, March 06, 2018 ) The North America Latex Medical Disposables market
size was around USD 1.58 billion in 2017. It is expected to grow at a CAGR of 5% to reach USD 2.02 billion by 2022. It captures 35% of the global market.
Latex medical disposables like latex gloves are utilized for surgeries and check-ups. Their demand is high among doctors, surgeons, and dentists worldwide. Majorly, there are two types of latex gloves namely powdered and non-powdered. The non-powdered gloves are more in demand since the other ones hinder the healing process of patients.
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Latex allergies occurring by the continuous use of gloves is the primary restraint of the market. Furthermore, rising competition does not augur well for robust pricing. Therefore, sluggish growth in revenue might hinder market growth. But still, the impact of these restraints will be offset by the advent of novel technologies. The market is segmented by product and by end user. By product, the market is categorized into latex gloves, urine bags, latex, Foley catheters, latex probe covers, and others. By end user the market is categorized into ambulatory surgical centres, Hospitals, clinics, diagnostic centres, and others. Latex gloves have been the fastest growing segment. By revenue, this product category captured 60.4% of the market during 2015.
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This category might continue to hold the front position since these gloves are an easy and effective in protecting the hands of patients and doctors from infection. By end user, the hospitals category led the market in terms of revenue in 2015. The growing number of surgical procedures in hospitals, conjoined with set-up of new clinics and hospitals is attributable for the dominance of this category. The diagnostic centres category is likely to hold the second-most position over the aforementioned forecast period.
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By geography the market is segmented into US and Canada. North America is the market leader which commanded a 35% share of the market in 2016. The rising concerns regarding safety, increasing awareness regarding health and the spread of contagious diseases, and growing measures for preventing the spread of these diseases are few major factors propelling the market in North America. Key players in the market include B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Hartalega Holdings Bhd., Supermax Corporation Berhad, Dynarex Corporation, and Medtronic plc.
Latex Foley Catheters
Latex Probe Covers
Ambulatory Surgical Centers
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