India Disposable Medical Gloves Market Growth Sturdy: Projected to Grow at a CAGR of 12.1% during 2022-2028
Published | 15 January 2022
India disposable medical gloves market is growing at a high CAGR because of the rising burden of various infectious and chronic diseases in the country, along with the increasing demand for various surgical procedures for treatment purposes. Furthermore, strict guidelines regarding the mandatory use of disposable medical gloves are also driving the market…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the India disposable medical gloves market is estimated to grow at a CAGR of 12.1% during the forecast period of 2022-2028. The growth of the India disposable medical gloves market can be attributed to the rising burden of various infectious and chronic diseases across the country, along with the growing demand for various surgical procedures for treatment purposes. Furthermore, a flourishing medical tourism industry in India is anticipated to fuel the demand for disposable medical gloves during the forecast period. As surgical team members constantly change gloves during surgery, disposable medical gloves are witnessing high demand as the use of single gloves for long periods of time is unsafe because of the risks of contamination, and external exposure. Moreover, due to the surge in market demand, medical gloves manufacturers in India are also investing in expanding their production capacity to meet the domestic demand, especially after the COVID-19 pandemic. However, the growing penetration of used and defective disposable medical gloves may act as a huge restraining factor for the disposable medical gloves market in India.
Increasing Burden of Infectious Diseases Anticipated to Drive India Disposable Medical Gloves Market
Lack of proper hygiene and sanitation make India vulnerable to infectious diseases. Various infectious diseases are endemic to the rural and urban populations, such as visceral leishmaniasis, dengue fever, malaria, rabies, etc. Therefore, the government and health organizations have issued strict guidelines that require the use of disposable gloves during the medical examination and diagnostic tests of patients to prevent the possibility of cross-contamination among healthcare workers and patients, which is driving the market growth.
Flourishing Medical Tourism Projected to Drive Market Growth During the Forecast Period
India is among the most attractive destinations for medical tourism around the world. Medical tourism in India ranks 6th worldwide, according to a report. The country provides advanced healthcare facilities and skilled healthcare professions which are at par with western countries but at a lower cost, which attracts the patients. As a result, the demand for various invasive and non-invasive surgical procedures is increasing at a high rate, which is anticipated to fuel the demand for surgical disposable medical gloves, propelling the overall market growth.
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India Disposable Medical Gloves Market - By End-User
Based on end-users, the India disposable medical gloves market is segmented into hospitals, outpatient/primary care facilities, home-care settings, and others. Among these, the hospital segment accounts for the largest market share. The high number of patients approaching hospitals for diagnosis and treatment of various infectious and chronic diseases is fueling the demand for disposable medical gloves in hospitals. Furthermore, an increasing number of hospital facilities, with rising healthcare investment and infrastructural development is anticipated to fuel the India disposable medical gloves market growth during the forecast period.
India Disposable Medical Gloves Market - Regional Insights
Geographically, the India disposable medical gloves market is segmented into North India, South India, East India, and West India. Western India dominates the India disposable medical gloves market. Following the Western part of the country, South India also covers a substantial share in the market. States like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, are among the top COVID-19-affected states in India with a high number of daily cases. As a result, the demand for disposable medical gloves has spiked in this region.
Impact of COVID-19 on India Disposable Medical Gloves Market
The unprecedented COVID-19 pandemic outbreak significantly boosted the market for disposable medical gloves. For protection from virus transmission, all healthcare workers, including doctors and staff, were provided personal protective equipment (PPE), including disposable medical gloves. The demand for disposable medical gloves is also anticipated to surge in the upcoming period amid the rising cases of COVID-19 variant Omicron. Several researchers are also anticipating the third wave to hit the country soon, which will further surge the market demand for disposable medical gloves.
India Disposable Medical Gloves Market -Competitive Landscape
The leading players in the India disposable medical gloves market are Nulife Triple Safety, Dahanu Rubber Gloves Mfg. Co., Primus Gloves (P) Ltd., Asma Rubber Products Pvt. Ltd., Kanam Latex Industries Pvt. Ltd., Ramson Health Care Private Limited, Kwalitex Healthcare Private Limited, M. S. Surgical, Cellbless Healthcare Private Limited, Gravitech Industries, and other prominent players.
The market is highly fragmented due to the presence of several industry participants. New entrants are also getting lucrative growth opportunities after the COVID-19 pandemic outbreak due to the demand and supply gap. The market players are launching and offering a wide range of medical gloves made up of various materials to cater to the needs of different end-users to diversify their consumer base. They are also heavily investing in expanding their production capacity to meet the domestic demand for disposable medical gloves. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India disposable medical gloves market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the India disposable medical gloves market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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