Saudi Arabia Disposable Medical Gloves Market to Grow at 7% by 2028
Published | 14 February 2022
The Saudi Arabia disposable medical gloves market is growing at a high CAGR because of the growing concern towards safety and hygiene. Additionally, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also pushing the market forward…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the Saudi Arabia disposable medical gloves market is estimated to grow at a CAGR of 7% during 2022 - 2028. Growth in the market is anticipated predominantly on account of growing concerns towards safety and hygiene. Furthermore, the increasing risks of cross-contamination and hospital-acquired infections among healthcare providers and patients are also strengthening the market. The rising demand for the disposable medical gloves market after the COVID-19 outbreak and expanding production capacities by manufacturers is anticipated to boost the market growth during the forecast period. However, rising concern towards medical waste generated by single-use disposable medical gloves may act as a huge restraining factor for the market growth.
Flourishing Online Sales Channels Anticipated to Drive Saudi Arabia Disposable Medical Gloves Market Growth
The mobility restrictions imposed by the Saudi Government to curb the spread of the COVID-19 virus halted the distribution channel for the country’s disposable medical gloves market. To overcome this hurdle, the disposable medical gloves manufacturers and suppliers quickly resorted to online sales channels to boost the supply of their products. Due to online channels, suppliers can track local demands and produce and supply products accordingly, which is a favorable factor for the Saudi Arabia disposable medical gloves market.
Potential Growth in the Medical Tourism Expected to Provide Lucrative Growth Opportunities to the Market
The medical tourism industry in Saudi Arabia is not very popular. However, it has all the basic and advanced medical amenities, such as well-equipped hospitals, established private health care sector, foreign-trained doctors, etc., to make it a desired medical tourism destination. Since Saudi Arabia's economy is rapidly diversifying, the government has become more focused on attracting medical tourists for procedures and treatments. Saudi Arabia's demand for disposable medical gloves is likely to rise as a result over the forecast period.
Saudi Arabia Disposable Medical Gloves Market - By End-User
Based on end-users, Saudi Arabia disposable medical gloves market is segmented into hospitals, outpatient/primary care facilities, home-care settings, and others. The hospital segment accounts for the largest market share due to the developed healthcare infrastructure and stringent government regulations that make it mandatory for healthcare workers to wear disposable medical gloves to prevent the chances of cross-contamination with patients. Furthermore, the increasing number of in-patient treatments due to the increasing prevalence of chronic diseases and surgical procedures is anticipated to drive the disposable medical gloves market growth in the forecast period.
Impact of COVID-19 on Saudi Arabia Disposable Medical Gloves Market
The sudden COVID-19 pandemic outbreak offered tremendous growth opportunities to the Saudi Arabia disposable medical gloves market. The demand for disposable medical gloves spiked in the hospitals and diagnostic centers due to the highly communicable behavior of the COVID-19 virus. The domestic disposable medical gloves manufacturers also expanded their production capacities and global players boosted their imports to meet the growing demand for disposable medical gloves in Saudi Arabia. Furthermore, the companies also shifted to an online sales model to increase accessibility during the mobility restrictions. These factors significantly proliferated the growth of the Saudi Arabia disposable medical gloves market.
The leading players in the Saudi Arabia disposable medical gloves market are Plasti Surge Industries Pvt. Ltd., Sterimed Medical Devices Pvt. Ltd., KSA Modern Eastern, Med Means Trading, VPRO WEAR, United Medical Industries Co. Ltd. United Medical Industries Co. Ltd., REDASafe, Ugg Gloves, Raqwani Medicals, Top Glove Corporation Berhad, and other prominent players.
The Saudi Arabia disposable medical gloves market is highly fragmented due to the presence of various regional and global industry players. The market participants are significantly investing in expanding their production capacities post the COVID-19 outbreak to boost their sales and revenue. They are also opting for online sales channels and third-party distributors to increase their product penetration in the market. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia disposable medical gloves market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the Saudi Arabia disposable medical gloves market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting (BWC) provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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