The healthcare industry is experiencing a period of unprecedented change and growth. Besides, the advances in technology, changes in regulations, and a growing focus on patient-centered care have created new opportunities for entrepreneurs looking to innovate and disrupt the status quo. Furthermore, in this post, we’ll explore some of the most promising 11 healthcare Startup ideas for startups in the USA, UK and worldwide.
Whether you’re a healthcare professional looking to branch out on your own, or a startup enthusiast with a passion for healthcare, there’s something here for everyone.
Let’s take a closer look at the future of healthcare entrepreneurship and the top 11 healthcare startup ideas to consider.
Before that, peep into these lucrative statistics,
- Mainly, the global physiotherapy equipment market size valued at USD 19.9 billion in 2022. It is expected to expand a compound annual growth rate (CAGR) of around 6.95% from 2023 to 2030.
- The global mHealth apps market size was USD 24.93 billion in 2020 and is expected grow from USD 38.89 billion in 2021 to USD 314.60 billion in 2028, exhibiting a CAGR of 34.8% in the 2021-2028 period.
- The global smart healthcare market size was estimated at USD 144.9 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030.
- As per CMS gov repor annual growth in national health spending is expected to average 5.1% over 2021-2030, and to reach nearly $6.8 trillion by 2030. Growth in the nation’s Gross Domestic Product (GDP) is also projected to be 5.1% annually over the same period.
- As per the data of global physiotherapy equipment market valued at USD 19.9 billion in 2022. It is expected to expand a compound annual growth rate (CAGR) of around 6.95% from 2023 to 2030.
- During the COVID-19 pandemic has accelerated the adoption of virtual and remote rehabilitation and physical therapy services, with a 20-fold increase in telerehabilitation sessions in the US from March to June 2020, according to a report by the American Physical Therapy Association.
These statistics demonstrate the increasing demand for healthcare services in the US and the potential opportunities for startups to develop innovative solutions to meet this demand.
Profitable 11 Healthcare Startup Business Ideas For Entrepreneurs
Mainly, starting a health and wellness business idea can be a rewarding and lucrative healthcare business opportunities for entrepreneurs who want to impact people in a positive manner. However, with so many different areas of healthcare to choose from, it can be challenging to know where to start.
Here, we’ll explore 11 healthcare business ideas for startups that are not only in demand but also have the potential to make a significant impact on patients’ lives.
Whether you’re interested in developing a software application, launching a home healthcare service, or creating new medical devices. These 11 healthcare startup ideas will be your perfect guide in your entrepreneurial journey.
1. Telehealth and Doctor-on-demand Application
Telehealth App Live Demo | Don’t Miss To Watch Out!
One of the best healthcare business ideas to think on right now! Telehealth and digital healthcare solutions have been gaining traction in recent years and further accelerated by the COVID-19 pandemic. Moreover, these solutions include video conferencing, remote patient monitoring, and other virtual healthcare services that provide patients with convenient access to healthcare from their homes.
Startups can explore the development of new telemedicine applications that facilitate telehealth visits or provide digital healthcare solutions. This could include developing a telehealth platform. That connects patients with healthcare providers or creating a digital health monitoring solution. And allows patients to track their health and share data with their healthcare providers.
With the convenience and accessibility of telehealth services, this healthcare startup ideas has tremendous potential for startups. And it is making a significant impact in building a profitable healthcare business.
Top Features:
- Secure, HIPAA-compliant video conferencing and messaging for virtual consultations
- Real-time monitoring of patient health data, including vital signs and symptoms, through remote patient monitoring
- Access to digital health records and personalized care plans through a patient portal or mobile app
- Integration with wearables and other health tracking devices to provide real-time data and insights for patients and providers
Best Examples:
- Teladoc Health: Provides virtual care services through a mobile app that connects patients with board-certified physicians, dermatologists, and mental health professionals.
- Doctor on Demand: Offers on-demand video visits with licensed healthcare providers and virtual mental health services for individuals, employers, and health plans.
- ALivongo: Provides a digital health platform that offers personalized coaching and remote monitoring for chronic conditions like diabetes, hypertension, and behavioural health.
Demand:
Telehealth and digital healthcare solutions have become increasingly popular as patients seek more convenient and accessible healthcare options.
A survey by The Harris Poll found that 46% of US adults used telehealth services during the pandemic, up from 11% in 2019. Additionally, a report by McKinsey & Company estimated that up to $250 billion of current US healthcare spending could potentially be virtualized. With the increasing demand for virtual healthcare services in healthcare business ideas, startups in this space have significant opportunities to make an impact and grow their business.
