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Surgical, Medical Plastics, Medical Disposables, Disposable Medical Products used in Hospitals

Plastics remain at the forefront of medical innovations. The Indian market is expanding in all directions as a result of better affordability, greater health consciousness and expanding medical service institutions. With a population of 1.15 billion, India will need to at least 2 million beds in the next 10 years in order to attain a modest target of 2 per 1000 of population. With a total healthcare value of USD 400 billion, the potential for medicare equipment is, indeed large.

According to McKinsey & Co. a leading industrial and management consulting organization, the Indian healthcare sector, including pharmaceutical, diagnostics and hospital services, is expected to more than double its revenues to Rs 2000 billion by 2010. Expenditure on healthcare services, including diagnostics, hospital occupancy and outpatient consulting, the largest component of this spend is expected to grow more than 125% to Rs 1560 billion by 2012 from Rs 690 billion now.

The Health Ministry of the Government of India was planning to have a separate wing to license medical devices under the proposed National Drug Authority. The Indian domestic medicare devices industry is expected to grow from Rs 60 billion to Rs 76.5 billion in four years. The overall market is estimated at Rs 150 billion. A major part of the demand is met through imports. Devices, such as catheters and stents represent nearly two-fifth of the entire range of diagnostic devices and most critical as per international classification.

       Apart from the electronic instruments and major equipment, substantial progress has been registered in the area of a number of medical accessories and consumables. These include disposables - syringes, blood bags, cannulae, IV fluid sets, gloves. In most of these items, while the demand is increasing fast, India is becoming increasingly self-sufficient. Fairly large quantities are also exported.

The market for non-premium equipments, appliances and disposables is, however, dominated by the domestic manufacturers, while foreign suppliers and Indian companies with foreign alliances dominate the high-end hi-tech medical equipment and appliances. Among the leading providers of advanced products are Siemens, GE, Philips Medical Systems, Toshiba, Hitachi and Boston Scientific.

Major players like Siemens, GE, Larsen & Tourbo, Philips Medical Systems, to name only a few, are today making a substantial contribution in the area. Besides the big names, a large number of producers in India belong to the SME (small and medium enterprise) sector. The contribution of the latter is estimated at about two-fifths of the total demand.

There is a large untapped potential in this sector. The fragmentation of production facilities forestalls any worthwhile effort at R&D. This leads to industry's dependence on imported technology. Nonetheless, it is crystal clear that with the fast commercialization process of the sector and upgradation of medical facilities, the potential is sky high.

How to Prepare Medical Plastic Manufacturing Project Report?

A project report should tell you whether the project is feasible or not. A medical plastic manufacturing project report should cover key aspects of the business. These need to include market analysis, costs of equipment and raw materials, and projected financial implications.

The Scope of a Report should include:

1. An assessment of market potential. Find out how other medical plastic manufacturing businesses have fared so far. How well is the industry likely to perform in the future?

2. Collaborations. Who are the main industry layers? Who will be your suppliers for equipment and raw materials?

3. Investment plan. How much capital do you need for the project? How will you raise the needed funds? What is the profitability of the project? After how long do you expect to start making profits?

4. Corporate diversification. What else can the project do, besides its main product, to maximize profits?

If you follow these guidelines, you will make a good report that provides a blueprint for your medical plastic manufacturing business. You should be able to formulate elaborate manufacturing techniques and project the financial implications of the plant.

How to make Plastic Product Business Plan?

Plastics are a major material for household, industrial, and medical equipment. Plastic products are preferred for their low cost. Drawing a business plan provides you a clear roadmap for setting up and sustaining plastic production.

When you are writing a plastic product business plan, you need to consider the following aspects.

1. Overview of the Plastics Manufacturing Industry

The plastic market is luckily one of the over-growing businesses due to its wide application. There are, similarly, many plastic manufacturing industries. However, you need to evaluate the existing factories’ production capacity against plastic demand in your target market.

2. Marketing Strategy

There are already big players in the plastic product business. You need an excellent strategy to penetrate the market. An example would be producing different plastic products such as plastic bottles, mugs, water storage tanks, packaging materials, PVC pipes, etc. Look for those plastic products that are on-demand, but existing players do not produce them.

3. Pricing

Plastic products are generally cheaper for other materials. Your production cost must be low enough to enable you to offer competitive prices. You may consider a recycling option to maintain a low product price. Given the popularity of plastic products, I do not think you can ever run short of waste plastics for recycling.

Types of Disposable Medical Devices reused in Hospitals

The cost of medical equipment is high. The increase their affordability, many disposable medical products are made from plastics. Although disposable medical equipment is for single-use, they are often recycled or reused to financial constraints. I have listed below types of disposable medical items. These items comprise a list of disposable items used in hospitals that medics often reuse.

1. Cardiovascular devices

These are mainly critical surgical disposable products. They include catheters, guide-wires, angioscopes, and arterial and venous cannulas.

2. Respiratory devices

These include anesthesia-breathing circuits, combi tube intubation tubes, and bronchoscopes.

3. Orthopedic devices

Include components of an orthopedic external fixator.

4. Other devices

Other disposable medical devices reused in hospitals are sphincter tomes, assorted laparoscopy instruments, biopsy forceps, argon plasma coagulation probes, phacoemulsification needles, and hemodialysis membranes.

The surgical disposable products manufacturer may label the items in the medical disposable products list above as single-use. Other disposable medical supplies have the label ‘re-usable’ placed by the manufacturer. The Food and Drugs Association, however, leaves it open for hospitals to decide on whether or not to reuse medical disposables. The individual hospitals are, however, held responsible for the safety and effectiveness of the products.

How to prepare Surgical Equipment Business Plan?

A business plan manufacturing and operations plan lets you know if the investment is worth your money. If you want to make a production plan in a business plan, you might find the outline below worthwhile.

1. Executive Summary

  • Here, you simply state your business name and state your business focus.
  • You also have to state your product

2. Technology

  • Explain the technique you are to use for manufacturing the surgical equipment
  • Explain the patent status for this technique
  • You also explain the scientific principle underlying this technique
  • Finally state the effectiveness of the techniques about the operation of the equipment

3. Market

  • You should ask and answer questions such as; what is the target markets? What is the size of my target market? What is the economic status of the target group or users? Can they afford the cost of the product?

4. Product

  • Give a detailed description of the product/equipment. What are its components?
  • Explain the competitive advantage over similar equipment in the market

5. Competition

  • Your product business plan should state your competitors and their notable weaknesses.

6. Marketing strategy

  • A manufacturing business plan should have a solid product-marketing plan.
  • Explore the distribution network as well as regulatory issues

7. Management team

  • Who are the managers?
  • What are their qualification and experience?

8. Financial issues

  • A detailed account of financial implications

9. Operational plan

  • Outlines the milestones for implementation
  • Follow a checklist


 

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This report provides vital information on the product like its characteristics and segmentation

This report helps you market and place the product correctly by identifying the target customer group of the product 

This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials

The report provides a glimpse of government regulations applicable on the industry

The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions.

 

Our Approach:

Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.

The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players

We use reliable sources of information and databases. And information from such sources is processed by us and included in the report


 

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

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We can modify the project capacity and project cost as per your requirement.
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Sanitary Napkins - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue,Plant layout

Sanitary Napkins is one of the item of non-woven textile. It may come under speciality textile group. According to industry observers, India?s health care industry is expected to grow around 13 % per annum. The product has very good export potentiality. The export of sanitary napkin has been increased 15% with in a span of ten years. The export of sanitary napkins from India were made to as many as 37 countries which includes countries like USA, Italy, France, Japan, Canada, Australia, Sweden, Germany and Middle East etc. Domestic demand is also increasing day by day. New entrepreneurs venture in to the project can get very good market.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Black Braided Silk Surgical Suture - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

There are so many fibers available which has property of non absorbing among those fibers are nylon, Terelene, Polyester etc. are synthetic fiber and silk is one of the natural fibres which has no side effect on the body and costly items. Black braided silk surgical Suture is used in the hospital, Nursing homes for especial purpose in the surgical ward. There is good market demand. There is export demand of black braided silk Suture. Any new entrepreneur may make its own market by his own credit.
Plant capacity: 3000 Mtrs./DayPlant & machinery: Rs. 9.00 Lacs
Working capital: Rs. 41 LacsT.C.I: Rs. 70 Lacs
Return: 72.31%Break even: 30.99%
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Blood Bags - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Blood bag is a disposable bio-medical device used for collection, storage, transportation and transfusion of human blood and blood components. The system consists of a single or multiple bag connecting with tubing, needle, needle cover, clamp etc. The blood bags are made of plastic material which are compatible with blood. In recent times, blood bags have become a conspicuous item and essential need of hospitals and nursing homes to meet blood infusion emergencies. Blood bags are most ostensibly serving the medical field in crucial hour. As the number of hospitals, nursing homes are increasing, the demand for the blood bags too is increasing tremendously.
Plant capacity: 3000nos./DayPlant & machinery: 164 Lakhs
Working capital: -T.C.I: 291 Lakhs
Return: 35.72%Break even: 48.65%
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Implantable Surgical Suture (Biomedical Textile) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

