KNOWLEDGE BASE
Company Overview
ICRI ONLINE LEARNING ACADEMY
We are a startup since 2018 and We launched the online branch of ICRI (Institute of Clinical Research India) as a separate entity in 2018, with a view to upskill working professionals in the areas of clinical research , healthcare, aviation and logistics and in other areas that will become careers of tomorrow. We are extremely well known and are pioneers in the field of clinical research and healthcare education , aviation management, logistics and supply chain management and make students job ready in the careers of tomorrow. We provide 100% placement assistance to all our enrolled students online , with an objective of getting a 40% increment in their salary or a change /enhancement of their role.
Problem and solution/ Why us?
There is a large requirement for trained professionals in the pharma sector, aviation sector and logistics sector and healthcare sector.
Let’s have a look at the market size of all these sectors. The online education market is set to grow to USD.196 billion. Reskilling and online certifications is the largest category today at USD 93 million ( source : KPMG report May 2017, on online education in India)
The market size of of Logistics Industry in India is $215-billion. From 2016 to 2022, the global logistics market size is projected to grow at a CAGR of 3.48 percent to reach USD 12,256 Billion by 2022.
Indian clinical trials market size is expected to reach US$ 3.15 billion by 2025. The global Contract Research Organization (CRO) market size was estimated at US$ 34.5 billion in 2018 and is projected to reach US$ 55.3 billion by 2024, growing at a CAGR of 8.2% during 2019 to 2024. (source pharmabiz.com )
India’s healthcare sector was worth over 140 billion U.S. dollars as of 2016, with projections to reach up to 372 billion dollars by 2022. The country’s healthcare market had become of the largest sectors in terms of revenue and employment and the industry was growing at a rapid pace.(source: statista.com)
The global market for healthcare services reached a value of nearly $6707.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.6% since 2014, and is expected to grow at a CAGR of 9.3% to nearly $9,581.0 billion by 2022. (source :www.gminsights.com).
Global Airlines Market to Reach $1. 1 Trillion by 2027. (source : www.globalnewswire.com)
Solution
ICRIONLINELEARNINGACADEMY has leadership in all these areas and has nil competition in all these areas other than smaller institutes providing short term courses and we have managed to become profitable already with a 90% margin.
We have been pioneers in forging industry with education from day one and we have extended this ethos in the area of our online segment as well.We are committed to innovation in terms of training students in industries of the future. This is endorsed by the fact that we provide training and upskilling in the areas of clinical research , healthcare , logistics and supply chain management. We pioneered clinical research and healthcare education in India and provide 100% placement assistance to all our students across all our courses.
Current Traction:
We are India’s first Online provider and trainer in the areas of clinical research and healthcare , ai , logistics and supply chain management , aviation . Our parent brands ICRI and ILAM have been the first to forge industry with education in a successful way which is evidenced by our placement record. Even during times of Covid , we have had a strong placement record.
Currently we are training students and working professionals in the area of clinical research, healthcare, medical tourism ,aviation, logistics and supply chain management , psychology and artificial intelligence.
We offer certificate, diploma and pg diploma courses in these areas.
Goal : To become a global trainer for training in careers of tomorrow
Upcoming and new courses : pg diploma in logistics and supply chain management with blockchain technology, pg diploma in clinical research and pharmacovigilance with analytics, pg diploma in cyber security, pg diploma in aviation and drones. Additional Saas based certification for clinical research programmes.
Team: Sukriti Dugal – Lawyer by training, LPC from BPP Law School and LLM from University College London. Dr Seema Mishra – PhD Management, MBA Marketing, PGDM and PGDFT, Over 21 years of rich experience.Shashi Ranjan – IT
Market Size :Global Online Certifications Market – USD 85 billion & will reach USD 181 billion by 2025. Indian market – USD 2.8 billion now & will reach 10.4 billion by 2025
Turnover:On turnover of USD 100K, net profit margin is 40-45% right now
Competition – James Lind Institute is one small competitor. Other than that, no major competition