Is A Medical Oxygen Generator Plant Profitable?

June 30, 2022

There are various uses for oxygen, therefore purchasing a plant like this is always a wise decision. Furthermore, people, businesses, and hospitals are in need of more oxygen as a result of the pandemic's current conditions. In the current environment, it is advised to select a company based on an oxygen manufacturing facility, which soon becomes a profitable endeavour. We learned about the significance of oxygen in life from the Covid-19 epidemic. Particularly during the second wave of the pandemic in India, people yearned for the most undervalued object. There were hundreds of deaths throughout the nation as a result of that underestimate. During the second wave, the deadly effects of a lack of oxygen were widely reported in the media, and it was heartbreaking to watch.

Starting a business that can actually save lives is better than doing a good action like saving lives. The Covid-19 significantly increases the market's demand for oxygen cylinders, mostly in hospitals. Therefore, opening an oxygen cylinder facility in a nation that needs it seems like a decent idea. Although the Covid-19 pandemic may appear to be the cause, there are actually additional health-related problems that people face that can only be resolved by oxygen cylinders. It can truly provide a "breath" of relief, which makes the need for it much more pressing now.

One must understand several things, including safety protocols, before engaging in this business. Understanding the important facts will help, and this will be useful in the future. It covers the advantages, disadvantages, and risks associated with this line of work.

Investment is one of, if not the most, crucial components that any type of business requires. If someone wants to start an oxygen plant, they will require at least $30 to $35 lakhs to set it up so that it can produce up to 24 cylinders of oxygen every day. The facility must also be built in the right place. Since it is not a small business, a large sum is obviously required right away. It costs about 35 lacs to set up an oxygen plant that can produce 24 cylinders of gas every day. Such a plant's preparation can be finished in a matter of weeks. With 240 beds, a hospital will require roughly 550 LPM of oxygen. A hospital with 40 ICU beds will need about 5 lakhs of rupees in oxygen each month.

It's not as easy as opening an oxygen cylinder plant just because someone wants to. There are certain more guidelines that must be followed:

1. When handling oxygen cylinders and their supply, all laws and regulations must be upheld.

2. The gas cylinder's oxygen must be pure.

3. It must be free of any toxins or other potentially harmful chemicals.

4. The air must be clear and unpolluted.

It undoubtedly requires some specific approval because it relates to the medical industry:

● The place where the business will be established needs to grant permission. The state's incorporation laws must be carefully examined to determine the requirements for launching a legitimate business. Additionally, before starting your firm, you must register it.

The success of a business is impossible without marketing. Even if there is a high demand for oxygen cylinders at the moment, marketing is still crucial to making a lot of money. Several techniques for advertising include:

● distributing leaflets with information about your oxygen plant to the public.  interacting with local media to promote their presence to the intended audience. blogging about the company to increase its online visibility.

MUST-READ| WHEN IS AN OXYGEN CYLINDER CONSIDERED EMPTY?

A recent shortage of oxygen around the nation brought on by the second wave of the Covid-19 makes it advantageous to construct an oxygen cylinder production facility. Giving those in need good things at this time is wise. An interesting and superior alternative to simply observing people suffer is a company that can save lives while making money for itself. Simply taking a risk and adhering to all the guidelines can result in a secure business launch. In addition to helping to make millions of dollars, it will accomplish the noble thing of saving lives.

For the entirety of the plant's setup, certain more equipment is required. These tools will assist in obtaining pure oxygen rather than dangerous substances. They are:

● Control Panel for PLC

● Vacant Spaces

● Glass Enclosures

● injection holes

● Solid-state power sources

In addition to all of these, the cylinders require the following additional equipment:

● an oxygen mask

● Cannula

● pressure metre

● Flowmeter

● Other elements to complete the system

To prevent contaminated oxygen, the complete plant must have each piece of equipment installed correctly.

Additionally, there is a significant need for oxygen cylinders in numerous hospitals as well as among the general public as a result of the COVID-19 pandemic's abrupt and severe outbreak in the nation. Consequently, starting an oxygen plant firm is currently one of the business ideas that generates the biggest profits.Due to the ongoing demand for oxygen cylinders, investing in an oxygen cylinder facility can be extremely beneficial.

Medkav's Background And Its Technology

A well-known medical oxygen generator, Medkav Technologies offers a comprehensive selection of medical oxygen generating, storage, and transportation services. Our goal is to assist you in getting the most out of your industrial output while maintaining within your budget. Modern oxygen generators that can be used for a variety of commercial and industrial purposes are among our offerings. We collaborate with a variety of reputable national and international vendors. The reach of Medkav Technologies in the healthcare industry is growing quickly. We also offer a secure setting for education. Hospitals could be able to get closer to their patients as the globe grows safer and healthier. The facility's medical oxygen supply is maintained by Medkav's medical oxygen gas generator.

The products of our parent company, Kavia, are tastefully crafted, meticulously examined, expertly produced, and installed at their Bangalore Research Centre. They are also reliable, safe, and energy-efficient. All national and international standards, such as ISO13485 and ISO9001, are met by Medkav.

Products made by Medkav are well known and regarded in medical institutes all over the world. We collaborate with a variety of reputable national and international vendors. The reach of Medkav Technologies in the healthcare industry is growing quickly. We also offer a secure setting for education. Hospitals could be able to get closer to their patients as the globe grows safer and healthier. The facility's medical oxygen supply is maintained by Medkav's medical oxygen gas generator.

MUST-READ| WHAT TO KEEP IN MIND BEFORE BUYING AN OXYGEN GENERATOR?

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