The medical device industry is estimated to grow organically at a CAGR of 15% from 2014-2020 as compared to 2008-2014 as 10%.
The Indian Healthcare industry has been growing at a double-digit rate and has evolved significantly in the last decade. The industry has a growth rate of 10-12%, and with a 12% CAGR, the sector will grow to $250-300 billion by 2025.
Much like drugs, medical devices and equipment is today a key input in the healthcare sector. Widespread availability and easy accessibility of quality medical devices are critical to the realization of our goal of universal healthcare. India is currently the 4th largest medical device market in Asia after Japan, China, and South Korea.
The medical device industry is estimated to grow organically at a CAGR of 15% from 2014-2020 as compared to 2008-2014 as 10%. The medical device industry reaches a value of Rs 649 billion by 2020. Seeing this high potential of the industry, it is viable to invest in the medical device franchise. One such player, Era's Medical Devices & Services Pvt Ltd, offers franchise opportunities in this category.
Era's Medical Devices & Services Pvt. Ltd. is a recognized player in the healthcare segment in India and pioneers in delivering quality healthcare solutions employing ethical business practices. The brand provides a full suite of patient care equipment and service solutions. Its Registered Office is at Mumbai with Branch offices and Display Centers at Lucknow & Delhi. Era's design & development division and the factory is situated in Lucknow with environment-friendly modern manufacturing facilities.
Era medical devices are in this business for more than a decade. The company uses advanced technology to develop the products keeping in mind the end-user with the objective of maximum comfort and safety to the patient and convenience to the medical staff.
The brand aims to be a factor in Health Management of people around the globe by providing affordable hospital furniture of superior quality.
1. Large production capabilities with the ability to cater to any sort of volumes
2. User-friendly equipment
3. Existing network with hospitals, medical institute and centers
4. The child-friendly design which enable them to feel comfortable
5. Equipment rental opportunity is also available
6. Investments made in technology to offer high performance suiting all sort of needs
7. Medical University in India and Abroad provides assistance and support in innovative and deliver the best solutions
The company’s main focus is to give value to its customers. The healthcare and medical equipment/devices market is growing; hence, the need for medical devices is growing in sync with global standards/consumption patterns.
Era’s Medical is a credible name in this category. Also, no other large organized player is offering an opportunity to join the business.
The brand has the first-mover advantage with the opportunity to organize a fragmented and unorganized industry, experience and expertise in the industry, ability to cater to large and bulk orders, and a large customer base. Its clients include the American University of Barbados, King George Medical University, Medanta, Apollo and Rajiv Gandhi Hospital, and many more.
Area – 200 sq ft
Investment – Rs 19 lakh
Stock Required – Rs 15 lakh
Security Deposit – Rs 2 lakh
Franchise Fees – Rs 2 lakh
ROI (5 years) – 132%
Payback – 1 year 5 months
Area – 250 sq ft
Investment – Rs 50 lakh
Stock Required – Rs 35 lakh
Security Deposit – Rs 10 lakh
Franchise Fees – Rs 5 lakh
ROI (5 years) – 162%
Payback – 1 year 3 months