May 26, 2024
India Surgical Gloves Market

India Surgical Gloves Market is Estimated to Witness High Growth Owing to Growing Healthcare Expenditure

The India surgical gloves market is primarily driven by the growing awareness regarding health and hygiene, rapid increase in the number of surgeries performed, and rising incidences of Hospital Acquired Infections (HAIs). Surgical gloves are disposable gloves used during medical examinations and procedures to help prevent cross-contamination between healthcare professionals, patients, equipment, and surfaces. They come powdered or unpowered and are manufactured using different polymers including latex, nitrile, vinyl and neoprene. Surgical gloves are widely used in hospitals, surgery/operating rooms, clinics, and other medical facilities.

The Global India surgical gloves market is estimated to be valued at US$ 144.78 Mn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the India surgical gloves market are ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Tata Steel, Baowu Group (China Baowu, Steel Group Corp.), JFE Steel Corporation, JSW Steel, United States Steel Corporation (U.S. Steel), Shagang Group, Ansteel Group. These leading players are focusing on increasing their production capacities and capabilities to cater to the growing demand.

There is a significant rise in demand for affordable and high-quality India Surgical Gloves Market Size from public as well as private healthcare facilities across India. Market players should tap into this opportunity by enhancing product quality and lowering product costs through economies of scale and efficient distribution networks.

The surgical gloves market in India is projected to witness significant growth attributed to increasing healthcare expenditure, rising awareness about infection control, and expansion of private healthcare sector. Market players must expand their footprint in rural and tier 2/3 cities through partnerships with local distributors.

Market Drivers

One of the key drivers for the India Surgical Gloves Market is the rapid increase in healthcare expenditure. According to government estimates, India’s annual healthcare spending is projected to increase to USD 372 billion by 2022 from USD 100 billion in 2018, thereby driving the demand for surgical gloves from hospitals and clinics.

PEST Analysis

Political: The Indian government has laid down stringent quality standards and regulations for surgical gloves to ensure patient safety. Manufacturers must comply with these norms.

Economic: The rising incidence of diseases such as cancer and cardiovascular diseases is driving the demand for surgical procedures in India. This is positively impacting the surgical gloves market.

Social: Growing awareness among patients about hygiene and safety during surgical procedures has increased the adoption of disposable gloves by healthcare professionals.

Technological: Manufacturers are investing in advanced polymer processing technologies to develop thinner yet stronger gloves with better tactile sensitivity and resistance to chemicals. Some are incorporating antimicrobial properties.

Geographical regions with high market concentration

North and West India account for a major share of the surgical gloves market in terms of value. States such as Maharashtra, Delhi, Gujarat have a large number of healthcare facilities performing various surgeries throughout the year. The growing private healthcare sector along with rising medical tourism is boosting demand in these regions.

Fastest growing region

Southern India, especially Karnataka, Tamil Nadu and Andhra Pradesh are emerging as high growth markets for surgical gloves. With improving healthcare infrastructure and a focus on non-metro locations, the number of surgeries performed in these states is rising rapidly. Rising income levels are also increasing medical demand, propelling the surgical gloves market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it