Covid Situation For At Least 5 Years
COVID-19 Pandemic has meant countries have effectively had to shut down, with many world leaders imposing stringent restrictions on the daily lives of billions of people. This pandemic may continue into the 1st half of the decade. Dr. Soumya Swaminathan, the World Health Organization’s chief scientist said “I would say in a four to five-year timeframe, we could be looking at controlling this.” She added that trying to control the virus would require a “massive effort,” even if a vaccine is found.
Need of Medical Oxygen
Oxygen is an essential medicine used to care for patients at all levels of the healthcare system, including in surgery, trauma, heart failure, asthma, pneumonia and maternal and child care. Pneumonia alone accounts for 800 000 deaths per year. It is estimated that 20–40% of these deaths could be prevented with the availability of oxygen therapy.
The COVID-19 pandemic has accelerated global demand for oxygen and made the delivery of oxygen supplies more urgent than ever. The need for oxygen has increased to 1.1 million cylinders in low to middle-income countries alone.
Growing Market
The global medical oxygen concentrators and oxygen cylinders market size was valued at USD 2.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2026. Growing incidence of Chronic Obstructive Pulmonary Diseases (COPDs) and increasing technological advancements for the miniaturization of the oxygen concentrators are some of the key factors expected to drive the market over the forecast period.
The oxygen meant for industries will now be diverted for medical use due to the spike in coronavirus cases in the country. As India touches 16 lakh active Covid-19 infections, a number of states have reported shortages of medical oxygen for a growing pool of patients in need of oxygen support. India plans to import 50,000 metric tonnes of medical oxygen to cater to the rising demand. The Ministry of Health and Family Welfare has been directed to float a tender for the import.
Land / Shed Required
Small Size Oxygen Plant- Capacity Range- 25m3/hr to 80 m3/hour.
Medium Oxygen Plant- Capacity Range-100 m3/hr to 170 m3/hour.
Large Size Oxygen Plant- Capacity Range-200 m3/hr to 5,000 m3/hour.
Working Capital
Cost is a variable factor that depends on numerous things. Talking of oxygen cylinder plant cost in India, it depends on quality of raw materials used, technology and designing of oxygen plants, which are used for generating oxygen gas for use in industries and medicine. The market is full of O2 plant manufacturers but few of them are known for offering high quality machinery at really very competitive prices.
Good Profit
According to the reports, oxygen cylinder business will be one of the biggest business in coming years. As everyone knows, due to the Corona virus spreading across the country these days, there has been a shortage of oxygen gas cylinders across the country, due to which the demand for it has increased tremendously. So, in this way, you can earn a bumper by starting this business.
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Contact us
Unit No. 450, Mastermind-1 Premises, Royal Palms, Goregaon (E.), Mumbai – 400065
