The disposable surgical gloves market analysis explains market drivers such as the increased investment for medical consumables and devices and growing consumption and distribution of disposable surgical gloves. Further, the rising medical tourism is expected to introduce new trends in the market during 2022–2030. Based on type, the nitrile gloves segment accounted for a larger share in 2022. Based on sterility, the sterile gloves segment dominated the market by accounting maximum share in 2022. By form, powder-free segment accounted a larger share in 2022. By distribution channel, the offline segment accounted the largest share in 2022. In terms of end user, the hospital segment is likely to account for a considerable share of the disposable surgical gloves market during the forecast period.
Disposable surgical gloves act as a protective barrier to prevent the possible transmission of diseases between healthcare professionals and patients during surgical procedures. Also, while performing medical examinations, disposable surgical gloves prevent contamination between caregivers and patients, and these gloves are used during procedures that do not require sterile conditions. Also, disposable surgical gloves can protect the wearer from harmful chemicals and pharmaceuticals.
Many studies have shown a significant rise in budgets and no restrictions on procedure volume. According to a study published by Global Health Intelligence (GHI) in March 2022, ~75% of hospitals in Latin America have not restricted the number of procedures and increased their budgets to import medical supplies and consumables. Among the countries in Latin America, Brazil has reported that more than a quarter of hospitals have increased the use of consumables. The study by GHI also reported that the third quarter of 2022 reported lower growth rates in consumables; however, there was a rise in consumables inventory. In addition, the countries showed an increased trend in consumption of consumables.
Similarly, the MedTech Outlook: Latin America 2023 report presented vital information of over 1,500 key facts that aim to market and sell medical devices to Latin America. Thus, the factors mentioned above have significantly contributed to the growth of the disposable surgical gloves market in Latin America. Moreover, the increase in investments in medical equipment by the key countries in the region has widely led to the growth of the market. For instance, during 2020–2021, Brazil was among the largest capital investors for medical infrastructure and devices. During 2020–2021, Mexico increased its investments in the medical sector and, in 2022, started purchasing and improving healthcare infrastructure. Likewise, Colombia, Chile, and Argentina adopted the same strategies. Argentina increased its investments in 2021 by 8.7% during the COVID-19 pandemic, and it was 11% in 2022. Also, the countries in the region are the largest importers of medical consumables. Thus, the investments to increase medical infrastructure have led to increased import of medical consumables, including disposable surgical gloves.
Likewise, Chile is experiencing significant growth in the number of hospitals, which is expected to drive the demand for disposable surgical gloves. Compared to hospitals in Latin America, with an average of 46 beds per hospital, Chile’s hospitals are compared to the hospitals in the US. Chile is the only country in Latin America with 120–140 beds per hospital. The increasing number of hospital beds is expected to propel the number of surgical procedures, which drives the market growth. Thus, considering the hospitals' size in Latin American countries, the demand for disposable surgical gloves as a consumable has boomed, leading to market growth.
Latin America is among the fastest-growing regions for the medical industry. The growing medical tourism, increasing investments for developing healthcare infrastructure, and growing number of hospitals and clinics are leading to the demand for medical consumables, including disposable surgical gloves. According to the Pacific Prime Latin America article published in July 2023, Latin America has over 19,000 hospitals. Brazil is the leading country in the region, surpassing the number of hospitals in the US; in 2023, the country had a count of 6,642 hospitals. The medical industry has drastically transformed and adopted minimally invasive surgeries in recent years. Countries such as Brazil, Mexico, Costa Rica, Argentina, Colombia, and Panama have well-established medical tourism in Latin America, offering medical care at cheaper rates under medical tourism plans. Brazil is well-known for aesthetic and cosmetic procedures, and Mexico is well-known for surgical procedures. The countries have attracted the maximum number of patients from the US and Canada, as Latin American countries offer more convenience and have improved medical capabilities. The Pacific Prime Latin America article published in July 2023 also revealed that medical procedures in Mexico and Costa Rica could save up to 36–89% and 44–89%, respectively, to the patients compared to the costs in the US.
Similarly, countries such as Chile, Peru, Cuba, and the Caribbean Islands are witnessing noticeable growth in their medical tourism. The growing medical tourism trend in Latin America is expected to be similar in the coming years. It will likely boost demand for disposable surgical gloves, leading to market growth. Moreover, the COVID-19 pandemic has widely helped change the healthcare landscape in the region; it has evolved the medical industry and is expected to show significant growth in the future.
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LATAM & Caribbean Disposable Surgical Gloves Market: Strategic Insights
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 194.21 Million |
| Market Size by 2030 | US$ 291.32 Million |
| Global CAGR (2022 - 2030) | 5.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | LATAM and Caribbean
|
| Market leaders and key company profiles |
The List of Companies - LATAM & Caribbean Disposable Surgical Gloves Market
Increased investment for medical consumables and devices and growing consumption and distribution of disposable surgical gloves are driving the growth of the LATAM & Caribbean disposable surgical gloves market.
The LATAM & Caribbean disposable surgical gloves market is segmented on the basis of type,distribution channel, form, and end user. The market is segmented based on type, nitrile gloves, latex gloves, vinyl gloves, neoprene gloves, natural rubber, polyisoprene, and others. On the basis of form, the market is classified into powder and powder-free. Whereas based on end users, the market is segmented into hospital, veterinary, dental, others. By distribution channel, the market is classified into online and offline.
The LATAM & Caribbean disposable surgical gloves market was analyzed based on countries such as Brazil, Argentina, Cuba, Dominican Republic, Haiti, Peurto Rico, Rest of LATAM, and Rest of Carribean. Brazil is estimated to be the largest among the above-listed countries.
Answer: - Companies operating in the market are Owens & Minor Inc, HARPS Holdings Bhd, Top Glove Corp Bhd, Ansell Ltd, B Braun SE, Cardinal Health Inc, Ametro SaRL, Bahamas Medical & Surgical Supplies Ltd, Lighthouse Medical Supplies Ltd, and Hextar Healthcare Bhd.