Overview
Who would’ve though that a profit which was as niche and the deals for which was as specific as it could get, the market for which is now expected to be growing from $1196,74 million in 2018 to reach $1736.26 million by 2025. It is the “Surgical Gown Business”we are talking about
With the ongoing pandemic bought on the entire world population by the Nobel coronavirus aka COVID-19 these surgical gowns have been one of the the most required medical equipment along with surgical masks, gloves etc
The ability of the surgical gowns to reduce the transmission of bacteria and viruses from the surgical staff, patients to the air in the operating room and to avoid the flow of these pathogens among people has what has contributed to the growth in production and demand for this medical equipment
India in fact has gone from producing 0 to 4.5 lakh P.P.E (personal protective equipment) per day and important element of which is this surgical gown.
With such a huge market and such demand in need its more than required at the same time profitable for you to take up this business and here’s how
Market potential and uses
Surgical gowns are a part of the personal protective equipments which are used in the health care setting and are worn by the wearer to protect himself from the spread of infection and illness if and when he comes into contact with a potentially infectious liquid or solid element
The market potential for the surgical gown business is up and rising with this market reaching $1723.10 million by 2024 and for the following reasons
- Increased potential in spread of infectious pathogens(virus, batteries etc) and illness
- Increased elderly population
- Increase in the level of chronic diseases
- Accelerating health expenditure
- Increased need to ensure safety and protection
- Innovation in the medical equipments
- New rules and regulations
Further the potential for your surgical gown making business can be elaborated on the following basis
On the basis of type of surgical gown:
- Disposable
- Reusable
On the basis of level for which gown is required
Level 1 : Used for minimal risk of exposure situation (Basic care purpose)
Level 2 : Used for low risk of exposure situation (Blood drawing purpose)
Level 3 : Used for moderate risk of exposure (surgical procedures)
Level 4 : Used for high risk of exposure situation (fluid intense surgical procedures)
On the basis of purpose of the surgical gown
- Surgical gown
- Surgical isolation gown
- Non-surgical gowns
On the basis of uses of surgical gowns
- Used to assure precaution and contain the spread of virus while coming in contact with an infected person
- Used by the medical staff in perform surgeries
- Used to be worn by patients
- Used in clinics
- Used by the ambulance staff
- Used by the diagnostic centres
Read More: How to Start Industrial Glove Making Business ?
Licenses required
The licenses required to set up a surgical gown business is as follows
- Permit by the CDSCO of India
- License from DCGI
- GST registration
- NOC by the state pollution control board
- Trade license
Investment required
The investment required to set up this surgical gown business is ₹40000-₹3lakhs.
Profits
The profits made from a surgical gown making business per month is ₹270000.
Target consumers
The target consumers for this business are as follows
Hospitals: The hospitals staff including nurses, doctors, surgeons and patients require the surgical gowns for the purpose of ensuring the safety of other patients and to contain all sorts of infectious spreading.
Ambulance surgical centres: The ambulance surgical centres require surgical gowns for the purpose of coming in contact with the wounded, infected and injured patients while maintaining the transmission of diseases.
Diagnostic centres: The diagnostic centres require surgical gowns because of the nature of their work which involves testing blood samples and diagnosing for the purpose of protecting themselves from any infected sample.
Clinics: The local and regional medical clinics like that of dentists, children specialists, dermatologists etc also are in need of surgical gowns for the purpose of protecting themselves from any sort of pathogen spread.
Read More: How to start Digital thermometer business ?
Area required
The area required to set up this surgical gown business is 200-700 sq ft
Raw materials required
The raw materials required to set up a surgical gown business is
- Polypropylene
- Non woven fabric
- Antibacterial and antistatic finishes
- Polyester
Process of surgical gown making
- Spun bonding
- Melt blowing
- Pad-dry-cure
Machinery required
The machinery required to set up this busines is as follows
- Fabric feeding machine
- Collar welding machine
- Automatic surgical gown making machine
- Antibacterial and antistatic sprayers
- Packaging machine
Manpower required
The manpower required to set this surgical gown making business is
- 2-skilled workers
- 3-unskilled workers
Moreover, ample training in terms of the following must also be provided with
- Equipment handling
- Machine usage
- Safety and precautions
Business model and growth
The business model of the surgical gown making business can be defined using these four variants
Value proposition: The value which this business is likely to provide to you is
- Easily available raw material
- Specific niches to cater to
Target consumers: The target consumers for this business are as follows
- Hospitals
- Ambulance surgical centres
- Clinics
- Diagnostic centres
- Others
Competitor review: The competitors to your business in this sector as are follows:
- Microtrack surgicals
- Ara India
- Dispowear sterite company
Marketing strategy: The marketing strategy that can be implemented by your business are as follows
- Tie ups with hospitals like Apollo, care etc
- Sales promotion through cash and bulk discounts
- Print media: blog and articles justifying the quality of your surgicals Gowns
Growth
The surgical gown business has witnessed and has the potential for the following growth prospects
- The global surgical gown business is expected to grow at a CAGR of 5.27%
- The growth in surgical gowns has been pampered by the laymen because of the increased caution among people to contain the spread of corona virus untill 2022
Profit margin
The profit margin which this business is likely to yield to you is 20%-30%
Suggestions
You’ll be doing your bit by helping India keep up with the pace of this virus while making some bucks for yourself so, this business is likely a no brained and here’s why you should take it up
- Firstly, the increase awareness in terms of caution and safety among the consumers has increased the demand for surgical gowns even among the laymen and consumers because of COVID 19
- Secondly, this business has many specific niches and distribution channels for you to cater to keeping your operations minimal
- Lastly, the profits from this business are likely to offset any delay in the ROI