latin America Medical Gloves Market Outlook, by Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Examination Gloves
4.1.1.1.1. Latex Powder
4.1.1.1.2. Latex Powder-Free
4.1.1.1.3. Nitrile
4.1.1.1.4. Vinyl
4.1.1.1.5. Polyisoprene
4.1.1.2. Surgical Gloves
4.1.1.2.1. Latex Powder
4.1.1.2.2. Latex Powder-Free
4.1.1.2.3. Nitrile
4.1.1.2.4. Neoprene
4.1.1.2.5. Polyisoprene
4.2. Latin America Medical Gloves Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Hospitals
4.2.1.2. Specialty Clinics
4.2.1.3. Ambulatory Surgical Centres
4.3. Latin America Respiratory Care Devices Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Brazil Respiratory Care Devices Market by Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.2. Brazil Respiratory Care Devices Market by End User, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.3. Mexico Respiratory Care Devices Market by Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.4. Mexico Respiratory Care Devices Market by End User, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.5. Argentina Respiratory Care Devices Market by Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.6. Argentina Respiratory Care Devices Market by End User, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.7. Rest of Latin America Respiratory Care Devices Market by Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1.8. Rest of Latin America Respiratory Care Devices Market by End User, Value (US$ Mn) and Volume (Units), 2019 - 2031
5. Competitive Landscape
5.1. By End User vs by Product Type Heatmap
5.2. Company Market Share Analysis, 2024
5.3. Competitive Dashboard
5.4. Company Profiles
5.4.1. Top Glove Corporation Bhd
5.4.1.1. Company Overview
5.4.1.2. Product Portfolio
5.4.1.3. Financial Overview
5.4.1.4. Business Strategies and Development
5.4.2. Top Glove Corporation Bhd
5.4.2.1. Company Overview
5.4.2.2. Product Portfolio
5.4.2.3. Financial Overview
5.4.2.4. Business Strategies and Development
5.4.3. Medline Industries
5.4.3.1. Company Overview
5.4.3.2. Product Portfolio
5.4.3.3. Financial Overview
5.4.3.4. Business Strategies and Development
5.4.4. Thermo Fisher Scientific Inc.
5.4.4.1. Company Overview
5.4.4.2. Product Portfolio
5.4.4.3. Financial Overview
5.4.4.4. Business Strategies and Development
5.4.5. Cardinal Health, Inc.
5.4.5.1. Company Overview
5.4.5.2. Product Portfolio
5.4.5.3. Financial Overview
5.4.5.4. Business Strategies and Development
5.4.6. B. Braun Melsungen AG
5.4.6.1. Company Overview
5.4.6.2. Product Portfolio
5.4.6.3. Financial Overview
5.4.6.4. Business Strategies and Development
5.4.7. Denorex Corporation
5.4.7.1. Company Overview
5.4.7.2. Product Portfolio
5.4.7.3. Financial Overview
5.4.7.4. Business Strategies and Development
5.4.8. SHOWA GROUP
5.4.8.1. Company Overview
5.4.8.2. Product Portfolio
5.4.8.3. Financial Overview
5.4.8.4. Business Strategies and Development
5.4.9. Owens & Minor, O&M Halyard
5.4.9.1. Company Overview
5.4.9.2. Product Portfolio
5.4.9.3. Financial Overview
5.4.9.4. Business Strategies and Development
5.4.10. Hartalega Holdings Bernard
5.4.10.1. Company Overview
5.4.10.2. Product Portfolio
5.4.10.3. Financial Overview
5.4.10.4. Business Strategies and Development
5.4.11. Safe Glove Co. Ltd.
5.4.11.1. Company Overview
5.4.11.2. Product Portfolio
5.4.11.3. Financial Overview
5.4.11.4. Business Strategies and Development
5.4.12. Supermen Corporation Berhad
5.4.12.1. Company Overview
5.4.12.2. Product Portfolio
5.4.12.3. Financial Overview
5.4.12.4. Business Strategies and Development
5.4.13. Huzza Alpha Borealis Investment Management
5.4.13.1. Company Overview
5.4.13.2. Product Portfolio
5.4.13.3. Financial Overview
5.4.13.4. Business Strategies and Development
5.4.14. Ansell Commercial Mexico S.A. De C
5.4.14.1. Company Overview
5.4.14.2. Product Portfolio
5.4.14.3. Financial Overview
5.4.14.4. Business Strategies and Development
5.4.15. Global Glove and Safety Manufacturing, Inc.
5.4.15.1. Company Overview
5.4.15.2. Product Portfolio
5.4.15.3. Financial Overview
5.4.15.4. Business Strategies and Development
6. Appendix
6.1. Research Methodology
6.2. Report Assumptions
6.3. Acronyms and Abbreviations

Companies Mentioned

  • Top Glove Corporation Bhd
  • Top Glove Corporation Bhd
  • Medline Industries
  • Thermo Fisher Scientific Inc.
  • Cardinal Health, Inc.
  • B. Braun Melsungen AG
  • Denorex Corporation
  • SHOWA GROUP
  • Owens & Minor, O&M Halyard
  • Hartalega Holdings Bernard
  • Safe Glove Co. Ltd.
  • Supermen Corporation Berhad
  • Huzza Alpha Borealis Investment Management
  • Ansell Commercial Mexico S.A. De C
  • Global Glove and Safety Manufacturing, Inc.

Methodology

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