Market for Surgical Gloves in the US and EU (November 2019)

101 pages. The global market for surgical gloves in 2017 was estimated at USD1,212.7 million. The US and EU dominate the market with a combined share of 80%, with the US alone accounting for 50% share. Over 90% of the demand for surgical gloves in the US are served by imports. Similarly for the EU, the region is a large importer of surgical gloves as imported surgical gloves fulfilling more than 90% of the region's total demand for the gloves. The source of imports for both markets is mainly from Asia, with Malaysia being the second largest exporter of surgical gloves to the US and the largest to EU in 2018. The US market is likely to remain lucrative for the medical device exporters being the largest healthcare spender and with no signs of significant budgetary cut on future healthcare. Healthcare demand will also continue to grow in the EU with the rise in aging population which in turn leads to increasing demand for medical products. It was observed that major glove companies have invested in product innovation in a bid to stave off competition from peer glove manufacturers. Various new innovation and features have been introduced to the market over the years, yet the level of market acceptance and adoption varies. Therefore, a good understanding of the surgeons' needs and concerns are vital in identifying the white spaces for further innovation on surgical gloves. This report provides comprehensive information on the market for surgical gloves in the US and the EU. Information on the market size of surgical gloves, awareness and acceptance of surgical gloves innovation, distribution, and supply landscape, as well as procurement practices, is provided in the report. The report recommends market entry strategies for Malaysian surgical glove exporters and provides detailed information on potential buyers of surgical gloves in the US and EU. MREPC is confident that the information in this market report will assist Malaysian surgical glove manufacturers assess the market potential of both the US and EU markets as well as making decisions on product development areas.