Vietnam Medical Gloves Market to Grow With An Impressive CAGR until 2027
Growing
export demands are driving the growth of the Vietnam Medical Gloves Market, in
the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam Medical Gloves Market - By Region, Competition Forecast &
Opportunities, 2027” Vietnam
medical gloves market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of growing demand for medical gloves
from the practitioners as well as the patients. Sudden increase in the demand
for the personal protection equipment is actively driving the growth of the
Vietnam medical gloves market in the upcoming five years. Since the prevention
of transmissible infections in clinical practice settings is a high priority
due to rapidly increasing instances of infectious diseases. Pandemic caused due
to outbreak of COVID-19 has further led the growth of the Vietnam medical
gloves market in the next five years. Moreover, growing awareness about the
hygiene, and consequences of viral infection along with the increasing demand
for the better quality products are further supporting the growth of the
Vietnam medical gloves market in the future five years. Top Glove Corporation
Vietnam is the largest manufacturer and supplier of medical gloves and other
personal protection equipment that help enhance safety and reduce
contamination. Similar market players are also flooding the Vietnamese
healthcare industry. Although the healthcare industry may struggle in the
country due to lack of investments, personal protection equipment and medical
gloves like products have strengthened the industry and aided to the growth of
the market.
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The
Vietnam medical gloves market is segmented by type, product type, material
type, form, distribution channel, end user, competitional landscape, and
regional distribution. Based
on type, the market is further segmented into surgical and examination types of
medical gloves. Examination type of medical gloves may register fastest growth
in the upcoming five years and also hold largest revenue shares of the market,
thus dominating the market segment in the upcoming five years due to pandemic
conditions. Increase in the demand for medical gloves due to higher prevalence
of the infectious diseases, and thus increasing patient count, their
examination, and vaccination procedures all aid to the growth of the Vietnam
medical gloves market in the upcoming five years. Surgical gloves may register
significant growth on the account of increasing instances of surgical ventures
in the country. Increasing chronic diseases often require surgical process and
thus the growth in the demand.
Product type
market segment is differentiated between reusable and disposable medical
gloves. Disposable medical gloves may lead the market due to increased demand
for the hygiene and contamination free services. Concerns toward cross
contamination during surgeries or examination may aid to the growth of the
market. Moreover, increasing instances of infectious diseases also substantiate
the growth of the Vietnam medical gloves market in the future five years.
Distribution
channel market segment is fragmented into hospitals & clinics, medical
stores & pharmacies, online, and others. Hospitals & clinics are
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the grounds of higher demands from
the medical workers like doctors, nurses, examiners, physicians, etc. along
with patients and their care takers. Also, higher patient burden may surge the
demand and further aid the growth of the Vietnam medical gloves market in the
next five years.
A
partial list of major market players of the Vietnam medical gloves market includes
·
VRG Khai Hoan JSC
·
Top Glove Corporation Vietnam
·
Nam Viet Gloves Joint Stock Co.
·
Vietnam Joint Stock Company
·
Riverside Holdings Limited
·
White Glove Co., Ltd.
·
Nacol Industrial Co., Ltd.
·
Kotinochi JSC
·
Viet Glove Corporation
·
Chienmax Vietnam Co. Ltd
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“Hospitals & clinics are anticipated to hold the largest revenue
shares of the market due to increasing demand for the product with respect to
increasing surgical events. Moreover, recent COVID-19 pandemic further aided to
the growing demands for the medical gloves. The medical gloves are advised to
the healthcare professionals due to higher affinity of the viral infection and
high mortality rate of the viral infection has raised the demands for medical
gloves for practitioners as well as patients. Moreover, Vietnam has emerged as
a dominating market for the personal protection equipment that include face
masks and medical gloves. Availability of the resources, and cheap labor are
also driving the Vietnam medical gloves market growth,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Vietnam
Medical Gloves Market By Type (Surgical v/s Examination), By Product Type
(Reusable v/s Disposable), By Material Type (Natural Rubber, Nitrile,
Polyisoprene, Neoprene, Others), By Form (Powdered v/s Non-Powdered), By
Distribution Channel (Hospitals & Clinics, Medical Stores & Pharmacies,
Online, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers,
Home Healthcare, Others), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of Vietnam medical gloves market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Vietnam medical gloves market.
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