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Hospital, Specialized (Super Speciality) Hospitals, Healthcare, Nursing Home, Diagnostic Center, Trauma Center, Children's Hospital, Mental Hospital, Sanatorium, Medicare. Healthcare Business Ideas in Medical Sector.

Hospital or a super speciality hospital is an institution for health care providing patient treatment by specialized staff and equipment, and often, but not always providing for longer-term patient stays. Health is a primary human right and has been accorded due importance by the Constitution.

Today, hospitals usually are funded by the public sector, by health organizations, (for profit or nonprofit), health insurance companies or charities, including by direct charitable donations. In history, however, hospitals often were founded and funded by religious orders or charitable individuals and leaders. Similarly, modern-day hospitals are largely staffed by professional physicians, surgeons, and nurses, whereas in history, this work usually was performed by the founding religious orders or by volunteers.

Types of specialized hospitals include trauma centers, rehabilitation hospitals, children's hospitals, seniors' (geriatric) hospitals, and hospitals for dealing with specific medical needs such as psychiatric problems (see psychiatric hospital), certain disease categories, and so forth. A hospital may be a single building or a number of buildings on a campus. A teaching hospital combines assistance to patients with teaching to medical students and nurses and often is linked to a medical school, nursing school or university. Hospitals vary widely in the services they offer and therefore, in the departments they have.

Some of the top hospitals in India includes All India Institute Of Medical Science, Delhi,  Post Graduate Institute Of Medical Education And Research, Chandigarh,  Apollo Hospital, Chennai,
 Christian Medical College, Vellore,  National Institute Of Mental Health And Neuro Sciences, Bangalore,  Bombay Hospital, Mumbai etc. to name a few.

Health is a primary human right and has been accorded due importance by the Constitution through Article 21.Though Article 21 stresses upon state governments to safeguard the health and nutritional well being of the people, the central government also plays an active role in the sector. Recognizing the critical role played by the Health Industry, the industry has been conferred with the infrastructure status under section 10(23G) of the Income Act.

The healthcare sector is one of the most challenging and fastest growing sectors in India. Revenues from the healthcare sector account for 5.2 per cent of the GDP, making it the third largest growth segment in India.

The healthcare industry in the country, which comprises hospital and allied sectors, is projected to grow 23 per cent per annum. 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 sector has registered a growth of 9.3 per cent between 2000-2009, comparable to the sectoral growth rate of other emerging economies such as China, Brazil and Mexico. According to the report, the growth in the sector would be driven by healthcare facilities, private and public sector, medical diagnostic and pathology labs and the medical insurance sector.

Healthcare facilities, inclusive of public and private hospitals, the core sector, around which the healthcare sector is centered, would continue to contribute over 70 per cent of the total sector and touch a figure of US$ 54.7 billion by 2012. Adds a FICCI-Ernst and Young report, India needs an investment of US$ 14.4 billion in the healthcare sector by 2025, to increase its bed density to at least two per thousand populations.

In India, the emergence of private medicare services, especially through commercialization and corporatization, has contributed to the transformation. The rapid commercialization of the medical practices with the establishment of multi-million rupee hospitals, nursing homes and diagnostic centres, specialized and general, the demand has registered a very high growth rate in the recent years.

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Business Plan for Setting up Medical College with Hospital

