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 User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Imaging Center, Rehabilitation Center), By Distribution Channels (Direct Selling Channel, Medical Store Channel, E-Commerce Channel, Others Channels (Retail Store, Hypermarket)), and By Country ( Saudi Arabia, UAE, Qatar, Bahrain, Oman, Kuwait) -

Published In : Jul 2023

Code : CMI4116

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Gcc Medical Gloves MarketSize and Trends

GCC Medical Gloves Market is estimated to be valued at US$ 178.0 million in 2023 and is expected to exhibit a CAGR of 8.3% during the forecast period (2023-2030).

Increasing agreements in healthcare sectors

Increasing agreements are expected to drive the GCC medical gloves market growth over the forecast period. For instance, the Indian Medicines Agency announced in its annual report on March 23, 2023 that the India-UAE Comprehensive Economic Partnership Agreement (CEPA): Annex includes Bilat-15 cooperation in the field of medicines and plans for fast-track procedures for pharmaceutical products by at least one regulatory agency, including medical gloves.

GCC Medical Gloves Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding the transportation of drugs from one place to another.

For instance, on January 16, 2021, Value Added Tax consultants in Dubai, UAE, explained the fight against COVID-19 was raging across the world amidst the news of a second strain emerging, leading to a surge in demand for Personal Protective Equipment (PPE). However, importers and suppliers need to be aware of how the UAE charges VAT on specific medical equipment used to fight the COVID-19 pandemic such as face masks, sanitizers, hand gloves etc. A temporary zero-rating is applied on specific medical equipment including the face masks and medical gloves which has a positive impact on the GCC medical gloves market due to increased demand for medical gloves.

Market- Trends

GCC Medical Gloves Market- Country Analysis

Among the region, Saudi Arabia is estimated to hold a dominant position in the GCC medical gloves market over the forecast period, owing to increasing research & developments of healthcare devices. For instance, on April 28, 2023 Paul Hartmann Ag, medical equipment manufacturer in Dubai, explained demand for disinfection products remained below pre-pandemic levels. Inflation also led to reduced purchasing power, which strongly impacted the development of demand for branded consumer goods. In the infection management general demand for disinfection products declined in both the inpatient and outpatient sectors. High raw material prices could not be offset by price adjustments. Demand also decreased for examination gloves and protective clothing.