Buying a Healthcare Franchise in India: Definitive Guide

on Nov 18, 2021 | 789 views

Written by Aditi                                                                                       Nov 18, 2021

India is one of the Top 10 countries for franchise markets. There is a wide variety of sectors one can buy franchises in and earn profits.  

Healthcare has become one of India's most important industries, both economically and in terms of employment. Among the various types of healthcare are hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. Public and private hospitals make up most of the Indian healthcare delivery system. Government-run healthcare includes only a few secondary and tertiary care facilities in key cities and focuses on providing basic healthcare facilities in rural areas through primary healthcare facilities.

So is buying a Healthcare Franchise in India profitable? And How?

Let’s take a dive into this topic and find out what is the right answer to these questions.

1. WHY HEALTHCARE FRANCHISE INDIA IS A RAPIDLY DEVELOPING FRANCHISE BUSINESS

Below listed are the statistics of the Indian Healthcare Market and Medical Franchise Business in India. 

  • In India, the healthcare market is predicted to reach $190 billion by 2020 and $372 billion by 2022 at a CAGR of 39%

  • In 2018, India's digital healthcare market was valued at INR 116.61 Bn and is forecast to reach INR 485.43 Bn by 2024, expanding at a compound annual growth rate (CAGR) of *27.41% over the 2019-2024 period.

  • The diagnostics market is expected to grow at a CAGR of 20.4% to $32 billion by 2022 from $5 billion in 2012

  • The healthcare market for in-patients is expected to grow at 13% CAGR between 2015 and 20

  • The Telemedicine market in India is the fastest-growing eHealth segment, with a compound annual growth rate (CAGR) of 31% by 2025.

  • A National Digital Health Blueprint in India can unlock more than $200 billion in incremental economic value over the next 10 years.

  • The Indian government has invested in medical education in 157 new medical colleges since 2014 at a total cost of INR 17,691.08 crore

India’s population is constantly rising. There is a huge need for the development of rural areas. Health insurance penetration, technological advancements, the emergence of telemedicine, and government initiatives such as e-health in conjunction with tax incentives are driving the healthcare market in India. The increasing incidence of lifestyle diseases and the increasing healthcare costs are driving demand for affordable healthcare delivery systems. All this has resulted in rapid development in the healthcare franchise in India.

2. WHAT ARE THE BEST HEALTHCARE FRANCHISE OPPORTUNITIES 

Bikram Yoga is one of the best healthcare franchise opportunities today. The world-renowned Bikram Yoga System has been developed by Bikram Choudhury who is also the founder of Bikram’s Yoga College of India. Bikram Yoga offers its practices throughout the world through its affiliated Yoga Studios only which will have the temperature-regulated rooms required to practice and lack of problems with skilled instructors. Founded in 1970 and franchising since 2021, this franchise has 200 units with an initial investment starting from Rs. 52 Lakhs. The Royalty fees are 5%.

Another famous healthcare franchise is that of VLCC, which offers various wellness and beauty services that include weight management programs, beauty packages, skin and hair treatment, non-invasive and minimally invasive dermatology procedures, laser hair reduction, and other regular hair salon services. It was founded in 1989 and has been franchising since 2007. It has around 50-100 franchise units with an initial investment of 30 to 50 lakhs and 15% royalty fees.

Emergency walk-in clinics assisted living homes, and telecare services are examples of healthcare franchises. Medical billing services, emergency walk-in clinics, assisted living facilities, telecare services, massage treatment, patient mobility equipment, medical supplies, and durable medical equipment The healthcare industry benefits from franchises in a variety of ways, including cost reduction, doorstep services, and service expansion. Because of the rising use of technology in the healthcare industry, providers can now gather signs and diagnostic information from patients and their homes without having to visit them.

