Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

Healthcare Entrepreneurs: Watch Out For These Growing Trends

Jawbone Up lifestyle

A while ago we revealed some of the fantastic benefits of creating a healthcare business. Today, we’re going to follow that article up and explain some of the biggest trends emerging in healthcare.

If you have an entrepreneurial outlook and have an interest in medicine or healthcare, read on. Perhaps you will find some valuable info on something that will take your business to the next level.

Anytime access.

People have been enjoying anytime access to services in almost every industry thanks to the Internet. And there’s no doubt it is starting to rub off within healthcare, too. It’s great news for savvy healthcare entrepreneurs, as there is a lot of space to move into. Take smartphone apps as a prime example. Almost one out of every three people has a health app on their phone. There is telemedicine to consider, too – it’s expected to be worth $27 billion by the end of this year. More people are starting to monitor personal healthcare and use tech as a part of their treatment. It’s safe to say that we can expect this market to explode even more in the future.

Mental health.

It’s good to see mental health issues being taken so seriously these days – it’s long overdue. It’s setting a trend that will, hopefully, see more understanding in the field. Big businesses are setting a great example. Many of the world’s major companies are identifying big cost savings by offering mental health related services to staff. And that all points to a new world of opportunity for healthcare entrepreneurs. The likes of Pacifica and Pala-linq are setting the agenda right now. And there are plenty of others offering mobile apps and wearable tech that help people with mental health issues. Could your idea create a similar impression?

Cosmetic procedures.

Cosmetic procedures have never been so popular – and we’re expecting that trend to continue for many years to come. However, part of the explosion is due to increase in non-invasive procedures. Naturally, people are still afraid of going under the knife. But there are now many non-invasive alternatives that are attracting a lot more interest. It’s not an industry where you can stand still, either. Take a look around at the cosmetic lasers for sale at the moment and compare them to five years ago. Every year there are dramatic improvements, so make sure you stay ahead of the game.

Low-cost treatments.

The general cost of health care is going up. But this means there is a serious opportunity to exploit by offering lower cost treatments and solutions to patients. Savvy entrepreneurs who can develop cheaper alternatives stand to make a fortune. Let’s go back to the cosmetic lasers we were looking at above. You might want to start to look into areas such as micro needling and chemical peeling, too. They are more affordable alternatives to lasers and could be a great way to expand your market.

The healthcare industry is in rude health, and that doesn’t look like changing in the foreseeable future. But these four trends stand head and shoulders above everything else when it comes to opportunity.

Share

Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

Tagged as: ,