Surgical gloves are commonly used during medical examinations and procedures to avoid cross-contamination between healthcare workers, patients, and equipment. These gloves are usually made from natural rubber latex or synthetic materials to provide an effective barrier against infections and other diseases. Some key product segments in the India surgical gloves market include sterile and non-sterile gloves. The sterile gloves are designed especially for surgical procedures and can withstand sterilization by gamma rays without breaking. The non-sterile examination gloves are used for general examinations, sample collections, and low-risk tasks. Main end-users of surgical gloves include hospitals, clinics, ambulatory surgery centers, diagnostic laboratories, and others. With rising chronic disease prevalence, growing medical tourism industry, and government initiatives to modernize healthcare infrastructure in India, the demand for surgical gloves is expected to increase significantly over the coming years.
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 income levels and awareness are expected to boost healthcare spending significantly. Additionally, government schemes such as Ayushman Bharat focused on reducing patient’s out-of-pocket expenses will accelerate access to healthcare services. This will translate into greater demand for surgical gloves from hospitals and clinics. Another key driver is the growing medical tourism industry in India. Low cost of treatment along with availability of cutting-edge technology and world-class quality has made the country a popular medical tourism hub. In 2020, medical tourism accounted for US$ 9 billion in revenue and this segment is estimated to reach US$ 13 billion by 2023. Greater medical procedures carried out will support usage of disposable surgical gloves.
Segment Analysis
The India surgical gloves market is dominated by the powdered segment which commands over 60% of the overall market share. Powdered gloves are preferred by surgeons as they provide a better grip. However, powdered gloves are associated with higher risks of latex allergy and infection. The non-powdered segment is expected to witness faster growth during the forecast period owing to rising concerns over the side effects of powdered gloves such as skin irritations and allergic reactions.
PEST Analysis
Political: The government of India is taking numerous initiatives to promote the use of surgical gloves in hospitals and medical centers in order to prevent spread of infections. Various regulations are in place regarding the quality and manufacturing standards of surgical gloves.
Economic: The growth of the India surgical gloves market is driven by factors such as increasing healthcare expenditure, growing number of surgeries, rising awareness about importance of hand hygiene and surge in incidence of diseases.
Social: There is increasing consciousness among patients about hospital acquired infections. This is prompting more people to undergo surgical procedures at hospitals and demand for better hygiene and safety standards from healthcare providers.
Technological: Leading manufacturers are focusing on developing non-powdered variants and gloves with improved features such as minimal latex protein content to reduce allergy potential and enhanced grip for wet conditions. Some players are also introducing antimicrobial coating and advanced materials in gloves.
Key Takeaways
The Global India Surgical Gloves Market Size is expected to witness high growth during the forecast period. 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.
The western region currently accounts for the highest share due to presence of major hospitals and medical facilities in states like Maharashtra and Gujarat. However, the southern region is anticipated to emerge as the fastest growing market led by states of Tamil Nadu, Karnataka, Andhra Pradesh and Telangana.
Key players operating in the India surgical gloves market are Dow, Henkel, BASF, Nordson Corporation, LORD Corporation, H.B. Fuller Company, Siltech Corporation, Qualcomm Technologies Inc, Broadcom Limited, Skyworks Solutions Inc and Qorvo Inc. Increased healthcare spending, growing medical tourism and rising prevalence of lifestyle diseases are some of the factors expected to propel the demand for surgical gloves in India.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
