Why Your Next Startup Should Focus on Healthcare - SmallBizDaily

After gaining the highest amount of venture funding in 2014, the healthcare industry became a viable target for startups. The US healthcare system is now worth $3,504 trillion and the industry is opening up hundreds of new opportunities for entrepreneurs. Right now, every healthcare practitioner is utilizing at least one mHealth application or medical tracking device to perform his or her duties faster and more efficiently. It won't be long until older technologies for patient monitoring and data gathering are replaced by healthcare apps with AI and machine learning functions. As they say, starting a business in the healthcare industry will require more preparation and bravery compared to venturing into other types of industries.