By 2028, the global clinical laboratory testing market will be worth a whopping $320 billion, exponentially increasing demand for laboratory franchises. Learn more about why now is the perfect time to invest in a lab franchise.
TESTING IS ON THE RISE
The emergence of the COVID-19 pandemic in 2020 only highlighted the urgent demand for the testing services that lab franchises have to offer, and our country is leading the charge. Vaccines and drugs gather most of the headlines as we attempt to build immunity and stop the spread of COVID, but facilities that provide accessible testing are the first line of defense for the current pandemic and more. Companies that have been working diligently to meet the heightened demand for testing are finding their investments beginning to pay off.
According to a study conducted by Research Dive, North America will account for more than 38% of the global rapid diagnostics market by 2028. While testing for coronavirus has been at the forefront of our minds, this data indicates that the laboratory franchise market can have a significant and lasting impact beyond the pandemic.
A NEW AGE IN HEALTHCARE
The landscape of American healthcare is constantly evolving. Thanks to direct-to-consumer pharmaceutical companies, online portals that provide easy access to our medical records, and the general wealth of information on the internet, consumers are more informed than ever before and demanding convenient, affordable options when it comes to their health.
In the past, people have had to make appointments with physicians or visit hospitals to undergo simple medical tests. The wait time was unpredictable and the costs to receive the results was often exorbitant. Without insurance, many people may have found themselves turned away or paying over-inflated prices.
Now, lab franchises like American Family Care (AFC) put the power back into the consumers’ hands by providing all the information and expert care they’re looking for at a fraction of the cost, in a shorter amount of time. And owners of these franchises are finding their services more in demand than ever.
Many urgent care centers focus solely on emergent issues and common illnesses without the capability of testing and assessing clinical test results in person. But every AFC clinic comes equipped with a cutting-edge on-site lab to perform testing services on a range of medical issues, from COVID rapid molecular testing to STDs to strep throat and beyond. Each center is also capable of testing for more complex issues such as arthritis and thyroid-related illnesses. Not only is our technology leading the industry, but our services are available on a walk-in basis, reassuring our patients with definitive results often within an hour or at most a matter of days.
While consumers are tired of having to plan weeks ahead to secure an appointment with a primary care physician or sitting for hours in a hospital waiting room to undergo a simple test, AFC streamlines and simplifies the process.
WHY OWN A LABORATORY FRANCHISE?
Founded in 1982 and now franchising for over 14 years, AFC is prepared to provide top-level care to our patients for routine health concerns, emergent crises, and everything in between. Our easy to access same-day testing capabilities have helped communities stay on top of their health from coast-to-coast. AFC was chosen by Abbott Laboratories to launch their rapid molecular COVID tests, and our centers’ patient volume has more than doubled since then.
Beyond our testing capabilities and attention to cutting-edge technology, consumers choose AFC time and again for our simple yet personalized approach to healthcare. Prospective franchisees are intrigued by the chance to explore multiple revenue streams while providing an accessible kind of healthcare for their communities.
To learn more about franchising opportunities with AFC, apply now!