Best Medical Franchises in India: Opportunities for Healthcare Entrepreneurs

India’s healthcare sector is witnessing remarkable growth, and medical franchises are crucial in providing quality healthcare services across the country. Looking to venture into the healthcare industry in India? Top Medical franchises could be your ticket to success.

Here are some of the Best medical franchises you might consider.

1. PharmEasy

Overview:

• Founded in 2015
• Franchising since 2022
• Store count: Over 200 and growing.
• Website: Pharm Easy

Why Choose PharmEasy?

1. Brand Reputation:
   • PharmEasy is a trusted name in the online pharmacy space. Their reputation for quality service and genuine medications attracts customers.
2. Digital Platform:
   • As a franchisee, you’ll benefit from PharmEasy robust digital platform. Customers can order medicines online, making it convenient and accessible.
3. Wide Product Range:
   • PharmEasy offers a comprehensive range of pharmaceuticals, wellness products, and healthcare essentials.
4. Supply Chain Efficiency:
   • The franchise model leverages PharmEasy efficient supply chain, ensuring timely delivery of orders.
5. Proven Business Model:
   • PharmEasy success story demonstrates the viability of their franchise model.

Franchise Details:

1. Investment:
   • Initial investment: ₹11-12 lakhs (approx.)
   • This includes store setup costs, inventory, and other essentials.
2. Franchise Fee:
   • ₹2.5-3 lakhs (approx.)
   • The franchise fee grants you the right to operate under the PharmEasy brand.
3. Eligibility Criteria:
   • PharmEasy seeks franchisees who are passionate about healthcare and customer service.
   • Prior experience in the pharmaceutical or retail sector is advantageous but not mandatory.
4. Agreement and Terms:
   • Franchisees sign an agreement that outlines operational guidelines, branding, and revenue-sharing terms.
   • The agreement ensures consistency across PharmEasy outlets.
5. Support and Training:
   • PharmEasy provides initial training and ongoing support to franchisees.
   • Marketing assistance, inventory management, and technology support are part of the package.

Investment Required:

• Initial Investment: ₹11-12 lakhs (approx.)
• This covers store setup, interior design, fixtures, and initial inventory.
• Additional working capital may be required for day-to-day operations.

Sharing and Revenue:

• PharmEasy follows a revenue-sharing model.
• Franchisees earn a percentage of sales, with a focus on customer satisfaction and repeat business.

2. Genmart Generic Pvt. Ltd.

Overview:

• Founded in: 2018.
• Franchising since 2019
• Store count: Less than 10 (and growing)
• Website: Genmart Generic Pvt. Ltd.

Why Choose Genmart?

1. One-Stop Shop:
   • Genmart is a comprehensive pharmacy offering prescribed drugs and other healthcare and wellness products.
2. Cost-Effective Approach:
   • Genmart aims to pass on the benefits of low marketing costs associated with generic pharmaceuticals to consumers.
3. Quality Assurance:
   • Genmart ensures the availability of genuine medications and reliable healthcare essentials.

Franchise Details:

1. Investment:
   • Initial investment: ₹20 lakhs – ₹30 lakhs (approx.)
   • This covers store setup costs, interior design, fixtures, and initial inventory.
2. Franchise Fee:
   • ₹5 lakhs (approx.)
   • The franchise fee grants you exclusive territorial rights to operate under the Genmart brand.
3. Payback Period:
   • Typically 1-6 years for capital recovery.

Expansion Plans:

• Genmart aims to expand across various regions in India:
  • North: Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh
  • South: Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana
  • East: Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
  • West: Gujarat, Rajasthan, Maharashtra, Goa
  • Central: Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand

Franchise Requirements:

• Property Type:
  • Commercial property suitable for a pharmacy outlet.
• Training:
  • Franchisees receive training at one of the existing Genmart stores.
• Agreement:
  • Standard franchise agreement with a renewable term of 4 years.

How to Get a Genmart Generic Pvt. Ltd. Franchise:

1. Visit the Franchise India website.
2. Fill out the application form.
3. The expert team will guide you through the process, including franchise fee details and application steps.

3. Gen Care Pharmacy

Overview:

• Founded in: 2017.
• Franchising since 2018
• Store count: Less than 10 (and growing)
• Brand Origin: Visnagar, India
• Website: Gen Care Pharmacy

Why Choose Gen Care Pharmacy?

1. One-Stop Shop:
   • Gen Care Pharmacy is a comprehensive pharmacy offering a wide range of products, including prescribed drugs, generic medicines, surgical items, FMCG goods, and more.
2. Cost-Effective Approach:
   • The brand focuses on providing quality healthcare products at attractive margins.
3. Experienced Management:
   • Gen Care Pharmacy is successfully operating more than 15 outlets, backed by an experienced management team.
4. Efficient Supply Chain:
   • The brand ensures smooth supplies through efficient supply chain management.

