In 2022, the health and wellness market had a valuation of US$3,482 Billion and looking forward, IMARC Group projects a market value of US$4,454 Billion by 2028, with a steady CAGR of 3.99%. This expansion is expected to be driven by the adoption of wearables, mobile apps, and health tools. Source: https://www.imarcgroup.com/health-wellness-market
Considering the projected growth of the obesity and addiction treatment markets specifically, Vice Health and Wellness Inc. (Ticker: VICE.c or VICFF for US investors) aims to establish a significant presence in the fields of health, wellness, obesity, weight loss, and addiction through its AI-driven solution, Vice Versa AI.
This AI-powered companion app is designed to offer personalized support for weight management and addiction treatment via smartphone, making the healing potential of AI accessible to all.
Vice Versa AI is committed to tackling global health challenges related to weight management and addiction by offering personalized guidance and support. The software harnesses the power of AI to collect user data, ensuring tailored approaches to individual wellness goals while prioritizing user privacy.
Furthermore, Vice Versa AI will integrate GPT technology to enable natural language interactions, fostering meaningful conversations with users. The application will continuously adapt and provide real-time guidance to maintain user motivation.
VICE has forged a strategic partnership with an AI software development firm to pioneer this innovative AI-driven application and recently highlighted significant milestones achieved in team formation, research, technical feasibility, and system architecture design.
More here: https://vice.health/vice-ai
Posted on behalf of Vice Health and Wellness Inc.