Surgical gloves are specialized gloves that are worn by healthcare professionals, patients, and visitors to avoid cross-contamination during surgical procedures. Made of low-protein natural rubber latex or synthetic materials like nitrile or vinyl, surgical gloves provide an effective barrier between hands and infectious materials. They help reduce the risks of contamination during procedures and wound infections. The growing burden of diseases and increasing healthcare expenditure in India are raising awareness among patients and professionals about maintaining high standards of hygiene, health and safety. 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 Opportunity: The growing awareness about health and safety standards presents a major market opportunity for surgical gloves in India. As patients and medical professionals pay greater attention to infection control and prevention, the demand for disposable examination and surgical gloves is increasing. This presents glove manufacturers an opportunity to educate more people on the importance of personal protective equipment like gloves in maintaining hygienic conditions. They can work with healthcare institutions and organizations to spread awareness about hand hygiene and regular use of gloves during procedures. By tapping into the growing emphasis on safety, companies can boost sales of their surgical gloves substantially over the coming years. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate. The surgical gloves industry in India requires high initial investments for infrastructure and R&D. Established brands have strong distribution networks and supply chain that make entry difficult for new players. Bargaining power of buyers: The bargaining power of buyers is high. There are numerous manufacturers in India supplying surgical gloves. Buyers can negotiate on price and demand value-added services. Bargaining power of suppliers: The bargaining power of suppliers is moderate. Raw material suppliers have established relationships with key manufacturers. However, suppliers cannot influence prices significantly due to availability of substitute materials. Threat of new substitutes: The threat of new substitutes is low. There are no cost-effective alternatives available for surgical gloves. Stringent regulations ensure no major substitute enters the market. Competitive rivalry: The competitive rivalry is high due to presence of numerous domestic and global brands. Manufactures compete on pricing, product design, and supply chain management. SWOT Analysis Strength: India offers low-cost manufacturing and availability of skilled labor. Strategic initiatives to boost domestic production help India companies strengthen their position. Weakness: Dependence on imports of key raw materials increases production costs. Lack of R&D investment and technology upgrades limits production scale and product development. Opportunity: Growing medical tourism and rising healthcare expenditure expands demand from hospitals and clinics. Public health programs drive awareness and utilization of surgical gloves. Threats: Stiff competition from established multinational companies pressure margins. Stringent quality and safety regulations increase compliance costs. Key Takeaways India Surgical Gloves Market Size is expected to witness robust growth during the forecast period owing to increasing healthcare spending, rising number of surgeries, and growing awareness about infection control in hospitals and clinics. The increasing prevalence of chronic diseases like diabetes, cardiovascular diseases etc and aging population driving the demand for surgical procedures in the country. 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 dominates the India surgical gloves market and is expected to continue its dominance during the forecast period. This is attributed to presence of many key hospitals and healthcare infrastructure in states like Maharashtra and Gujarat. However, the southern region is expected grow at a higher pace during the forecat period owing to increasing investments in healthcare sector and rising medical tourism in states like Tamil Nadu and Karnataka. Key players operating in the India surgical gloves market are Dow, Henkel, BASF, Nordson, LORD Corporation. These players are focusing on expanding their production capacities and distribution networks to strengthen their market position. They are also investing in innovations to develop gloves with enhanced grip, comfort, and barrier protection according to need of different surgical procedures. Get More Insights On This Topic: https://www.ukwebwire.com/india-surgical-gloves-market-scope/
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