Today the Wellness Show
starts in Sydney and one of Disruptor’s Handbook’s clients is a sponsor of the event, so we will be in attendance for a pitch competition for companies in the wellness sector.
The wellness industry is a US$3.7 trillion industry
, with continuous growth, partly because wellness has such an important impact on corporate productivity
. And there is still substantial scope for innovation around wellbeing and health technology to help improve workplace environments and general health. Mary Meeker’s 2018 internet trends report
suggests that over the next year, health care companies will “offer more modern retail experiences, with convenient offices, digitized transactions and on-demand pharmacy services”. To do this, pharmaceutical companies, health care service providers and positive psychology organisations will need to become much more scalable in the delivery of their products and to invest in technology support systems.
Importantly, the embracing of technology solutions for wellbeing doesn’t remove the human experience from wellness services, it just streamlines the logistics and reporting
around those services. And that’s a key opportunity for startups, enterprises and government, alike.
We look forward to seeing some of the ideas pitched at the Wellness show this week and will be keen to see how artificial intelligence, sensor based systems, collaborative networks will help shape the future of wellness.