Increased government efforts to lift the ban on the import and export of gloves are among the key industry trends that are anticipated to fuel the growth of the surgical gloves market in India over the coming years. For example, the Indian government lifted its export ban on nitrile or nitrile butadiene rubber (NBR) gloves used by medical personnel in October 2020.
The market’s expansion is anticipated to be fueled by the main players’ increased use of acquisition and collaboration methods. For instance, Ansell Limited, an Australian manufacturer of protective industrial and medical gloves, announced in January that it had successfully acquired the Primus brand and related assets that made up the life science business of Primus Gloves, an Indian company that produces and markets gloves for the life science and specialty medical sectors, as well as Sanrea Healthcare Products, a manufacturer of medical gloves.
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Impact
Surgical gloves saw an upsurge in demand during the COVID-19 epidemic, which also saw an increase in manufacture. However, it was difficult for the makers to satisfy the tremendous demand. As a result, surgical gloves were in short supply in India. Additionally, some nations’ governments relaxed import-export controls that had been outlawed because to the COVID-19 pandemic. Additionally, data revealed in March 2021 on the National Library of Medicine shows that during COVID-19, glove demand in India soared three times more than usual. The COVID-19 epidemic has had a detrimental effect on the world economy and, consequently, the healthcare industry. Up until the end of the second quarter of 2020, company and consumer expenditure are projected to experience a sharp fall as a result of travel restrictions, quarantine, and social isolation measures. Additionally, the COVID-19 pandemic has had a big impact on clinical trials. Researchers are dealing with a number of difficulties related to scheduling remote visits, doing laboratory tests, and conducting other study assessments as a result of the delay in recruitment in many trials. An initiative to give frontline workers with personal protective equipment, such as gloves, gowns, masks, etc. was taken in 2020 by the marketing firm Amway India as part of their COVID-19 assistance programme.
Additionally, more surgical glove introductions are anticipated to fuel market expansion over the projection period. For instance, the anti-microbial glove (AMG) TruShield for healthcare professionals was introduced by Healthium Medtech, an Indian manufacturer of medical products, in 2020.
Key Takeaways
The market for surgical gloves in India is anticipated to grow at a CAGR of 7.5% over the course of the forecast period as more hospitals in tier-2 and tier-3 cities are shifting their focus to surgery. For instance, as the third wave of the Covid-19 pandemic subsided in April 2022, the chain of hospitals known as Paras Hospitals, which offers specialised tertiary medical care facilities throughout India, had planned to invest a sizeable sum of money of approximately Rs. 750 crore (US$ 9.6 Million) to continue expanding its operations into smaller towns and cities.
Due to the numerous benefits disposable gloves offer, the usage category of disposable gloves is anticipated to dominate the India surgical gloves market over the forecast period. For example, disposable gloves are made to be thin so that they can offer protection and cleanliness. They provide a high level of touch and mobility.
SARAHEALTH CARE is one of the leading companies in the market. Other significant players include Phoenix Medical Technologies & Imports, MRK Healthcare Pvt. Ltd., Narang Medical Limited, Amkay Products Pvt. Ltd., ., Asma Rubber Products Pvt. Ltd., JIT & JIT, Amigo Surgicare Pvt. Ltd, Kanam Latex Industries Pvt. Ltd., and RFB Latex Limited, Safeshield Gloves.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 India Surgical Gloves Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: India Surgical Gloves Industry Impact
Chapter 2 India Surgical Gloves Competition by Types, Applications, and Top Regions and Countries
2.1 India Surgical Gloves (Volume and Value) by Type
2.3 India Surgical Gloves (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 India Surgical Gloves Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 Company Profiles and Key Figures in India Surgical Gloves Business
Chapter 6 India Surgical Gloves Market Forecast (2023-2030)
Chapter 7 Conclusions
Research Methodology
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