Small Business Idea: Healthcare Business

[Lily]

Delve into a low-risk venture by entering the healthcare industry. The demand for healthcare remains constant, making businesses within this niche resilient. With various options such as clinics, labs, and pharmacies, you can tap into a market that contributes significantly to GDP in developed nations, such as the United States where it constitutes about 18 percent. The global healthcare industry's worth was $8.45 trillion in 2018 and is expected to rise to $10 trillion by 2022. The aftermath of the Covid Pandemic has emphasized the need for small-scale health facilities, presenting opportunities for clinics, labs, online diagnosis, and pharmacies, with the potential to start a clinic for less than $50,000.