Preview

Wellness Industry in India

Powerful Essays
Open Document
Open Document
1706 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Wellness Industry in India
INTRODUCTION

In India, a country where traditional medicinal and health practices like Ayurveda and yoga have promoted the idea of mental and physical wellbeing since ancient times, a new concept of wellness is emerging. No longer limited to health, nutrition and relaxation, the new multi-dimensional definition of wellness encompasses the individual’s desire for social acceptance, exclusivity and collective welfare.
WELLNESS INDUSTRY

The 2009 FICCI-Ernst & Young (EY) Wellness – Exploring the Untapped Potential report classifies the Indian wellness industry into two segments: wellness services and wellness products. Expected to grow dramatically in the next years, both the segments offer great opportunities to wellness providers. At the end of 2008, the overall industry was estimated at around INR 27.000 crore (EUR 4.05 billion1), of which INR 11.000 crore (EUR 1.65 billion) represented by the services segment and the rest by the products segment.

WELLNESS INDUSTRY SIZE AND SEGMENTATION (EUR billion)

1,65 41% Wellness Products Wellness Services 2,4 59%

Source: Ernst & Young and FICCI

According to the study, the wellness industry has the potential to sustain a compound annual growth rate of more than 14% till 2012, with the wellness services market expected to witness an annual growth of approximately 3035% till 2014.

1

The conversion rate utilized in this report is 1 INR = 0.015 EUR.

WELLNESS INDUSTRY PROJECTIONS (EUR billion) 7,00 6,00 6,00 5,00 4,05 4,00 3,00 2,19 2,00 1,00 2009 2010E 2011E 2012E
Source: Ernst & Young and FICCI

5,26 4,62 3,84 2,90 1,65 Wellness Industry Wellness Services

Geographically, South India is much ahead in terms of wellness, with an average of 34.4 wellness centers per 100.000 households, compared with 13.6 for the North, 12 for the West and 10.1 in the East.

AVERAGE NUMBER OF WELLNESS CENTERS IN INDIA 0 South North West East 13,6 12 10,1
Source: Ernst & Young and FICCI

5

10

15

20

25
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Case Fairchild Water Technologies, Inc.
    • 707 Words
    • 3 Pages

    Case Fairchild Water Technologies, Inc.

    2. By performing some research over the internet, I found out some figures that could justify the attractive of the Indian market. For instance, globally more than one billion people lack access to safe drinking water and approximately 2.4 Billion people lack access to proper sanitation, nearly all of them in the developing countries, including India. Nearly a third of the world’s population worldwide live in water-stressed areas. This figure is expected to rise to two-third of the population by 2025.…

    • 707 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Six Dimesions of Health Worksheet SCI163
    • 411 Words
    • 2 Pages

    Six Dimesions of Health Worksheet SCI163

    Whenever I would think of health and wellness, my mind would always revert back to just being sick or being in shape. I have learned that it is much more to it than just that. Health and wellness is more of being in a state of total social, mental, and physical wellbeing. Factors such as the environment, social life, emotions, spirituality, and physicality all play a role in one’s health. In order to life fully with meaning, these dimensions are a very important part of our health. Physical health deals with body size and shape. Social health is more of how you deal…

    • 411 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    SCI100 Syllabus
    • 2086 Words
    • 15 Pages

    SCI100 Syllabus

    This course provides an overview of the key components of comprehensive wellness. Based on a preventive model, the…

    • 2086 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Better Essays

    New Product Launch Marketing Plan
    • 2638 Words
    • 8 Pages

    New Product Launch Marketing Plan

    There are so many treadmills out on the market today, individuals try to find just the right one that will give them just the right workout for their lifestyle. With the innovative features that are installed on My Run Buddy, such as the Voice Command option, Learning Team A believes that this will escalate My Run Buddy to the top of everyone 's list of treadmills. Learning Team A estimates that with these innovative features, sales will be high and profits will be generated.…

    • 2638 Words
    • 8 Pages
    Better Essays
    Read More
  • Good Essays

    Nt1330 Unit 7
    • 3574 Words
    • 15 Pages

    Nt1330 Unit 7

    Wellness is “a state of complete physical, mental and social wellbeing and not merely the absence…

    • 3574 Words
    • 15 Pages
    Good Essays
    Read More
  • Powerful Essays

    Community Health Continuum
    • 1254 Words
    • 6 Pages

    Community Health Continuum

    What is wellness? What are the dimensions of wellness? How is wellness conceptualized as a continuum?…

    • 1254 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    study guide
    • 1989 Words
    • 8 Pages

    study guide

    Required Text: Anspaugh, D. J., Hamrick, M. H., and Rosato, F. D. Wellness - Concepts and Applications. McGraw Hill.…

    • 1989 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Health Assessment
    • 4367 Words
    • 18 Pages

    Health Assessment

    * Physical wellness: Your physical wellness includes not just your body’s overall condition and the absence of disease but also your fitness level and your ability to care for your self…

    • 4367 Words
    • 18 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Counseling Specializations and Multidisciplinary Teams week 6
    • 1957 Words
    • 6 Pages

    Counseling Specializations and Multidisciplinary Teams week 6

    One of influential wellness model is the Wheel of Wellness, which is a theoretical based model. This model was developed as continual model basically based on individual psychology on Adler 's framework (Myers et al., 2001). In this model, spirituality was factored as the significant part and foundation of wellness. Spirituality was defined as the revelation of meaning, purpose, optimization, and connection that people get in relation to their lives. The life tasks of this model involves significant development of high-level of functioning in the areas of spirituality, self-regulations, occupation and hobby, companionship, and love (Myers et al, 2001).…

    • 1957 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Better Essays

    International Boost and Industry Overvi
    • 1738 Words
    • 11 Pages

    International Boost and Industry Overvi

    The Wellness Category is the one of the fastest growing retail categories in the world.…

    • 1738 Words
    • 11 Pages
    Better Essays
    Read More
  • Good Essays

    Health Promotion
    • 985 Words
    • 4 Pages

    Health Promotion

    “Health is thus not only about disease and medical care systems but also about the environment around us, which influences the mental and physical state of a person. It is a multidimensional phenomenon.” (Ambedkar, Pg 189) When promoting health it is important to realize that an individual’s health encompasses the person as a whole. It includes their environment, physical and mental well-being, cultural beliefs and background as well as religion. To promote health in a positive manner with positive outcomes for the patient all these things need to be considered and the interventions and education need to be tailored to each individual’s personal needs and beliefs.…

    • 985 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Self Reflection on Wellness Promotion
    • 1755 Words
    • 8 Pages

    Self Reflection on Wellness Promotion

    References: Anspaugh, D.J., Hamrick, M.H., & Rosato, F.D. (2006). Wellness: Concepts and applications (7th ed.). Boston: McGraw Hill.…

    • 1755 Words
    • 8 Pages
    Good Essays
    Read More
  • Good Essays

    Personal Philosophy Of Nursing
    • 955 Words
    • 4 Pages

    Personal Philosophy Of Nursing

    Health is affected by “medical, social, economic, spiritual and many other components” (Larson, 1999). Whereas the focus of health was on the treatment of illness, it has now shifted to prevention and wellness. The conceptualization of health has been summarized into four models. The Medical model is characterized by the “absence of disease or disability” (Larson, 1999). The World Health Model (WHO) is a “state of complete physical, mental, and social well-being and not merely the absence of disease” (Larson, 1999). The Wellness model focuses on “health promotion and patient education” (Larson, 1999). The Environmental model looks at an “individual’s adaptation to the environment” (Larson, 1999). The goal of any wellness model should be to allow the patient to maintain health or recover from illness, and help them cope with their illness to live the highest quality of life possible.…

    • 955 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Role Opportunities for Nurses in Community Care in Elderly
    • 411 Words
    • 2 Pages

    Role Opportunities for Nurses in Community Care in Elderly

    Wellness is not merely the absence of disease or illness.Wellness includes the physical, emotional, mental, and spiritual components of a person.There are five dimensions of wellness.…

    • 411 Words
    • 2 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Osim International
    • 3136 Words
    • 13 Pages

    Osim International

    Osim International Ltd. (Osim) is a Singapore listed company; a global leader in the healthy lifestyle products industry. It has been led since its inception by CEO Ron Sim, the company’s value driver, instrumental in bringing Osim to where it is today, greatly influencing its vision, mission and values with his personal touch. The company has expanded to more than 1,100 stores in more than 30 countries worldwide. Within the next 3 to 5 years, they plan to open over 50 outlets and further expand their subsidiaries, GNC and RichLife.…

    • 3136 Words
    • 13 Pages
    Powerful Essays
    Read More

Related Topics