New Delhi, 2 March (IANS). According to Jirodha co-founder Nikhil Kamath, India’s Preventive Healthcare Market has doubled in the last four years, with ‘wellness and fitness’ alone to contribute $ 98 billion and the total market size is 51 percent.
Preventive Healthcare also has a big opportunity to make money, as the estimated size of the market is $ 197 billion by 2025, or about Rs 8 lakh crore.
Kamath posted on the X social media platform, “Everything related to health seemed very quickly in the last decade. This situation is changing now and health and long life are being made in urban India.”
According to the data shared in the post, consumption of live fitness content has increased by 1,300 percent since the time of Kovid epidemic, which has completely changed the world’s approach to health.
This is the increasing consciousness, which is going to benefit India. This post gave information about the possible development of the tax fitness industry in India comparing the wearables and gym to the gym.
According to Kamath’s post, according to 2021 data, 114 units of fitness veiles are sold per 10,000 people in India, while the global average is 645.
This reduces the sales of fitness wearable in India by 82 percent compared to the global number.
Indians spend an average of Rs 4,000 to 10,000 annually on preventable healthcare. According to his post, preventable healthcare includes exercise, healthy nutrition, health insurance, early diagnosis and health tracking.
Another information came out from the post that India is far behind in terms of gym subscription, which is 0.2 percent of the total number of the world.
According to the data, “In addition, not only we have the lowest gym subscription in the world, but more than 50 percent of the gym members do not regularly visit the gym. The data has also shown that India currently has a total of 96,278 gyms.”
-IANS
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