The healthcare industry offers many great opportunities for those looking to start their own business. There are various types of healthcare franchises to choose from, such as physiotherapy, Ayurveda, wellness, health management, gym services, skin treatment, personal care, and more. If you are interested in the healthcare franchise business, you will likely find an option that suits your interests and goals.
In recent years, the healthcare industry in India has seen substantial growth.The demand for healthcare services like medical treatments, wellness solutions, and personal care is increasing. According to a report by the India Brand Equity Foundation (IBEF), the Indian healthcare market, which was valued at US$ 110 billion in 2016, is expected to reach US$ 638 billion by 2025. This growth is driven by factors such as better health awareness, a growing middle class, and government efforts to improve healthcare access. This booming healthcare market provides an exciting chance for entrepreneurs to enter this growing sector.
In this blog, let’s take a closer look at a few of the top healthcare franchise opportunities and learn how you can start your own business in India.
List of Top Healthcare Franchises
VLCC Health Care Ltd.
Founded in 1989, VLCC is a well-known name in the field of wellness and beauty. The company started franchising in 2007 and now has clinics in over 106 cities in India. If you’re considering investing in this business, the initial investment required can vary, and there is a royalty fee. VLCC offers a wide range of services including weight management programs, beauty treatments, skin and hair care, and non-invasive dermatology procedures like laser hair reduction. The company has built a strong reputation for its health and beauty services over the years.
DIET MANTRA
DIET MANTRA was founded in 2011 and has been offering franchising opportunities since the same year. With multiple franchise units, it is a growing name in the health and wellness space. Starting a DIET MANTRA business requires a significant investment. The brand is powered by India’s leading nutritionist and wellness expert, Namita Jain. The company focuses on providing diet and wellness solutions to people across India. With a healthy profit margin, this opportunity promises a relatively short payback period, making it an attractive option for entrepreneurs looking to invest.
Adidev Herbals Pvt. Ltd.
Founded in 2002, Adidev Herbals Pvt. Ltd. is a trusted name in the herbal healthcare industry. The company began franchising in 2011 and has since expanded with multiple franchise units. The initial investment required to open a franchise varies and typically falls within a reasonable range, with a royalty fee percentage applied. Adidev Herbals specialises in herbal skincare and haircare products. The products are 100% natural and safe to use, with no side effects. These products have gained a strong following due to their high quality and effectiveness.
Orane Institute of Beauty and Wellness
Founded in 2010, Orane Institute of Beauty and Wellness offers training programs in the beauty and wellness industry. The company began franchising in the same year and has since grown to include several franchise units. The investment required to open an Orane franchise varies, and the royalty fee is a percentage of the revenue. The institute is known for inspiring young people to pursue careers in the beauty industry. With the growing demand for beauty professionals, Orane offers a great opportunity for entrepreneurs to become a part of this expanding industry.
Dr. Batra’s
Dr. Batra’s is India’s largest homoeopathy clinic chain, known for its strong customer base and trusted services. With a focus on providing effective homoeopathic treatments, the franchise has built a loyal clientele over the years. This makes it a unique and profitable opportunity for investors interested in the healthcare sector. With an investment range of Rs 20-25 Lakhs, Dr. Batra’s offers a specialised niche that appeals to a wide audience seeking holistic healthcare solutions.
Medplus Pharmacy
Medplus Pharmacy is a leading retail pharmacy brand in India, known for its wide range of pharmaceutical products and medical supplies. With a significant investment requirement, it offers a profitable franchise opportunity. Medplus has a strong presence with numerous outlets and an online platform, making it well-positioned to tap into the growing demand for healthcare products and services, ensuring steady growth for its franchise partners.
Divya Upchar Sansthan
Divya Upchar Sansthan was founded in 2010 and began franchising a few years later. The company currently has a significant number of franchise units. If you are considering investing in this franchise, the initial investment typically falls within a specified range, and the royalty fee is a percentage of the revenue. Divya Upchar Sansthan focuses on promoting Indian healing practices, such as Ayurveda and chakra healing. Their goal is to help people maintain good health through herbal medicines and energy treatments. This franchise offers a unique opportunity to join a brand that combines health, wellness, and ancient Indian sciences.
