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Fitness App Market Size to Reach USD 7.03 Billion Globally


HOUSTON, Dec. 22, 2022 (GLOBE NEWSWIRE) — A Qualitative Research Study accomplished by Data Bridge Market research’s database titled “Fitness App Market ” with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy-to-understand detailed analysis. The market definition covered in this Fitness App report gives the scope of a particular product with respect to the driving factors and restraints in the market. The sources of data and information mentioned in the Fitness App report are very reliable and include websites, annual reports of the companies, journals, and mergers which are checked and validated by market experts. The increase in market value is credited to the rising growth of the application industries and the consequent rise in the demand of applications. An international Fitness App market report also investigates and discusses significant industry trends, estimations of market size, and market share.

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 tends 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 up to USD 7.03 billion by 2029.

Download the Exclusive Sample of the Fitness App Market Report in PDF Version @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fitness-app-market

Market Overview:

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.

The global fitness app market is expected to witness significant growth during the forecast period. The global fitness app market is growing tremendously due to rising inclination towards fitness and weight reduction, increasing the prevalence of chronic diseases including diabetes. The rising popularity of using smartwatches and bands is also driving market growth. Fitness apps provide synced series of songs, each having the same beat when doing workouts such as running and fitness classes.

Key players operating in the Global Fitness App Market include:

  • MyFitnessPal, Inc. (U.S.)
  • Firsthand Technology Inc. (U.S.)
  • Freeletics GmbH (Germany)
  • Leap Fitness group (U.S.)
  • ASICS DIGITAL, INC. (U.S.)
  • STRONG FITNESS PTE LTD. (Singapore)

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Opportunities:

  • 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

The investment made in the study would provide you access to information such as:

  • Fitness App Industry [Global – Broken-down into regions]
  • Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
  • Country wise Market Size Split [of important countries with major market share]
  • Market Share and Revenue/Sales by leading players
  • Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
  • Market Size
  • Market Size by application/industry verticals
  • Market Projections/Forecast

Fitness App Market: Segmentation

By Product

  • Vital Sign Monitoring Apps
  • Medication Management Apps

By Type

By Application

By Therapeutic Area

  • Dermatology & Skin Cancer

By Mode of Purchase

By End-User

By Distribution Channel

Critical Insights Related to the Fitness App Included in the Report:

  1. Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
  2. Value chain analysis of prominent players in the market
  3. Current trends influencing the dynamics of this market across various geographies
  4. Recent mergers, acquisitions, collaborations, and partnerships
  5. Revenue growth of this industry over the forecast period
  6. Marketing strategy study and growth trends
  7. Growth-driven factor analysis
  8. Emerging recess segments and region-wise market
  9. An empirical evaluation of the curve of this market
  10. Ancient, Present, and Probable scope of the market from both prospect value and volume

Get a Detailed Summary of the Research Report @ https://www.databridgemarketresearch.com/reports/global-fitness-app-market

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.

Opportunities

  • 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.

Restraints/Challenges

  • 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.

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Global Fitness App Market: Regulations
  6. Market Overview
  7. Global Fitness App Market, By Product
  8. Global Fitness App Market, By Application
  9. Global Fitness App Market, By Therapeutic Area
  10. Global Fitness App Market, By Mode of Purchase
  11. Global Fitness App Market, By End User
  12. Global Fitness App Market, By Distribution Channel
  13. Global Fitness App Market, By Region
  14. Global Fitness App Market: Company Landscape
  15. SWOT Analyses
  16. Company Profile
  17. Questionnaires
  18. Related Reports

For More Insights Grab TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-fitness-app-market

Browse Related Reports:

