Are you ready to enter the digital healthcare marketplace with a valuation of billions of dollars with your amazing healthcare product?

Well, Healthcare technology is transforming how we approach healthcare, from remote patient monitoring to AI-powered diagnosis. With 41,517+ healthcare and medical apps available in the Apple app store and 54,546+ in the Google Play store, if you want to secure a place, you must come up with one of the best from millions of healthcare business ideas and possibilities.

Not just that, the global mHealth app market is also estimated to grow at a CAGR of 14.9 and a valuation of USD 86.37 billion by 2030.

When planning to develop your healthcare app, you have to have robust medical business ideas in place with the potential to drive better interest for better business opportunities.

Hence, we have created this blog just for you to explore innovative ideas for healthcare business.

Top Healthcare Business Ideas to Fuel with Digital Innovation in 2024

In the era where even for the smallest thing we do Google or even give commands to our personal smartphone assistant, it’s more than just a necessity for businesses to go digital with their organizations. When businesses from every industry are exploring digital transformation initiation, why should the healthcare organization stay behind?

In fact, it’s believed that the healthcare sector has been the earliest and largest stakeholder in this digital world, and adopting the latest digital innovations. Not just that, one Deloitte survey revealed that most of the healthcare businesses showed affirmation for achieving over 92% of positive patient experiences.

And when patients/digital users are using the internet to search for the disease and symptoms they are having, then why not take their curiosity seriously and get your healthcare businesses out of it?

So, let’s have a look at medical business ideas that can bring better opportunities for your healthcare startup initiatives:

list of best healthcare business app ideas

1. Telemedicine Apps

In the rise of digital transformation trends in the healthcare sector, telemedicine apps are revolutionizing the way patients engage with healthcare service providers.

If searching about the telehealth and telemedicine app market statistics, it’s projected to reach $288.7 billion by 2028 at a CAGR of 23.8%.

But what’s in this particular telemedicine app? Well, using this telemedicine app, patients can schedule an appointment with the doctor they want to have a consultation with, have a video call and remotely consult them, even chat with them if required, get prescriptions through the app, order medicines, and more than just that if expanded its features and functionalities with the help of right telemedicine app development company.

2. Mental Health Support Apps

In this fast-forwarding life, where everyone is busy with their schedules and occupied with things, they often find themselves detached from the real meaning of life. This detachment often results in mental health-related issues. Apart from that, others can be the reasons behind mental health issues, it could be natural from birth, due to some accident (such as PTSD), etc.

If looking at the statistics revealed by the CDC, then 1 in 5 adults living in the US have a mental illness at some point during their life—some even have down syndrome. The same number of adults in the US are also dealing with serious conditions like schizophrenia, bipolar disorder, or major depression.

It’s the talk of the whole world, not just in the US region. And nobody is that open up about their mental illness. Hence, this world needs a dedicated mental health support app that can help today’s youth and users of any age address their mental health issues. These apps offer a range of features, including mood tracking, therapy sessions, and support groups.

Hence, mental health support apps have the potential to grow at a CAGR of 15.2%, with a revenue forecast of $17.5 billion by 2030. This also asks for investment opportunities in good mental health business ideas.

3. Medical Record (MHR) Management

If there’s a hospital or any medicine dispensary, there’ll always be records of patients and medicines. But in this digital era, where everything is available with just a few clicks, why would someone like to flip the pages of traditional booking registers and files? No one, right?

Moreover, how wonderful will it be to digitize every medical record with access to respective parties with authorization and from anywhere? That’s wonderful, right?

The fun part is not only healthcare organizers but even it can be the idea of a healthcare startup wanting its users to have access to their health data with easy accessibility and sharability with the healthcare service provider would need it.

These kinds of apps, apart from the Medical Record Management apps are also known as Electronic Health Records (EHR) systems.

As per Grand View Research, the revenue of EHR systems is expected to grow to $38.5 billion by 2030 at a CAGR of 4.1% from 2024-2030.

4. Medication Management Apps

In this busy life, there are times when many patients taking medicine for a lifetime often forget to take medicines. If the patient is diabetic or has blood pressure issues or something more concerning disease, missing a medicine dose can cause serious trouble to their health. As per the NIH research, almost 50% of patients fail to take medicines as prescribed.

Hence, building a medication management app could be the best idea top healthcare startups can target. Not just that, the revenue of the medication checker apps is expected to generate $1.74 billion by the end of 2024 and it may grow to $2.77 billion by 2028 at a CAGR of 12.33% (2024-2028).

Now, what kind of features this medication tracker or management app can have? You can equip your medication management app with features like medication reminders, dosage tracking, and refill notifications, and even with an AI-enabled system to reorder the ones if they get out of stock till the period the doctor has prescribed.

