The healthcare market is expected to take a high jump to Rs 8.6 trillion by 2022. Thus, investing in a healthcare business is going to be quite fruitful in the coming years.
Healthcare has become one of the largest sectors in India, both in terms of revenue and employment. The market is expected to take a high jump to Rs 8.6 trillion by 2022. Thus, investing in a healthcare business is going to be quite fruitful in the coming years.
Here are 5 best new age business ideas in healthcare sector that are promising and ensure better returns on investment.
Ayurvedic treatment business
Ayurveda has gained a lot of popularity among the masses in the recent years. Customers are now opting for the traditional medical systems like yoga and ayurveda for their holistic treatment. Ayurveda offers different business opportunities for people who wish to venture into healthcare sector. They can open a store for selling ayurvedic and herbal products. An Ayurvedic clinic can also be beneficial.
Investment: INR10,000 to 50,000 approx
ROI: 16% approx
There is an emerging need of diagnostic centres in India as the population of diseased people is increasing day by day. To open a diagnostic centre of your own, it requires an intensive research and planning. A degree in the same field can help you a lot to establish a business like this. Franchising with other big players in the field such as Thyrocare, SRL Diagnostics etc, can help you in entering the market easily.
Investment: INR 2-5 Lac approx
ROI: 25-30% approx
Polyclinics are always in demand by customers as they not only provide general treatment but also provide out-patient services to them. Studies reveal that majority of the customers turn up to a polyclinic rather than going to a hospital. However owning a polyclinic is not easy as it requires a professional degree along with license to open a clinic in a location. To open a polyclinic, you have to be sure which kind of medicines you are going to use.
Investment: INR 50 lac to 1 crore approx
ROI: 40% approx
Pharmacy has a wider scope of opportunities for entrepreneurs who aspire to enter the healthcare sector. Customers often go to pharmacies to treat their smaller injuries or illnesses, and this is the reason why this business has a wider spectrum of scope. If you have a great retail space with a proper location, the business can flourish itself with a good amount of returns.
Investment: INR 20-50 lac approx
ROI: 11% approx
With a good amount of exposure to technology-driven gadgets, customers have developed severe eye-related issues such as myopia and hypermetropia. An eye clinic can serve those customers with proper eye treatment.
To venture into this business, one must have a degree in opthamology, a branch of medicine and surgery that deals with diagnosis and treatment of eye disorders.
Investment: INR 50,000 to 1 Lac approx
ROI: 40% approx