A fibrous protein comprising most of the white fibre in the connective tissue of animals and man, especially in the skin muscles and tendous. The most abundant proline is the animal kingdom, it is rich in proline and hydroxyproline collagen is found in connective tissue and also in bones. Connective tissue is widely distributed throughout the body in such structures as the dermis, tendous, ligaments, cartilage and the matrix of bone. Surgical suture or biomedical textile is prepared from the fish collagen There are different fish available in India in abundance. Raw materials to process fish skin are also available but expertise is not easily available. Protein and fat wastes are generated which can be utilized to manufacture protein extract and fish oil. Biodegradable waste can be used for fish or poultry feed. Market is very good for quality products.
Plant capacity: 50 Kg/DayPlant & machinery: Rs. 81.95 Lacs
Working capital: Rs. 14.32 LacsT.C.I: Rs. 192.91 Lacs
Return: 1.00%Break even: N/A
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Surgical Cotton & Bandages (EOU) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Surgical cotton Industry is mainly limited to small and cottage scale units. Bengal chemical & pharmaceutical works Ltd. is the key manufacture of surgical cotton and Bandages. At present the industry consist of around 136 units in the organised sector hence there is a good scope for new investment.
Plant capacity: 300 kgs/DayPlant & machinery: Rs. 24.00 Lacs
Working capital: N/AT.C.I: Rs. 35 Lacs
Return: 34.00%Break even: N/A
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Disposable Plastic Syringes - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Disposable syringes are a great innovation in the field of medical equipment. They are used for inframuscular and intravenous injections and are disposed off immediately after usage. The major advantages of using disposable syringes is that no infection is transmitted since the injection is disposed off immediately after use. With the replacement of traditional glass syringes by disposable syringes for convenience, safety, the demand for plastic disposable syringes is growing at very fast rate. Due to the fear of AIDS and other infections it is now have become a common practice to use sterilized disposable plastic syringes. Besides growing market in our own country there is great potential for the export to near by countries.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 36.56%Break even: 50.60%
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Surgical Cotton & Bandages

Surgical Bandages are the products manufactured from white bleached Cotton gauge cloth of suitable quality. Absorbent cotton also known as surgical cotton is used mainly for medical purposes. Raw cotton is purified by a series of processed and rendered hydrophile in character beside rendering it free from other external organic impurities. There is an increasing demand for this item in India and has good exporting possibility. Absorbent cotton or medical cotton is used by Doctor, Dentists, industrial safety organizations in Hospitals and for individuals for first aid and home kits. This item is regulated under the drugs Control Act and a manufacturing licence under the provision of the act. There is good scope for new investment. A new entrepreneur may venture in to this field keeping in mind to face the marketing competition.
Plant capacity: 90 Ton Surgical Cotton/Annum, 8 Lakh Nos. Surgical Bandages/AnnumPlant & machinery: 16 Lakhs
Working capital: -T.C.I: 51 Lakhs
Return: 34.00%Break even: 53.00%
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Disposable Plastic Syringes and Needles Manufacturing - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Production Schedule

With the development of pharmaceutical industries the use of disposable syringes and needles will also develop. With the population growth and lack of balanced food to the people in India, health hazard problems are quite obvious that why pharmaceutical and other medicine related industries like disposable syringes and needle industries are booming day by day. The product has very good domestics and export demand. So it is a good project for the new entrants.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 43.00%Break even: 38.00%
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Disposable Plastic Syringes - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 29.00%Break even: 57.00%
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E.C.G. PAPER, FAX PAPER, ATM SLIP - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Plant Layout

Coated paper was developed for commercial use about 1885 to fulfill a demand for better printing results. At first, coated paper was produced by a separate conversion process independent of the paper-making machinery. Such a product filled a need for which uncoated paper was unsatisfactory. Each unit process of the coating industry is vast in scope and is in a rapidly increasing state of development. Coloured coated papers add a decorative dimension to printing applications and are also in demand for purely aesthetic reasons in gift-wrapping and colourful advertising. Resistances to dry and wet abrasion, as well as light fastness, are also in fancy decorative papers. Label papers, soap wrappers, box coverings, shelf and drawer linings require careful selection of coating ingredients. Chinas demand for paper and paperboard is expected to reach 80 million metric tonnes. Last year, China produced a record 35% metric tonnes of paper and paperboard, a rise of 3.6% from the previous year. Chinas fast growing paper industry has promoted large-scale mills and modern technology to replace older and small-scale operations. Demand of E.C.G. Paper, Fax Paper and ATM slip is growing very fast. In view of all the facts a new entrepreneur can confidently venture into this field.
Plant capacity: (100 Kgs. ECG Paper, 100 Kgs. Fax Paper, 50 Kgs. ATM Slips) Per DayPlant & machinery: 20 Lakhs
Working capital: -T.C.I: 119 Lakhs
Return: 54.00%Break even: 35.00%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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