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GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027)

Read here the market research report on the u201cGCC Medical Gloves Marketu201d published by CMI team

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GCC MEDICAL GLOVES MARKET ANALYSIS (2020-2027)

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. GCC MEDICAL GLOVES MARKET ANALYSIS(2020-2027) • GCC Medical Gloves Market, By Raw Material (Latex Rubber Material Gloves, Nitrile Rubber Material Gloves, Vinyl Material Gloves, Polyisoprene Gloves), By Product Type (Examination Gloves, Surgical Gloves, Chemotherapy Gloves), By Form (Powdered Form Gloves, Powder-Free Form Gloves), By Type of Use (Disposable Medical Gloves, Re-usable Medical Gloves), By End Use (Hospital Use, Clinic Use, Ambulatory Surgery Center Use, Diagnostic Imaging Center Use, Rehabilitation Center Use), By Distribution Channel (Direct Selling Channel, Medical Store Channel, E-Commerce Channel, Other (Retail Store or Hypermarket) Channel), and By Region (Saudi Arabia, UAE, Qatar, Bahrain, Oman, Kuwait) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

  3. Medical gloves are a hand protection equipment, which are worn on the hands to prevent cross contamination between doctor or caregiver and patient during surgical procedure, medical examination and chemotherapy.

  4. Statistics: GCC medical gloves market is estimated to account for US$ 263.0 Mn in terms of value by the end of 2027.

  5. GCC Medical Gloves Market: Drivers • Increasing awareness regarding health and safety is expected to propel growth of GCC medical gloves market over the forecast period. Medical gloves are one part of an infection-control strategy. Medical gloves help 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 and vice versa, as well as from one patient to another.   • Moreover, increasing prevalence of chronic diseases is expected to boost demand for medical gloves. For instance, according to the World Health Organization, Saudi Arabia recorded 24,485 new cases of cancer and 10,518 deaths due to the disease in 2018.   

  6. Statistics: • Saudi Arabia held dominant position in GCC medical gloves market in 2019, accounting for 76.1% share in terms of Value, followed by UAE and Oman, respectively.

  7. Figure 1: GCC Medical Gloves Market Share (%) Value, By Region, 2019

  8. GCC Medical Gloves Market: Restraints • The GCC medical gloves market is more import oriented market with maximum presence of medical gloves traders and less of medical gloves manufacturers. GCC traders import medical gloves majorly from Malaysia, Thailand, and Indonesia, resulting in increase in transportation costs of medical gloves, which is limiting growth of GCC medical gloves market. • Moreover, price-based competition due to emerging local or domestic players and allergic effects arising due to use of latex or natural rubber gloves is also expected to hinder growth of the market.

  9. GCC Medical Gloves Market: Opportunities  • Import-oriented GCC medical gloves market in expected to creates lucrative growth opportunities to set-up more gloves manufacturing industries. The number of medical gloves traders or importers is high in GCC (mainly importing gloves from Malaysia, Thailand, and Indonesia) as compared to gloves manufacturers, resulting in increase in transportation costs of medical gloves, which is expected to create opportunities to set-up more number of medical gloves manufacturing industries in this region. • Moreover, rapidly growing lifestyle diseases and an ageing population is also expected to aid in growth of the market.

  10. Statistics: • GCC medical gloves market was valued at US$ 131.4 Mn in 2019 and is forecast to reach a value of US$ 263.0 Mn by 2027 at a CAGR of 7.5% between 2020 and 2027.

  11. Figure 2: GCC Medical Gloves Market Value (US$ Mn), 2016 – 2027

  12. Market Trends/Key Takeaways • Emergence of Covid-19 is expected to boost demand for disposable medical gloves. For instance, in Saudi Arabia, from March 2, 2020 to 7:24 pm CEST, 27 July 2020, there have been 266,941 confirmed cases of COVID-19 with 2,733 deaths, as reported to the World Health Organization. • Although some of the treatments are expensive in Dubai, it is becoming a preferred destination due to relaxed processes, less waiting period and strategic geographic location. Dubai aims to attract over 500,000 medical tourists by 2020. However, the current Covid-19 pandemic has adversely impacted medical tourism in GCC.

  13. Figure 3: Value Chain Analysis

  14. 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.).

  15. GCC Medical Gloves Market: Key Developments • Major players in GCC Medical Gloves market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in August 2019, Top Glove Corporation Bhd awarded the Top Glove Industrial Collaboration Grant to University Teknologi Malaysia to perform glove industry-related research

  16. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/gcc-medical-gloves-market-4116

  17. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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