by Surgical gloves are indispensable medical devices used during surgical procedures to avoid cross-contamination between healthcare personnel and patients. Different types of surgical gloves are manufactured using various polymers including latex, nitrile rubber, vinyl and neoprene. Surgical gloves find widespread application across hospitals, clinics, diagnostic centers and other healthcare facilities. The rising prevalence of chronic and infectious diseases has augmented the number of surgical procedures performed annually, thereby driving the demand for surgical gloves in India. Additionally, increasing healthcare expenditure by both public and private players is expected to boost several hospital infrastructure projects in the country.
The global India Surgical Gloves Market is estimated to be valued at US$ 125.67 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising healthcare expenditure in India as well as increasing number of surgical procedures are expected to propel the demand for surgical gloves over the forecast period. As per data released by government of India, the healthcare expenditure in India is projected to increase at a CAGR of 20% over the next five years to reach US$ 372 billion by 2025. Both public as well as private hospitals in the country are undertaking aggressive expansion plans which includes setting up new healthcare facilities as well as upgradation of existing infrastructure. This is likely to generate significant demand for surgical gloves from 2023 to 2030. Additionally, growth in the number of hospitals and surgical centers would also foster the market growth. According to India Brand Equity Foundation, India had around 730 medical colleges and around 600 cancer hospitals in 2021. Such robust healthcare infrastructure growth promotes widespread availability and accessibility of healthcare services among India population. This in turn is anticipated to drive the India surgical gloves market during the forecast period.
Segment Analysis
The India surgical gloves market is dominated by the nitrile sub-segment, which accounts for over 70% share due to its superior strength, puncture resistance, and durability compared to latex and vinyl gloves. It offers robust protection against chemicals and has better elasticity than latex, making it a preferred choice among medical professionals and increasing its demand.
PEST Analysis
Political: The imposition of medical device regulation in 2017 by Government of India focuses on increasing quality and standards for medical devices including surgical gloves. This will boost domestic manufacturing.
Economic: Rising healthcare spending in India, growing number of surgical procedures, and increasing awareness about healthcare-associated infections are fueling the demand for disposable surgical gloves from hospitals and clinics.
Social: Changing lifestyles, growing health consciousness, rising income levels, and expanding medical tourism industry are propelling the growth of the India surgical gloves market.
Technological: Manufacturers are investing in advanced technologies like dipping automation to improve production efficiency and ensure product consistency and quality. Some players are also exploring eco-friendly raw material alternatives to natural latex gloves.
Key Takeaways
India Surgical Gloves Market Size is expected to witness high growth at a CAGR of 5.5% during the forecast period of 2023 to 2030. The northeastern region represents the fastest growing regional market due to improving healthcare infrastructure and increasing penetration of private players.
Regional analysis
The southern region currently dominates India’s surgical gloves market owing to well-established healthcare facilities and significant patient pool in states like Karnataka, Tamil Nadu and Kerala. However, the northeastern region is emerging as an important market due to initiatives of the government to enhance healthcare access in remote areas. Private sector investments and expansion of healthcare services by corporate hospitals are also boosting the demand for surgical gloves from the northeast region.
Key players
Key players operating in the India surgical gloves market are Dow, Henkel, BASF, Lord Corporation, H.B. Fuller,and Qualcomm. Demand for their nitrile and latex gloves is increasing from both public and private hospitals across India.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
