Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Healthcare sector 2018-11-27

Factors Transforming The Indian Healthcare Sector

The rising Indian population has been a major factor behind the transformation and booming of the healthcare industry in India.

By Features Writer
Factors Transforming The Indian Healthcare Sector

The rising prosperity of Indians has resulted in dual disease burden, followed by a continuing rise in communicable diseases. The increasing lifestyle diseases and the growing aging population has made the healthcare industry expand drastically, allowing the healthcare brands to emerge and cater accordingly.

According to a report, the Indian healthcare industry carries the potential to witness the same growth that the software industry showed in the past decade. The healthcare industry has grown to $81.3 billion in 2013 and is now projected to rise to 17% by 2020.

The existence of several popular medical colleges in Madurai has always been a hub of attraction for medical students and investors. The city has successfully utilized technology as a tool, enhancing productivity in every possible manner.

Therefore, establishing a healthcare business in Madurai could be among the best business decision in today’s time for sustaining and earning quick in this quickly transforming industry.

The Rise of Telemedicine

The rise in demand of telemedicine in India is highly contributing towards the evolution of the Indian healthcare industry. The sector is recording tremendous growth, witnessing a giant leap in providing services to the customers.

According to statista.com, there are many rural areas that are still untapped and could be targeted in order to establish a successful healthcare business.

Healthcare investors could target their desired clients by offering quality healthcare services, professional consultation, effective treatment, and timely diagnosis.

Additionally, the government has also proposed some positive initiatives towards transforming the Indian healthcare industry including cities like Madurai.

The Entry of Healthcare Startups

Today’s startups understand the importance of digitalization and use it as their most effective tool. The new and innovative ideas towards enhancing customer’s experience and treatment can explain how lucrative this space is.

You could also utilize technology as a major tool offering the online appointment to online pharmacies. Many startups are establishing in-house healthcare that is emerging as the latest trend in the healthcare industry.

These startups are catering to people of all the age group, constantly working towards enhancing the treatment procedures.

The current technology penetration, growing population, advancing economy, and accelerating healthcare industry are all responsible for the increased demand in digital healthcare.

Those who want to start their own business or take up franchises can join in the FRO 2018, happening in Chennai on 15-16 December, to know more about the franchise business, financial advices, and business advices from the experts. Meet the investors personally and participate to change the small world of business.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Pet Stores
    About Us: Pets Empire manufactures, import and export pet products and..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Gem Selections is a trusted & reliable provider of..
    Locations looking for expansion Delhi
    Establishment year 1987
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
  • Tea And Coffee Chain
    About:   1)   We are Running A Coffee Shop last 5 years..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Real Estate Sub
    About Us: Colive is a technology enabled network of fully- managed..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 50000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
ads ads ads ads