The concept of franchising has proved to be quite beneficial for healthcare professionals and has given the industry an instant boom. Read on...
In India, the healthcare industry is becoming one of the fastest growing industries and is expected to reach US$ 372 billion by 2022. Healthcare has become one of the India’s largest sectors, both in terms of revenue and employment.
An important factor that has actively given its share in the increasing growth of the healthcare industry is franchising. The concept of franchising has proved to be quite beneficial for healthcare professionals and has given the industry an instant boom. Healthcare entrepreneurs are constantly looking up to buy franchisees of big players existing in the industry to avoid high risks involved in starting an independent business.
The five topmost franchise opportunities in the healthcare industry are here:
#1 Generic Medicines franchise
Effective distribution and retailing is the key to increase the accessibility. Generic pharmacy franchises can be a solution in order to do so. With an eye to improve the healthcare conditions in India, generic pharmacy franchises can bring changes in the Indian healthcare scenario and can be a lucrative business ventures all at once.
#2 Home Care Service Franchise
With an increase in the number of elderly people and others with disabilities, home care services businesses are leading towards a greater growth path. Home care services has also become one of the most growing segments is because of the low-costs services that they provide to the customers. With a great scope for expansion, home care services continue to represent the best opportunities for the franchise industry and it could be one of the best business opportunities for healthcare professionals who wish to enter into entrepreneurship.
#3 Healthcare Equipment Franchise
Healthcare accessories and equipment can never go out of demand as they will always be required by the millennial at some point time of time in their lives. Equipment such as safety accessories, incontinent supplies, adaptive clothing and foot-ware, bed rails, alarm clocks etc are always in demand either by the hospitals or the patients themselves. Therefore, franchises that manufacture all these equipment are growing very fast.
#4 Pathological labs Franchise
India currently has around 1 lakh diagnostic centers out of which pathology labs register the total of about 70 percent. As the range of diseases and their complexity is rising in India, it could be the right moment for franchisors to invest in the pathological franchise business.
Thus, if you are on a path of establishing your own pathology business, consider the following points for being successful.
#5 Ayurveda Centre Franchise
With an increased consumption of medicines across the world, people are looking towards alternative techniques that could get them rid of the lifestyle of consuming pills. This is reason that has driven the demand for the traditional Indian healthcare practices.
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