Disposable Syringe business plan in India

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Disposable syringe is a hollow cylinder used to either draw blood sample or administer any liquid into the bloodstream of a patient or a object, either through needle, tubing or nozzle.

Market Overview
  • Disposable Syringe market is approx. INR 47000 Cr (USD 6.5 billion) market in 2020 and expected to be of INR 71000 Cr (USD 9.7 billion) market by 2027, growing at CAGR of 5.7% from 2020 to 2026.

  • In India, the Disposable Syringe as a product is approx. INR 977 Cr market in 2019 and expected to be of INR 2156 Cr market by 2027, with CAGR of 9.19% (Average usage of syringes per person per year in India is 2.9).

Segments and Sub segments
  • The disposable syringe product can be further seen into following sub segments:

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International Market opportunity
  • Health ministries/Government departments of various countries, Multilateral funding agencies – UNICEF, United Nations Children's Fund, Azmi Enterprises, Bangladesh, Propato HNO’S, Argentina were the major buyers of India made Disposable syringe.

  • Top export destinations where Indian manufacturers (for the year 2019-20)

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  • USA is the major exporter to India in value and China is the major exporter in quantity.

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Competition
  • In the Indian market, there are approx.. 40 major players in the industry, of them 75% - 80% +of the market is with 8-9 players.

  • The small payers holding 20 % of the market, having having turnover between INR 1- 10 Cr. They are engaged into Syringe and allied products manufacturing products.

Report coverage
  • The report is a detailed business plan of Disposable syringe manufacturing unit in India. The report covers

  • Introduction

  1. Report structure and approach

  2. Product variants in Disposable syringe

  3. Segments and Sub segments

  • Market Data

  1. Global Market size – Current and Future

  2. Indian market size – Current and future

  3. Variant wise market size – Current and future

  4. Nature of buyer wise – Current and future

  5. Demand supply gap and the size of business opportunity

  • Manufacturing details

  1. Raw material required

  2. Manufacturing process

  3. Machines required

  4. Details of machine and raw material suppliers

  5. Licenses and certificates required

  6. Operational Manpower requirement and organization chart

  • Existing players and their profile

  1. Players in the market

  2. Detail profile – Revenue, customer, size, team profile etc.

  3. SOWT of major players

  • International Trade

  1. India’s historical import and export – By value and volume

  2. Major Exporting destinations

  3. Major importing destinations

  4. Major players buying from India (with their contact details)

  5. Major players supplying to India (with their contact details)

  6. Major Indian players importing from outside India and reasons for the same

  • Government schemes and support

  1. State wise government schemes and subsidies

  2. Government policy

  • Financial Plan

  1. Capex required

  2. Opex requirement

  3. Forecasted Income and Expenditure statement

  4. Break Even Analysis

  5. IRR & ROI

  • The business idea analysis

  1. Summary of business prospects

  2. SWOT Analysis of the business

  3. Market Dynamics

  4. Trade channels and margins

  5. Associated risk with the business and possible mitigation plan

  • Go -to Market Strategy

  1. Strategic options to enter market

  2. Resource requirement for each strategic option

  3. Pros and Cons of each strategic option

  4. Other resource requirement

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