Latex Medical Disposables Market Share, Size, Demand, Key Players

Market Snapshot
Over the course of the forecast period, the market for latex medical disposables is anticipated to grow at a CAGR of 5.1%. The COVID-19 pandemic has continued to alter the development of numerous marketplaces, and its immediate effects are diverse. While certain industries saw a decline in demand, many other markets can continue to be unaffected and provide bright prospects for expansion. The COVID-19 outbreak is contributing significantly to the market growth for latex medical disposables. Additionally, the global demand for medical disposables has been rising quickly. However, problems with the supply chain were first noticed. Several factors have made it difficult to find supplies. difficulties include travel and export restrictions imposed by some manufacturing nations and lockdowns that have made providers temporarily cease operations. However, producers have boosted their output to offer the necessities in order to keep up with the rising demand. Top Glove Corporation expanded medical glove production and sales in March 2020. Additionally, Mr. Tanatdaj Sillapavitsawakul and Mr. Rujipart Tanapattarachaitat, two company partners, formed QB Medical in September 2020 to provide a variety of medical gloves.

The rising frequency of chronic diseases linked to lifestyle choices and other factors, as well as the rising population of baby boomers, are some of the reasons propelling the latex medical disposables market. According to the World Health Organization, the greatest cause of death and disability and the main factor in the US$3.5 trillion in yearly health care expenses are chronic diseases. Additionally, according to data from the World Health Organization for 2018, there were an estimated 18.1 million new cases of cancer worldwide. Over the projected period, this number is anticipated to rise. This element is anticipated to increase demand for associated operations. The ageing population is expanding, and patients are becoming more aware of infection control measures.

Business Dynamics
Global demand for disposable latex nitrile gloves rises each year as more procedures are conducted, which fuels the expansion of the latex medical disposables market. The World Health Organization (WHO) reports that more than 232 million surgeries were carried out globally in 2013. Safety gloves are a requirement for all surgical procedures, whether straightforward and complicated. A growing number of procedures using Foley catheters and chronic renal disorders that require treatment with dialysis are other factors boosting the growth of the global market for latex medical disposables. Over 650,000 patients in the United States were impacted, according to a survey conducted in 2013 by the Department of Bioengineering and Therapeutic Sciences at the University of California, San Francisco. According to the National Kidney Foundation, dialysis or kidney transplants are being used to treat kidney disorders in more than 2 million patients worldwide. Patients who are at risk for dialysis are using disposable latex urine bags more frequently, which is helping the market for latex medical disposables develop. The sole issue that can limit the growth of the global market for latex medical disposables is sensitivity and allergy to latex. Around 8% to 17% of medical workers have latex allergies, according to the American Latex Allergy Association.

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Global Latex Medical Disposables Market: Major Players
Top Glove Corporation
Medtronic plc.
Hartalega Holdings Bhd.
Ansell
C.R. Bard
Dynarex Corporation
B. Braun Melsungen

Global Latex Medical Disposables Market: Types
Latex Gloves
Latex Urethral Catheters
Latex Foley Tray
Latex Probe Cover
Others

Global Latex Medical Disposables Market: Applications
Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics
Diagnostic Centers

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Growing Demand from Asia Pacific Countries to Speed Up Growth

The global market for latex medical disposables has been divided into five regions based on geography: Europe, the Asia-Pacific, Latin America, the Middle East and Africa, and North America. North America currently holds the lion's share of the global market for latex medical disposables, accounting for 33% of it in 2016, followed closely by Europe. One of the main drivers driving the market in Europe and North America is the rise in safety concerns, increased health awareness, the growth of contagious diseases, and the expansion of preventative measures.