Franchise Investment Details:

1. Business Type:
   • Pharmacy
2. Space Requirement:
   • 200 Sq.ft. for unit franchise
   • 300-400 Sq.ft. for master franchise
3. Initial Setup Cost:
   • Unit Franchise: ₹8 lakhs (approx.)
   • Master Franchise: ₹20 lakhs (approx.)
4. Franchise Fee:
   • Unit Franchise: ₹3 lakhs (approx.)
   • Master Franchise: Depends on territory (₹10-20 lakhs, approx.)
5. Total Investment:
   • Unit Franchise: ₹11 lakhs (approx.)
   • Master Franchise: ₹30-40 lakhs (approx.)
6. Payback Period:
   • Unit Franchise: 17 months
   • Master Franchise: 2 years
7. ROI:
   • Unit Franchise: 6 months
   • Master Franchise: 80%
8. Royalty:
   • 2% of sales
9. Operating Expenses:
   • ₹3-4 lakhs (approx.)

Products / Services Offered:

Gen Care Pharmacy provides a wide range of products, including:

• Branded and generic medicines
• Surgical items
• FMCG goods
• Running and other OTC products
• Specialty medicines (e.g., cancer, kidney, critical care)
• Hospital products and instruments

Agreement & Training:

• Agreement Duration: 5 years
• Agreement Renewal Fee: NIL
• Training:
  • Brand training takes place in Ahmedabad and spans one week.

Franchise Support / Responsibility:

1. Outlet setup assistance
2. Training and operational support
3. Facilitation and inventory management
4. Licensing and recruitment guidance
5. Marketing, advertising, and promotional assistance
6. Branding and designing support.

Reasons to Partner with Gen Care Pharmacy:

1. Established brand with operational expertise.
2. Tie-ups and associations with major companies
3. Attractive margins on a wide range of products
4. In-house software for inventory and order management
5. Low investment opportunity with incredible returns
6. Free mobile app for ordering and doorstep delivery
7. Own manufacturing facility for OTC products
8. Efficient supply chain management

4. Living Healthy 24: Simplifying Healthcare Access

Overview:

• Founded in: 2015
• Franchising since: 2020
• Store count: Over 25 franchisees in Kolkata (apart from their own stores)
• Brand Origin: Kolkata, West Bengal, India
• Website: Living Healthy 24

Why Choose Living Healthy 24?

1. Comprehensive Approach:
   • Living Healthy 24 aims to meet the medical requirements of a large number of Indians by offering an organized chain of pharmacy stores along with doctor’s clinics and pathology services under one roof.
2. Franchise Expansion:
   • The brand started its franchise model in Kolkata, Howrah, and entire West Bengal in mid-2020. The response from investors has been tremendous, with 25 franchisees already onboard in Kolkata.

Franchise Investment Details:

1. Small Model (Pharmacy):
   • Area Required: 200 sq ft
   • Approx. Investment: ₹13-14 lakhs
   • Franchise Fee: ₹2.5 lakhs
   • Royalty on Clinic Revenue: Not applicable
   • Average ROI: 49%
   • Payback: 2 years
   • Agreement Term: 5 years
2. Large Model (Clinic + Lab + Pharmacy):
   • Area Required: 400 sq ft
   • Approx. Investment: ₹20-21 lakhs
   • Franchise Fee: ₹3.5 lakhs
   • Royalty on Clinic Revenue: 20% (gross profit)
   • Average ROI: 72%
   • Payback: 2 years
   • Agreement Term: 5 years

Franchise Benefits:

1. Exclusive Guidance:
   • Living Healthy 24 provides guidance and support to franchisees.
2. No License Hassle:
   • All licenses are handled by the brand.
3. Efficient Stock Management:
   • The brand manages stock to minimize non-moving stocks.
4. Software Support:
   • Hassle-free software support for smooth operations.
5. Digital Marketing:
   • The brand handles digital marketing efforts.
6. Training & Hand-Holding:
   • Initial training and ongoing support are provided.

5. Apollo Pharmacy

Overview:

• Founded in: 1983
• Franchising since: 2002
• Store count: Over 740 locations (and growing)
• Brand Origin: India
• Website: Apollo Pharmacy

Why Choose Apollo Pharmacy?

1. Largest Network:
   • Apollo Pharmacy boasts the largest network of branded pharmacies in India, with over 740 key locations.
2. Quality Assurance:
   • Accredited with International Quality Certification, Apollo Pharmacy provides authentic and reasonably priced medications 24/7.
3. Omni-Channel Approach:
   • Apollo Pharmacy serves customers both offline and online, ensuring convenience and accessibility.

