What are the Key Challenges Faced by Healthcare Entrepreneurs?
While the healthcare sector offers immense opportunities, it also presents several challenges:
Regulatory Hurdles: Navigating complex regulatory frameworks is essential for ensuring compliance and securing approvals. High R&D Costs: Developing new medical technologies and pharmaceuticals requires substantial investment in research and development. Market Entry Barriers: Established players dominate the market, making it difficult for new entrants to gain traction. Data Security: Ensuring the privacy and security of patient data is critical, especially with increased reliance on digital health solutions.