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Analysis of the Asia-Pacific Disposable Gloves Market

  • July 2014
  • 170 pages
  • Frost & Sullivan
Report ID: 2267545

Summary

Table of Contents

Healthcare Sector and Rising Awareness and Compliance Levels Lead to Growth

The study analyses the Asia-Pacific disposable gloves market in terms of eight specific countries, and medical and non-medical applications. It describes the key market driving and restraining forces, distribution structure and market and country revenue and related trends. It also focuses on application specific revenue and material trends. Providing a snapshot for each country it goes onto discuss country-specific trends and market potential. It incorporates discussion on competitive structure of the market and highlights the key application areas and countries in terms of future growth potential. The study provides detailed insight into the key product segments and countries in terms of trends, revenues and forecasts.

Key Findings
-The Asia-Pacific disposable gloves market has witnessed consistent growth over the years due to rising demand for disposable gloves.
-The medical disposable gloves market is set to be the key contributor to the overall revenue of the market and is also as expected to experience the highest CAGR through the forecast period.
-Under medical disposable gloves applications, both surgical, as well as examination gloves are slated to experience high CAGRs.
-Industrial and food industry gloves are the main contributors in the non-medical disposable gloves market.
-Rising awareness regarding health and hygiene, increasing compliance levels, coupled with a positive economic outlook for the countries in the region, makes the Asia-Pacific a key market offering high growth prospects.
-Australia and Indonesia are key contributors of revenue to the APAC market. Australia, due to the prevalence of high compliance rates, holds the second highest revenue share of 32.6%. Indonesia, on the other hand, despite its lower compliance, holds the highest share of 34.4% due to the sheer size of its working population.
-The region is home to countries that are important disposable gloves manufacturing and exporting nations.
-The overall per capita consumption of disposable gloves is still very low, thus, offering a high growth potential for manufacturers.
-The market is highly price sensitive and is characterized by high competition.
-Increasingly, large contract manufacturers of gloves are starting to launch their own brands and selling directly in the market.
-Even distributors are sourcing directly from contract manufacturers and selling gloves under their own brand name, posing tougher competition for branded manufacturers.
-A major trend being witnessed in the market is the shift from natural rubber to synthetic, mainly nitrile gloves, which are generally more expensive than latex gloves.

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