Do you want to start a medical equipment franchise but you lack ideas? If YES, here are 23 best medical equipment franchise opportunities for sale and their cost.
The United States remains the largest medical equipment market in the world with a market size of around $110 billion, and it is expected to reach $133 billion and over in subsequent years. The U.S. market value represented about 38 percent of the global medical device market in 2012.
Medical equipment manufacturers and suppliers in the USA specialize in many types of devices, including blood pressure machines, surgical equipment, CT scan machine, fetal monitors, pulse oximeters, x-ray machines and much more. Driven by product innovation, the top medical equipment manufacturing regions in the USA are concentrated in high-tech areas such as San Francisco, San Diego, Seattle, Denver, Dallas, and Washington.
The top subsectors in the American medical equipment industry are dental equipment and supplies, electro-medical equipment, in-vitro diagnostics, irradiation apparatuses, surgical and medical instruments, and surgical appliances and supplies.
Millions of dollars’ worth of medical equipment is sold each year in the united states, and securing a portion of this very lucrative industry is not difficult, especially for the entrepreneur who carefully researches and plans an entry into the medical equipment sales industry. This is a good industry to make a lot of money from in this period. So if you want to set up a business in the medical equipment industry, we have listed a few that you can comfortably start a franchise with.
23 Best Medical Equipment Franchise Opportunities for Sale and Their Cost
Zounds is a hearing aids and wireless devices production and distribution business. Zounds’ goal is to offer a portfolio of hearing aids and wireless devices that provide the world’s best performing technology at an affordable price to anyone with a mild, moderate, or moderate/severe hearing loss.
Zounds was founded by Sam Thomasson, an Engineer and entrepreneur who has spent his career developing new technologies in the medical device and consumer electronics industries. Sam is also the father of a hearing impaired teenage daughter and has witnessed the problems associated with today’s hearing aids.
Sam promised his daughter that he would develop a hearing aid to address the key problems common with other high-end hearing aids. Zounds breakthrough technology is the fulfillment of a father’s promise to his daughter and the solution for dissatisfied hearing aid users around the world.
Zounds utilizes a combination of internally developed and exclusively licensed technology from Acoustic Technologies, Inc., where Sam Thomasson is the founder and former CEO.
At Acoustic Technologies, Sam created high-performance semiconductor chips and related software with low power usage algorithms that dramatically improved voice and sound quality in cell phones, video phones, desktop phones, conference call phones and automotive communication systems. For Sam, it was a logical extension to leverage this superior technology at Zounds.
Zounds’ goal is to offer a portfolio of hearing aids and wireless devices that provide the world’s best performing technology at an affordable price to anyone with a mild, moderate, or moderate/severe hearing loss.
- Total Investment: $150,000 – $200,000
- Liquid Capital Required: $100,000
- Net Worth Required: $300,000
- Sonus Hearing Care
Founded in 1993, Sonus was built on the guiding principle that patients deserve the highest level of personal service. Sonus is deeply committed to providing the highest quality hearing care, services and technology. Their patient loyalty and satisfaction are among the top of the industry.
Now part of Amplifon Group, the global leader in hearing services, products and research, their dedication is further strengthened. With an international network of 3,000 locations and over 3,500 service centers, Amplifon is the largest distributor of hearing aids in the world.
The company is actively involved in audiological research and sponsors projects in partnership with the Center for Research and Study, a nonprofit institution devoted to hearing education and research.
- Total Investment – $55,000 – $308,000
- Amplifon Hearing Aid Centers
Amplifon International is one of the world’s biggest names in hearing aid sales. In North America, Amplifon Hearing Aid Centers is the primary provider of four giants in hearing services: Miracle-Ear, the Elite Hearing Network, Sonus, and HearPO.
Millions of Americans rely on these services to improve their hearing. Amplifon Hearing Aid Centers hire the best audiologists in the business and provide them with the latest auditory technology. Despite the best service, Amplifon Hearing Aid Centers is also able to offer lower pricing. Overall, Amplifon Hearind Aid Centers has more than 4000 locations in the country.
The majority of Amplifon Hearing Aid Centers are located in Wal-Mart stores, thus situating itself in areas with high traffic and partnering itself with a national leader in retail. Franchisees are encouraged to find creative ways to maximize their exposure to the public.
- Liquid capital required – $30,000
- Investment – $74,000 – $219,500
- Franchise fee – $30,000
MedWOW.com operates an international franchise network, which enables qualified organizations from around the world to join the reputable MedWOW brand and offer the website’s services in their territory.
The franchise program offers existing key players in the medical equipment industry the opportunity to expand their existing business by giving them the rights to market MedWOW to end-users such as: hospitals, laboratories, private clinics, dental clinics, veterinary centers, etc, in their territories. In return, franchisees receive a share of all incoming profits that MedWOW generates as a result of user activities on the site from members in the franchisee’s territory.