Moh Spa
Moh Spa, founded in the early 2000s, began franchising shortly after. It now has a significant number of franchise units and offers a variety of spa services. The investment to start a Moh Spa franchise typically ranges within a specific range, with a royalty fee involved. Moh Spa is a day spa that provides a peaceful environment for relaxation and rejuvenation. It offers services designed to help people disconnect from their busy lives and recharge their mind, body, and spirit. If you’re interested in the wellness industry, Moh Spa presents an opportunity to bring a much-needed escape to your community.
Things to Consider Before Starting a Healthcare Franchise
Here are some important things to consider before starting a healthcare franchise:
Initial Investment
Understand how much money you’ll need to get started and factor in ongoing costs like royalty fees that will be paid regularly to the franchisor.
Location
Choose a location with enough demand for healthcare services. A good location can make a huge difference in your franchise’s success.
Reputation
Research the franchise’s reputation. Read reviews and speak to other franchisees to understand how well the business is managed and if customers are satisfied with the services.
Training and Support
Ensure the franchisor provides proper training and ongoing support to help you run the business smoothly and efficiently.
Interest in Healthcare
Having a genuine interest in healthcare is essential. Since you’ll be responsible for people’s well-being, it’s important to be passionate about providing quality services.
Also read: The Importance Of Financial Planning For Entrepreneurs
Conclusion
With the rapid growth of the healthcare sector in India, investing in a healthcare franchise is an excellent opportunity. Not only will it allow you to earn money, but it also offers the chance to contribute to the well-being of people and the community.
If you’re thinking about becoming a healthcare franchisee, now is a great time to consider your options. There are many opportunities available that can match your investment budget and goals. Fields such as wellness, diagnostic services, and pharmaceuticals are especially promising. For investments in the range of 20-30 lakhs, there are various options that offer good potential for growth and support.
To get started, research the different healthcare franchises available. Think about your strengths, interests, and what you’re looking for in a business. Once you have a clearer idea, reach out to the franchisors for more detailed information. One of the biggest advantages of the healthcare franchise model is that you can partner with an already established brand. This means you’ll have the support you need in areas like training and day-to-day operations. By choosing the right franchise, you’ll be tapping into a growing and profitable market, with a solid foundation for long-term success.
Efficient business management is key to success in the healthcare sector. With CaptainBiz billing software, you can simplify invoicing and manage your healthcare business operations effortlessly. It’s the perfect tool to ensure your franchise runs smoothly while you focus on growth.
Frequently Asked Questions
What types of healthcare franchises can I invest in?
Healthcare franchises in India cover a wide range of services, such as wellness, Ayurveda, physiotherapy, beauty treatments, skin care, and health management. You can choose a franchise that matches your interest, whether it’s beauty, wellness, or health services.
How much money do I need to invest in a healthcare franchise?
The investment amount varies depending on the franchise. Some healthcare franchises require an investment of Rs 2 to 5 lakhs, while others may need Rs 30 to 50 lakhs. It’s important to check the initial investment and the ongoing fees, such as royalty fees, before making a decision.
How long does it take to start earning profits from a healthcare franchise?
The time it takes to start earning profits can vary. Some healthcare franchises, like DIET MANTRA, offer a short payback period of 7 to 8 months. However, the exact time will depend on factors such as location, demand, and your management of the business.
Do I need prior experience in healthcare to start a healthcare franchise?
While having experience in healthcare can be helpful, it’s not always necessary. Many franchises offer training and support to help you run the business. It’s important to have an interest in the healthcare industry and a willingness to learn.
What support will I receive from the franchisor?
Most healthcare franchisors provide support in areas like training, marketing, and day-to-day operations. They help you understand how to run the business, manage staff, and provide services to customers. This support makes it easier for you to get started and run the business smoothly.
