Oxygen is a biological requirement to maintain life in the earth, no life is possible without it. There is a lot of gas in the atmosphere, out of which the gas we absorb is oxygen. But when someone has trouble breathing due to some disease, then he is admitted to the hospital. In such a situation, doctors first apply oxygen to the patient.
Therefore, the need for oxygen gas cylinders is very high in medical hospitals. Recently, oxygen gas cylinders are being used a lot due to the worldwide epidemic like Coronavirus. Due to increasing corona patients day by day, there is a shortage of oxygen cylinders in many hospitals. In such a situation, if you start its manufacturing plant, you will get a lot of benefit from it. Here we are giving some tips and information to start it.
Manufacturing Unit of Medical Oxygen Cylinder
To start a manufacturing unit of Medical Oxygen Gas Cylinder, you will need to contact its manufacturer. Because they will give you all the information from oxygen manufacturing to its cylinder filling. After this, you can start your business.
Medical Oxygen Cylinder Business Equipment
You also need to understand the logistics of medical oxygen business. Be sure to know about the equipment required to produce your own oxygen. There are many oxygen concentrations available in the market. Oxygen supply business also requires some additional equipment such as –
- pressure gauge,
- oxygen mask,
- Cannula and
- Other elements etc. to fit the entire system together.
You need to make a business plan to decide which elements will be part of your oxygen supply business, which will also determine the kind of facility you will need. Like any business venture, there is much to learn from the market research, potential customer base and opportunities available to entrepreneurs.
The oxygen gas filled in the medical oxygen gas cylinder is completely pure. Let us tell you that medical-grade oxygen accumulates above 85% and below a certain percentage of impurities, this shows its purity. If you are going to start the business of oxygen gas cylinders, then you must first keep in mind that it does not contain any toxins or other chemical elements, it should be completely clean from pollution to a specific standard. Which should not bother any patient by using it. You will need to review all the rules regarding oxygen supply and cylinder handling so that you can ensure that you are following all the standards.
Medical Oxygen Gas Cylinder Transportation
Safety is better for the medical use of oxygen gas cylinders. Therefore special attention is given to its transportation. The pressure in the oxygen cylinder is very high. Tank pressure can be up to 3 thousand PSI for personal or transportable use. Therefore it requires special attention and a safety protocol to be followed while handling it. While planning your oxygen transport, you need to make sure that your goods car or truck works safely in a certain position to prevent them from colliding.
For oxygen cylinder transport it is necessary to review the Department of Occupational Safety and Health Administration and Transport Standards, you must ensure that you can meet all the qualifications. However, this rule is not only for transportation but also for all the standards that you have to meet for storage and production.
License for Medical Oxygen Gas Cylinder Business
When any person wants to start any type of medical-related business, it is important for them to ensure that they also meet all the licensing and permissions requirements.
- Some states require a license to sell specific medical equipment. Therefore, whatever information is required for it at the state level, obtain the license after completing all the formalities.
- It is also necessary to get permission from the local board for where you are starting a business.
- Apart from this, you are also required to check the incorporation laws of your state to understand how to start this new business properly and legally and to register.
Investment in medical oxygen gas cylinder business
Medical oxygen gas cylinder business is a kind of big plant. To start with, you need a lot of capital. To meet your goals, you have to invest at least Rs 10 to 20 lakhs in it. You may need to invest even more in this business. For this, you can take a loan from the bank.
Risks in Medical Oxygen Gas Cylinder Business
Due to very high pressure in the oxygen gas cylinder, there is a big risk regarding the safety of its transport. It has to work by following specific protocols. Therefore, there is a possibility of risk in it.
In this way, you can get a chance to earn millions by starting this business in the coronary, but in this business, you need to be very careful. Which you have to take care of.
Profit in medical oxygen gas cylinder business
These days, due to Coronavirus, there has been a shortage of oxygen gas cylinders in the country, due to which the demand for it has increased a lot. In such a situation, if you do this kind of business, then you can make a lot of profit in these days.