A medical college is designed to provide students with medical education in order to qualify them as doctors in several specialised areas so that they can treat patients suffering from various illnesses. Doctors, with their determined spirit, serve the nation as a whole by giving medication and treatment for the eradication of diseases that rob people of their health and cause them to suffer. Medical College means an institution, whether known as such or by another name, that offers a programme beyond 12 years of schooling for obtaining a recognised MBBS qualification from a university and that is recognised as competent to offer such programmes of study and present students enrolled in such programmes of study for the examination for the award of a recognised MBBS/PG Degree/Diploma from such university, in accordance with the rules and regulations of such university. A hospital is a health-care agency that provides preventive, curative/ameliorative, palliative, or rehabilitative treatments, according to various definitions. Hospitals nowadays also include bio-social research, teaching and training facilities for all hospital employees, and a health team that comprises not only doctors and nurses, but also para-professionals, paramedical staff, pharmacists, and other healthcare professionals. Increased negligence by these institutions' doctors, as well as overpopulation, provided a chance for private hospitals to thrive. A growing number of private hospitals have opened, offering everything from E.C.G.S. to X-Rays to Laboratories, as well as 24-hour emergency and admission services for sick people, badly injured people, and pregnant women. Because one's life is deemed to be much more expensive and bills for treatment can be overlooked, middle and upper-class families began to prefer these private hospitals and nursing homes. The sector of colleges and universities is predicted to increase steadily. High unemployment and difficult economic situations prompted more people to pursue higher education in order to improve their job market competitiveness; the consistent rise in high school retention rates also boosted college enrolment. Industry revenue is expected to grow over the next five years, according to IBIS World, due to consistent demand for higher education. The Indian healthcare business, which is one of the fastest expanding, is predicted to increase at a CAGR of 22.87 percent from 2015 to 2021, reaching USD280 billion. In India, there is a lot of room to expand healthcare services penetration, which means the healthcare industry has a lot of room to grow. India is a land brimming with prospects for medical device companies. With massive capital investment in advanced diagnostic facilities, the country has also become one of the main destinations for high-end diagnostic services, catering to a larger part of the population. Furthermore, Indian medical service consumers have become more aware of the need of maintaining their health. The Indian healthcare industry is extremely diverse, with potential in every segment, including providers, payers, and medical technology. Businesses are looking for the latest dynamics and trends that will have a favourable impact on their business as the competition grows. The hospital business in India is expected to grow at a CAGR of 16–17 percent from Rs. 4 trillion (US$ 61.79 billion) in FY17 to Rs. 8.6 trillion (US$ 132.84 billion) in FY22. Key Players 1. A V P Research Foundation 2. Aakash Educational Services Ltd. 3. Adani Hospitals Mundra Pvt. Ltd. 4. Apple Hospitals & Research Institute Ltd. 5. Artemis Medical Institute & Hospitals Pvt. Ltd.
Plant capacity: 150 Students Admitted per Annum 100 Bedded HospitalPlant & machinery: 14.55 Cr
Working capital: -T.C.I: Cost of Project: 73.05 Cr
Return: 31.00%Break even: 49.00%
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Setting Up Medical College With Hospital

