⁉️Market Minutes & Real World Feasibility
• Personalized biometric health data are now accessible to millions of individuals at the touch of a button, thanks to wearable gadgets such as the Fitbit, Apple Watch, and Garmin, as well as a good number of the smartphones we carry with us during the day.
• The IHRSA reports that the health and fitness business in the United States, which is now worth around $30 billion, has been expanding by at least 3–4 percent annually over the last 10 years.
• In 2017, the worldwide market for fitness and wellness accounted for $4.2 trillion in revenue.
• From 2015 to 2017, the market for this sector increased by 6.4% yearly, going from $3.7 trillion to $4.2 trillion, which is almost twice as fast as the expansion of the world economy (which averages 3.6% annually, according to statistics from the IMF).
According to the World Health Organization's estimates, overall worldwide wellness expenditures are more than half as high as total global health expenditures ($7.3 trillion). 5.3% of the total output of the world economy is accounted for by the wellness business. It is anticipated that "WEARABLES WILL BECOME MORE COMMON AND POWERFUL TO FACILITATE POSITIVE BEHAVIOUR CHANGE" in the near future. —BLAINE WILSON, MS, SENIOR DIRECTOR OF WELLCOACHES CORPORATION, TEXAS.—

Last updated