Hotline: 1800 102 2007
X
Search Business Opportunities
Beauty & Wellness 2015-10-28

Diagnosing the beauty of wellness business

A healthy body and a beautiful mind can make one achieve goals and targets in life. Here is a brief on how the act of balancing health and wellness can bring in the joy of profitable returns via franchise business across health beauty and wellness sector.

Diagnosing the beauty of wellness business

Words wisely said by Mahatma Gandhi, “It is health that is real wealth and not pieces of gold and silver”. Beauty and health industry is one recession free business that is growing year-on-year (y-o-y ) with the ever increasing demand of people to stay fit and beautiful. The industry has now evolved to another level of conception and has diversified in length and breadth. It has witnessed a transition from a cocoon to a fully bloomed industry creating a great lot of opportunity for investors.

As per Sameer Kaul, COO, Metropolis Healthcare Ltd: “Healthcare at the primary level involves hospitals and on secondary level it’s the trauma centres, which is in part and parcel of the healthcare industry. But diagnotics are on the tertiary level because no treatment starts without any reports of the diagnosis. Therefore, diagnostics industry in India is growing exponentially and better than the overall healthcare industry. The brand is tapping the North India market for further expansion and eyes on partnering with franchisees too.”

The diagnostic brand, Metropolis is not very familiar in north India, but boasts to be the largest chain of diagnostic centres in Asia, predominantly, in South and West India. It has operations all across the world, even in the emerging countries and have recently opened infrastructure now in north India. 

Market @ a glance

As revealed in the study ‘Healthcare Industry in India’ conducted by Indian Brand Equity Foundation, the overall Indian healthcare market today is worth US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a compound annual growth rate (CAGR) of 22.9 per cent. Healthcare delivery, which includes hospitals, nursing homes and diagnostics centres, and pharmaceuticals, constitutes 65 per cent of the overall market.

However, in a study jointly conducted by industry body Federation of Indian Chambers of Commerce and Industry (FICCI) and global consulting firm PricewaterhouseCoopers (PwC), the wellness industry in India was poised to touch Rs 1,00,000 crore (Rs 1 trillion) in 2015, with a compounded annual growth rate of 15-17%, from about Rs 70,000 crore in 2012.

Diversification, route to success

The modern beauty and wellness industry has gone through stages of makeover via technical assistance. A North India- based salon chain, Strands also vouches for technology the integral part of their roster.

Naunihal Singh, CEO, Strands Salon says: “I take this opportunity to announce that Strands have tied up with a renowned Yoga professional and we are very soon launching a chain of YOGAGYAAN Centre where yoga for fitness of body and mind will be rediscovered.” Recently, Strands have launched a new bouquet of authentic asian therapies under the brand name SALUS ARA SPA.

Potential franchisees

Taking franchising of a well established brand is something which is a proven concept and people have succeeded in. And by large quantity, brands across sectors are taking up this route for expansion.

“Potential healthcare franchisees should be an entrepreneur with passion to take away the business to another level. Must possess credibility, have an advantages of healthcare exposure, should have capital to invest and local expertise to offer quality services to the local customers. Apart from these, anybody with pathology expertise, accreditations, scale /hub and spoke model, marketing and sales support, technical support/ accuracy, customer care and brand pull will be preferred,” says Kaul.

Meanwhile Singh of Strands Salon envisions reaching the total count of 200 salons by 2018 and further ensuring beauty and wellness secrets reach to every doorstep.

Comment
Related opportunities
  • Quick Service Restaurants
    About Us: Owned and operated by Bloombay Enterprises LLP, The Belgian Waffle Co. was..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: India’s First Protein Chain. No Competition in Same Product Category..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Robotics & Technical Training
    IndiaFIRST™ ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Casual dine Restaurants
    About Us: Our Restaurant Chain Serves Fresh Pizza, Pasta, Soups and..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts