India’s preventive healthcare market has doubled in size in the past four years. ‘Wellness and fitness’ alone contributes $98 billion and occupies a major 51 per cent of the total market size. The projected size of the market to hit $197 billion, which is around Rs 8 lakh crore by 2025.Indians on an average spend anywhere between Rs 4,000 to Rs 10,000 annually on preventive healthcare. India lags far behind in gym subscriptions, with 0.2% of the world’s total tally. The data also highlighted that India currently has 96,278 gyms in total,” according to the data. The post further substantiated the potential growth of the fitness industry by comparing the under penetration of wearables and gym goers in India with the world. As per 2021 data, according to Kamath’s post, 114 units of fitness wearables is sold per 10,00 people in India as compared to the global average of 645. This makes the fitness wearable sale 82 per cent lesser in India against the global number.
