The healthcare industry is one of the hardest to digitalise – rumour has it the NHS still uses faxes! But with a pandemic, initiatives that suddenly have previously taken years to adopt have become reality within a matter of weeks.
The Coronavirus crisis has brought a new focus to the healthcare industry. Healthcare and healthtech start-ups are ramping up innovation efforts. Unfortunately, the UK healthcare space is complex and high risk; startups face fundraising challenges and hurdles from existing healthcare institutions.
Let’s take a deeper look at existing challenges in the healthcare ecosystem and issues innovative healthcare businesses need to consider:
The drivers for market growth are there and the opportunities are lucrative and satisfying. But without a considered approach many things can go wrong: backers withdraw funding, hardware loses out to the software, drugs fail and key development milestones are missed.
If you’re running a HealthCare or HealthTech business and would like advice from a trusted advisor. Join us today and take a look at our healthcare advisors.
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