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India Surgical Gloves Market Poised to Witness High Growth

India Surgical Gloves Market

The India surgical gloves market is primarily driven by the rising prevalence of hospital acquired infections (HAI). Surgical gloves help prevent pathogens from spreading through direct contact and provides protection against potential contaminants during surgical procedures. India has witnessed high growth in healthcare infrastructure and number of hospitals over the past decade. This has consequently boosted the demand for disposable medical supplies including surgical gloves.

The 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: 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 account for majority of the market share due to their diverse product portfolio and wide distribution network across the country.

Key Opportunities: Rising focus on healthcare infrastructure development especially in tier 2 and tier 3 cities in India is expected to present lucrative opportunities for players. Further, growing adoption of ambulatory surgery centers (ASCs) will augment the India Surgical Gloves Market Demand for disposable medical supplies like surgical gloves over the forecast period.

Global Expansion: Key glove manufacturers are focusing on expanding their operations in India through initiatives like facility expansion, acquisitions and collaborations. For instance, Top Glove Corporation Bhd expanded its production plants in Kathua in 2018. This allows companies to cater to the rising domestic demand and capture larger market share.

Market Drivers: The increasing number of surgeries performed annually in India is a major growth driver for surgical gloves market. As per estimates, over 25 million surgeries are performed each year in the country. This consistently high surgical volume ensures continued demand for disposable surgical gloves from hospitals and healthcare facilities.

Market Restraints: Availability of cheaper alternatives like latex examination gloves from the unorganized sector may hamper the sales of branded surgical gloves to a certain extent. Further, imposition of trade restrictions like import duties on certain raw materials increases the overall manufacturing cost of gloves. This acts as a pricing challenge for glove makers.

Segment Analysis

The India surgical gloves market is dominated by the nitrile sub segment. Around 73% of the total surgical gloves market in India comprises of nitrile gloves as they provide enhanced chemical and puncture resistance in comparison to natural rubber and latex gloves which are allergic for some individuals. Nitrile gloves are thicker than latex gloves which makes them highly preferred for surgical procedures where durability is required.

The vinyl sub segment holds around 16% share in the India surgical gloves market. Though vinyl gloves provide strong chemical resistance, they lack puncture resistance and tend to be more prone to allergy in comparison to nitrile gloves. Hence their usage is limited to non-surgical procedures. Latex gloves hold around 11% share with their demand expected to decline further going ahead due to high incidence of latex allergy.

Global Analysis

Regionally, South India dominates the India surgical gloves market with a share of around 35% due to higher number of healthcare facilities and medical tourism in states like Tamil Nadu and Karnataka. West India holds the second largest share of 25% on account of sizable healthcare infrastructure and rising surgical procedures in major cities like Mumbai and Pune. North India accounts for 20% share supported by presence of major hospitals in New Delhi NCR and cities in Uttar Pradesh. East India and North East India collectively account for the remaining 20% share with their market expected to grow at a relatively higher pace during the forecast period backed by government initiatives to boost healthcare access in rural regions.

Get more insights on India Surgical Gloves Market Demand

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