Latex medical disposables products such as gloves, probe covers, urethral catheter etc. are made from natural rubber. Latex gloves provide better comfort and durability and are used for surgical and examination purposes. Due to the tactile sensitivity and appropriate fit to the hand, latex disposable gloves have been in huge demand. However due to the allergies caused by latex, the demand of latex disposable gloves is presently in declining trend. This high risk associated with latex gloves although has been reduced after the introduction of powder-free gloves.

The urethral catheter market is growing on the account of rising urinary disorders along with increasing surgical procedures. Among all the urethral catheter types, foley catheter segment is moderately growing and expected to grow more over upcoming years. Increasing outbreak of infectious or contagious diseases has augmented the usage of latex gloves, which in turn drives the global latex medical disposable market. Few major driving forces of the latex medical disposable market are growing geriatric population, increasing chronic diseases and surgical intervention. Rising health awareness among public also fuels the growth of latex medical disposable market. Various initiatives have been undertaken by organizations like WHO, CDC for hand hygiene and other safety purposes; drive the growth of global latex medical disposable market.

The tactility and cost-effectiveness made the latex gloves preferable before the alternative products came into the market and the latex gloves market started to dwindle. Allergies or skin dermatitis caused from the usage of latex medical disposable is the major restraining factor of the latex medical disposable market. Therefore, the emerging popularity of alternatives made up of synthetic material pose challenges on the growth of latex medical disposables market.

The purpose of this research study titled ‘Latex Medical Disposables Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global latex medical disposables market. This report presents and analyzes the major trends prevalent in the global latex medical disposables market and the market size and forecast.

The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional presented in terms of type of products, type of end users and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global latex medical disposables market. Competition assessment tools such as, major agreements, partnerships and collaborations, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the latex medical disposables market. The major players profiled in this report are C.R. Bard, Ansell, Top Glove Corporation, Dynarex Corporation, Hartalega Holdings Bhd., Supermax Corporation Berhad, B. Braun Melsungen, and Medtronic plc.

Medical gloves act as a barrier to avoid any infection caused when come in contact with any contaminants in any wound or blood or body fluids. Latex gloves, made up of natural rubber, are predicted to contribute major share in the latex medical disposable market. In developing countries, latex gloves are mostly utilized; whereas the more innovative synthetic gloves are in huge demand in developed nations. Latex glove is way better in terms of protection than any synthetic gloves as the chances of leakage is much lower. The highly lubricant nature of latex gloves provide the ease of use, hence make it much preferred medical disposable gloves. The higher demand of latex gloves in healthcare is due to their comfort and better grip while performing surgery.

Although the latex gloves are gold standard for disposable medical gloves and approved worldwide, but its usage and preference is declining due to the allergies caused by the latex or the powder used in the latex gloves, which in turn poses some challenges on the growth of latex medical disposable products.

There are incidences of increasing number of urinary disorders, therefore the rising number of surgical intervention, which drive the latex urethral catheters market. Alternative treatment method of urinary incontinence provide challenges to the growth of latex medical disposables market. Due to the issues of allergies caused from latex products, currently the market of silicon latex catheters or silicon catheters is increasing surpassing the latex catheters market.

The hospital is predicted to dominate the latex medical disposable market due to the increasing number of surgical procedures and routine examination. As per the estimation of Centers for Disease Control and Prevention (CDC), the burden healthcare-associated infection is around 722,000 patients in U.S. only and 75,000 patients die each year due to the same. These statistics bring about a consciousness among public and the usage of hand gloves is increasing and therefore growth of latex gloves market. Increase in surgical procedures for treating urinary diseases is being witnessed and the major procedures are performed in hospitals followed by ASCs. Diagnostic centers will also witness significant growth over upcoming years due to increasing health awareness among public as this in turn augment the volume of routine examination and diagnostic procedures.

By geography, the global latex medical disposables market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Geographically, North America holds the major share of the global latex medical disposables market. The developed economy of this region and healthcare expenditure in R&D for production of new and innovative product boosts the growth of latex medical disposables market. Increasing adoption of new and advanced technologies and health consciousness among public drive European region to witness the rapid growth in demand for latex medical disposables. Rising health awareness among consumer and safety measurement followed are the major growth factors of latex medical disposables market. Clean hand initiatives taken by World Health Organizations (WHO) and Centers for Disease Control and Prevention (CDC) for the improvement of patient safety propels the growth in demand for latex medical disposables. The continuous evolution of medical gloves from multiple manufacturers around the world to meet the rising demands also contribute to the growth of the latex medical disposables market.

The increasing rate of urinary disorders along with rising trend of urinary bladder diseases fuel the growth of the latex medical disposable catheters. Asia Pacific is predicted to face rapid growth as it is the hub of natural rubber resources and on the account of strong government support.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Latex Medical Disposables market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Latex Medical Disposables market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Latex Medical Disposables market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Latex Medical Disposables market?
• Which is the largest regional market for Latex Medical Disposables market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Latex Medical Disposables market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Latex Medical Disposables market worldwide?