The India surgical gloves market consists of disposable gloves worn by healthcare professionals, which are made of synthetic or natural rubber latex. Surgical gloves are used during medical examinations and procedures to help prevent cross-contamination between healthcare professionals, patients and instruments. The increased prevalence of various communicable and infectious diseases has boosted the need for surgical gloves in the country. The growing medical tourism in India along with rising healthcare spending is also contributing to the demand for surgical gloves. The India surgical gloves market is estimated to be valued at US$ 540 million in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The increased demand in the healthcare sector is estimated to present significant growth prospects for the India surgical gloves market size. There has been a consistent rise in surgical procedures performed annually owing to the growing geriatric population suffering from chronic diseases. Moreover, the rising awareness regarding benefits of infection control and prevention is further driving the number of surgeries in both public and private healthcare facilities. With an aim to provide improved sanitization and safety standards, healthcare institutions across India are increasing the procurement of disposable surgical gloves. The ongoing initiatives by both public and private players to modernize and strengthen the healthcare infrastructure offers ample opportunities for gloves manufacturers to cater to the rising demand. This in turn is expected to greatly benefit the expansion of the India surgical gloves market over the forecast period.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate. The surgical gloves market requires high capital investment for setting up manufacturing facilities which acts as a barrier. However, India being the second largest manufacturer poses opportunities.

Bargaining power of buyers: The bargaining power of buyers is high. The market is fragmented with numerous regional and local players. Buyers can negotiate on price and quality standards.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. Raw material suppliers like latex and nitrile are globally available. However, supplies are concentrated in few geographies increasing dependence.

Threat of new substitutes: The threat of substitutes is low. Surgical gloves made from latex and nitrile are difficult to substitute due to stringent quality and safety regulations for surgical procedures.

Competitive rivalry: The competition is high among existing players.

SWOT Analysis

Strength: India is the second largest manufacturer and supplier of surgical gloves globally. Availability of raw materials and skilled workforce provides competitive advantage.

Weakness: Overdependence on imports for raw material increases supply chain vulnerability. Dumping of cheap imports adversely impacts domestic players.

Opportunity: Growing healthcare infrastructure and rising population drives domestic demand. Export opportunities exist in developing Asian and African markets with cost competitive products.

Threats: Fluctuations in raw material prices and exchange rates increase input costs. Stringent regulatory oversight delays new product approvals.

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