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) 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), as highlighted in a new report published by Coherent Market Insights.
The strategies by key market players like investments is expected to drive the GCC medical gloves market growth over the forecast period. For instance, on December 19, 2022, Zawya., publishing company based in Dubai, announced Riyadh, The Kingdom of Saudi Arabia had invested more than US$ 36 billion on healthcare in 2022, with the expansion of digital healthcare innovation a key priority, according to the country’s ministry of health. To support the kingdom’s ongoing investment, Proximie, a global health tech company, is currently working with physicians and healthcare networks across the Gulf’s largest economy, sharing its vision for the future of healthcare.
GCC Medical Gloves Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others faced problems regarding transportation of drugs from one place to another.
COVID-19 had positive impact on the GCC medical gloves market due to increasing need of medical gloves in normal life of people due to nationwide lockdown and increasing COVID-19 infection. For instance, according to an article published by National Center for Biotechnology Information, on July 26, 2022, explained policies of “availability of personal protective equipment, stay-at-home, social distancing, and quality hospital care to the people”. The Saudi Arabian Ministry of Health (MOH) has performed an exhaustive awareness campaign or direct public awareness sessions, national television programs, several platforms of social media, and mobile phone SMS messages. In collaboration with the “Saudi Center for Disease Control”, the Ministry of Health, has launched a COVID-19-related guide and health education in more than ten languages to provide all citizens, Saudi and non-Saudi ones, with scientific facts and preventive measurements. The provision of facemasks, hand gloves, and hand sanitizers in all workplaces/markets, cleaning and disinfecting public places, community surveillance to prevent the movement and gathering of people, closure of masjids/community halls, and hefty fines for those who did not comply with wearing facemasks and social distancing.
GCC Medical Gloves Market: Key Developments
Increasing strategies like exporting medical products by key market player is expected to drive the market growth.
For instance, on September 22, 2022 MedTech Europe, the Europe trade association representing the medical technology industries, from diagnosis to cure exported medical products to countries which include Saudi Arabia explained there are more than 500,000 medical technologies available in hospitals, community care settings and at home. Medical technologies can be everyday objects such as sticking plasters, syringes, surgical masks, and latex gloves, as well as spectacles, wheelchairs, COVID-19 tests and medical apps. On the other end of the spectrum, sales of In vitro diagnostics (e.g. PCR tests), patient aids (artificial respiration apparatus such as ventilators) and consumables (e.g. nasal cannula, syringes, surgical gloves) increased significantly in 2020 as these medical technologies were essential to the special care that severe COVID-19 patients require.
Browse 26 Market Data Tables and 36 Figures spread through 180 Pages and in-depth TOC on 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)), By country (Saudi Arabia, UAE, Qatar, Bahrain, Oman, Kuwait)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/gcc-medical-gloves-market-4116
Key Takeaways of the GCC Medical Gloves Market:
- GCC medical gloves market is expected to exhibit a CAGR of 8.3% during the forecast period due to increasing demand for medical gloves. For instance, on June 10, 2023, International Labour Organization, United Nations agency based in Switzerland stated countries issued stricter sanitary guidelines that ranged from requiring the use of partitioning walls and personal protective equipment (PPE), such as masks, gloves and other protective clothing, to restricting the maximum number of workers allowed to be physically present on companies’ premises. These measures were more challenging to implement in the informal economy where work activities commonly take place in overcrowded areas, such as public spaces, with limited access to hand-washing stations and to PPE. In addition, informal economy workers and enterprises are not registered which makes it difficult to identify them and to reach out with information on occupational safety and health measures.
- Among raw material type, latex rubber material gloves is expected to be dominant segment in the GCC medical gloves market, owing to the increasing guidelines for the use of medical gloves. For instance, on January 17, 2023, Kingdom of Saudi Arabia (KSA) has introduced new guidance on medical device classification. The purpose of this guide is to define and clarify the recognized standards for obtaining marketing authorization for surgical and medical examination gloves. Single-use sterile rubber surgical gloves— specification, single-use medical examination gloves—specification for gloves made from rubber latex or rubber solution, single-use medical examination gloves— specification for gloves made from poly (vinyl chloride) medical gloves for single use- requirements and testing for freedom from holes, medical gloves for single use- requirements and testing for physical properties , medical gloves for single use- requirements and testing for biological evaluation, medical gloves for single use - requirements and testing for shelf life determination.
- Major players operating in the 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.)
