Want to build a business that makes a difference? Right now healthcare is one of the fastest growing industries in the world. And that means huge business opportunities for entrepreneurs who know where to look.
Accessible, affordable care is in high demand. And that demand shows no signs of slowing down. Here’s the problem: most people don’t see just how underserved our healthcare system still is.
And that’s where entrepreneurs can step in.
Healthcare business opportunities are exploding because there’s just not enough quality care to go around. If you’ve got what it takes to fill that void you could have a profitable business in no time.
Let’s dig into:
- Why Healthcare Is Such a Great Industry for Entrepreneurs
- Mobile Clinic Community Outreach Is Booming
- 6 Healthcare Business Ideas You Can Dive Into Right Now
- How to Decide Which Business Idea to Pursue
Why Healthcare Is Such a Great Industry for Entrepreneurs?
The healthcare industry is booming.
Experts predict healthcare profit pools will grow at a 7% annual rate through 2027.
But here’s the fun part for entrepreneurs…
Can you guess how many Americans can’t access or afford quality healthcare?
Half.
Yep, Half of American adults can’t get the care they need. That’s not a problem. That’s an opportunity if you’re an entrepreneur who can provide a solution.
Healthcare doesn’t have to be provided by hospitals anymore.
Outpatient care, at-home visits, and community-based healthcare are growing at record rates. Entrepreneurs who align themselves with this trend early will be miles ahead of their competitors who don’t.
Mobile Clinic Community Outreach Is Booming
Mobile clinic community outreach is one of the biggest healthcare trends happening today.
Why? Because there are still millions of Americans who live in rural or underserved areas without access to basic healthcare. Mobile clinics are a solution.
There are fewer and fewer reasons these days to own a brick and mortar clinic. Mobile medicine allows healthcare to flow to the people who need it most.
The U.S. mobile clinics market is expected to reach $8.02 Billion by 2033.
That’s an 11.3% annual growth rate. Businesses who get in early to start a mobile medical clinic will have a huge advantage.
These clinics can be staffed with nurses, doctors, pharmacists, dentists, you name it. They can bring anything from primary care to dentistry to rural communities that would otherwise go without.
Plus.
Starting a mobile clinic business is easier than you think.
You don’t need to buy expensive real estate. You don’t need to invest in massive overhead. Just focus on getting the right equipment into a vehicle and driving it to where it’s needed most.
6 Healthcare Business Ideas You Can Dive Into Right Now
Alright – you’ve got the background. Let’s talk about actual healthcare business ideas. These are the top healthcare business ideas entrepreneurs should be paying attention to right now.
Telehealth Services
Think virtual appointments with healthcare professionals and doctors.
The global telehealth market is growing at an annual rate of over 24% and isn’t expected to slow down any time soon.
Patients love telehealth. Doctors love telehealth. It’s a win-win and should be a key component of any healthcare business you build.
There are a ton of opportunities in this space, whether you’re building your own telehealth platform or partnering with providers to offer telemedicine as an ancillary service.
Mobile Health Clinics
Mobile health business ideas were mentioned above, but they deserve their own section.
These clinics are revolutionary. You can deploy them to underserved areas and provide just about any kind of care you can dream up:
- Preventive care
- Chronic disease management
- Mental health counseling
- Dental services
- Virtually anything else
Your mobile business can be generalists that provide anything and everything the community needs, or hyper-focused on one particular service that’s lacking in their area.
Home Health Services
Home health agencies are another rapidly growing sector of the healthcare industry.
Patients want to be seen at home instead of going to a hospital whenever possible. That’s especially true of seniors and those with chronic conditions.
Building a home healthcare agency that offers nursing, therapy, and at-home monitoring is a business you can scale for years to come.
Health Technology & Wearables
There’s a reason the wearable health device market is expected to generate $98 billion by 2032.
Technology in the healthcare industry is going to change the game over the next decade. Entrepreneurs that offer innovative solutions to common healthcare problems will win big.
Here are a couple of ideas to consider:
- Health monitoring apps
- Remote patient care devices
- Wellness platforms that connect patients to providers
- Anything else that bridges the gap between patient and provider
Hey, don’t forget about smartphones.
Every smartphone in the world is a potential dashboard for patient health information. If you build the right tool, you could own a massive market of at-home patients.
Mental Health Platforms
Mental health care is a hot button issue across all facets of healthcare. Providers are struggling to meet the demand for mental health services.
Entrepreneurs can step in here and provide:
- Digital therapy platforms
- AI-driven mental healthcare services
- Mobile counseling services
- Anything else that can meet rising demand
Mental health is one of those businesses where you can make a ton of money helping people. Don’t sleep on it.
Senior Care Services
Lastly, never underestimate the ever-growing senior population.
Providing care for senior citizens is a business you can build almost anywhere. And chances are you know someone who could use senior-specific healthcare services.
Anything from in-home care to specialized wellness services can be a booming business for years to come.
How to Decide Which Healthcare Business Idea to Pursue?
So how do you narrow it down? The first thing you should do is take a look at your community. What specific healthcare needs are going unmet in your area? You can build a successful healthcare business around solving one specific problem.
There’s a lot more that goes into picking the right opportunity but start with these questions:
- How much will this opportunity cost to get started?
- What licensing or regulatory requirements are involved?
- Is this business model scalable?
- Does the community actually need this service?
You don’t have to do everything at once. Pick one of these opportunities. Learn the ins and outs. Master it. Then pick another and repeat. Entrepreneurs who look to provide real value to their community are the ones who will succeed in this industry.
Bringing It All Together
The healthcare industry is ripe with business opportunities for entrepreneurs. Mobile medicine, telehealth solutions, at-home care services. the list goes on and on. As long as there are people in need of healthcare services there will always be a business opportunity to provide them.
Let’s review:
- Experts predict healthcare profit pools will grow by 7% annually through 2027
- Mobile medicine is a booming industry that provides real solutions to access problems
- Some of the hottest emerging healthcare business ideas include:
- Telehealth Services
- Mobile Health Clinics
- Home Health Services
- Health Technology and Wearables
- Mental Health Services
- Senior Care Services
- You can decide which healthcare business idea to pursue by looking at the specific needs of your community.
Healthcare entrepreneurs are going to thrive in the next decade. Not only is the industry growing at a rapid pace, but healthcare businesses provide solutions to real problems. Entrepreneurs who move now can start building a profitable business that truly makes a difference.