2. Senior Care Services
As the baby boomer generation ages, there is an increasing demand for senior care services. Startups in this space can focus on providing a range of services, from in-home care and companionship to transportation and meal delivery.
Moreover, with the ageing population in the US and other countries, there is a growing need for innovative solutions that can support the health and well-being of seniors.
Top Features:
- Personalized care plans that take into account the unique needs of each individual
- Professional caregivers who are trained to provide high-quality care and companionship
- Accessible and flexible scheduling options for both caregivers and seniors
- Transportation services to medical appointments, grocery stores, and other important destinations
- Meal delivery options that provide healthy and nutritious meals for seniors
Best Examples:
- CareLinx: A digital platform that connects seniors and their families with professional caregivers who provide in-home care services, including companionship, personal care, and medication management.
- Envoy: Provides transportation and errand services for seniors, including transportation to medical appointments, grocery shopping, and other important destinations.
- Meals on Wheels: Delivers nutritious meals to seniors who are unable to shop or cook for themselves
Demand:
These best future business ideas for healthcare are expected to continue growing as the baby boomer generation ages.
According to the US Census Bureau, the number of Americans aged 65 and older is projected to nearly double by 2060, reaching 95 million people. Although, startups in this space have opportunities to create an impactful business on the growing demand of senior care services.
3. Mental health and Wellness business App
This medical healthcare business ideas are increasingly important aspect of overall health and wellness sector. Besides, startups in this space can focus on building digital mental health services software with the custom software development company. The software like online counselling, therapy, and mindfulness programs can help individuals manage stress, anxiety, and other mental health concerns.
Top Features:
- Accessible and affordable mental health services, delivered through digital platforms
- Professional therapists and counsellors who are trained to provide high-quality care
- Personalized treatment plans that take into account each individual’s unique needs
- A variety of mental health services, including counseling, therapy, and mindfulness programs
- User-friendly platforms that make it easy to access and use mental health services
Examples:
- Talkspace: An online therapy platform that connects users with licensed therapists through text, audio, and video messaging.
- Calm: A meditation and mindfulness app that provides guided meditations, sleep stories, and other tools to promote mental wellness.
- BetterHelp: An online counselling platform that provides affordable and convenient access to licensed therapists.
Demand:
The mental health services is one of the best healthcare business ideas where more individuals seeking support for mental health concerns. According to the National Alliance on Mental Illness, one in five adults in the US experiences mental illness each year. Moreover, the COVID-19 pandemic has also given the boost in various mental health concerns like stress, anxiety and depression.
Hence, the medical business idea of developing a mental health and wellness space has the opportunity to address the growing demand for accessible and affordable mental health services. That can help individuals get necessary mental health treatments within a few taps.
4. Rehabilitation and Physical Therapy:
Rehabilitation and physical therapy services can be a great option for startups looking to provide valuable services to individuals recovering from injuries, surgeries, or other medical procedures. These healthcare business ideas can be useful for individuals looking to improve their physical health and mobility.
Top Features:
- Professional rehabilitation and physical therapy services, delivered in-person or through digital platforms
- Skilled therapists who are trained to provide customized treatment plans based on each individual’s unique needs
- A variety of rehabilitation and physical therapy services, including post-surgical rehabilitation, sports injury rehabilitation, and chronic pain management
- User-friendly platforms that make it easy to access and use rehabilitation and physical therapy services
Examples:
- PT Genie: A digital physical therapy platform that provides personalized treatment plans and exercises for individuals recovering from surgeries or injuries.
- Kaia Health: A digital platform that provides personalized physical therapy and chronic pain management programs, delivered through a mobile app.
- Hinge Health: A digital platform that provides physical therapy and chronic pain management programs for individuals with musculoskeletal conditions.
Demand:
The demand for these services is on the rise, as the population ages and individuals continue to seek out ways to improve their physical health and mobility. According to the Bureau of Labor Statistics, employment of physical therapists is projected to grow 29% from 2020 to 2030, much faster than the average for all occupations. Hence, we can say that the rehabilitation and physical therapy healthcare business idea has a bright future.
Startups in the rehabilitation and physical therapy space have the opportunity to address the growing demand for these services. And will help individuals recovering from injuries, surgeries, and other medical procedures, also will improve their overall physical health and mobility.
5. Dietician/Nutritionist & Health Coaching
It is a valuable option for startups looking to provide support for individuals seeking to improve their overall health and wellbeing. These services can help individuals to develop healthy eating habits, manage chronic conditions, and achieve their health and wellness goals.
