New important research reports on the global fitness app market have been added to We Markets. The goal of the study is to give investors around the world a cutting-edge tool for making decisions that covers the essential principles of the global fitness apps market. The research report will include key metrics such as total sales, total revenues, key products, instrumental drivers, and challenges, along with the market’s total global revenues with historical analysis.
Fitness App Market size was evaluated at USD 1, 640 million in 2022 and will expand with a CAGR of 17.6% from 2023 to 2033, reaching an estimated revenue of USD 9,710 million.
The pandemic led to nationwide lockdowns followed by social distancing norms, which hence, aided the transition from traditional studios and gyms to virtual fitness. For now it has led to excessive downloads and subscriptions of fitness apps. Consumer behaviour has the potential to change various aspects of the health care system. The consumers have started taking charge of their health, for living a better life in their busy schedule.
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The report provides a trustworthy, in-depth overview of the global fitness apps market with data gathered from numerous primary and secondary information sources. The report’s main goal is to chart the market’s growth trajectory through 2030 and beyond the crisis. For a predetermined evaluation period, it also offers long-term market growth projections. The report provides an extensive assessment of demand, supply, and manufacturing scenarios based on a detailed analysis of the industry’s key dynamics and segmental performance.
Segmentation on the basis of Type
The exercise and weight loss segment was the largest revenue share holder. Exercise and weight loss apps motivate the users to exercise with the help of scheduled notifications. These workout apps are installed with audio cues, video demos, and fitness tracking tools, which can help in maintaining an exercise routine.
Key Players
- Applico Inc.
- Addias, Fitbit LLC
- Myfitness Pal
- Nike Inc.
Segmentation on the basis of Platform
The iOS segment accounts for the largest revenue share of over 50.0% . High acceptance of iOS devices has been increasing the segment growth over the years. For instance, active Apple device users increased from 1.4 Billion in the first fiscal quarter. The Android segment is also expected to grow at the fastest rate of 18.6% over the predicted period. Android smartphones have become popular in tracking health and fitness activity.
Segmentation on the basis of Devices
Smartphones form the largest revenue share of over 65.0%. An increase in the penetration of smartphones globally is a key factor for the growth of the fitness app market. With the changing technology in the fitness industry, majority of people choose to switch to their smartphones instead of going to gyms for their regular routine workout.
Based on Therapeutic Zone
Nutrition is expected to dominate the market due to the rise in awareness regarding eating healthy and the importance of consumption of right nutrition.
Based on Mode of Purchase
Subscription based segment is expected to dominate the market as it provides customized plans, workout routines, diet charts among others. Such advantages are increasing the growth potential of the subscription-based segment.
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Based on End-user
The providers segment is expected to dominate the market due to an increase in the number of healthcare centers worldwide.
Segmentation on the basis of Region
North America, Asia Pacific, MEA, Europe and Latin America
North America has been accounted for the largest revenue share of over 35.0%. Various factors such as rapid growth in the usage of smartphones, a rise in the existence of chronic diseases, growth in coverage networks, the ongoing COVID-19 pandemic and increase in geriatric population, are increasing the downloading of fitness apps in North America. Asia Pacific is expected to be the most lucrative regional market.
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