The size of the North America Latex Medical Disposables market is predicted to be worth USD 1.97 billion by 2028 and USD 1.54 billion in 2023, growing at a CAGR of 5% during the forecast period. It captures 35% of the global market.
The Rising prevalence of lifestyle-associated and other chronic diseases and a growing number of baby boomers are driving the market growth in North America. Also, Limiting the risk of infection and cross-contamination is one of the primary goals of healthcare professionals and governments in North America. In addition, one of the key drivers in the region is the growing elderly population. The increasing elderly population and growing patient awareness of infection prevention control standards are two significant reasons driving the latex medical disposables market.
In addition, the rising number of hospital admissions and the increasing frequency of healthcare-associated infections are driving market expansion. According to the Massachusetts Health & Hospital Association, over 7 million people die each year from healthcare-associated diseases, fuelling the market's growth. Furthermore, most medical disposable product producers use high-quality latex disposables due to sustainable material, process, and design innovation, resulting in functional product engineering and design. According to the World Health Organization, chronic disease is the most significant cause of death and disability in the United States, accounting for USD 3.5 trillion in annual healthcare spending.
Furthermore, certain chemotherapy medicines are highly hazardous to handle with your bare hands. As a result, medical practitioners have been increasingly using double latex gloving to decrease the chance of failure due to wear and strain. Additionally, technical progress has led to the development of supporting utilities made of high-quality polymer. Such factors are likely to increase demand for the category.
Moreover, in developed nations such as the United States and Canada, government-enforced obligatory requirements to improve the quality of patient care are projected to boost the penetration of latex medical disposables in the near future. Furthermore, according to World Health Organization figures from 2018, there were an estimated 18.1 million new cancer cases worldwide in 2018, and this number is anticipated to rise throughout the projection period. This aspect is likely to boost the market growth in North America and raise demand for associated operations.
However, the side effects associated with the application of latex-like skin irritation and allergies are the significant restraints facing the latex medical disposables market. In addition, the rising number of people with latex allergies is driving medical organizations to search for non-latex goods, which will restrict the growth of the latex medical disposables market throughout the forecast period.
This research report on the North America latex medical disposables market has been segmented and sub-segmented into the following categories:
By Product Type:
By End User:
By Country:
The North American market was geographically the market leader that commanded a 35% share of the global market in 2022. The rising concerns regarding safety, increasing awareness regarding health and the spread of contagious diseases, and growing measures for preventing these diseases are significant factors propelling the market in North America.
Due to rising concerns about safety during medical operations and increased steps to avoid infectious illnesses. The need for latex nitrile disposable gloves increases each year as the number of operations performed in the region rises, propelling the latex medical disposables market. The other factors such as increasing numbers of surgeries, growing prevalence of urological disorders, and increasing prevalence of chronic disease are amongst the significant factor projected to propel the growth of the Latex Medical Disposables Market. The major market players such as the United Kingdom and Canada contribute to the North American regional market growth. However, the United States dominated the Latex Medical Disposables Market and anticipated witnessing the most prominent market share. Availability of advanced healthcare services and developed healthcare infrastructure are majorly propelling the market growth in the country.
KEY MARKET PLAYERS:
A few notable companies operating in the North American 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.
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