“Growth is never by mere chance; it is the result of forces working together.” James Cash Penney, founder, JC Penney
Healthcare (and its allied sectors) is one of the sunrise sectors in India for atleast next 30 years. The diagnostics market size alone is Rs.40,000 Crores in 2016 and expected to grow to Rs.1.35 Lakh Crores in 2024.
Further growth in diagnostics market will be driven by following factors.
Inadequate healthcare infrastructure, poor lab infrastructure, low per capita spend on diagnostic services currently. n Middle class population increasing exponentially & with it increasing ability to spend on healthcare. n Increasing awareness on NCD/ Life style diseases, desire to manage health among affluent, middle income groups & salaried class. n Deeper Penetration of Insurance (Life & Health Insurance).
“I travelled to tier2 and tier3 towns across South India and met entrepreneurs, radiologists, hospitals before starting Medall. Everybody discouraged me from entering this business. They said it is a very difficult business to be in and there is no place for a management professional. Even on the opportunity size, diagnostics industry veterans said this industry was Rs.5,000 Crores. I thought with 120 Crore population, opportunity should be much higher and there is an opportunity to large business from this fragmented industry. Now the analysts say the opportunity is Rs.40,000 Crores but I still believe the opportunity is worth atleast Rs.75,000 Crores”
THE FASTEST GROWING DIAGNOSTICS CHAIN IN INDIA
Medall Healthcare is the brainchild of Raju Venkatraman, an alumnus of IIT Madras. Raju is a first generation successful serial entrepreneur. His 30 year track record speaks volumes of his ability to envisage, build and scale a business. He was the force behind organizations such as FirstSource, RevIT, Lason Inc, VetriSystems and EDS.
Raju founded Medall with a simple vision.
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