Pathology is a medical speciality area primarily concerning the cause, origin and nature of disease. It involves the examination of tissues, organs, bodily fluids and autopsies in order to study and diagnose disease. There are mainly 3 types of tests as Routine, Clinical lab and Specialty tests. Routine tests are Common tests like Sugar, Cholesterol, HIV, Pap, Pregnancy etc. Clinical lab tests to monitor diseases and drug treatments. Then, Specialty tests are tests for Genetics, immunology, oncology, endocrinology and other critical areas. Pathology testing (in-vitro diagnosis) includes sample collection in the form of Blood, Urine and Stool. This is followed by analysing results using laboratory equipment and technology to derive useful clinical information for assisting in patient treatment.

As per Public Health Foundation of India (PHFI), traditional diseases in India are increasingly being replaced by lifestyle diseases in the past two decades. High blood pressure, stroke, diabetes, diseases associated with smoking and drinking are mainly lifestyle diseases. Increasing prevalence of such lifestyle diseases, the range of diseases and their complexity have contributed to the necessity for pathology services. Globally, ~80% of physician diagnoses are a result of laboratory tests. It is therefore very important to have pathology laboratories in all accessible places including semi-urban or rural locations to arrive at the result of the disease occurred. Heightened physician awareness and the increasing patient requirement to avail of high-quality care have increased the demand for a good quality diagnostic centre. Advancement in medical technology, substantial demand, coupled with ongoing standardization of regulation and accreditation, have made this business an attractive investment opportunity for aspiring entrepreneurs. However, proper planning and decisions regarding place, registrations and investment is something which has to be given importance. Definitely this growing business will earn a very decent income, if carried out in a much organised manner.

The diagnostic industry has emerged as an attractive segment in India's growing healthcare sector and is one of the fastest growing services in the country. The Indian diagnostic industry is highly fragmented and under-penetrated despite the presence of over One Lac laboratories. The national level Diagnostic chains command around ~19% market share and the major players are Apollo Clinic, Max Healthcare, Dr Lal Path Labs (DLPL), Metropolis Healthcare (METROHL), SRL Diagnostics (SRL) and Thyrocare Technologies etc. The domestic pathology market has been growing year on year with estimated market value at around Rs 30,000 Crores and the biggest growth is observed in tier 2 and tier 3 cities in India. General pathology is growing at 20 per cent rate and specialised pathology like biopsy, genetics, oncology, genomic sequencing growing at 30-35 per cent. This growth is primarily driven by change in demographics, increase in lifestyle diseases and higher income levels across all strata of society, rise in preventive testing, deeper penetration with asset-light expansion as well as spread of healthcare services and insurance. With increase in the number of patients day by day and high demand for Pathological services, there appears a huge opportunity for setting up Pathology Diagnostic Centres at potential or underserved locations.

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                    :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location          :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                            :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1. Highlights of the Project
2. Project Introduction
3. The Project Proposal
4. Prospect for Investment
5. Potential Target Customers/Market
6. Marketing Strategy
7. Critical Success Factors
8. Process Details and Basic Know-how
9. Technical Aspects
10. Quality Specifications
11. Installed and Operational Capacity
12. Raw Materials and Consumables
13. Power and Utility
14. Tentative Implementation Schedule
15. Basis & Presumptions
16. Capital Investment Estimates with Detail Project Economics
17. Computation of Working Capital Requirement
18. Estimated Total Project Investment
19. Proposed Means of Project Financing
20. Estimated Annual Sales Turnover
21. Projected Profitability Statement
22. Calculation of Interest Amount
23. Depreciation Schedule
24. Term Loan Repayment Schedule
25. Debt Service Coverage Ratio
26. Break-Even Analysis
27. Projected Cash Flow Statement
28. Projected Balance Sheet
29. Internal Rate Return
30. Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

1. Statutory Permits and Business Licenses Required for the Project
2. Important Steps to Start the Project and
3. Smart Tips to Follow for Successful Pathology Centre Business.

LIST OF ENCLOSURES

ENCLOSURE-1: E-BOOK ON SCHEMES FOR MSMEs, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-2: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-3: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-4: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-5: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.