Some 36 million people in America have a problem with their hearing, affecting their confidence, lifestyle and ability to work. Miracle-Ear is a well-recognized brand in providing hearing aids to those suffering from hearing loss. Miracle-Ear offers franchise opportunities, providing franchise business owners with support to become part of what the company says is the nation’s largest retailer of hearing aids.
Franchisees gain access to highly competitive goods and have the opportunity to make a difference to those living with impaired hearing. Applicants who are not yet hearing professionals are encouraged to become licensed before applying to join the Miracle-Ear franchise network.
With the franchise industry significantly growing during the last six decades and with the home healthcare niche in high demand, embarking on a medical franchise offers unique opportunities to run an in-demand business, while making a difference in the world.
- Liquid capital required – $50,000
- Net worth required – $100,000
- Investment – $122,500 – $570,000
- Franchise fee – $28,000
Dental Fix is a fast-growing national mobile dental equipment supply and repair company. They supply dentist offices with prompt, on-site equipment service, repair and replacements.
Dental fix provides its franchisees protected territory with no royalty payments. Dedicated specialists are provided to make appointments for franchisees and they will work with professionals while they set up their businesses. This franchise is a mobile business and so no office is necessary, thus reducing overhead cost to the barest minimum.
- Cash Investment – $50,000
- Franchise Fee – $25,000
- Total Investment – $83,000 to $225,000
- Silver cross
Silver Cross operate a healthcare franchise business that sells, installs and maintains accessibility and mobility equipment for residential applications. Established in 1993 in Ontario, Canada, Bob Harvey, founder of Silver Cross, recognized the growing demand for home healthcare medical equipment because the market was scant at that point.
The company offers stair lifts, vertical wheelchair lifts, incline platform lifts, patient and ceiling lifts, ramps, dumbwaiters, bath lifts, power chairs, lift chairs, walkers, hospital beds and home accessibility modifications for home-bound patients.
Silver Cross began offering franchises in 1995, and today, Silver Cross has home medical and healthcare equipment franchises operating in the US and Canada, and has served more than 200,000 contacts.
- Liquid Capital Required – $100,000
- Net Worth Required – $250,000
- Total Investment – $105,100 to $137,100
- 101 Mobility
101 Mobility is one of the largest and fastest growing providers of accessibility solutions with over 64 locations throughout America. 101 Mobility provides and installs a wide range of high-quality mobility equipment.
Focusing on quality and customer service, 101 Mobility provides seniors and disabled individuals with professional, established mobility solutions that include stair lifts, auto lifts, ramps, vertical platform lifts, residential elevators, patient lifts, medical alert services, power chairs, pool lifts, power scooters and more.
101 Mobility Owners enjoy exclusive relationships with leading product manufacturers, making it difficult for anyone to compete with them.
- Liquid capital required – $100,000
- Net worth required – $300,000
- Investment – $113,560 to $205,830
- Franchise fee – $39,500
MEDIchair is a Health Management company that is said to be North America’s largest and fastest growing Home Medical Equipment (HME) franchise company with stores all across Canada.
MEDIchair stores carry a comprehensive line of products including wheelchairs, scooters, lift chairs, bathroom safety products, home accessibility solutions and soft/disposable personal health care products such as incontinence supplies, wound care, compression and bracing etc. These specialty products are designed to enhance the quality of life of people experiencing disabilities, injuries, surgeries and aging.
MEDIchair prides itself on providing caring, knowledgeable and highly trained consultants committed to finding the right home health care product solution for each customer.
- Initial Investment – $350,000
- Initial Franchise Fee – $50,000
- Royalty Fee – 5% of annual gross sales
- My Eyelab
Founded in 2013, My Eyelab is one of the fastest growing full-service centers that retail and supply optical equipment. With a mission to provide quality eyeglasses and expert eye care services, My Eyelab has become a leader in the eye health industry by developing an accessible alternative to over-priced eye care services.
My Eyelab utilizes teleconsulting to enhance efficiency for patients and optometrists. This technology eliminates the need for an on-site laboratory, thereby significantly reducing startup and operational costs for franchisees. My Eyelab has been consistently ranked by Vision Monday as among the largest retailers in the United States, and most recently as the 18th largest optical retailer in the U.S.
- Initial Investment – $209,150 to $462,400
- Initial Franchise Fee – $24,900
- Royalty Fee – 10%
- Advertising Fee – 13%
- The Dentist’s Choice
The Dentist’s Choice is a network of locally-owned dental handpiece repair businesses serving dentists throughout the United States and Canada. The Dentist’s Choice has been repairing and servicing dental drills since 1992.
