Fitness App Market 2022 – 2029: Current and Future Opportunities for Key Players, With Covid-19 Impact Analysis – Digital Journal
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The persuasive Fitness App market survey report revises a range of parameters all through the report which analyses the market status in detail. As today’s businesses greatly demand market research analysis before taking any verdict about the products, opting for such a market report is vital for the businesses. Market segmentation gives a clear idea about product consumption based on several factors that include but are not limited to type, application, deployment model, end user and geographical region. The finest Fitness App market report is a proven source to gain valuable market insights and take better decisions about important business strategies.
A fitness app is defined as an application that can be downloaded on smart devices including laptops, phones, and tablets among others. According to the online public health resource (Health Works Collective), more than 97,000 fitness and health apps are available on tablet and mobile devices. Moreover, approximately 52% of the smartphone users achieve health-associated information through their devices and approximately 15% of the users are between the age of 18-29 years old who have installed health apps. There are several types of fitness app available including care management apps, vital sign monitoring apps, health and wellness apps, women health apps, medication management apps, consultancy apps among others.
Data Bridge Market Research analyses a growth rate in the global fitness app market in the forecast period 2022-2029. The expected CAGR of global fitness app market is tend to be around 26.1% in the mentioned forecast period. The market was valued at USD 1.10 billion in 2021, and it would grow upto USD 7.03 billion by 2029.
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Industry Definition and Major Players – Fitness App Market
The global fitness app market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global fitness app market
Key players operating in the global fitness app market include:
FITNESS22 LTD (U.S.)
Jefit, Inc. (U.S.)
MyFitnessPal, Inc. (U.S.)
Fitbit LLC. (U.S.)
Headspace Inc. (U.K.)
Firsthand Technology Inc. (U.S.)
komoot GmbH (U.S.)
Freeletics GmbH (Germany)
Lifesum AB (Sweden)
Leap Fitness group (U.S.)
ASICS DIGITAL, INC. (U.S.)
STRONG FITNESS PTE LTD. (Singapore)
The worldwide Fitness App market report includes a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. DBMR team with project supervisors, introduces the customers on each key viewpoint including product improvement, key regions of advancement, application demonstrating, utilization of innovations, the obtaining methodologies, investigating specialty development openings and new markets. Not to mention, a high-quality global Fitness App market report is amazingly characterized with the application of several charts, graphs and tables depending on the extent of data and information involved.
Get More Valuable Insights – Segmentation – Fitness App Market
The global fitness app market is segmented on the basis of product, type, application, therapeutic area , mode of purchase, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Care Management Apps
Vital Sign Monitoring Apps
Health And Wellness Apps
Women Health Apps
Medication Management Apps
In-Built Devices Apps
Dermatology & Skin Cancer
Mode Of Purchase
Third Party Distributors
Global Fitness App Market Dynamics
Rising Demand for Subscription Based Plans
Subscription based segment is projected to dominate the market as it provides the people with customized plans, diet charts and workout routines. Such advantageous factors are boosting the growth potential of the subscription-based segment.
Increased Indulgence of Smartphones
Increased use of smartphones has led to the growth of the global fitness app market. According to the Mobile Economy Survey 2018, smartphone involvement is set to rise from 57.0% in 2017 to 77.0% by 2025. In addition to this, unique mobile subscribers are anticipated to reach 5.9 billion by 2025 according to the Mobile Economy 2018 survey. Moreover, the increasing adoption of wearable devices including Fitbit and Apple Watch will further aid the market growth.
Emerging Functionalities in the apps
New functions and advanced features of the fitness apps are further added to upgrade the consumer experience. For instance, in June 2020, HealthifyMe which is a health and nutrition app launched HealthifyMe Studio, which provides live streaming interactive workouts.
Increased Funding and Investment Ventures
The effectiveness and adoption of these fitness apps have led to the rising investments in the fitness app sector. For instance, Future Fitness announced that it has received USD 8.5 million in Series A funding led by Kleiner Perkins in May 2019. Other investors in the company are Caffeinated Capital, Khosla Ventures, Founders Fund, and Instagram co-founder Mike Krieger. In addition, Fittr raised USD 2.0 million in April 2020. This is expected to positively impact the market growth.
Lack of skilled professionals
The lack of qualified personnel who are unable to use these devices could curb the growth of the global fitness app market over a forecast period.
The huge expenditure required for setting up or develop the apps surely hamper the market growth. Several market players make huge investments in installing new and advanced apps to faster the process; in return, the cost is increased.
This fitness app market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fitness app market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Fitness App Market
COVID-19 had a positive impact on the fitness app market. In the post-pandemic era, there has been a wide consumer transition from offline gym visits to online fitness apps. The COVID-19 pandemic is providing immense growth opportunities for workout apps due to lockdown restrictions, hence, rising use of these fitness apps for bodyweight training is being observed worldwide.
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By Region, The Market is Segmented as – Fitness App Market
The global fitness app market is analysed and market size insights and trends are provided by product, type,application, therapeutic area , mode of purchase, distribution channel and end-user as referenced above.
The major countries covered in the global fitness app market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the market in the forecast period due to high technological penetration and rising concern regarding health among population.
Asia-Pacific is considered to have the most lucrative period due to increasing penetration of smartphones and the internet expected to provide the market with lucrative growth in the region.
The Fitness App Market Report gives answers to the following questions:
Table of Contents
Global Fitness App Market Overview
Economic Impact on Industry
Fitness App Market Competition by Manufacturers
Production, Revenue (Value) by Region
Supply (Production), Consumption, Export, Import by Regions
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy, and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Fitness App Market Forecast
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Research Methodology: Global Fitness App Market
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