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Healthcare sector 07 Mar 2018

These 5 business ideas may reshape the healthcare industry in 2018

Healthcare has surely become a paramount sector in terms of consumers and business prospects. Here are 5 healthcare business ideas that can be thought about this year.

By Prabhjot Kaur Feature Writer

The healthcare sector is one of the booming industries with numerous options available where the revenue gets doubled each year, making the business the most profitable one till date.

Range Of Opportunities in Healthcare Industry
Modern researchers are of the opinion that by the end of 2020, the healthcare sector would be responsible for creating as many as 5.6 million jobs. Investing in the healthcare industry is quite a lucrative venture for the entrepreneurs of the present day.

Here are few ideas that might be the best ones to cash in on the ongoing trend

Home Health Care Agency
The ideal place where a patient can heal properly is in his or her own home. Capitalising on the needs of homebound healthcare is certainly a lucrative opportunity.

Investing in the category that provides all high-quality facilities of healthcare in the comfort of a patient’s own home is a great idea. The services include:

  • Provision for the registered nurse who is happy to care for the elderly when they become invalid.
  • Providing absolute bed-rest to the patient who has up until recently gone through a surgery.
  • Looking for a new mother along with her a newborn baby.

It seems to be an ideal set up for most patients as it is a cheaper form of health set up. Patients with a limited budget who cannot extend their stay in the hospital should benefit the most out of it. Though cheaper by most standards, investors investing in it are bound to make a profit if they franchise well. Health Care at Home, Zoctr, Healers at Home, Care24, Life Circle Health Services, etc, are a few of the services provided. It is the home nursing care in India.

Mobile Medical Screening
As a start-up, it is the one that consumes a lot less money than the other healthcare set-ups. Mobile medical screening is connected with the proper use of the latest technology. This idea of business is quite simple in reality as it assists people to book all their appointments on time with various doctors at different healthcare centres. Not only that, but with the help of mobile medical screening a patient can:

  • Book their flu shots
  • Important vaccinations
  • Schedule eyesight checkups

It makes life simpler that is devoid of any lengthy procedure of standing in physical or metaphorical queues. The waiting would be totally replaced from the life of a patient mobile medical screening making medical checks far more convenient.

It is the one-stop place that every patient visits for their medical needs. Most people are so used to the traditional way of life that they do not realize how time-consuming it is. Polyclinics bring everything from getting any diagnostics to medicine subscriptions. The investors who want to invest in Polyclinics have a great chance of earning profits as the convenience offered to the consumers in every turn of medical set-up makes many an individual with medical history opt for it.

Baby Spas
It is the most innovative idea to be around that has traditional roots. In India, it is believed that messaging the tiny bodies of the babies, the daily basis would make their brittle bones more strong and develop their muscles. With the passing of time, the system lost its charm but is slowly making a comeback all around the world. Today, it is the place for babies to come in and receive nourishing massages that are required for the uninterrupted growth and well-being of the baby.

Online Medical Sales
It is a billion-dollar business idea that is slowly but surely gaining a preference in the healthcare sector. The easy convenience offered by getting medicine online is gaining popularity on a daily basis with investors flocking in all around.

When it comes to obtaining business ideas for the healthcare sector there is a lot to venture out and about. The business ideas mentioned above are the full proof way to capitalize the healthcare sector in a way that benefits most of the population. If you have a highly profitable and unique business, it's time to let the world know about your brand. Participate in Franchise India Show, India’s first ever Franchise reality show only on Times Now and stand a chance to win prizes worth Rs 5.2 Cr. Click here for registration. 


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