Industry Background:
Medical crowdfunding services are a form of alternative financing that is gaining traction in the health sector. Medical crowdfunding services has a venture purpose and funding method such as project covering health expenses, fundraising health initiative, supporting health research, and financing commercial health innovation. Medical crowdfunding services have economic benefits in the health sector by expanding market participation, drawing money, and awareness of neglected health issues, and improving access to funding, These factors drive the growth of the medical crowdfunding services market.
According to AMA Research, the market for Medical Crowdfunding Services is expected to register a CAGR of 14.0% during the forecast period to 2030. This growth is primarily driven by Enhancing Awareness for Medical Care
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GoFundMe (United States), Ketto (India), ImpactGuru (India), Indiegogo, Inc. (United States), SeedInvest (United States), FundRazr (Canada), Mightycause (United States), StartEngine (United States), MedGift (United States) and CoFund Health (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 11th May 2022, Alira Health announced an acquisition with the RedCrow. The integration RedCrow with Alira Health it enabling the general public to invest in emerging private medical companies. This acquisition enlarges Alira Health’s ability to partner with the patients across the lifecycle of drug and device development into the financing phase for MedTech and healthcare services solutions.
On 1st April 2021, Bioverge, Inc. announced the launch of an equity crowdfunding platform called beverage portal. The purpose behind this launch is to create multiple paths for accredited and non-accredited individuals, family offices, registered investment advisors, private wealth managers, and institutional investors by providing access to highly vetted private healthcare startups. Beverage provides value for companies such as, providing guidance, and leveraging the Bioverage Network to connect them with the strategic partners, advisors, subject matter experts, sources of non-dilutive funding, and institutional investors.The global medical crowdfunding services market is fragmented due to the presence of various players. So the players are focusing on enabling the general public to invest in the emerging private medical companies, awareness of neglected health issues, and improving access to funding, These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions and it maintains their growth at a competitive edge.
Influencing Trend:
Increasing Demand due to the Growing Population and People Raising Finance for Business by Crowdfunding
Market Growth Drivers:
Enhancing Awareness for Medical Care and Increase Inclination toward Safety and Health
Challenges:
Lack of Investors for Medical Crowdfunding Services
Restraints:
Concerns with the Fraud or Scammers
Opportunities:
Emerging Campaigns for Medical Care and Increasing Application of Medical Crowdfunding Services as an Powerful Alternative to other Traditional Investment forms, such as Venture Capital, Initial Public Offerings, and Angel Investments
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Crowdfunding Services Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Crowdfunding Services Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Crowdfunding Services players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Crowdfunding Services Study Sheds Light on
The Medical Crowdfunding Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Crowdfunding Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Crowdfunding Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.