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written by | October 11, 2021

Ultimate Guide on Requirements for Setting Up a Medical Laboratory

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Table of Content


The demand for medical laboratories is increasing daily because of the increasing population. We already know how lucrative the medical line is, and opening a medical laboratory is no exception. It is not just an exceptionally lucrative business idea, but you're also helping the ill and elderly by diagnosing their health issues. 

FAQs

Q: How to design a medical business plan?

Ans:

Your medical business plans should include the following:

  • Executive summary
  • Position your practice's business opportunity
  • Problem and solution
  • Services
  • Target market
  • Marketing and sales plan
  • Milestones and metrics
  • Company overview
  • Financial plan
  • Appendix

Q: What are the requirements for setting up a medical laboratory?

Ans:

You'll need the following documents:

  • Certification from National Accreditation Board for Testing and Calibration Laboratories (NABL)    
  • Registration with Shops and Establishments Act
  • Certification from Good Clinical Practices (GCP)
  • Clinical Establishment Act Registration
  • NOC from municipality
  • Approval from state pollution board for waste generation
  • Registration with biomedical waste disposal body
  • No Objection Certificate from the fire department

Q: How to do medical lab advertisements?

Ans:

Medical labs don't need much advertisement to establish themselves because of scarcity. Having a few contacts with the nearby hospitals and small clinics do most of the job. Your medical lab should be close to a few small/big clinics and hospitals to keep on getting everyday patients. 

You can go with various other advertising channels like Insta, FB or WhatsApp Business.

Q: What is the cost of setting up a medical laboratory?

Ans:

It can be pretty challenging to figure out the cost of setting up a medical laboratory because it depends upon what services you offer and the machinery indeed for the same. As a rough estimation, you'll need approx ₹2.8 lakhs for a small-scale lab and around ₹18.5 lakhs for a mid-sized one.

Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.