The Global Saudi Arabia Medical Gloves Market report, published by Report Ocean, presents a comprehensive analysis of the product’s/service industry, examining both historical patterns and future prospects from 2023 to 2031. This report serves as a valuable reference for businesses seeking to formulate effective strategies for the coming years, offering insights into the performance of organizations and the overall market in the previous year.
Saudi Arabia Medical Gloves Market to Witness 9.4% CAGR During 2022-2028
The Saudi Arabia medical gloves market is growing at a high CAGR because of stringent government regulations regarding the use of hand sanitizers and other personal protective equipment to prevent the spread of any types of germs or diseases. Additionally, the increasing prevalence of various infectious and chronic diseases, along with the rising demand for invasive and non-invasive procedures are driving the markets growth
Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR440
A recent study conducted by the strategic consulting and market research firm Report Ocean revealed that the Saudi Arabia medical gloves market was worth USD 115.6 million in 2021. According to the study, the market is forecast to grow at a CAGR of 9.4%, with annual revenues projected to reach USD 216.4 million by the end of 2028. A major driving factor for Saudi Arabia medical gloves market is the stringent government regulations regarding the use of hand sanitizers and other personal protective equipment like masks and face shields to prevent cross-contamination between healthcare workers and patients. Furthermore, the increasing prevalence of various infectious and chronic diseases, along with the rising demand for invasive and non-invasive procedures, is anticipated to drive the demand for medical gloves during the forecast period. Nevertheless, a restraining factor might be the growing concern over nonbiodegradable gloves that cause medical waste. According to Ecomena, one of the leading sustainability advocates in the Middle East, Saudi Arabia generates more than 80 tons of healthcare waste every day.
Expanding Online Sales Channels Is Offering Lucrative Growth Opportunities to The Saudi Arabia Medical Gloves Market
The demand for medical gloves spiked worldwide after the COVID-19 pandemic outbreak, which created a huge demand and supply gap in various regions, including Saudi Arabia. As a result, medical gloves manufacturers and suppliers quickly resorted to online sales channels to increase the supply of medical gloves. In addition to online sales, the online channels are also used for other analytical purposes, such as tracking stocks, the demand for certain regions and hospitals, production capacity, and much more. These factors will likely contribute to new growth opportunities for the Saudi Arabia medical gloves market during the forecast period.
Increasing Establishment of Diagnostic Centers Anticipated to Drive Saudi Arabia Medical Gloves Market
Based on end-users, the Saudi Arabia medical gloves market is segmented into hospitals, clinics, ambulatory surgery centers, diagnostic centers, rehabilitation centers, and others. The hospital segment accounted for the largest market share in 2021 because of the growing demand for diagnostic tests of various infectious and chronic diseases. The demand for medical gloves also spiked in hospitals after the COVID-19 pandemic, since these are an essential part of the personal protective equipment used by doctors and healthcare workers to protect against the transmission of COVID-19. On the other hand, diagnostic centers in Saudi Arabia are anticipated to emerge as potential end-users for medical gloves during the forecast period as the government is establishing such facilities across the kingdom for COVID-19 diagnosis.
Saudi Arabia Medical Gloves Market – By Raw Materials
Based on raw materials, the Saudi Arabia medical gloves market is segmented into latex, nitrile rubber, vinyl rubber, polyisoprene, and others. Among these, vinyl rubber has the largest market share due to its low cost compared to other materials, making it suitable for mass application such as during COVID-19 pandemic outbreak. However, vinyl rubber is less durable than latex or nitrile. In contrast, the nitrile rubber segment is anticipated to emerge as the biggest market for medical gloves during the forecast period since it is highly durable, puncture-resistant as well as eliminates the risks of allergy reactions.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR440
Impact of COVID-19 on Saudi Arabia Medical Gloves Market
The sudden outbreak of the COVID-19 pandemic provided lucrative growth opportunities to the Saudi Arabia medical gloves market. The Saudi government was however, very prompt in handling the unprecedented COVID-19 situation. It initiated mass testing in phases to analyze the number of COVID-19 cases and virus spread in the country. As a result, the demand for medical gloves increased substantially across the kingdom, propelling the market growth. Furthermore, medical gloves manufacturers and suppliers in Saudi Arabia increased their production capacity and product penetration to ensure the availability of adequate resources to meet emergencies.
Market Overview
Market Size & Forecast by Value, 2018-2028
Market Size and Forecast, By Segment
By Product Type
Examination
Surgical
Chemotherapy
By Form
Powered
Powder-Free
By Usage
Disposable
Reusable
By Raw Material
Latex
Nitrile Rubber
Vinyl Rubber
Polyisoprene
Others
By End-User
Hospitals
Clinics
Ambulatory Surgery Centers
Diagnostic Centers
Rehabilitation Centers
Others
Saudi Arabia Medical Gloves Market – Competitive Landscape
The leading players in the Saudi Arabia medical gloves market are Saudi Disposable Hygienic Products Co. Ltd., Gracia Trading Est, Daw Trade Serve, Madar Rubber Factory, Islam Izzat, Health Ways Trading Est., INTCO Medical, Plasti Surge Industries, Sterimed Disposables, Medmeans Trading, and other prominent players.
The market is highly fragmented due to the presence of various multinational as well as regional medical gloves manufacturers and suppliers. With the surge in demand for medical gloves after the COVID-19 pandemic, new entrants are also gaining lucrative growth opportunities. The new entrants and established companies are both investing heavily in expanding their production capacities to increase their product penetration. Additionally, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
You Can Browse The Sample Report here:- https://reportocean.com/industry-verticals/sample-request?report_id=MR440
Some of the Key Questions Answered in this Report:
What are the key market trends and market dynamics?
Who are the major players in the market and what is their market share?
What is the competitive landscape like in the market?
What are the major drivers and restraints affecting the market?
What are the growth opportunities in the market?
What are the regional and local market conditions and consumer behavior?
What is the market size and growth forecast for different regions and countries?
What is the impact of government regulations and policies on the market?
Reasons to Buy:
Informed decision-making: Market research reports provide valuable insights into industry trends, customer behavior, and competitor analysis. This information can help businesses make informed decisions about product development, pricing, and marketing strategies.
Competitive advantage: By identifying market gaps and opportunities, market research reports can provide a competitive advantage that can help businesses differentiate themselves from their competitors and gain a larger share of the market.
Industry expertise: Market research reports are prepared by industry experts who have a deep understanding of the market and its dynamics. These reports provide an unbiased and objective view of the industry, which can be invaluable for businesses that want to gain a deeper understanding of the market.
Saves time and money: Conducting market research can be time-consuming and expensive. By purchasing a market research report, businesses can save time and money by accessing a comprehensive and detailed analysis of the market.
Risk management : Market research reports can help businesses manage risks associated with market entry, product development, and expansion. By providing a detailed analysis of the market and its trends, businesses can make informed decisions that minimize risks and maximize returns.
Request full Report– https://reportocean.com/industry-verticals/sample-request?report_id=MR440
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com