Top Features:
- Professiona health coaching services, delivered in-person or through digital platforms
- Customized meal plans and nutritional guidance based on individual needs and preferences
- Guidance and support for individuals with chronic conditions such as diabetes, heart disease, and obesity
- User-friendly platforms that make it easy to access
Examples:
- Noom: A digital health coaching platform that provides personalized coaching and support for individuals seeking to improve their health and wellbeing.
- Rise: A digital platform that provides personalized nutrition coaching and meal planning services, delivered through a mobile app.
- NutriScape: A digital platform that provides nutritional guidance and support for individuals with chronic conditions, including diabetes and heart disease.
Demand:
The demand for these services is increasing, as individuals continue to seek ways to improve their health and well-being. According to a report by Grand View Research, the global digital health coaching market is expected to reach $29.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 12.2% from 2020 to 2027.
Need more info on healthcare business solutions? Need to peep at the live projects? Check out the portfolio link given here – TeleMedicine App For Doctors and Patients Portfolio
6. Medical Billing and Coding Services:
A medical business idea that can be a valuable option for startups looking to provide support for healthcare providers who need help managing their revenue cycle. These services can help healthcare providers to optimize their billing processes, improve their financial performance, and reduce administrative burdens.
Top Features:
- Professional medical billing and coding services, delivered by experienced and certified coders
- Comprehensive revenue cycle management services, including claims processing, payment posting, and denial management
- User-friendly platforms that make it easy to track and manage billing processes
- Compliance with industry regulations and standards, including HIPAA and ICD-10
Examples:
- Kareo: A medical billing and practice management platform that provides comprehensive billing and coding services for healthcare providers.
- AdvancedMD: A cloud-based medical billing and revenue cycle management platform that provides end-to-end billing services.
- MTBC: A medical billing and coding company that offers revenue cycle management services for healthcare providers of all sizes.
Demand:
The demand for medical billing and coding services is on the rise, as healthcare providers look for ways to optimize their revenue cycle management processes and reduce administrative burdens. According to a report by Market Research Future, the global medical billing outsourcing market is expected to reach $19.7 billion by 2023, growing at a CAGR of 12.5% from 2017 to 2023.
7. Electronic Health Record (EHR) Management Software
Electronic health record (EHR) management software is an essential tool for healthcare providers looking to digitize their patient records and streamline their administrative processes. EHR software can help to improve patient outcomes, enhance communication between providers, and reduce administrative burdens.
Top Features:
- Secure and user-friendly platforms that enable healthcare providers to store and manage patient data electronically
- Customizable templates for patient records, including medical history, diagnoses, and treatment plans
- Integration with other healthcare technologies, such as telemedicine platforms and medical billing software
- Analytics and reporting features that enable healthcare providers to track patient outcomes and improve care delivery
Examples:
- Epic Systems: A leading EHR software provider that offers comprehensive solutions for healthcare providers of all sizes.
- Cerner: A global healthcare technology company that provides EHR management software, as well as other healthcare IT solutions.
- NextGen Healthcare: A healthcare technology company that offers EHR software, revenue cycle management solutions, and other healthcare IT services.
Demand:
The demand for EHR management software is expected to continue to grow, as healthcare providers look to digitize their patient records and streamline their administrative processes. According to a report by Grand View Research, the global EHR market size was valued at $28.13 billion in 2020 and is expected to grow at a CAGR of 5.6% from 2021 to 2028.
8. Remote Patient Monitoring
Remote patient monitoring (RPM) apps are a growing trend in the healthcare industry, providing patients with a convenient way to manage their health and stay connected with their healthcare providers. These apps can help to improve patient outcomes, reduce healthcare costs, and enhance the overall patient experience.
Top Features:
- Real-time monitoring of patient vitals, such as blood pressure, heart rate, and oxygen levels
- Personalized care plans and medication reminders
- Secure messaging and video conferencing capabilities to facilitate communication between patients and healthcare providers
- Analytics and reporting features that enable healthcare providers to track patient progress and adjust treatment plans as needed
Examples:
- Medtronic: A medical device and app development company that offers remote patient monitoring solutions for chronic disease management.
- Philips Healthcare: A global healthcare technology company that offers a range of remote patient monitoring solutions, including apps and devices.
- Huma: A healthcare technology startup that offers remote patient monitoring apps, as well as other healthcare IT solutions.
Demand:
The demand for remote patient monitoring apps is expected to continue to grow, as healthcare providers and patients look for ways to manage chronic conditions and stay connected in a virtual environment. According to a report by MarketsandMarkets, the global remote patient monitoring market is expected to reach $117.1 billion by 2025, growing at a CAGR of 17.4% from 2020 to 2025.
To build a remote patient monitoring app, you can contact app development companies which can help create innovative solutions that meet the growing demand for remote patient monitoring.
