Affiliation:
1. Amity Institute of Biotechnology, Amity University, Noida, India
Abstract
The COVID-19 pandemic has been an eye-opener towards human lifestyle and the healthcare sector. During this phase, a new factor witnessed by humankind is the economic and social impact of the healthcare sector. Due to this rising concern in the healthcare sector, new market segments, niches, and micro-niches are created, which have given some abundant opportunities for entrepreneurs to execute new business models, ideas, and technological implementations. This definitely will add uniqueness and will revolutionize the healthcare sector. Adding up, the new normal at this moment is artificial intelligence, machine learning, and virtual reality, which together have changed the perspective of the healthcare sector. So, keeping all these factors in mind, this chapter focuses on transformations in the healthcare sector during the pandemic followed by discussing various innovations and entrepreneurial ideas in the same with all the overcoming challenges. Furthermore, the significant innovations which have improvised the understanding of novel biological threats will also be discussed.