Why Invest in Rashi Diagnostics Franchise in India 2024
Written By: Shruti Agrawal
Rashi Diagnostics Franchise: Pioneering Healthcare Through Innovation
With the changing landscape of healthcare, people are now focusing more on their health and making sure to go for regular checkups. This gets its pace because the COVID-19 pandemic impacted the entire world. This led to advancements in diagnostics that have played a pivotal role in enhancing the accuracy and efficiency of medical treatments. Among the many diagnostic centres and laboratories that have contributed to this transformation, one name stands out - Rashi Diagnostics. So why not invest in the Rashi Diagnostics franchise right away?
Don’t be confused, our blog will give you insights into the market trends governing the growth of the diagnostics franchise in India, how to start a Rashi diagnostics franchise right away and the benefits of starting one.
Let’s get started.
About Rashi Diagnostics
Rashi Diagnostics, a renowned name in the field of healthcare, has a rich history that dates to its inception. Founded in 2005 by Dr Rashi Goel, a visionary with a passion for healthcare and technology, the centre started as a small clinic offering basic diagnostic services.
Over the years, it has grown into a leading diagnostic center, known for its cutting-edge technology, state-of-the-art facilities, and commitment to patient care.
Dr. Rashi Goel's journey is a testament to her dedication to making healthcare accessible and reliable. Her background in medicine, coupled with a deep understanding of the evolving healthcare landscape, enabled her to establish Rashi Diagnostics as a hub for precision diagnostics.
It maintains international standards for its laboratory equipment and tests. They are known for providing the best quality medical diagnostics and serving the community at its best from seven different locations.
It also offers online reports for its patients, which can be accessed using a login ID and password provided by the company.
The Technology Used by Rashi Diagnostics
One of the key reasons behind Rashi Diagnostics' success is its relentless pursuit of innovation in diagnostics. They consistently invest in the latest technologies and equipment, ensuring that patients receive accurate diagnoses and timely results.
- Advanced Imaging Services - It includes MRI, CT scans, ultrasound, and X-rays, which are vital in diagnosing a wide range of medical conditions, from fractures to neurological disorders.
- Laboratory Services - It has next-level state-of-the-art facilities. With a team of highly skilled technicians and the most advanced equipment, the centre offers a wide range of tests, including blood tests, microbiology, histopathology, and more.
- Genetic Testing - It has ventured into the field of genetic testing. They offer a wide array of genetic tests, from carrier screening to pharmacogenomics.
- Telemedicine and Remote Monitoring - In response to the changing healthcare landscape, Rashi Diagnostics has allowed Patients to consult with specialists, access their test results, and receive medical advice from the comfort of their homes.
- Artificial Intelligence (AI) Integration - They integrated AI into their diagnostic processes. It aids in the interpretation of complex medical images, improving accuracy and reducing the time required for analysis. This is particularly valuable in the early detection of conditions like cancer and cardiovascular diseases.
Why Invest in Rashi Diagnostic Franchise in India?
Rashi Diagnostics offers franchise opportunities for those interested in owning a Rashi Diagnostics Center. The Rashi Diagnostic franchise costs will be around INR 10 lakhs- 15 lakhs and franchise fees are INR 2 lakhs-5 lakhs for owning a Rashi Diagnostics Center franchise.
Investing in a Rashi Diagnostic franchise can be a good opportunity for entrepreneurs who are looking to start a business in the medical diagnostics industry.
- Brand Recognition - Rashi Diagnostics is a well-known brand in the medical diagnostics industry, with a reputation for providing high-quality services.
- Low Investment - The cost of investing in a Rashi Diagnostics franchise is relatively low. This can make it an attractive option for entrepreneurs who are looking to start a business with limited capital.
- Award-Winning - Rashi Diagnostics has won several awards for excellence in healthcare, including the Worldwide Achievers HealthCare Excellence Summit. This can be a good indicator of the quality of services provided by the franchise.
- Growing Industry - The medical diagnostics industry is growing rapidly and is expected to continue to do so in the coming years. This can make investing in a Rashi Diagnostic franchise a good long-term investment.
Prerequisite For Starting Rashi Diagnostic Franchise
To become a franchisee, certain requirements need to be met. Although the specific requirements may vary depending on the location and other factors, here are some general requirements:
- The franchisee will need to make an initial investment to set up the franchise location. The investment required for a Rashi Diagnostic franchise is relatively low.
- The franchisee should have some experience in the medical diagnostics industry or in running a business, to ensure its smooth and efficient running.
- The franchisee will need to select a suitable location for the franchise such as a medical office or clinic also it should be easily accessible and have a good amount of foot traffic.
- Franchisees must comply with healthcare regulations and licensing in the decided area.
- Franchisees need to purchase the necessary equipment to set up the franchise location. They should meet the standards set by Rashi Diagnostics to ensure high-quality services.
- Franchisees must be committed to maintaining quality standards and patient care.
- Franchisees review the franchise disclosure document (FDD) provided by the franchisor for detailed information on costs.
Market Trends Of Diagnostic Franchise In India – Future Of Diagnostics Franchise in India
In 2022, The Indian diagnostics market was valued at around USD 1.25 bn. It's a growing sector with an annual CAGR of 11-12%. The market is projected to grow at a CAGR of 9% between 2022-30 to reach USD 2.5 bn.
The Indian diagnostic market is highly fragmented, with over 100,000 labs. Standalone centres account for 48% market share, followed by hospital-based labs with 37% share and national chains accounting for only 5% share.
The Indian diagnostic market provides an opportunity for consolidation. Special discounts and packages for different kinds of diagnostic tests are offered by various diagnostic chains and hospital laboratories.
This trend is expected to create lucrative opportunities for the growth of the diagnostic labs market in India. The Indian population is quite conscious about their health and believes in getting early diagnosis and treatment done if they have any disease or ailment.
The diagnostic industry in India is projected to contribute significantly to the healthcare industry.
The Rashi Diagnostics franchise represents an exceptional opportunity to become part of a pioneering force in healthcare innovation. With its commitment to cutting-edge technology, patient-centric care, and a proven business model, it offers a pathway to success in the diagnostics industry.
By embracing innovation and upholding high-quality standards, Rashi Diagnostics franchises not only contribute to the advancement of healthcare but also offer invaluable services to their local communities.
As a beacon of excellence, a Rashi Diagnostics franchise allows entrepreneurs to make a meaningful impact on healthcare while building a promising future in the world of diagnostics.
Contact us at FranchiseBazar to start a Rashi diagnostics franchise right away!
Written By: Resham Daswani
Written By: Moni Evangilin
Written By: Divisha Pandey
Written By: Shruti Agrawal