industry

Healthcare & Fitness

overview

Healthcare & Fitness

Mind Commerce sees Sports and Fitness, Healthcare, and Clothing as key markets for the early success of wearable technology. Among these three segments, Sports and Fitness is the most promising segment for wearable consumption. The segment comprises various products out of which wrist bands, wrist watches, and headgears will dominate the segment. In addition, most products in this segment will be associated with measurement and monitoring fitness and performance and will be used by both amateurs and professionals.

017 has been a landmark year for the Indian healthcare landscape with the release of Government’s National Health Policy 14 years after the previous version. This, coupled with significant traction in the healthtech space, prompted NASSCOM Research team to develop and release one-of-a-kind report titled ‘Healthtech in India – Are we there yet?’ Globally and in India, before of wrath of communicable diseases could have been tackled, chronic non-communicable diseases (NCDs) such cardiovascular disorders, diabetes, hypertension, cancers and mental illnesses are becoming leading causes of disease burden, increasing healthcare expenditures every year. In India, particularly, with lower density of skilled health professionals (27.5 per 10,000 population), significant divide between cities and remote areas and a high percentage of out-of-pocket expenditure (62.4%), makes technology intervention indispensable. And healthtech start-ups have a critical role to play here.