Medical Devices / Equipment

Product/Service description

A manufacturing unit that has all the equipment required to manufacture...

Product/Service description

A manufacturing unit that has all the equipment required to manufacture, sterilize, package, label, transport and store disposable syringe for the healthcare market.

Product/Service description

A manufacturing unit that has all the equipment required to manufacture, sterilize, package, label, transport and store disposable syringe for the healthcare market.

Market Scope/Potential

Ever since glass syringe has been replaced by plastic polypropylene syringe, it's demand has been on the rise. Since these syringes are disposable, all the healthcare centres need to replenish their stock from time to time. Therefore, syringe manufacturing business has a good potential in the healthcare market.

Opportunities

The demand of disposable syringe is huge.

Though there are a number of manufactures into this venture, eastern part of India still lacks syringe manufacturing units.

The manufacturers are usually involved in making low quality syringes for local use and high-quality syringes for export.

Risks

Huge investment is required.

A big team of professionals and workers are required.

Proper storage facilities are needed.

Competition is more.

Entrepreneurial qualities

A person who wants to dive into syringe manufacturing business should have an experience in the manufacturing of medical equipment. He/she should also have good managerial skills to control a big team of people. The person should be ready to make huge investments. Marketing strategies should also be up to the mark.

Dos

A license is required before starting the business.

Proper sterilization of the syringe is necessary before transporting it to the market.

Visit an existing manufacturing unit to get more idea about the entire process.

Don'ts

Don't compromise on the quality of the manufacturing machines and processes, as it can put a lot of people into health risk.

Conclusion

This business is for people who have a financially strong background and a previous experience in the field of manufacturing of healthcare equipment.  They should also be able to manage a big team of people and should be dedicated enough to produce good number of products each day without compromising on the quality.

Product/service description

 A retail shop that supplies and...

Product/service description

 A retail shop that supplies and sells different kinds of surgical instruments to the local medical practitioners, dentists and veterinarians...

Product/service description

 A retail shop that supplies and sells different kinds of surgical instruments to the local medical practitioners, dentists and veterinarians within the city. The business also deals with free delivery of the instruments to the hospital and clinics. Special discounts would also be given for regular customers and for those who order in bulk.

Market Scope/ Potential

With the rise in the healthcare facilities, there is a huge demand of surgical instruments in the market. Though there are many other retailers in the business that involves the supply of medical devices, there is still a scope for people who have good marketing skills, excellent contacts with medical practitioners and have good knowledge about their niche market.

Opportunities

Demand is more and the business is highly profitable.

It is an evergreen market where there is always a need for more surgical instruments.

With the advent of technology, many modern surgical devices are being introduced in the market regularly and these too have a great potential to yield profit.

Risks

Space for retail shop is needed.

Investment is huge as surgical instruments are costly.

Competition is more so smart market strategies are required to succeed in the business.

The instruments sold should be of high quality, as it directly affects the health of the people.

License is required to start the business.

Entrepreneurial qualities

A person who wants to venture into the business of supplying surgical instruments must have a degree in pharmacy and should be well-acquainted with medical devices. He/she should also be a person who has good relations with healthcare providers and veterinarians around the city. Free delivery scheme is being provided so transport facility should also be available. The person should know good marketing strategies, as it is a highly competitive field.

Do's

The business should be registered.

There should be a proper warehouse to store the instruments.

The instruments should in no way be infected or contaminated.

All the instruments should be properly labelled so as to keep them sorted.

A website can be maintained to advertise about the business effectively.

A good market research is required.

Don'ts

Don't sell low quality products, as it can affect the health of people.

The healthcare market is huge. Don't venture into everything at one time. Focus on your niche market, analyse the demands of the customers, gain their trust and then move forward one step at a time.

Conclusion

Though the supply business of surgical instruments has great prospects, it needs a person who is hardworking and dedicated. The person should also be able to maintain good interpersonal relationships with medical practitioners, dentists and veterinarians. A knowledge of marketing is very crucial for the growth of the business.