For many people, the coronavirus pandemic has changed their nutrition and exercise habits. One app helping people track their food and lose weight is called Lifesum. The company has scaled rapidly to 45 million users and boasts partnerships with Amazon (NASDAQ:AMZN) and Nike (NYSE:NKE).
Fool.com’s Healthcare and Cannabis Bureau Chief Corinne Cardina chatted with Lifesum’s CEO Henrik Torstensson about the digital health and wellness space.
Corinne Cardina: How has the health and wellness industry evolved over the last couple of decades, and more recently, how has the coronavirus pandemic impacted how people view their health and the role of technology?
Henrik Torstensson: Healthcare and wellness is obviously an enormous part of the economy. It’s $2 trillion in the U.S. alone. It’s probably maybe the biggest market we have. In digital, it’s been ramping up, but it’s been a fairly slow start because it’s a complex system. You have individuals, you have insurance companies, you have state governments, federal governments that all have interests. It was picking up speed. This year with COVID and Corona, that really the same way we all ended up on Zoom for most of the year, and that really made having virtual meetings really a default way of operating. Healthcare is coming in the same way that it’s really taking a step from, OK, this is happening a little bit at the edges, to becoming this central thrust of healthcare and the overall market.
Cardina: Yeah, great point.