Franchisees repair, rebuild and maintain all models of drills. The Dentist’s Choice can also rethread and bur tools, replace fiber optics and sell handpieces. For nearly two decades, The Dentist’s Choice has developed a reputation among dental professionals for providing quality repairs at an affordable price.
Their highly-trained repair specialists are committed to providing a high level of customer service and satisfaction that their clients have come to expect.
- Initial Investment – $25,900 to $30,100
- Initial Franchise Fee – $17,500
- Royalty Fee – 1 to 5%
- Vital Dent
Vital Dent is a well-respected leader in the dental health care field. This multi-national company began business in Spain in 1989 and it started first as a dental prosthetics manufacturing and supply business. In 1991, the company began developing dental offices, and in 1995, Vital Dent established its franchise system.
Vital Dent owns and operates 23 company offices and 160 franchised offices in Spain, with another 10 franchised offices in Portugal and 2 offices being built in Italy. The Vital Dent franchise network is now being developed in the United States.
- Initial Investment – $512,500 to $797,000
- Initial Franchise Fee – $45,000 to $60,000
- Royalty Fee – 5%
- Pearle Vision
Pearle Vision is an American chain of eye care stores that was founded in 1961 by Stanley Pearle, an optometrist in Savannah, Georgia, United States. Pearle Vision is one of several gems in the collection of eyewear stores held by Luxottica Retail, which also operates the LensCrafters and Sunglass Hut chains.
Pearle Vision’s retail outlets offer eye exams, glasses, sunglasses, contact lenses, and optical accessories. Dr. Stanley Pearle began the concept of one-stop, total eye care with the opening of the Pearle Vision Center in Savannah, Georgia. There he combined complete eye exams with an extensive selection of eyewear.
Today, there are nearly 850 Pearle Vision locations in the United States, Canada and Puerto Rico. In 2004, Pearle Vision became a subsidiary of Luxottica Retail, an optical company that manufactures and supplies optical equipment.
- Initial Investment – $400,324 to $605,230
- Initial Franchise Fee – $30,000
- Royalty Fee – 7%
- Advertising Fee – 8%
- Veteran Incentives – 20% off franchise fee
- Renewal Fee – $2,500
- Island Hearing
Island hearing is Canada’s largest retail company that is dedicated to providing audiological and aural rehabilitative services, including the testing of hearing aids and prescription fitting, and the repair of hearing instruments, supply and related devices.
With over 80 locations in different countries, Island Hearing is seeking franchisees to expand their brand.
- Initial Investment – $35,000 to $85,000
- Initial Franchise Fee – $15,000
- Royalty Fee – 8%
- Advertising Fee – 3%
- Baxter International
Baxter International was founded in 1931 by Donald Baxter, a Los Angeles-based medical doctor, as a manufacturer and distributor of intravenous therapy solutions.
The company manufactures and supplies essential renal and hospital products including equipment for acute and chronic dialysis; sterile IV solutions; infusion systems and devices; parenteral nutrition therapies; premixed and oncolytic injectables; biosurgery products and anesthetics; drug reconstitution systems; and pharmacy automation, software and services.
The company’s products are used by hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctor’s offices and by patients at home under physician supervision.
Baxter international has over 1,400 locations in over 80 countries and the company representatives worldwide are expanding upon the organization’s rich legacy. Their franchise information is available upon request.
MedStock is a leading supplier of medical and healthcare supplies to clinics, hospitals, nursing homes, medical offices and other healthcare professionals. They pride themselves on offering great prices as well as convenient, dependable, personalized service to all their customers.
As a Medstock franchisee, most of your sales will start in the field instead of spending a lot of marketing dollars in an office where you sit and wait for customers to come to you. This active sales approach sets the company apart from their competition.
- Initial Investment – $54,450 to $67,450
- Initial Franchise Fee – $20,000
- Royalty Fee – 5%
- Discover mobility group
Discover Mobility Group is a medical equipment supply company. The company has established a relationship with over 200 suppliers and they are the exclusive distributor of many products including home accessibility scooters, wheelchairs, home lifts, building lifts, auto lifts, ceiling lifts, pool lifts, bath tub lifts, hot tub lifts, scooter carriers, medical beds, wheelchair cushions, medical mattress, driving aids, handicap bathrooms, handicap fitness, handicap bikes, handicap lounge lift chairs, handicap door openers, handicap ramps and more.
The company provides a turnkey package for people that are looking for an opportunity to start and run a rewarding business as well as help physically challenged people at the same time.
- Initial Cost – $24,000
- Group Fee – $180.00 per month
- Primary Dentist
Primary dentist is a dental equipment manufacturing and distribution company. They help their franchisees not only to set up a dental equipment distribution business, but also a dental practice. The company provides their franchisees with marketing and advertising programs that are sure to bring new patients in the door.