Franchise Investment Details:

1. Small Model (Pharmacy):
   • Area Required: Approximately 200 sq ft
   • Initial Investment: ₹13-14 lakhs (approx.)
   • Franchise Fee: ₹2.5 lakhs (approx.)
   • Average ROI: 49%
   • Payback Period: 2 years
2. Large Model (Clinic + Lab + Pharmacy):
   • Area Required: Approximately 400 sq ft
   • Initial Investment: ₹20-21 lakhs (approx.)
   • Franchise Fee: ₹3.5 lakhs (approx.)
   • Royalty on Clinic Revenue: 20% (gross profit)
   • Average ROI: 72%
   • Payback Period: 2 years

Franchise Benefits:

1. Guidance and Support:
   • Apollo Pharmacy provides comprehensive support to franchisees.
2. License Handling:
   • All necessary licenses are managed by the brand.
3. Efficient Stock Management:
   • The brand ensures smooth inventory management.
4. Software Support:
   • Hassle-free software support for seamless operations.
5. Digital Marketing:
   • Apollo Pharmacy handles digital marketing efforts.
6. Training and Handholding:
   • Initial training and ongoing assistance are provided.

6. MedPlus

Overview:

• Founded in: 2006
• Franchising since: 2006
• Store count: Over 1,398 locations (and growing)
• Brand Origin: India
• Website: MedPlus

Why Choose MedPlus?

1. Extensive Network:
   • MedPlus started its journey in Hyderabad in February 2006 and has grown into the second-largest pharmacy retail chain in India, with over 1,500+ pharmacies across the country.
2. Customer-Centric Approach:
   • MedPlus serves over 3,50,000 customers daily, providing genuine medications and healthcare essentials.
3. Employment Opportunities:
   • The brand employs over 10,000 people, contributing to employment generation.

Franchise Investment Details:

1. Small Model (Pharmacy):
   • Area Required: Approximately 200 sq ft
   • Initial Investment: ₹13-14 lakhs (approx.)
   • Franchise Fee: ₹2.5 lakhs (approx.)
   • Average ROI: 49%
   • Payback Period: 2 years
2. Large Model (Clinic + Lab + Pharmacy):
   • Area Required: Approximately 400 sq ft
   • Initial Investment: ₹20-21 lakhs (approx.)
   • Franchise Fee: ₹3.5 lakhs (approx.)
   • Royalty on Clinic Revenue: 20% (gross profit)
   • Average ROI: 72%
   • Payback Period: 2 years

Franchise Benefits:

1. Guidance and Support:
   • MedPlus provides comprehensive support to franchisees, including license handling and efficient stock management.
2. Software Assistance:
   • Hassle-free software support ensures smooth operations.
3. Digital Marketing:
   • The brand handles digital marketing efforts, enhancing visibility.
4. Training and Handholding:
   • Initial training and ongoing assistance are part of the package.

7. Fortis Healthworld: Your Trusted Healthcare Partner

About Fortis Healthworld:

• Founded: 2006
• Franchising since 2006
• Brand Origin: India
• Website: Fortis Healthworld

Why Choose Fortis Healthworld?

1. Extensive Network:
   • Fortis Healthworld is a well-established pharmacy chain with a significant presence across India.
2. Quality Assurance:
   • The brand ensures the availability of genuine medications and healthcare essentials.
3. Customer-Centric Approach:
   • Fortis Healthworld prioritizes patient care and convenience.

Franchise Investment Details:

1. Small Model (Pharmacy):
   • Area Required: Approximately 200 sq ft
   • Initial Investment: ₹13-14 lakhs (approx.)
   • Franchise Fee: ₹2.5 lakhs (approx.)
   • Average ROI: 49%
   • Payback Period: 2 years
2. Large Model (Clinic + Lab + Pharmacy):
   • Area Required: Approximately 400 sq ft
   • Initial Investment: ₹20-21 lakhs (approx.)
   • Franchise Fee: ₹3.5 lakhs (approx.)
   • Royalty on Clinic Revenue: 20% (gross profit)
   • Average ROI: 72%
   • Payback Period: 2 years

Franchise Benefits:

1. Guidance and Support:
   • Fortis Healthworld provides comprehensive support to franchisees.
2. License Handling:
   • All necessary licenses are managed by the brand.
3. Efficient Stock Management:
   • The brand ensures smooth inventory management.
4. Software Support:
   • Hassle-free software support for seamless operations.
5. Digital Marketing:
   • Fortis Healthworld handles digital marketing efforts.
6. Training and Handholding:
   • Initial training and ongoing assistance are provided.