Buying a Healthcare Franchise in India: Definitive Guide

on Nov 18, 2021 | 1609 views

Buying A Healthcare Franchise In India: Definitive Guide

Written By Aditi Vernekar                                                                  November 18 2022

Franchise markets in India rank among the top ten. Profits can be earned in a wide variety of industries through franchise ownership.  

Healthcare has grown to be one of the most important industries in India, both economically and in terms of employment. Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all examples of healthcare. Public and private hospitals dominate the Indian healthcare system. Government-run healthcare includes only a few secondary and tertiary care facilities in major cities and focuses on providing basic healthcare in rural areas via primary care 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.

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. 

  • The healthcare market in India is expected to reach $190 billion by 2020 and $372 billion by 2022, with a 39 per cent CAGR.

  • The digital healthcare market in India was worth INR 116.61 billion in 2018 and is expected to be worth INR 485.43 billion by 2024, growing at a compound annual growth rate (CAGR) of *27.41% between 2019 and 2024.

  • From $5 billion in 2012, the diagnostics market is expected to grow at a CAGR of 20.4 per cent to $32 billion by 2022.

  • Between 2015 and 2025, the healthcare market for in-patients is expected to grow at a CAGR of 13%.

  • With a compound annual growth rate (CAGR) of 31% by 2025, India's telemedicine market is the fastest-growing eHealth segment.

  • Over the next ten years, a National Digital Health Blueprint in India could unlock more than $200 billion in incremental economic value.

  • 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

 

The population of India is constantly growing. There is a critical need for rural development. The healthcare market in India is being driven by health insurance penetration, technological advancements, the emergence of telemedicine, and government initiatives such as e-health in conjunction with tax incentives. The rising prevalence of lifestyle diseases, as well as rising healthcare costs, are driving demand for low-cost healthcare delivery systems. All of this has resulted in the rapid development of the Indian healthcare franchise.

What Are the Best Healthcare Franchise Opportunities?

Bikram Yoga is one of the most promising healthcare franchise opportunities available today. Bikram Choudhury, the founder of Bikram's Yoga College of India, created the world-renowned Bikram Yoga System. Bikram Yoga practises are available all over the world through its affiliated Yoga Studios, which will have the temperature-controlled rooms needed for practice as well as a lack of problems with skilled instructors. This franchise, which was founded in 1970 and has been franchising since 2021, has 200 units with an initial investment of Rs. 52 lakhs. Royalty fees are set at 5%.

Another well-known healthcare franchise is VLCC, which provides a variety of wellness and beauty services such as weight management programmes, beauty packages, skin and hair treatment, non-invasive and minimally invasive dermatology procedures, laser hair reduction, and other standard hair salon services. It was established in 1989 and began franchising in 2007. It has approximately 50-100 franchise units with an initial investment of 30 to 50 lakhs and 15% royalty fees.

Healthcare franchises include emergency walk-in clinics, assisted living facilities, and telecare services. Medical billing services, walk-in clinics, assisted living facilities, telecare services, massage therapy, patient mobility equipment, medical supplies, and durable medical equipment are all available. Franchises benefit the healthcare industry in a variety of ways, including cost reduction, doorstep services, and service expansion. Because of the increased use of technology in the healthcare industry, providers can now gather signs and diagnostic information from patients and their homes without visiting them.

What Will Be the Future of the Healthcare Franchise in India?

Health insurance is becoming increasingly popular, in addition to the rise of the middle class and the burden of new diseases. As more people seek quality and affordable healthcare, health insurance penetration is expected to rise in the coming years. India's healthcare sector is rapidly expanding as a result of increased coverage and services, as well as increased expenditures by both the public and private sectors.

Because of their large pool of well-trained professionals, Indian medical professionals have a competitive advantage. India is also distinct from other Asian and Western countries in terms of cost-competitiveness. Surgical procedures in India are about 10% less expensive than in the United States or Western Europe. With significant capital investment in advanced diagnostic facilities, the country has also become one of the primary destinations for high-end diagnostic services, serving a larger portion of the population.

The Indian healthcare market is diverse, with opportunities for providers, payers, and medical technology across the board. As competition increases, businesses are looking to investigate the latest dynamics and trends that will have a positive impact on their business. Between FY17 and FY22, the hospital business in India is expected to grow by 16-17 per cent, from Rs. 4 trillion (US$ 61.79 billion) to Rs. 8.6 trillion (US$ 132.84 billion).

The Indian government intends to increase public health spending to 2.5 per cent of the country's GDP by 2025.

Growing Franchise Opportunities in the Healthcare in India

Here, at Franchise Bazar, you can explore the new healthcare franchise opportunities and choose the one that suits you best. We recommend the following healthcare franchises.

1. Doctor At Doorsteps

This innovative and one-of-a-kind start-up brings health care to patients' doorsteps at very affordable prices. It is a unique approach to health care delivery that uses Health Informatics (Information and Technology in Health Care).

Launched: 2017

Franchising Since: 2021

Investment: 10 –15 Lakhs

Franchise Fee: 2–5 Lakhs

2. Nimai's Borneo

Providing Maternity Care and Pediatric Care, Nimai offers the best qualified and professional doctors. The hospital has served more than seven lakh patients over the years, and it has delivered more than 5000 babies with a 95% success rate. It offers excellent antenatal checkups, guides on antenatal exercises, antenatal counselling, advice on exercise in pregnancy, and what tests are required to learn about your and your baby's health.

Launched: 2019

Franchising Since: 2021

Investment: 2–5 Crore

Franchise Fee: Rs. 20–30 Lakhs

3. ANSSI

At ANSSI, 1500+ patients from India and around the world have been successfully consulted and treated for a variety of spinal disorders using Spinal Decompression Treatment. ANSSI is a health and wellness centre that specialises in the non-surgical treatment of chronic neck and back pain. It also treats leg pain, sciatica, shoulder pain, a slipped disc, spondylosis, and a gap in the spine.

Launched: 2019

Franchising Since: 2020

Investment: 30–40 Lakhs

Franchise Fee: 1–2 Lakhs

4. DAVA Discount

Dava Discount is the only market leader that offers up to a 20-25 per cent discount on branded medicine. Dava Discount franchisees guarantee the best services for effective and unique marketing skills in the chosen territory or Pincode, ensuring a timely supply of branded medicines at competitive pricing.

Launched: 2018

Franchising Since: 2021

Investment: Not Revealed

Franchise Fee: 2–5 Lakhs

Guduchi

Guduchi The Ayurvedism is pursuing massive expansion through franchising. To meet the growing demand for high-quality Ayurvedic products. Patients today trust Guduchi for all major health problems ranging from paediatric emergencies to stage 4 cancer, and it is also the natural choice for many to choose Guduchi for all lifestyle disorders such as PCOD, thyroid, infertility, and obesity, to name a few.

Launched: 2014

Franchising Since: 2020

Investment:  5–10 Lakhs

Franchise Fee: 1–50000

 

Wondering what would be the Healthcare Franchise Cost? Check it here.

You can Browse from the extensive healthcare franchise directory here or Register to take a franchise here Franchise opportunities in India Or Call / WhatsApp: +91 9844443200

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