In the context of health care, a hospital is an establishment that offers preventive, curative/ameliorative, palliative, or rehabilitative treatments. The definition given by the WHO, on the other hand, is quite inclusive and detailed and reads as follows: "an integral part of the medical and social organization whose mission is to provide for the population complete health care, both curative and preventive; and whose outpatient services reach out to the family in its home environment." The hospital is a center for bio-social research and for the education of medical specialists. A hospital is made to handle a range of ailments in patients. Doctors help the whole country by treating diseases that rob individuals of their health and cause them to suffer using medication and other treatments. Normal connections between educational institutions include colleges and hospitals. Hospitals offer O.P.D. and admittance services for the critically ill, terribly hurt, severely burned, and pregnant, victims, etc. Due to the growing incompetence of hospital doctors and their overcrowding, private hospitals were given a chance to succeed. Many private hospitals began to appear, offering comprehensive ECG, X-Ray, laboratory, 24-hour emergency, and admission services for ill individuals, seriously injured people, and pregnant women. Due to their belief that a person's life had a high price and that medical expenditures could be ignored, middle class and upper class families started favoring these private hospitals and nursing homes. A private hospital can provide care for anything from a minor illness to a significant surgical procedure. The amenities that can be found in a hospital are actually not constrained. However, the majority of private hospitals are furnished with the most advanced technology. In a hospital, it is essential to have surgeons, physicians, E.N.T. specialists, pediatric specialists, eye surgeons, and psychologists. Uses and Application 1. The applicant wants to pursue a career in medicine. 2. The applicant is the legal owner and occupier of the relevant land parcel needed by the Indian Medical Council to build the proposed medical college. 3. The applicant has a certificate of essentiality from the relevant State Government or Union Territory Administration stating that it is desirable and practical to have the proposed medical college at the proposed location and that there is sufficient clinical material available in accordance with Medical Council of India requirements. 4. The candidate has obtained approval from a renowned university to connect with the intended medical college. 5. The applicant, who resides adjacent to the proposed medical college, must own and run a hospital with at least 300 beds, the necessary infrastructure, and the ability to function as an educational facility in accordance with Indian Medical Council guidelines. 6. That the applicant has a realistic and time-bound plan to set up the proposed medical college, including the infrastructure facilities required by the Medical Council of India, adequate hostel facilities for boys and girls, and commensurate with the proposed student intake, in order to complete the medical college within four years of the date of grant or permission. 7. That the medical college would only allow students to enroll after receiving formal approval from the Central Government and verification from the Indian Medical Council that the facilities are suitable for starting M.B.B.S. 8. That the applicant has a realistic expansion plan that includes a timeline that complies with the requirements of the Medical Council of India by adding more beds and infrastructure amenities. 9. The applicant has the organizational and financial know-how necessary to establish and run the proposed medical college and its ancillary facilities, including a teaching hospital. 10. That the applicant offers the Medical Council of India two performance bank guarantees: one for a sum of Rs. 100 lakhs (for 50 annual admissions), Rs. 150 lakhs (for 100 admissions), and Rs. 200 lakhs (for 150 annual admissions) and the second for a sum of Rs. 350 lakhs (for 500 beds), Rs. 500 lakhs (for 700 beds), and Rs. 750 lakhs (for 1000 beds) for the establishment of the medical college and its infrastructural facilities. Indian Market The two primary parts of the Indian healthcare delivery system are the public and private sectors. The government's public healthcare system focuses on providing primary healthcare centres (PHCs) in rural areas, with a few secondary and tertiary care facilities in big cities. With a focus on metropolises, tier I cities, and tier II cities, the majority of secondary, tertiary, and quaternary care facilities are administered by the private sector. Currently estimated to be worth over $100 billion, the Indian healthcare sector as a whole is expected to expand to US$ 280 billion by 2022, indicating a Compound Annual Growth Rate (CAGR) of 6.0%. 22.9 percent CAGR for annual growth. Healthcare delivery, which includes prescription drugs, hospitals, nursing homes, and diagnostic centers, accounts for 65% of the market. The market for healthcare information technology (IT), which is currently worth US$ 1 billion, is expected to have grown by a ratio of 1.5 by 2022. According to a prediction by Deloitte Touché Tohmatsu India, the Indian healthcare sector, which is presently estimated to be worth roughly $100 billion USD, will increase at a CAGR of 23% to US$ 280 billion USD by 2022. There is a big chance to improve healthcare services because the proportion of GDP spent on healthcare is increasing. Rural areas, where more than 70% of Indians reside, are anticipated to grow in importance as potential markets. India will require an additional 600,000 to 700,000 beds over the next five to six years, with a potential investment potential of $25 to $30 billion. As a result of this need for cash, more transactions are likely to occur in the healthcare industry in the near future. From $5 to $15 million in the past, private equity funds now invest an average of $20 to $30 million in healthcare chains. A total of 3,598 hospitals and 25,723 dispensaries across the country offer Ayurveda, Yoga & Naturopathy, Umami, Siddha, and Homoeopathy (AYUSH) care, ensuring that the general public has access to alternative medicine and therapy. An estimated 230,000 people will travel to India each year for $3 billion in medical tourism. The number of people travelling to India for medical care is expected to triple over the following four years, and by 2018, the nation's medical tourism industry is expected to generate US$ 6 billion. As more hospitals receive accreditation and recognition and as more individuals become aware of the need to raise their quality to meet international standards, Kerala wants to become India's healthcare hub within the next five years. • The sector is expected to be valued US$ 160 billion by 2017 and US$ 280-390 billion by 2022, respectively. • In April 2021, Tata Digital invested US$13.45 million (about Rs. 100 core) in the start-up 1mg, which offered prescription medications online and had begun the process of taking over management of the company. Industry Major Market Players: • Apollo Hospitals • TACT Academy for Clinical Training • Zimmer Institute • Olympus • Gundersen Health System • GE Healthcare • Medical Training College • A V P Research Foundation • Aakash Educational Services Ltd. • Adani Hospitals Mundra Pvt. Ltd. • Apple Hospitals & Research Institute Ltd. • Artemis Medical Institute & Hospitals Pvt. Ltd. • Asian Heart Institute & Research Centre Pvt. Ltd. • B P Poddar Hospital & Medical Research Pvt. Ltd. • Baby Memorial Hospital Ltd.
Plant capacity: 100 Students, 500 bedded HospitalPlant & machinery: 18 Cr
Working capital: -T.C.I: Cost of Project:123 Cr
Return: 22.00%Break even: 43.00%
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Business Plan for Production of Surgical Products (Surgical Absorbable Suture, Non Absorbable Suture, Surgical Mesh, Bone Wax, C Section Kits, Surgical Glue & Surgical Stapling)

