How are Regulatory Norms Impacting the Growth of Surgical Gloves?
Increased healthcare spending to boost the future growth potential of the surgical gloves market
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The global surgical gloves market generated $2.24 billion in revenue in 2021. An increase in healthcare budgets and a rise in the number of surgical procedures is expected to drive the market revenue to $3.43 billion at a CAGR of 8.9% between 2021 and 2026. The market will also be driven by the increased adoption of eco-friendly and biodegradable products.
The surgical gloves market is fiercely competitive and dominated by global players like Ansell, Cardinal Health, Mölnlycke Health Care, Semperit AG Holding, and Medline Industries Ltd. Stringent regulatory norms and an expected increase in the demand for surgical gloves in the coming years opens up potential M&A opportunities for larger manufacturers to remain viable in this highly competitive space.
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