Top 10 Opportunities for Entrepreneurs in Healthcare

We all know one needs to be a little crazy to be an entrepreneur. Launching a business, let alone sustaining it, can be daunting among every dimension one could think of – financial, emotional, and mental. Healthcare sector is no different. In fact, it is more sobering in health sector, where usual hardships are intensified by a number of challenges: most strictly regulated industry. And that’s because it involves human lives.

But with the ongoing modifications in the policies, technology is now creating revolutionary opportunities for the right kind of crazy people.

Here are 10 business ideas in healthcare or medical industry:

1. Health fairs. There are number of health-care organizations and professionals that produce products targeted at health-care sector. And these professionals and organizations can become your clients. If you have a desire for people skills and planning, you can start a business that hosts fairs, in partnership with universities or similar organizations.

2. Dietitian. If you are a certified dietitian, the number of options to operate such business or consulting service are unlimited. Moreover, if you have passion for cooking and have an understanding what foods make people feel good, being a dietitian could be for you. The innovative entrepreneur can start an online dietitian service or information website.

3. Mobile medical screening. If you are into logistics and have a mind of efficiency, a business that provides mobile medical screening could be a good opportunity. This kind of screening would allow patients get an eyesight/hearing test, cholesterol or blood sugar reading and other similar ones.

4. Medical or fitness equipment sales. Medical equipment sales is a very lucrative industry with a worth of million dollars. Entrepreneurs just need to carefully plan an entry into the industry.

5. Fitness Center. The awareness about general health and fitness has been on the rise in India over the last few years or so. More and more people have woken up to the challenge of staying fit and enjoying a healthy lifestyle. There is a huge opportunity for starting a venture in this area for someone with the right mix of knowledge and resources.

6. Medical waste recycling. The number of diseases known to mankind is on the rise and so is their treatment and the medical waste generated as a result of that. However, the medical waste so generated needs to be disposed and recycled and this has failed to keep pace with the increasing medical waste being generated. This is another opportunity staring entrepreneurs in the face.

7. Skin care center. People (especially women) in India have been gaining knowledge about the kind of skin & cosmetic treatments available and are becoming more and more conscious about their looks and aesthetics. They are willing to spend huge amounts of money and go to any lengths to improve their visual appeal. This presents another opportunity for the budding entrepreneurs in the medical & healthcare field.

8. Drug testing. Drug testing is a full-fledged industry in developed countries like the US. However, this is still in its nascent stage in a country like India and presents a huge opportunity for people looking to start their own venture in this field.

9. Medical related app. The e-commerce industry has picked up in India in the last few years and the fitness and healthcare industry too is not untouched by it. The mobile app and e-commerce has made inroads into the healthcare industry too with apps like Practo and Proteas. However, the mobile app involvement in the healthcare industry is far from saturated and still offers a lot of opportunities for someone planning to start on their own.

10. Natural home remedies. With the ill-effects of allopathic medicines becoming known to more and more people and widely facing public ire, people are turning towards natural and home remedies. People writing about and spreading awareness about natural remedies like Ayurveda have been generating a lot of buzz. Similarly, practitioners of Ayurveda and Homeopathy too have been doing well since last few years. This trend has resulted in a spurt of new business start-ups in this field and still has a lot of scope for more.

Author:.

Renuka Rana, Editor at Hemorrhoid Expert spends considerable part of her time in writing about technology including cloud computing and Smartphones. When not writing, she loves to dig deeper into knowing the best and the latest technology in industry.

Go Deeper | Website

Want More?

 
New Graphic
Subscriber Counter