Investment Opportunities in Medical Entrepreneurship from a Global Snapshot
Lukman Raimi,
Fatimah Mayowa Lukman and
Raden Mas Muhammed Mukhriz
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Fatimah Mayowa Lukman: Universiti Brunei Darussalam
Raden Mas Muhammed Mukhriz: Universiti Brunei Darussalam
Chapter Chapter 6 in Medical Entrepreneurship, 2023, pp 79-99 from Springer
Abstract:
Abstract The healthcare industry is an important segment of the global economy when viewed in terms of its contribution to citizens’ wellness, foreign direct investment, revenue generation and employment creation. In pursuance of the targets of SDGs related to health and wellness, the governments of high-income, low-income and middle-income countries have amplified their budgetary allocations on health care because of the prevalence of terminal diseases, an ageing population and emerging middle-class suffering lifestyle ailments such as cancer and obesity. The mixed trends in global healthcare offer important promises for medicine entrepreneurship on the one hand and present a good business opportunity for investors in the global healthcare industry. To meet these two mandates, the current chapter discusses investment opportunities in medical entrepreneurship from a global perspective. Apart from the evergreen hospital, pharmacy and veterinary clinic business models, the chapter discusses 25 investment opportunities in medical entrepreneurship that aspiring medical entrepreneurs with the support of venture capitalists, angels and financial institutions could explore and exploit for long-term streams of revenue in the global healthcare industry. The main practical implication of the discourse is that medicine entrepreneurship as a novel paradigm with new ideas and practices has the prospect of providing the global healthcare industry with innovative, cheaper, accessible and affordable healthcare solutions for meeting the medical needs of diverse populations in both developed and developing countries.
Keywords: Business models; Healthcare industry; Investment opportunities; Medical entrepreneurship (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-6696-5_6
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DOI: 10.1007/978-981-19-6696-5_6
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