Their dental model is said to outperform the average dentist by a substantial multiple. For franchisees that go with dental equipment distribution, they will help them arrange financing and discounts.
- Initial Investment: $208,672-$479,172
- Initial Franchise Fee: $29,997
- Royalty Fee: 6%
- Advertising Fee: 6%
- Sterling Optical
Sterling Optical is one of America’s largest retail optical chains and the fastest growing optical franchise in the industry. They offer franchising opportunity in the United States. If you’re looking for a solid business opportunity with a good name, financial security and a bright future, consider joining the Sterling Optical.
Sterling Optical provides nationwide support for its franchisees and a range of personalized start-up services including:
A solid national reputation as a leader in the retail optical business, Special financing programs and relationships with lenders, Dramatic savings through significant company buying power, National and regional cooperative advertising, A comprehensive business operating system, Customer generating activities that build traffic and increase profits, Point of sale customer retention programs, A nationally coordinated training program with a certified in-field training team, Franchise Advisory Committee providing solid franchise support, Existing high volume stores currently available for sale.
- Initial Investment – $212,000-$580,000
- Initial Franchise Fee – $20,000
- Site for Sore Eyes
Interested in selling and stocking eyeglasses, contact lenses, and other eye care-related accessories? Looking for a solid future franchise opportunity in the Bay Area that offers an incredible name brand, financial security and a bright future? Site for Sore Eyes may be the answer to your quest. Site for Sore Eyes are said to be one of America’s best retail optical chains and one of the fastest growing franchises in the eye care industry.
Since 1979, with the establishment of its first store in Berkeley, CA, Site for Sore Eyes has gained a reputation for providing exceptional service in everything from quality eyewear to professional eye exams (which are provided by Independent Doctors of Optometry conveniently located inside Site for Sore Eyes).
- Liquid capital required – $175,000
- Structural Elements
As a Franchisee of Structural Elements you will have the opportunity to build your own business with the added support of the brand, approach, Business model and business coaching. They have a desire to bring wellness to more people in more communities across the country through their business model.
This industry prides themselves in providing their franchisees with quality relationships that would move their businesses forward. They strive to collaborate with whatever community their franchisees may find themselves in. With a scalable practice size and the option to create a stand-alone clinic or build within another business, their franchisees have the flexibility to create the clinic they have always envisioned.
- Initial Investment – $190,250-$638,900
- Initial Franchise Fee – $45,000
- Voltaire Cycles
Voltaire Cycles Franchises is the 1st e-mobility retailer for all personal electric vehicles. The company was founded on the idea of designing, building, and importing exciting new technologies in the personal electric mobility industry. It began around electric-wheelchairs. The founding partners have siblings confined to wheelchairs due to childhood medical issues, and this what what gave a boost to this business.
They shared a common desire to find practical solutions that might benefit their family as well as friends with similar challenges. However, many of the more advanced solutions were unavailable in the U.S. due to stringent regulatory laws.
The vision for the company crystallized when the partners attended the New Jersey Abilities Expo which featured many of the technologies that were being used by people with disabilities. It was a life-changing event. They spoke with dozens of vendors and watched demonstrations by many participants.
On the way home, they talked and discussed how PEVs were not only a practical solution for the disabled, some of these solutions could be commercially successful to a broader audience. They then agreed on a core belief: if there is personal challenge, there is likely an PEV developed exclusively for that challenge.
It was a matter of pulling those PEVs together and showing the world how innovation in this area was making quantum advancements and how these advancements might benefit us all.
They opened their first shop in 2015 featuring a selection of PEVs that showcased innovation. These included electric scooters, electric wheelchairs, electric skateboards, hoverboards, solowheels, electric bicycles, electric trikes, and electric recumbent.
- Liquid capital required – $100,000
- Atlas Medic
Established in 2001 by Yvan Laflamme and Come Bouchard, Atlas Medic has become a respected and recognized distributor of medical equipment and supplies. After spending the last ten years developing and maintaining relationships with its providers and clients, the company has become the exclusive distributor of a unique line of products and is well-known for the customized and remarkable client service it offers through a trained and qualified technical team and for its wide range of training programs.
There are health professionals everywhere in Canada, so the company counts on the growing needs of clinics, the ageing population and elite athletes to grow their business. Their products are approved by Health Canada and they carry many products exclusive to Atlas Medic.
An Atlas Medic franchise is a unique opportunity to join a dynamic company that keeps expanding thanks to a loyal and growing client base. It includes great benefits and offers an ecosystem to health professionals. An Atlas Medic franchise is a complete package that will allow you to gain a strategic position in the medical equipment market.
- Franchise fees – $25 000.00
- Equipment and furniture: Office computer and software licenses – $4 000.00
- Business expenses: Initial professional fees – $3 000.00
- Training costs – $3 000.00
- Total capital requirement – $50 000.00