The global fitness app market size was valued at USD 4.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.6% from 2021 to 2028. The spread of the COVID-19 pandemic resulted in nationwide lockdowns and social distancing norms.
Fitness apps utilize artificial intelligence, machine learning, and other technologies to provide personalized fitness programs to their customers. They also offer no equipment workout routines, personalized diet charts, monitor diet, track footsteps, and also provide personalized health coaches. Such advantages are increasing the growth potential of the market. For instance, My Fitness Pal (MFP) provides personalized diet tracking and activity tracking to its customers. The revenue of this app was USD 6.7 million in June 2020.
The growing number of the working population having a busy lifestyle & less time to pay attention to fitness and the growing cases of people affected by stress, anxiety, and depression are expected to drive the Fitness App Market over the predicted years. The Global Fitness App Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Fitness apps are designed to provide workout or exercise plans such as – push-ups, cycling, rope skipping, pull-ups, and many others to lose weight, gain muscles, or maintain a healthy lifestyle. Such apps also provide various healthy and balanced meal plans to achieve a fitness goal. Fitness apps have been useful for the population as it effectively tracks the fitness goal along with workout timers and step tracking features. The fitness app is a great and convenient solution for people who don’t have the time to work out and want to maintain an active lifestyle. These apps can be utilized to exercise at home without paying any money like in the gym
Key Player Mentioned:
Adidas
Fitbit, Inc.
Appster
Azumio, Inc.
MyFitnessPal Inc.
Applico
FitnessKeeper
Aaptiv
Nike
On the basis of Product Type:
Exercise & Weight Loss
Diet & Nutrition
Activity Tracking
On the basis of the end Applications:
Android
iOS
Others
Increasing penetration of smartphones is a major factor driving the market. According to the Mobile Economy Survey 2018, smartphone penetration is estimated to reach 77% by 2025 from 57% in 2017. Moreover, unique mobile subscribers are expected to reach 5.9 billion by 2025, according to the Mobile Economy 2018 survey. Furthermore, the rising adoption of wearable devices, such as the Apple Watch and Fitbit, is supporting the market growth.
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Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the dental x-ray market in the forecast period 2021-2028
- Key companies operating in the global dental x-ray market and their market share
- The Factors that are estimated to drive the dental x-ray Market growth
- Key opportunities in the dental x-ray market
- Key technological advancements and market trends that shape the market
The study objectives of this report are:
- To research global status, future forecasts, growth opportunities, key markets and key players.
- To present the market development in us, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and methods.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