5. Fitness and Wellness Apps

Fitness and wellness is the industry trend that everyone’s following insanely. Be it kids, adults, or elders, today everyone’s health conscious. Let’s focus on some facts shared by the FitnessFit:

  • Around 174 million people across the world are active club members.
  • The fitness has achieved quite a good adoption rate of digital fitness, which is over a 30% increase from the ones reported in 2021. Moreover, the AI fitness app adoption rate was marked at 17% on a yearly basis.
  • In 2022, the industry noticed a 45% increase in the adoption of holistic wellness.

Well, there are many others, making you realize that one of many healthcare business ideas, opting for fitness and wellness apps can be a great choice.

Moreover, the global fitness app market is all set to reach $267.70 million by the end of 2024 and may grow to $370.50 million by 2028 at a CAGR of 8.46%.

Now, when it comes to fitness and wellness apps, you have various options available. So you can build any of the mentioned below:

  • Workout and Exercise Apps, offering personalized workout plans, live classes and training sessions, home workout guides, and more.
  • Nutrition and Diet Plan Apps, offering meal planning and recipes, calorie and macro tracking, dietary restriction management, and more.
  • Mental Health and Mindfulness Apps, offering various meditation and relaxation activities, mood tracking, therapy and counseling, and more.
  • Yoga and Pilates Apps, offering virtual yoga classes, pose guides and tutorials, progress tracking, and more.
  • Sleep and Recovery Apps, offering sleep tracking, relaxation and sleep sounds, recovery programs, and guides.
  • Habit Formation and Goal Setting Apps, offering features for habit creation and tracking, reminders and motivations, and progress tracking.

You can find your ideal fit for the top healthcare startup idea you think has the potential to build a good business out of it.

6. Women’s Health Apps

Women in their adulthood and even after that deal with many hormonal changes and health conditions. From the menstruation cycle to pregnancy to menopause, they go through many phases in their life. All the changes also affect their emotional senses and in many other ways.

Hence, there should be women’s health-specific apps that allow them to track their periods, check on their mood, reminder about medication to take and appointments with their gynecologist, and a lot more.

So, all it takes is extensive surveys about women’s health from many recipients, finding the cause to look after, figuring out the right app-based solution, and building a successful app idea around it.

7. Senior Care Apps

Just women’s health and elderly care are also important. As we grow older, our bodies start losing minerals and many necessary nutrients. After the age of 45, our body start facing health issues like high blood pressure, vitamin deficiencies, diabetes, failure of organs, joint issues, etc.

Hence, for that age group, it becomes necessary to take extra care, exercise, take medicines on time, focus on physical activities, etc.

One survey says that by the end of this decade, the Elderly care apps are likely to grow at a CAGR of 10%.

For the elderly care, you can focus on creating apps like:

  • Elderly Health Monitoring Apps with features like vital sign tracking, and medication reminders.
  • Fitness and Wellness Apps with features like senior-friendly exercise programs, yoga and meditation, nutrition and diet tracking, and more.
  • Elderly Safety and Emergency Apps with features like fall detection, emergency response, safety check-ins, and more.
  • Accessibility and Usability Apps with features like hearing assistance, vision support, voice command and control, and more.
Stay ahead in the healthcare industry with our tailored healthcare app development expertise.

Conclusion

The healthcare app market is all set to advance its journey and make significant growth in 2024, influenced by technological advancements and shifting patient expectations. By focusing on the health and wellness business ideas that we have covered above, healthcare startups can find better business opportunities through innovative solutions, improving patient health outcomes and healthcare efficiency.

However, to build an amazing healthcare startup, you need a robust app in which healthcare app development company helps – the one with a proven track record in delivering successful healthcare apps to global clients.

FAQs:

Some of the popular and promising healthcare startup ideas include telemedicine platforms, mental health support apps, personalized health record management systems, and apps with advanced technological capabilities.

To grow your healthcare business, focus on delivering exceptional patient care, leverage digital marketing strategies, and utilize patient feedback to improve services. Additionally, think of expanding healthcare service offerings, forming strategic partnerships, and investing in technology and innovation can drive growth and efficiency.

In the healthcare sector, the most promising businesses include telemedicine platforms that offer virtual consultations, remote patient monitoring, and convenient access to healthcare services, meeting the growing demand for accessible and efficient medical care while significantly reducing operational costs.

To start an online healthcare business, you need to identify your niche, conduct market research, develop a business plan, secure funding, assemble a team of qualified healthcare professionals, tech developers, and support staff to provide quality services, build your platform, ensure compliance, launch, marketing, and finally proactive monitoring and improving the digital healthcare platform.

Here are some examples of entrepreneurs in health care: Glen Tullman – Co-founder of Livongo Health, a company that uses technology to help people manage chronic conditions like diabetes; Judith Faulkner – Founder and CEO of Epic Systems, a leading healthcare software company providing electronic health records; Adam Jackson – ex- Co-Founder at Doctor On Demand, and many others.

Mahil Jasani

Article By

Mahil Jasani

Mahil Jasani began his career as a developer and progressed to become the COO of Excellent Webworld. He uses his technical experience to tackle any challenge that arises in any department, be it development, management, operations, or finance.