Japan’s PPE Glove Market to Sustain Solid Growth This Decade

With demand for PPE remaining steady over the next eight years, Japan’s PPE glove market should experience solid growth through 2030. 

The healthcare sector in Japan has been growing significantly over the past few years. Backed by the increasing number of surgical and nonsurgical procedures in the country, along with the rise in the number of healthcare institutions, the demand for personal protection equipment like gloves is expected to increase, and in turn, drive the market growth, according to Kenneth Research. The Japan PPE gloves market was worth $1.94 billion in 2020 and is to reach $3.49 billion by the end of 2030, growing 6.44 percent annually.

According to the statistics by the Ministry of Health, Labour and Welfare of Japan, the total number of medical institutions per 100,000 population in the country increased from 173,200 institutions in 2005 (Heisei 17) to 179,416 institutions in 2019 (Reiwa 1). On the other hand, according to the statistics by the International Society of Aesthetic Plastic Surgery (ISAPS), the total number of surgical and nonsurgical procedures in Japan in the year 2019 was 249,543 procedures and 1,223,678 procedures respectively.
 
The market growth can be attributed to the growing number of operating business establishments in the nation (about 910 million in 2019) and the rise in the number of industrial accidents. According to the statistics by the Japan Industrial Safety & Health Association (JISHA), there were 802 fatal accidents in 2020 across all industries. Out of these, the number of manufacturing-related fatal accidents was 136. The use of PPE gloves by industrial workers helps to eliminate several injuries and accidents. As a result, these gloves are widely being preferred by industrial workers, backed by the surge in the focus of the government of the country in adopting stringent safety norms for these workers. Besides this, the growing cases of coronavirus, which according to the World Health Organization (WHO), reached 1,727,221 confirmed cases as of Nov. 30, 2021, and the rising need for safety kits amongst the healthcare workers so as to help them perform their duties and prevent the spread of the virus, is also projected to boost the market growth.
 
The Japan PPE gloves market is segmented by region into Hokkaido, Tohuko, Kanto, Chubu, Kinki, Chugoku, Shikoku, and Kyushu. Amongst the market in these regions, the Kanto market generated the largest revenue ($755.56 million) in 2020 and is expected to reach $1.4 billion by the end of 2030. Moreover, the market in the region is also projected to have the highest annual growth (6.77 percent) over the next eight years. The Kinki market is forecast to have the second-largest revenue of $632.05 million by the end of 2030, up from $347.67 million in 2020.
 
The Japan PPE gloves market is further segmented by material into latex, nitrile, neoprene, Kevlar, leather, vinyl, and others. Amongst these segments, the nitrile segment registered the largest revenue ($857.44 million) in 2020 and is forecast to reach $1.56 billion by the end of 2030. In Kanto, the segment registered the largest revenue ($333.96 million) in 2020 and is expected to reach $625.92 million by the end of 2030. Moreover, in Kinki, the segment is expected to generate the largest revenue ($281.89 million) by the end of 2030, up from $152.98 million in 2020.
 
The Japan PPE gloves market is also segmented on the basis of end-user industry into chemical, healthcare, food and beverage, oil and gas, construction, automotive, and others. Amongst these segments, the healthcare segment registered the largest revenue of $662.79 million in 2020 and is expected to reach $1.23 billion by the end of 2030. In Kanto, the segment is forecast to reach $491.5 million by the end of 2030, up from $256.13 million in 2020. In Kinki, the segment is expected to garner $227.54 million by the end of 2030, up from $120.64 million in 2020.