You can save money by selecting surgical supplies carefully and avoiding buying inferior equipment. An essential part of any hospital or doctor's office is surgical supplies. This book can teach you how to choose the best surgical supplies for your needs and why buying surgical equipment should be considered an investment rather than a one-time purchase. Whether you're experienced in this line of work or just want to refresh your memory, this tool can help you streamline your operations. Surgical devices, often known as surgical gadgets, are instruments used during surgery to hasten healing and reduce the amount of time needed for recovery. A number of variables, such as your unique medical state, the sort of surgery you will be having, and more, will determine the ideal surgical product for you. This article will look at all of the many surgical products on the market today and explain how they are used in surgery to help you prepare for your own procedure. Suture for Surgery An instrument used in medicine to hold human tissues together and roughly define the boundaries of wounds after surgery or injury is a surgical suture, often known as a stitch or stitches. For application, a needle with a threaded attachment is typically used. The many suture kinds are determined by the shape, size, and characteristics of the needles as well as the kind of thread utilized. When selecting a surgical suture, one should examine the characteristics and location of the wound or the specific biological tissues that need to be approximated. Biological Sutures Body tissue that requires more than two months of tensile strength shouldn't be stitched with absorbable sutures since they either degenerate through hydrolysis or proteolysis. It is often given intravenously during surgery or in patients who are not likely to return for suture removal to skip future treatments. Sutures That Don't Absorb These sutures don't deteriorate over time and keep their superior tensile strength. They are appropriate for tissues that have been subjected to strong mechanical or shear pressures (tendons, certain skin location). They also give the operator more usability because they require less thread memory. Dental Mesh During surgery, a loosely woven material known as surgical mesh is used to either permanently or temporarily support organs or other tissues. Surgical mesh, which is comprised of both inorganic and biological components, is used in a variety of procedures. Surgery can be used for reconstructive operations such pelvic organ prolapse, while being most usually used for hernia repair. Wax Bone Numerous blood and bone marrow channels can be found in bone. As the spine and sternum are highly vascular bones that are surgically incised or damaged, osseous haemorrhage can be a difficult condition to manage. For the purposes of maintaining bone hemostasis during orthopaedic, thoracic, and neurological procedures, medical-grade sterile bone wax is a crucial component. C section kit A caesarean section, also referred to as a C-section, is a type of surgical procedure where an abdominal incision is made to deliver the baby. Your doctor might suggest this operation if particular pregnancy problems arise, the expecting mother's or the fetus's health is in danger, or if labour doesn't progress as expected. Medical Adhesive Tissue-to-tissue or tissue-to-non-tissue surface adhesion can occur as a result of in situ polymerization when an adhesive contains certain properties. Until newly formed tissue is strong enough to support it mechanically, tissue adhesives are often employed to hold two sides of tissues together and speed up wound healing. Medical Staples Sutures can be replaced using medical devices like surgical staplers and staples. They can quickly fix large wounds or injuries and are less painful for patients than stitches. They are widely used in operations with minimum incision. They can be used to seal wounds in areas where skin is close to bone during operations to remove organs or rejoin sections of internal organs. Market Outlook: Surgical sutures and staplers dominated the market in 2021, accounting for a revenue share of more than 40.0 percent. This may be due to the widespread use and high acceptance rate of sutures and staplers in wound closure procedures. The market for staplers is expected to expand because of the benefits that staplers have over sutures. This includes a speedy wound healing process and a lower risk of infection. Depending on the product, the market is segmented into electrosurgical equipment, handheld surgical devices, and surgical sutures and staplers. The estimated size of the global market for surgical equipment in 2021 was USD 14.34 billion, and from 2022 to 2030, it is projected to grow at a CAGR of 9.3%. Ageing populations, a growth in the incidence of lifestyle problems that eventually necessitate surgery, growing healthcare costs, and huge unmet surgical requirements are the main drivers of the industry. In addition to these elements, it is anticipated that the market will expand over the course of the forecast period as a result of growing technical developments in minimally invasive procedures, shorter hospital stays following surgery, and an increase in the number of ambulatory surgical facilities. Industry Major Market Players: • B. Braun Melsungen Ag • Smith & Nephew plc • Zimmer Biomet Holdings Inc. • Stryker Corporation • Alcon Laboratories Inc. • Aspen Surgical Products, Inc. • Medtronic Inc. • Ethicon Inc. • Becton, Dickinson and Company
Plant capacity: Surgical Absorbable Suture 5,000 Pcs. Per Day Non Absorbable Suture 5,000 Pcs. Per Day Surgical Mesh 5,000 Pcs. Per Day Bone Wax 5,000 Pcs. Per Day C Section Kits 1,000 Pcs. Per Day Surgical Glue 5,000 Pcs. Per Day Surgica Stapling 2,000 Pcs. Per DayPlant & machinery: 69 Lakh
Working capital: -T.C.I: Cost of Project:18 Cr
Return: 31.00%Break even: 56.00%
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  • 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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