Flourish Health & Wellbeing Magazine May 25 - Flipbook - Page 49
The Role of Digital Health & AI in
Wellness Spending
The digital health market is projected to exceed $650 billion by
2028, with AI-driven wellness solu琀椀ons playing a pivotal role. Key
innova琀椀ons include:
• AI-powered health tracking – Smartwatches and apps now
provide real-琀椀me health analy琀椀cs, personalised 昀椀tness plans, and
early disease detec琀椀on.
• Telehealth expansion – The demand for virtual healthcare services
has surged, o昀昀ering cost-e昀昀ec琀椀ve access to doctors, mental health
professionals, and 昀椀tness coaches.
• AI-guided nutri琀椀on – Startups are o昀昀ering AI-driven diet plans
and meal tracking tools, catering to individual health needs.
As AI con琀椀nues to evolve, wellness spending is shi昀琀ing towards
technology-driven, data-backed health solu琀椀ons that o昀昀er both
a昀昀ordability and convenience.
The Future of
Wellness Spending
Wellness Spending
& Public Health: Is It
Making a Difference?
Investments in wellness are showing
posi琀椀ve impacts on public health.
• A Taiwanese study found that
adop琀椀ng 昀椀ve healthy lifestyle
behaviours can extend life expectancy
by over seven years while cu琀�ng
annual healthcare costs by 28%.
• Research suggests that for every $800
spent annually on wellness per person,
life expectancy increases by 1.26
years, and happiness levels rise by 7%.
Governments and health organisa琀椀ons
are increasingly recognising the
importance of wellness investments
in reducing the burden of disease and
improving quality of life.
The wellness economy is set
to reach $9 trillion by 2028,
driven by innova琀椀on, digital
transforma琀椀on, and shi昀琀ing
consumer priori琀椀es. Despite
economic uncertain琀椀es,
wellness spending con琀椀nues
to thrive, re昀氀ec琀椀ng a
long-term commitment to
health, longevity, and overall
wellbeing.
Whether through hightech solu琀椀ons, tradi琀椀onal
medicine, or cost-e昀昀ec琀椀ve
alterna琀椀ves, consumers
worldwide are 昀椀nding ways
to invest in their health,
shaping the future of the
global wellness industry.
