WELLNESS CENTER

Description

The Indian economy has developed as the fastest-growing economies of the World. This growth has driven by technological advances and industry innovations in many sectors. One of the essential elements of this growth has been the Indian Healthcare and Wellness Industry. In the healthcare industry, there is an emerging business that is gaining a lot of attention from the people, i.e., wellness center.

A wellness center is an establishment that offers health services for the body and mind. Wellness centers usually offer skin care services and body services such as fitness, yoga, massage therapy, personal training, and nutrition consulting. Some wellness centers offer more alternate services such as Holistic therapies, Hypnotherapies, Reflexology or acupuncture.

The wellness industry in India has evolved rapidly from its nascent unstructured beginning in the early 90’s to a comprehensive ecosystem today including consumers, providers, adjacent industries, facilitators and Government.

The potential for wellness services has developed over time with the modernization in the ancient culture. It is begun by positioning India as a center of Ayurveda, Yoga, Siddha, Naturopathy, etc. together with the spiritual philosophy that has been integral to the Indian way of life.

On the other hand, today’s generation is very conscious about a personal appearance, health, diet, which is directly pushing the demand for spa & beauty services, fitness, slimming, and rejuvenation. Also, the growing motivation for healthy and better living, linked with time limitations, gives acceleration to various services of a wellness center.

The global health & wellness market is expected to reach US$ 24.1 billion by the year 2022, with a CAGR of 6.78%. This gives various opportunities for the health and wellness sector.

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