  • North America Fitness App Market, By Product (Care Management Apps, Vital Sign Monitoring Apps, Health And Wellness Apps, Women Health Apps, Medication Management Apps, Consultancy Apps And Others), Type (Connected Apps and In-Built Devices Apps), Application (Training, Tracking, Fitness Games And Others),  Therapeutic Area (Cardiovascular, Dermatology & Skin Cancer, Ophthalmology, Diabetes, Respiratory, Audiology, Sleep Disorders, Nutrition And Others), Operating System (iOS, Android, Windows), Mode Of Purchase (Subscription Based And Non-Subscription Based), End User (Providers, Home Healthcare, Others), By Distribution Channel (Direct Tenders And Third Party Distributors) https://www.databridgemarketresearch.com/reports/north-america-fitness-app-marke
  • Europe Fitness App Market, By Product (Care Management Apps, Vital Sign Monitoring Apps, Health And Wellness Apps, Women Health Apps, Medication Management Apps, Consultancy Apps And Others),Type (Connected Apps and In-Built Devices Apps),Application (Training, Tracking, Fitness Games And Others), Therapeutic Area (Cardiovascular, Dermatology & Skin Cancer, Ophthalmology, Diabetes, Respiratory, Audiology, Sleep Disorders, Nutrition And Others),Operating System (iOS, Android, Windows),Mode Of Purchase (Subscription Based And Non-Subscription Based),End User (Providers, Home Healthcare, Others),Distribution Channel (Direct Tenders And Third Party Distributors) https://www.databridgemarketresearch.com/reports/europe-fitness-app-market
  • Middle East and Africa Fitness App Market, By Product (Care Management Apps, Vital Sign Monitoring Apps, Health And Wellness Apps, Women Health Apps, Medication Management Apps, Consultancy Apps And Others),Type (Connected Apps and In-Built Devices Apps),Application (Training, Tracking, Fitness Games And Others),Therapeutic Area (Cardiovascular, Dermatology & Skin Cancer, Ophthalmology, Diabetes, Respiratory, Audiology, Sleep Disorders, Nutrition And Others),Operating System (iOS, Android, Windows),Mode Of Purchase (Subscription Based And Non-Subscription Based),End User (Providers, Home Healthcare, Others),Distribution Channel (Direct Tenders And Third Party Distributors) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-fitness-app-market
  • Asia-Pacific Fitness App Market, By Product (Care Management Apps, Vital Sign Monitoring Apps, Health And Wellness Apps, Women Health Apps, Medication Management Apps, Consultancy Apps, And Others), Type (Connected Apps and In-Built Devices Apps),Application (Training, Tracking, Fitness Games And Others), Therapeutic Area (Cardiovascular, Dermatology & Skin Cancer, Ophthalmology, Diabetes, Respiratory, Audiology, Sleep Disorders, Nutrition, And Others),Operating System (iOS, Android, Windows),Mode Of Purchase (Subscription Based And Non-Subscription Based),End User (Providers, Home Healthcare, Others), Distribution Channel (Direct Tenders And Third Party Distributors) https://www.databridgemarketresearch.com/reports/asia-pacific-fitness-app-market
  • Europe Wearable Devices Market, By Device Type (Diagnostic and Monitoring Devices and Therapeutic Devices), Product Type (Wrist-wear, Eyewear, Footwear, Neckwear, Body wear and Others), Application (Sports and Fitness, Remote Patient Monitoring and Home Healthcare), Industry (Consumer Products, Healthcare, Industrial and Others), End Users (Personal Users and Enterprises), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-wearable-devices-market
  • Activity Tracking Fitness App Market, By Gender (Men and Women), Platform (Android, iOS and Others), Device (Smartphones, Tablets and Wearable Devices), Application (Lifestyle Monitoring, Health Monitoring, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-activity-tracking-fitness-app-market
  • Europe Wearable Devices in Sports Market, By Component (Hardware, Software), Product Type (Pedometers, fitness & Heart Rate Monitors, Smart Fabrics, Smart Camera, Shot Trackers, Others), Site (Headband, Handheld, Arm & Wrist, Clip, Shoe Sensor, Others), Application (Step Counts, Calorie Burnt, Heart Rate Monitoring, Sleep Tracking, Others), End User (Sports Centers, Fitness Centers, Homecare Settings, Others), Distribution Channel (Independent Retail Store, Hypermarket/Supermarket, Brand Store, Online Sale Channel), Country (Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Rest of Europe) https://www.databridgemarketresearch.com/reports/europe-wearable-devices-in-sports-market
  • Asia-Pacific Wearable Devices in Sports Market, By Component (Hardware, Software), Product Type (Pedometers, Fitness & Heart Rate Monitors, Smart Fabrics, Smart Camera, Shot Trackers & Others), Site (Headband, Handheld, Arm & Wrist, Clip, Shoe Sensor, Others), Application (Step Counts, Calorie Burnt, Heart Rate Monitoring, Sleep Tracking, Others), End User (Sports Centers, Fitness Centers, Homecare Settings, Others), Distribution Channel (Independent Retail Store, Hypermarket/Supermarket, Brand Store, Online Sale Channel), Country (Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific) https://www.databridgemarketresearch.com/reports/asia-pacific-wearable-devices-in-sports-market

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