3. WHAT WILL BE THE FUTURE OF THE HEALTHCARE FRANCHISE IN INDIA

As mentioned above, a growing middle class and an increasing burden of new diseases are spurring the demand for health insurance. Health insurance penetration is expected to grow in the coming years as more people seek quality and affordable healthcare. Due to greater coverage and services, and increased expenditures by both the public and private sectors, India's healthcare sector is experiencing rapid growth.

Indian medical professionals have a competitive edge due to their large pool of well-trained professionals. India is also cost-competitive compared to other Asian and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe. With massive capital investment in advanced diagnostic facilities, the country has also become one of the main destinations for high-end diagnostic services, catering to a larger part of the population.

The Indian healthcare market is highly varied, with potential for providers, payers, and medical technology in every category. Businesses are looking to investigate the latest dynamics and trends that will have a positive influence on their business as competition grows. The hospital business in India is expected to grow at a CAGR of 16–17 percent from Rs. 4 trillion (US$ 61.79 billion) in FY17 to Rs. 8.6 trillion (US$ 132.84 billion) in FY22.  

By 2025, India's government intends to expand public health spending to 2.5 percent of the country's GDP.

4. GROWING FRANCHISE OPPORTUNITIES IN THE HEALTHCARE SECTOR IN INDIA

Here, at Franchise Bazar, you can explore the new healthcare franchise opportunities and choose the one that suits you best. Some renowned franchises we recommend from this sector are -

1. Doctor At Doorsteps

DrAtDoorstep is one of the innovative and unique healthcare start-ups that delivers services so that it can bring the ‘’Family Doctor Clinic’’ to the doorsteps of patients at a very economical and affordable rate. It is the unique health care delivery system that uses Health Informatics (Information and Technology in Health care).

Launched: 2017

Franchising Since: 2021

Investment: Rs.10 –15 Lakhs

Franchise Fee: Rs. 2–5 Lakhs

2. Nimai's Borneo

Nimai provides qualified and professional Doctors who serve mothers and children by providing services for Maternity Care and Pediatric Care. It has had more than seven lakh happy patients and delivered 5000+ neonates, with a 95% success rate over the years. It provides excellent antenatal checkups, guides on antenatal exercises, provides antenatal counseling, guidance on exercise in pregnancy, and what tests need to be carried out in order to know about your and your baby’s health.

Launched: 2019

Franchising Since: 2021

Investment: Rs.2–5 Crore

Franchise Fee: Rs. 20–30 Lakhs

3. ANSSI

At ANSSI, 1500+ patients from India & overseas have been successfully consulted and treated for various spinal disorders with Spinal Decompression Treatment. ANSSI is a wellness center specializing in non-surgical treatment for chronic neck and back pain. It also deals with Leg pain, Sciatica, Shoulder Pain, Slip Disc, Spondylosis, Gap in Spine.

Launched: 2019

Franchising Since: 2020

Investment: Rs.30–40 Lakhs

Franchise Fee: Rs. 1–2 Lakhs

4. DAVA Discount

Dava Discount is the only market leader offering a discount of up to 20-25% on Branded medicine. Dava Discount franchisee assures the best of services for effective and unique marketing skills in the chosen territory or Pincode chosen ensures timely supply of branded medicines at competitive pricing.

Launched: 2018

Franchising Since: 2021

Investment: Not Revealed

Franchise Fee: Rs. 2–5 Lakhs

5. Guduchi

Guduchi The Ayurvedism is Taking the Franchise Route for Massive Expansion To meet the growing demand for effective Ayurveda products. With the best consultation from our expert Ayurveda doctors, patients today trust Guduchi for all major health problems like pediatric emergencies to stage 4 cancer and it is also the natural choice for many to choose Guduchi for all lifestyle disorders like PCOD, thyroid, Infertility, Obesity to mention few.

Launched: 2014

Franchising Since: 2020

Investment: Rs. 5–10 Lakhs

Franchise Fee: Rs. 1–50000

 

You can Browse from the extensive healthcare franchise directory on Franchise opportunities in India Or Call / WhatsApp: +91 98444 43200

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