The onset of the pandemic leads a transformation in the healthcare sector by emphasising our reliance on healthcare technologies. It has modified the way we do healthcare practices. Patients can get the best treatment while remaining in their comfort places; doctors can easily set appointments, meet virtually, and prescribe the medicine online.
The Indian government also emphasised and launched some digital solutions to ease the task of booking vaccination slots. Such use and growing interest among doctors and patients to use healthcare technologies have increased the scope for medical applications.
The sector is expected to expand within the coming years, bringing a lot more opportunities for newbie entrepreneurs. So, if you want to make an investment in a healthcare application development company and build your own app, then grab the opportunity as it can make a huge profit tomorrow.
Read throughout the post and learn what factors lead to evolving opportunities for a newbie entrepreneur so that you can have the most out of them.
Factors lead to evolving opportunities for newbie entrepreneurs
- Boosting Revenue
During pandemics, the use of healthcare apps increases as people cannot move out of their houses to consult with doctors. They started using healthcare technologies to monitor their health, treat chronic conditions, and verify their vaccination details. People feel it is a more convenient option than visiting a nearby hospital and clinic due to the fear of Covid-19.
Such disturbance in society opens the doors of opportunities for healthcare app development. Several companies and entrepreneurs have come up with the idea that provides more convenience to the users. This influences sudden growth in the market with 38.89 billion USD in 2021, which can reach 314.60 billion USD in 2028. Moreover, marks a 34.8% CAGR (compound annual growth rate) for 2021-2028.
- Increased Use of Internet
Things have not been the same since the arrival of the Internet in our daily life. People love how easy it gets to communicate, learn, and grow while sitting inside their homes. The Internet connects the world to simplify communication between groups. Earlier, while it was hard for rural people to communicate with the world, now, it is possible, thanks to the Internet.
As per the report, internet penetration in rural India was recorded at 20.2% in December 2017 and 18% in 2016. Since then, the figure has been impressively increasing and motivating entrepreneurs to build top-notch technologies that every internet user can effortlessly use.
- Higher Download Rates
What else is more motivating than the higher download rates?
Higher download rates mean higher efficiency of the product among users. The pandemic years have witnessed the huge download rates for every healthcare application. Not only the Covid-19 specific apps but fitness and health tracking apps get famous among users worldwide.
Users like how they get notified about their health updates and find medical facilities in a nearby hospital. This rising trend among people to get an easy outlook without worrying more motivates several newbie companies to develop their applications and promote convenience in the users lives.
- Sedentary Lifestyle
As technologies are growing and making our lives easier, we tend to remain inside our homes while cutting unnecessary physical activities. Offices, schools, and everything are present on our mobile screens. This enhanced tech world and the new tendency are beating the conventional living mode while modifying our space into a much more convenient place.
The sedentary lifestyle opens the way for more digitized solutions, where people can choose their doctors, consult them over a video, and get the medicines and prescriptions at their doorways. Thus, providing a reason for businesses to develop and invest in such applications. The world has seen digitalization in some past years and will witness more with these apps and solutions.
To Wrap Up!
These factors are quite efficient in providing you with a brief on how the medical world is getting digitised and what roles the entrepreneurs do for bridging the communicative distance between doctors and patients.
Now that you have learned all those factors and reasons for promoting digitalization in healthcare, why don’t you develop your own app?
Let’s consult with the best healthcare app development company and get insights on building your dream project.
However, if you want to ask anything regarding the post, let us know in the comment section. Our technical experts will resolve your queries with the right assistance and support.