South Korea Disposable Medical Gloves Market Size & Outlook
South Korea disposable medical gloves market, 2018-2030 (US$M)
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South Korea disposable medical gloves market highlights
- The South Korea disposable medical gloves market generated a revenue of USD 62.3 million in 2023 and is expected to reach USD 120.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, natural rubber was the largest revenue generating material in 2023.
- Nitrile is the most lucrative material segment registering the fastest growth during the forecast period.
Disposable medical gloves market data book summary
| Market revenue in 2023 | USD 62.3 million |
| Market revenue in 2030 | USD 120.2 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Natural rubber |
| Fastest growing segment | Nitrile |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, Other Material |
| Key market players worldwide | Ansell Ltd, Top Glove Corporation Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd, Kossan Rubber Industries Bhd, Cardinal Health Inc, Semperit AG Holding, RUBBEREX, Dynarex Corporation, B. Braun Medical |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global disposable medical gloves market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China disposable medical gloves market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 388.8 million by 2030.
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Disposable Medical Gloves Market Scope
Disposable Medical Gloves Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea disposable medical gloves market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to disposable medical gloves market will help companies and investors design strategic landscapes.
Natural rubber was the largest segment with a revenue share of 36.92% in 2023. Horizon Databook has segmented the South Korea disposable medical gloves market based on natural rubber, nitrile, vinyl, neoprene, polyethylene, other material covering the revenue growth of each sub-segment from 2018 to 2030.
The high geriatric population in South Korea is expected to increase the demand for medical gloves and other PPE as the number of hospital visits are likely to increase over the next few years. South Korea is among the top five leading countries for aesthetic/cosmetic surgeries on account of the availability of latest technology and inclination toward plastic surgeries.
Growing concerns regarding infectious diseases such as the Middle East Respiratory Syndrome (MERS) are expected to further drive investments in developing PPE with enhanced protection against virus contamination in healthcare facilities.
In addition, the Ministry of Health and Welfare (MOHW) is planning to build a central hospital that will focus on dealing with infectious diseases by 2022. Moreover, the country has made significant investments to improve its emergency preparedness capacities.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea disposable medical gloves market , including forecasts for subscribers. This country databook contains high-level insights into South Korea disposable medical gloves market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea disposable medical gloves market size, by material, 2018-2030 (US$M)
South Korea Disposable Medical Gloves Market Outlook Share, 2023 & 2030 (US$M)
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