India Surgical Gloves Market driven by Increasing Surgeries Procedures

Comments ยท 12 Views

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.

The India surgical gloves market is primarily driven by the mounting number of surgeries procedures being performed across various pathological facilities in the country. Surgical gloves are increasingly being used during invasive and surgical procedures to prevent infections and diseases from spreading between patients as well as healthcare workers.With a population of over 1.3 billion and rising non-communicable as well as infectious diseases, the demand for different surgical procedures has increased rapidly in India in the past decade. This has bolstered the sales of surgical gloves over these years.

Key Takeaways

Key players operating in the India surgical gloves 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. The rising number of hospitals and surgical centers across India has propelled the demand for surgical gloves over the years. The growing healthcare expenditures along with the government's focus on boosting medical infrastructure is estimated to further drive the market during the forecast period. With rising infections and non-communicable diseases, the demand for different types of surgeries is increasing rapidly year-on-year. This is directly correlating with increased consumption of surgical gloves across Indian hospitals and clinics.

Market drivers

One of the key drivers boosting the India Surgical Gloves Market Growth is the rising prevalence of various chronic and life-threatening diseases including cardiovascular diseases, cancer, and diabetes. India has a high burden of communicable as well as non-communicable diseases attributable to changing lifestyles, lack of physical activity, growing geriatric population, increased life expectancy, and environmental pollution. According to the Indian Council of Medical Research (ICMR), India had 72.3 million cases of diabetes in 2017 and the number is estimated to increase to 134.3 million by 2045. Such a high prevalence of chronic diseases renders a huge patient base requiring different types of surgical interventions on a regular basis, thereby fueling the demand for surgical gloves across Indian healthcare settings.

The geopolitical situation has impacted India Surgical Gloves Market growth in recent times. With rising global tensions and pandemics like COVID-19, national priorities and trade dynamics have witnessed fluctuations. India being a major exporter has faced disruptions in international trade and supply chains due to border restrictions imposed by many countries. This affected the availability of raw materials and raised procurement costs for Indian manufacturers temporarily. However, the market is recovering well as global trade resumes and domestic demand rises with increasing medical infrastructure and surgeries in India. Local production is gaining focus due to perceived supply risks. To ensure long term sustainable growth, key players must diversify global sourcing, develop alternative material sources and strengthen local partnerships. Producing high-quality and affordable gloves remain priorities, along with efforts to boost healthcare access across India.

Get more insights on India Surgical Gloves Market Demand

Comments