Market Size of Latex Medical Disposables Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Latex Medical Disposables Market Analysis
The latex medical disposables market is projected to register a CAGR of 5.1% during the forecast period.
COVID-19 impacted the latex medical disposables market owing to the high demand for medical disposables used to prevent the transmission of SARS-CoV-2 infection in hospitals as well as homes. There was increased production and supply of latex medical disposables during the pandemic. For instance, according to the study published in August 2021 by the National Center for Biotechnology Information (NCBI), 11.3% of patients with COVID-19 in 314 United Kingdom hospitals became infected after hospital admission. Thus, to prevent such HAIs, the use of latex medical disposable gloves was highly recommended. Currently, the market growth has slightly seized since the COVID-19 cases declined. The market is expected to face competition in the forecast period due to the adoption of advanced alternatives, such as nitrile gloves and silicone catheters, over latex medical disposable products.
Surgical site infections (SSIs) are one of the major attributable factors of healthcare-associated infections (HAIs) and awareness regarding SSIs can reduce the hospital stay, morbidity, and mortality associated with SSIs. For instance, according to the article published in the Saudi Journal of Medicine & Medical Sciences in August 2022, when a multi-center cross-sectional study was conducted among adult patients (aged over 18 years) who underwent surgery at six centers located across the five regions of Saudi Arabia, 45.8% of the surveyed population had a fair knowledge about SSIs among which nearly 42% gained knowledge about SSIs from sources outside the hospital, and internet/social media platforms accounted for 48.4% of such sources. Therefore, fair awareness about such infections increases the demand for latex medical disposables used in hospitals as well as at homes.
Furthermore, as reusable medical devices are used for multiple patients, there are chances of inadequate cleaning of the devices, increasing the risk of infection by many folds. For instance, an FDA article updated in April 2022 reported that inadequate cleaning between patient uses can result in the retention of blood, tissue, and other biological debris (soil) in certain types of reusable medical devices, such as endoscopes. This debris can allow microbes to survive the subsequent disinfection or sterilization process, which may then lead to healthcare-associated infections (HAIs). Hence, it is advisable to use disposable gloves in hospitals and clinics while using any medical device or during surgical procedures to reduce the risk of transmission of bacteria and viruses to patients, thereby propelling the utility of latex medical disposable gloves.
The strategic initiatives by market players, such as product launch, approval, and partnership, are also contributing to the growth of the market. For instance, in November 2021, Cathetrix, a developer of urinary (Foley) smart catheter fixations, presented its new catheter stabilizer, Foley/Safe 2.0, to prevent UTIs and accidental Foley catheter extractions at MEDICA 2021. Foley/Safe 2.0 prevents catheter dislodgement and movement, reducing the risk of catheter-associated urinary tract infection (UTI), and provides two-layer protection securement to patients with Foley catheters, latex, and silicone. The company is planning to launch commercially at the Arab Health 2023, which will likely be held in Dubai, UAE, in January - February 2023. Therefore, the expected product launch is projected to contribute to the growth of the market during the forecast period.
Therefore, owing to the aforementioned factors, such as the high burden of HAIs and rising product launches by market players, the studied market is anticipated to witness growth over the analysis period. However, latex allergy in people is likely to impede the market growth.
Latex Medical Disposables Industry Segmentation
As per the scope of this report, latex medical disposables are products widely used in hospitals or medical fields for the prevention of infections and safety measures to meet medical standards. Latex medical disposables are important to lower the risk of cross-contamination and infections, which is the primary aim of healthcare professionals and governments.
The Latex Medical Disposables Market is Segmented by Product (Latex Gloves, Latex Foley Catheters, Latex Probe Covers, Urine Bags, and Other Products), End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Product | |
Latex Gloves | |
Latex Foley Catheters | |
Latex Probe Covers | |
Urine Bags | |
Other Products |
By End User | |
Hospitals | |
Diagnostic Centers | |
Ambulatory Surgical Centers | |
Other End Users |
Geography | ||||||||
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Latex Medical Disposables Market Size Summary
The latex medical disposables market is experiencing a steady growth trajectory, driven by the increasing demand for medical disposables to prevent healthcare-associated infections (HAIs). The COVID-19 pandemic significantly boosted the market due to the heightened need for protective equipment like latex gloves to curb the virus's spread in healthcare settings. However, as the pandemic's impact wanes, the market faces challenges from the adoption of advanced alternatives such as nitrile gloves and silicone catheters. Despite these challenges, the market is expected to grow, supported by strategic initiatives from key players, including product launches and partnerships, which aim to enhance product offerings and expand market reach. The hospital segment is anticipated to maintain a significant share, fueled by the rising incidence of chronic diseases and the need for surgical procedures, which necessitate the use of latex medical disposables.
Regionally, North America is projected to hold a substantial market share, attributed to the high prevalence of chronic diseases, well-established healthcare infrastructure, and a concentration of market players. The demand for latex medical disposables is further bolstered by the need for protective equipment in cancer screenings and cardiovascular surgeries. The market is characterized by fragmentation, with numerous international and local players competing for market share. However, international players tend to dominate due to their established brand identity and product reliability. Key market participants include ANSELL LTD, B Braun SE, Becton, Dickinson and Company, Thermo Fisher Scientific Inc., and Top Glove Corporation Bhd, all of which are actively engaged in expanding their product portfolios and geographical presence to capitalize on the growing demand for latex medical disposables.
Latex Medical Disposables Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Awareness about Healthcare Acquired Infection
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1.2.2 Increasing Prevalence of Chronic Diseases Leading to Longer Hospital Admissions
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1.3 Market Restraints
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1.3.1 Latex Allergy in People
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Latex Gloves
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2.1.2 Latex Foley Catheters
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2.1.3 Latex Probe Covers
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2.1.4 Urine Bags
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2.1.5 Other Products
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Diagnostic Centers
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2.2.3 Ambulatory Surgical Centers
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2.2.4 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Latex Medical Disposables Market Size FAQs
What is the current Latex Medical Disposables Market size?
The Latex Medical Disposables Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Latex Medical Disposables Market?
ANSELL LTD, Top Glove Corporation Bhd , Becton, Dickinson and Company , Thermo Fisher Scientific Inc. and B Braun SE are the major companies operating in the Latex Medical Disposables Market.