GCC Medical Gloves Market Size, Share, Outlook, and Opportunity Analysis, 2020– 2027

GCC MEDICAL GLOVES MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027

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REPORT DESCRIPTION GCC Medical Gloves Market - Overview Examination gloves, surgical gloves, and chemotherapy gloves are the different types of medical gloves. On the basis of form, medical gloves can be classified as powdered Form gloves and powder-free form gloves. Latex, nitrile rubber, vinyl rubber, and polyisoprene are some of the materials used in producing medical gloves. On the basis of types, medical gloves can be classified as disposable medical gloves and re-usable medical gloves.

Statistics: GCC Medical Gloves Market is estimated to account for US$ 145.0 Mn in terms of value by the end of 2020.

GCC Medical Gloves Market: Drivers High number of end users is expected to propel growth of GCC medical gloves market over the forecast period. For instance, according to March 2018 report of Alpen Capital, an investment bank, Saudi Arabia had 470 hospitals with 70,844 beds by end-2016, representing nearly 70% of GCC’s bed capacity.

GCC Medical Gloves Market: Opportunities Such massive project pipeline is expected to offer lucrative growth opportunities for players in GCC medical gloves market.

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REPORT DESCRIPTION GCC Medical Gloves Market: Restraints The dearth of specialized care and the high cost of medical treatment for super-specialized care in areas such as cardiology and oncology in GCC has prompted patients to travel abroad to seek treatment, which is driving outbound medical tourism, thereby hindering growth of GCC medical gloves market.

Key Takeaways: GCC medical gloves market was valued at US$ 131.4 Mn in 2019 and is forecast to reach a value of US$ 263.0 by 2027 at a CAGR of 7.5% between 2020 and 2027. Increasing number of surgical procedure is expected to assist the market growth during the forecast period.

Latex Rubber Material Gloves segment held dominant position in GCC medical gloves market in 2019, accounting for 80.1% share in terms of value, followed by Nitrile Rubber Material Gloves and Vinyl Material Gloves, respectively. Increasing product launch during the forecasted period is expected to drive the segment growth.

According to March 2018 report of Alpen Capital, an investment bank, GCC has over 700 healthcare projects worth US$ 60.9 billion under various stages of development.

The UAE followed with a capacity of 12,540 beds, of which nearly 55% is held by the private sector.

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REPORT DESCRIPTION Market Trends Presence of long-term healthcare strategies in GCC is expected to boost growth of GCC medical gloves market. For instance, Oman’s Health Vision 2050 aims as adding 7,950 beds, 13,404 physicians (including dentists), and 26,056 nurses between 2017 and 2050 and Saudi Arabia’s Dubai Health Strategy 2016 - 2021 and Dubai Clinical Services Capacity Plan 2015 - 2025 aims at adding over 3,800 beds, nearly 8,300 physicians and 8,800 nurses between 2017 and 2025.

Moreover, rising investments in specialized centers is also expected to boost demand for medical gloves.

GCC Medical Gloves Market: Competitive Landscape Major players operating in GCC medical gloves market include, 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 (NAFA Enterprises, Ltd.).

GCC Medical Gloves Market: Key Developments July 2020: Top Glove Sdn Bhd and TG Medical Sdn Bhd, subsidiaries of Malaysia-based Top Glove Corp Bhd. received detention order on imports of disposable medical gloves over forced labor concerns.

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