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Technology / Wearable Tech

Tap Into The Fastest Growing Market of Wearable Tech

Former Staff, Entrepreneur.com
2 min read
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.

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