Tap Into The Fastest Growing Market of Wearable Tech Wearable technology is the next big thing happening in India.

By Samiksha Jain

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Wearable technology is the next big thing happening in India. And if we talk about the healthcare sector then they are probably the first one to grab their hold on this particular technology.

Figures stated in Forbes report indicate, 71 per cent of 16-24-year-old want wearable technology. Predictions for 2020 include a market value of $40 billion; a shipment of 400 million wearables.

As per the other reports, last year alone, health monitoring and diagnostic wearables nabbed the majority share (78 per cent) of the global wearable medical device market followed by the sports and fitness smart wearables.

Keeping its commitment to offer solutions that help individuals make a permanent shift to a healthier lifestyle and sensing the opportunity, GOQii is one of the world's leading virtual fitness coaching platform.

It focuses on sustained engagement, goal reinforcement and offers a complete ecosystem as a single integrated solution, which is a powerful combination of technology and human connection.

"It is similar to saying five years back that was a mobile phone need to have or nice to have. Mobile phone started as an item of luxury and later on it become ubiquitous. We are talking about the era where smartphone itself will disappear and your wearable will become your phone. So what I am telling you is that wearable is not just a fitness device or a band, in next 3-5 years wearables will become your mobile devices," said Vishal Gondal, Founder and CEO, GOQii.

From being the face of Indian gaming industry to becoming the leading domestic wearable in the market, Vishal Gondal has helped startup ecosystem grow bottom-up.

Headquartered in California with offices in Mumbai and Shenzhen, GOQii is dedicated to enabling a permanent shift to a healthier lifestyle with the combination of advanced wearable technology, the world's leading experts, coaches and karma.

In conversation with Entrepreneur India, Gondal says wearables today are what smartphones were around 5-6 years back. He also shares GOQii's current scale-up and much more.

Samiksha Jain

Former Staff, Entrepreneur.com

Related Topics

Business News

IKEA Price Increases Are Going Viral — Here's How Much Your Favorite Couch Costs Now: 'Inflation Is Crazy'

A video with a customer complaining about "inflation" and "corporate greed" has racked up over 1.3 million views on TikTok.

Marketing

Traditional Ads Are Annoying — These 4 Megatrends Will Change Marketing in 2024

These four major marketing trends are set to explode this year.

Marketing

7 Ways to Create a Seamless Marketing Campaign Across All Platforms

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts.

Business News

Elon Musk Sues ChatGPT-Maker OpenAI, Accuses the Company of Working to 'Maximize Profits For Microsoft, Rather Than For the Benefit of Humanity'

Musk claims that OpenAI's partnership with Microsoft threatens its original mission as outlined in a founder's agreement.

Growing a Business

How Tech Companies Can Harness the Power of Non-Verbal Communication for Enhanced Efficiency

Soft communication is more important for modern businesses than ever before. Here's why.

Growing a Business

How This California Hot Spot Grew From Delivery-Only to Pop-Up Shop to Storefront

Learn how Miguel's Artisan Recipes uses customer feedback and community opportunities to dish out crowd-favorite cuisine.