Research Methodology on Medical Gloves Market
Abstract
This research report aims to analyze the current market situation of medical gloves and its growth prospects over the forecasted period of 2023-2030. To meet this objective, a comprehensive research methodology is consuming a combination of primary and secondary research. The study covers an in-depth analysis of the key market players and their strategies to capitalize on the market potential. Additionally, Porter’s Five Forces Analysis is used to identify the major importance of each factor that can influence the market's key players. The research methodology further believes that the opinions of market experts and interviews with key players are also taken into consideration. The study culminated with opportunities, threats, and drivers being discussed in the context of regional and global market dynamics.
Introduction
The global Medical Gloves Market is predicted to have an impressive CAGR during the forecast period of 2023 to 2030. The market is being driven by the rising prevalence of infectious diseases, increasing awareness about sanitation and hygiene in healthcare settings and the increasing number of surgeries being performed worldwide. A large number of orthopaedic and cardiovascular surgeries being performed in developed countries is also adding to the demand for medical gloves. In addition, the rising demand for disposable gloves from paramedics, hospital workers and other healthcare professionals is spurring the growth of this market. Furthermore, the increasing market penetration of artificial intelligence (AI) and automation technologies is also driving the growth of the market.
Research Methodology
The research was conducted using a combination of primary and secondary research sources. The primary research activities involve extensive literature reviews, key market players’ interviews, and surveys with industry experts to gain informed points of view and valuable insights into the global medical gloves market. In the secondary research part, various sources such as journals, reports and online research platforms such as Google Scholar, World Health Organisation (WHO), and other existing research repositories were consulted for data collection. These sources provided market-related data such as the historical size of the market and the current market trends. This data has been further consolidated and analyzed to get a clear understanding of the current state of the market.
Furthermore, to understand the market dynamics and current trends, Porter’s Five Forces Analysis was used. It is a framework used to analyze the competitive intensity and attractiveness of a market. It helps in understanding the level of competition in the market and key participants’ bargaining power, supplier and buyer power, and the threat of substitution and new entrants. Other than this, market drivers, opportunities and threats influencing the growth of the market were also studied.
To understand the market performance, regional and global market aspects were studied. The regional analysis was broken down into major economic regions namely North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This regional analysis was conducted to find out the dominating region of the global medical gloves market.
Data Validation
The collected information is validated with the help of the SWOT analysis. This is done to assess the credibility of the sources through a detailed quality check and triangulation. Based on the analytical triangulation, the collected information is reviewed and its accuracy is confirmed. Also, the collected data is analyzed through bottom-up and top-down approaches to determine the market value.
Results
The primary and secondary research activities undertaken as a part of this study gave insight into the global medical gloves market. Interviews with market experts helped in understanding the market dynamics and viewpoints of market participants. The market is segmented based on product type, application and region. The market’s product type segment included disposable, supported, and supported and powder-free gloves. The market’s application type was divided into medical use, industrial use, and others. Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.
Conclusion
This comprehensive research approach has led to an understanding that the demand for medical gloves is expanding due to the rising prevalence of infectious diseases, the increasing surgeries being performed, the rising awareness about sanitation and hygiene in healthcare settings, and the increasing penetration of artificial intelligence (AI) and automation technologies. Based on the region, the North American region is likely to dominate the global medical gloves market due to the presence of many established players, higher incidence of chronic, and infectious diseases and the availability of advanced healthcare infrastructure.