9. Healthcare Chatbot
Top Features:
- 24/7 availability and support
- Natural language processing for improved communication with patients
- Integration with existing healthcare systems and electronic health records (EHRs)
- Ability to provide personalized recommendations based on patient data and preferencesAbility to provide personalized recommendations based on patient data and preferences
Examples:
- Your.MD: A healthcare chatbot that uses AI to provide personalized health advice and recommendations to patients based on their symptoms and medical history.
- Buoy Health: A chatbot that helps patients to assess their symptoms and provides guidance on when to seek medical attention.
- Ada Health: A chatbot that uses AI to provide personalized health assessments and recommendations to patients.
Demand:
The demand for healthcare chatbots is increasing as patients seek more convenient and accessible ways to manage their health. According to a report by Grand View Research, the global healthcare chatbot market is expected to grow at a CAGR of 24.3% from 2021 to 2028. Startups can capitalize on this growing demand by developing innovative healthcare chatbots that provide patients with personalized recommendations and support.
To build a healthcare chatbot, startups can work with app development companies and AI/ML experts to create chatbots that are tailored to the needs of patients and healthcare providers.
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10. Healthcare Staffing Agency
A healthcare staffing agency is a business that provides staffing solutions to healthcare facilities such as hospitals, clinics, and nursing homes. These agencies help healthcare providers to find qualified medical professionals such as doctors, nurses, and medical assistants, who can fill temporary or permanent positions.
Top Features:
- Recruitment and hiring of medical professionals
- Flexible staffing options such as temporary, permanent, or temp-to-perm positions
- Verification of credentials and licenses of medical professionals
- Compliance with healthcare regulations and industry standards
Examples:
- AMN Healthcare: A leading healthcare staffing agency that offers a wide range of staffing solutions for healthcare providers.
- Staff Care: A healthcare staffing agency that specializes in temporary staffing solutions for healthcare facilities.
- HealthTrust Workforce Solutions: A healthcare staffing agency that offers both temporary and permanent staffing solutions for healthcare providers.
Demand:
The demand for healthcare staffing agencies is growing as healthcare facilities face increasing pressure to find qualified medical professionals to fill vacant positions. According to a report by Staffing Industry Analysts, the healthcare staffing market is expected to grow at a CAGR of 5% from 2021 to 2026.
Startups can capitalize on this growing demand by providing innovative staffing solutions that meet the needs of healthcare facilities and medical professionals.
Therefore, to start a healthcare staffing agency, startups can work with recruiters and HR experts to develop recruitment strategies. They can also leverage technology such as online job boards and applicant tracking systems to streamline the recruitment and hiring process.
11. e-Prescription Applications
A software platform that enables healthcare providers to send digital prescriptions to pharmacies, eliminating the need of paper prescriptions. These apps provide a secure and convenient way for healthcare providers to manage medication also, reduce errors due to swift prescription solutions.
Top Features:
- Electronic prescription management
- Integration with pharmacy systems
- Drug interaction alerts and reminders
- Patient medication history tracking
Examples:
- Surescripts: A leading e-Prescription platform that connects healthcare providers, pharmacies, and benefits managers to improve patient outcomes.
- DrFirst: An e-Prescription platform that offers a suite of medication management solutions for healthcare providers.
- ScriptSure: An e-Prescription platform that offers customizable electronic prescription solutions for healthcare providers.
>Demand:
The demand for e-Prescription applications is growing as healthcare providers seek to improve the prescription process and enhance patient outcomes. According to a report by Grand View Research, the global e-Prescription market is expected to grow at a CAGR of 20.3% from 2021 to 2028.
Startups can capitalize on this growing demand by developing innovative e-Prescription solutions that meet the needs of healthcare providers and patients. To start an e-Prescription application business, startups can work with healthcare providers to identify pain points in the prescription process and develop customized solutions to address these issues. Moreover, they can also partner with pharmacies and benefit managers to provide a comprehensive medication management solution for patients.
Conclusion – Healthcare Business Ideas
In conclusion, the healthcare industry is ripe with opportunities for startups to develop healthcare business plan ideas. Which will address the changing needs of patients and providers. From telehealth and digital healthcare solutions to e-Prescription applications, the possibilities are endless. As the demand for healthcare services continues to grow, startups can play a key role in driving innovation and improving patient outcomes.
If you’re looking to develop a digital solution for your healthcare startup, whether it’s a mobile app, website, or software platform, look no further than our app development company. aPurple provides Uber for Health solutions for any domain niche you’re looking for.
Our team of experienced developers and designers can help you bring your vision to life and create a customized solution that meets your unique needs
Contact us today to learn more about our services and how we can help you succeed in the healthcare industry.
