The size of the Europe Latex Medical Disposables market was around USD 1.06 billion in 2022. It is expected to grow at a CAGR of 5.1% to reach USD 1.36 billion by 2027. It captures 30% of the global market.
The increasing frequency of urological problems and the high rate of adoption of latex nitrile disposable gloves among surgeons, doctors, dentists, and other professionals are the primary drivers driving the growth of the European latex medical disposables market. In addition, the expanding number of elderly patients and the rising frequency of chronic diseases in all patients, regardless of age, are also driving the market forward. Other factors driving the growth of the latex medical disposables market include an increase in the number of surgeries performed, an increase in people's worries about hygiene and cleanliness, and the steady entrance of improved goods into the market.
The leading companies in the latex medical disposables market are constantly working to boost market growth by developing innovative products and techniques and forming strategic partnerships, all likely to create multiple growth opportunities for stakeholders, dealers, and other key players in the latex medical disposables market. Increased acceptance of latex urine bags by patients and the rising frequency of various chronic diseases are likely to enhance demand for latex medical disposable items such as Foley catheters, which are used in surgeries performed on patients diagnosed with chronic kidney disease. In addition, expanding healthcare and improving healthcare infrastructure in emerging countries certainly create new opportunities for market players in those countries.
The adverse effects connected with the use of latex-like skin irritation and allergy are the key restrictions that the latex medical disposables market is facing in Europe. In addition, the rising number of people with latex allergies is prompting medical organizations to explore non-latex alternatives, which is likely to impede the growth of the latex medical disposables market throughout the forecast period. Another essential difficulty for market participants is to minimize product costs and profit margins to compete with rivals, particularly in regional markets. These factors are restraining the Europe Latex Medical Disposables market during the forecast period.
This research report on the European latex medical disposables market has been segmented and sub-segmented into the following categories.
By Product Type:
By End User:
Geographically, Europe is forecasted to account for a significant share in the global market during the forecast period. Rising safety concerns, more knowledge of health and the transmission of contagious diseases, and increased steps to prevent the spread of these diseases are only a few of the primary reasons driving the European market. As a result, the government and regulatory agencies are working to stop the disease from spreading further. Likewise, many businesses are ramping up production in response to the unexpected surge in demand. In addition, due to well-established healthcare infrastructure, increased adoption rates of modern technologies, and growing awareness of the impacts of cross-contamination and infection control measures in healthcare facilities.
The UK is expected to dominate the European Latex Medical Disposables market during the forecast period. This is because latex medical gloves are becoming more popular as the frequency of hospital visits rises. The frequency of visits to the accident and emergency department (A&E) in England, for example, has steadily climbed over time. The attendance climbed from 59,396 in 2013 to 70,230 in 2019, according to the National Health Service's 2020 report.
Behind the United Kingdom, Germany has the largest market share in Europe for Latex Medical Disposables. Technological advancements in the healthcare industry fuel the German market's growth. Key market players are investing in innovative technologies and developing new products that will aid in the reduction of infections and hazards, which will assist in growing demand in this market.
KEY MARKET PLAYERS:
Companies playing an influential role in the European latex medical disposables market profiled in this report are B. Braun Melsungen, C.R. Bard, Ansell, Top Glove Corporation, Hartalega Holdings Bhd., Supermax Corporation Berhad, Dynarex Corporation, and Medtronic plc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product type
5.1.2 Latex Gloves
5.1.3 Latex Foley Catheters
5.1.4 Latex Probe Covers
5.1.5 Urine Bags
5.1.7 Y-o-Y Growth Analysis, By Product type
5.1.8 Market Attractiveness Analysis, By Product type
5.1.9 Market Share Analysis, By Product type
5.2 End User
5.2.3 Ambulatory Surgical Centers
5.2.5 Diagnostic Centers
5.2.7 Y-o-Y Growth Analysis, By End User
5.2.8 Market Attractiveness Analysis, By End User
5.2.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product type
126.96.36.199 By End User
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product type
220.127.116.11 By End User
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Product type
126.96.36.199 By End User
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Hartalega Holdings Bhd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Supermax Corporation Berhad
8.3 B. Braun Melsungen
8.4 C.R. Bard
8.6 Top Glove Corporation
8.7 Dynarex Corporation
8.8 Medtronic plc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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