Original article from medgadget.com
A recent study “Disposable Gloves Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” from Transparency Market Research (TMR), a U.S.-based market research firm states that the global disposable gloves market estimated at US$5.21 billion in 2012 will reach a total value of US$7.85 billion by 2019, with a CAGR of 6.2% during the forecast period of 2013 to 2019.
The global disposable gloves industry in terms of volume in 2012 was 200.18 billion pieces. This figure of disposable gloves pieces is expected to grow further due to growing hygiene awareness around the world. Campaigns lead by WHO (SAVE LIVES: Clean Your Hands), CDC (Clean Hands Save Lives), and other prominent organizations around the world are promoting hand hygiene. Increasing awareness of hygiene among healthcare providers and patients is driving the market of disposable gloves.
It was noted in 2012 that North America was leading the disposable gloves market with 42.3% demand. Increasing number of threats from infectious diseases and investments by government in U.S. in the healthcare sector has resulted into a mature market for disposable gloves. According to TMR analysts, the disposable gloves market in North America is saturated and other regions will demonstrate stronger growth comparatively. Currently, Europe is the second largest consumer of disposable gloves and in 2012, it amounted to 30.8% of the global disposable gloves market. This region is anticipated to grow at a 5.4% CAGR during 2013-2019 period. Asia-Pacific region is showing great promise too, especially from India and China. Asia Pacific will emerge as the fastest growing disposable gloves market in terms of volume in the coming six years. In 2012, Asia Pacific accounted for 15.3% of the global disposable gloves market and it will grow at 6.7% CAGR during the forecast period. On the contrary, RoW region which comprises of Latin America, Africa, and the Middle East is forecasted to be the fastest growing market through 2019.