Project report for Surgical bandages

The surgical bandage manufacturing business can be started on a small scale with moderate capital investment. In India, The demand for surgical bandage is found throughout the year. A surgical bandage is a product made from white bleached cotton gauge fabric of suitable quality. The surgical bandage comes in a roll form of 3 to 4 meters in length. With the proper machinery, you can make surgical bandages and place orders in hospitals, nursing homes, drug stores, health centers, clinics. Remember, you need a business license before starting this business. Given the increase in healthcare facilities, an increase in demand for various medicines and non-pharmaceutical items. It has been realized that it is possible to start a surgical bandage making project. Hospitals and basic health units require a wide range of both drugs and non-drug as consumables. Currently, the industry is made up of around 136 units in the organized sector, so there is good scope for new investment.

A bandage is a piece of material used either to support a medical device such as a dressing or splint, or on its own to provide support to or to restrict the movement of a part of the body. When used with a dressing, the dressing is applied directly on a wound, and a bandage used to hold the dressing in place. Other bandages are used without dressings, such as elastic bandages that are used to reduce swelling or provide support to a sprained ankle. Tight bandages can be used to slow blood flow to an extremity, such as when a leg or arm is bleeding heavily. Bandages are available in a wide range of types, from generic cloth strips to specialized shaped bandages designed for a specific limb or part of the body.

The medical tapes and bandages market is projected to reach INR 62500.93 Crores by 2026 from INR 51600.75 Crores in 2021, at a CAGR of 4.0 % during the forecast period. The rising number of surgeries, increasing incidence of chronic wounds, and rising geriatric population are the major factors that are expected to drive the growth of the medical tapes and bandages market during the forecast period. However, the rising awareness about advanced wound care products is expected to restrain market growth in the coming years. India is expected to offer significant growth opportunities to players operating in the medical tapes and bandages market. This can primarily be attributed to the rising trend of medical tourism in these emerging countries. The availability of high-quality surgical treatments at lower costs is the key factor attracting patients towards these countries for undergoing elective surgeries. The increasing popularity of cosmetic surgeries and developing healthcare infrastructure in emerging countries are the other major factors that are expected to offer growth opportunities to market players. In order to leverage the high growth opportunities for medical tapes and bandages in emerging markets, manufacturers are strategically focusing on expanding their presence in these markets.