by The India surgical gloves market consist of disposable gloves that are worn by all healthcare professionals, which provide protection against contaminants and infectious agents. Surgical gloves helps in maintaining hygiene and safety standards while conducting surgeries or any other medical examination.
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 key trends:
Several initiatives have been undertaken by both public and private organizations to educate healthcare workers as well as general public about the importance of personal protective equipment like surgical gloves. This has resulted in increased demand for gloves from hospitals as well as standalone medical clinics and centers. Furthermore, growing healthcare expenditure along with rising surgical procedures in the country is also contributing to the market growth over the forecast period. However, concerns regarding latex allergies continues to boost demand for non-latex surgical gloves segment.
SWOT Analysis
Strength: Surgical gloves in India have good demand as the healthcare industry is growing. Growing medical tourism and focus on preventive healthcare also boost market growth.
Weakness: Raw material prices are volatile which affects production cost. Imports are subject to taxes and duties.
Opportunity: Rising healthcare expenditure, increasing number of hospitals and surgical procedures drive market growth. Growing awareness about infection control presents new opportunities.
Threats: Competition from local manufacturers affects margins of established players. Stringent regulatory norms and certification requirements add compliance cost.
Key Takeaways
The Global India Surgical Gloves Market Size is expected to witness high growth over the forecast period driven by rapid expansion of the healthcare sector in the country. The market size for India surgical gloves stood at US$ 125.67 million in 2023 and is anticipated to reach US$ 212.5 million by 2030, expanding at a CAGR of 5.5% during 2023-2030.
The western region currently dominates the India surgical gloves market owing to presence of many private and corporate hospitals. States like Maharashtra, Gujarat, and Karnataka have emerged as major healthcare hubs in the country. However, northern and eastern parts of the country are expected to witness highest growth due to improving medical infrastructure and rising healthcare awareness.
Key players operating in the India surgical gloves market include Dow, Henkel, BASF, LORD Corporation, H.B. Fuller, Siltech Corporation, Qualcomm, Broadcom, Skyworks Solutions, and Qorvo. These players are focused on developing gloves with better elasticity and durability. They are also investing in capacity expansion to cater to growing demand from hospitals, clinics, and diagnostic centers across India.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
