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PRESS RELEASE. With most developed nations having 10% of their GDP coming from the healthcare and wellness industry, and with the sector growing at a CAGR of over 7% since 2014, the global healthcare industry is expected to cross the significant milestone of $10 trillion in 2022 itself. With the advent of a pandemic like Covid and the US healthcare industry crossing 18% of US GDP in recent years, the industry’s size is set for even faster growth in the coming decades.
How Big is the Wellness or Prevention Pie?
Despite all the buzz surrounding prevention or wellness, this sub-sector of healthcare is still only 10-20% of the global healthcare industry, which leaves much room for growth. And the wellness industry indeed has been growing at a much faster clip of nearly 15%, which is more than double the growth rate of the global healthcare industry.
In 2019, before the pandemic struck, one of the large consulting & accounting majors had brought out a report on the future trends in healthcare, which predicted a complete transformation of the sector within two decades. As a result, the industry will be moving away from the reactionary model of treating diseases after they strike to the proactionary model of preventing diseases before they occur.
According to this model, around 60% of the global healthcare industry will consist of prevention or wellness activities by 2040. This would amount to more than a tripling of fortunes in the wellness industry from what it is now.
How Will Limoverse Tap This Opportunity?
Limoverse, the new health and wellness metaverse, has all the ingredients to tap this multi-trillion dollar opportunity. It has the next-generation preventive strategy of geno-metabolics-based personalized lifestyle modifications to ward off disease risks that each person is genetically or metabolically susceptible to.
Moreover, Limoverse is built using blockchain technology following the Web 3 protocols, which gives it the capabilities to be a wellness ecosystem with its wellness economy. For instance, Limoverse will enable users to anonymously and securely share their genetic and health data with research institutions under its DataFi project, which in turn will reward users with Limo tokens that can be used to avail health and wellness services in this metaverse connecting health seekers with health experts.
Join Limoverse now by downloading its app from the Google Playstore. Exciting rewards await those who download the app during this introductory period.
(For more information, visit Limoverse.io)
