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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


 

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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.

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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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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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