Polyisoprene (PI) Surgical Glove Market Size, Share, Opportunities, COVID-19 Impact, And Trends By End-User (Hospitals, Medical Centers, Ambulatory Surgery Centers), And By Geography - Forecasts From 2022 to 2027

The global polyisoprene (PI) surgical glove market is projected to grow at a CAGR of 11.39% to reach a value of US$1,115.632 million by 2027, from US$524.473 million in 2020.

Introduction

PI, or Polyisoprene, is a compound that is made by the polymerization of isoprene. These gloves are manufactured from synthetic polyisoprene, which provides similar properties to latex. Its structure is also very similar to that of latex or natural rubber. The demand for polyisoprene surgical gloves is growing because of the growing skin allergies from latex-based gloves. Latex gloves are known to cause skin allergies such as instant contact dermatitis, allergic contact dermatitis, and latex allergy. PI surgical gloves are used to avoid certain skin allergies caused by latex gloves. Moreover, the growing geriatric population and the rising number of surgeries due to the increasing cases of accidents and injuries are expected to drive the demand for polyisoprene surgical gloves. Furthermore, rising investments in the healthcare industry by various countries due to the ongoing COVID-19 pandemic are expected to boost the market growth during the forecast period. The rising number of hospital visits across developing countries is expected to increase the demand for PI  surgical gloves.

Market Drivers

• The number of surgeries is increasing, as is the disease population.

One of the primary reasons driving the market's growth is the rising prevalence of cancers worldwide. Rising cases of infections such as hepatitis and human papillomavirus (HPV) and surgeries are expected to increase the demand for PI surgical gloves across hospitals. Increasing incidences of chemotherapy treatment have increased the use of personnel protective devices such as medical gloves and medical masks to avoid skin contact with chemotherapy drugs, which is expected to drive the market growth during the forecast period. Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020 (Source: WHO). The growing use of tobacco, high body mass index, alcohol use, low fruit and vegetable intake, and lack of physical activity is expected to increase the cases of cancer in the coming years, which will create a huge demand for cancer therapeutic drugs for treatment purposes, which will further boost the PI surgical gloves market growth during the forecast period. According to the International Agency for Research on Cancer (IARC), by 2040 the global burden of cancer is expected to grow to 27.5 million new cancer cases and 16.3 million deaths worldwide. Furthermore, the rise in the geriatric population and the high prevalence of orthopedic disorders in the elderly population is also expected to propel the market growth. According to the report published by the  World  Health  Organization by the year 2030, 1 in 6 people in the world will be aged 60 or over. The number of people aged 80 years or older is expected to triple between 2020 and 2050, reaching  426 million.  Growing orthopedic diseases have increased the demand for orthopedic surgeries worldwide to treat the problems that develop in bones and joints, which is expected to increase the demand for PI surgical gloves.

The Impact of COVID-19 on the Polyisoprene (PI) Surgical Glove Market

The COVID-19 pandemic has positively impacted market growth. Because of the pandemic, various countries are investing in their healthcare infrastructure to improve their facilities. On the other hand, to stop the spread of the virus, healthcare workers are using PPE kits that include surgical gloves to avoid any direct contact with patients. All these scenarios are positively contributing to the market growth.

Competitive Insights

The increasing demand for PI surgical gloves has led to the entry of several new players into the global PI surgical glove market. To increase their clientele as well as increase their market share in the upcoming years, many of these market players have taken various strategic actions like partnerships and the development of novel solutions, which are expected to keep the market competitive and constantly evolving. Major market players like Cardinal Health and Medline Industries, Inc. and among others, have been covered along with their relative competitive strategies. The report also mentions recent deals and investments by different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these important players in the Polyisoprene surgical gloves market.

Polyisoprene (PI) Surgical Glove Market Scope:

Market Segmentation:

• By End-User
  • Hospitals
  • Medical Centers
  • Ambulatory Surgical Centers
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global polyisoprene surgical glove market?
A1. Polyisoprene (PI) Surgical Glove Market was valued at US$1141.081 million in 2020. 

Q2. What are the growth prospects for the polyisoprene surgical glove market?
A2. The global polyisoprene surgical glove market is projected to grow at a CAGR of 7.04% over the forecast period. 

Q3. What factors are anticipated to drive the polyisoprene surgical glove market growth?
A3. One of the primary reasons driving the polyisoprene surgical glove market growth is the rising prevalence of cancers worldwide.

Q4. What will be the polyisoprene surgical glove market size by 2027?
A4. The polyisoprene surgical glove market is projected to reach a market size of US$1,837.126 million by 2027. 

Q5. How is the global polyisoprene surgical glove market segmented?
A5. The polyisoprene (PI) surgical glove market has been segmented by end-user and geography.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis

5. POLYISOPRENE SURGICAL GLOVE MARKET BY END-USER 
5.1. Hospitals
5.2. Medical Centers
5.3. Ambulatory Surgical Centers

6. POLYISOPRENE SURGICAL GLOVE MARKET BY GEOGRAPHY
6.1. North America
6.1.1. USA
6.1.2. Canada
6.1.3. Mexico
6.2. South America
6.2.1. Brazil
6.2.2. Argentina
6.2.3. Others
6.3. Europe 
6.3.1. Germany
6.3.2. United Kingdom
6.3.3. France 
6.3.4. Spain
6.3.5. Others
6.4. Middle East and Africa
6.4.1. Saudi Arabia
6.4.2. Israel
6.4.3. Others
6.5. Asia Pacific
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. South Korea
6.5.5. Thailand
6.5.6. Indonesia
6.5.5. Others

7. COMPETITIVE INTELLIGENCE
7.1. Competitive Benchmarking and Analysis
7.2. Strategies of Key Players
7.3. Recent Investments and Deals

8. COMPANY PROFILES
8.1. ANSELL LTD.
8.2. Cardinal Health
8.3. Medline Industries, Inc.
8.4. Molnlycke Health Care AB
8.5. Top Glove Corporation Bhd
8.6. Sempermed USA, Inc.
8.7. Budev BV

*List is not exhaustive

ANSELL LTD.

Cardinal Health

Medline Industries, Inc.

Molnlycke Health Care AB

Top Glove Corporation Bhd

Sempermed USA, Inc.

Budev BV