Currently, healthcare might just prove to be the right sector for a startup innovation. Traditionally, this sector has always been dominated by heavyweight insurance providers and leading multinationals, thus room for mid and small sized players has been limited. However, smoothing of healthcare costs to consumers as well their employers is leading towards a steadier healthcare ecosystem. Though businesses continue to witness a steady growth, but the global economy is yet to completely recover with consumers starting to show a greater purchasing power only in recent years. For the healthcare sector, 2017 could be a year where medical costs reach an equilibrium state.
Undoubtedly, the healthcare world is consumer-centric and expected to create lot of scope for B2C and B2B options in the near future. The biotechnology space could be a possible option for new entrance. The healthcare biotech space is directly connected to scientific and medical specialization that could support groundbreaking novelty at a whole new level. It is no secret that latest biotechnological innovations can save and increase life expectancy as well as educate us more about our own biology. At present, the biotech space is encouraged by strong capital investments and which could possibly lead to more innovations over the next couple of years. This year, the 30 new biotech IPOs are likely to be launched and if the trends continues, more venture capital investment could be expected in the following month, mostly acting as an incubator of biotech startups. Reportedly, the software and biotech space will receive highest funding as compared to any other sector and it might be the right time to break into a biotech startup.
Similarly, preventive care in another sub-division of the healthcare, which is likely to exhibit exponential growth opportunities in the upcoming years. This is owing to the increasing demand for nutritional advice as consumers all over the globe continue to get more informed about health management. Incidentally, this sector is extremely diversified, comprising of segments such as health tracking software, diet foods, wearable technologies, nutraceuticals, and many more. Today, wellness products have invaded all the spheres of our lives, gaining more trust among consumers. For instance, there are apps that can guide users in locating healthy dining options when they are planning to go to a restaurant. Hence, these tech startup are actually catering audiences who fit more into healthcare end-use segment rather than being consumers of technology.