Fitness App Market Size, Share, Growth, Upcoming Trends, Industry Analysis, Business Opportunities & Forecast To 2028

Reports And Data

Reports And Data

Fitness App Market Size – USD 3.61 Billion 2020, Industry Growth – at a CAGR of 23.5%, Industry Trends- Rising number of health-conscious people globally

NEW YORK, NY, UNITED STATES, April 13, 2022 /EINPresswire.com/ – The global fitness app market Size is expected to reach USD 18.08 Billion in 2028 and register a steady revenue CAGR of 23.5% over the forecast period, according to latest report published by Reports and Data. Key factors driving global market revenue growth includes rapidly growing e-Commerce sector, increasing use of smartphones and tablets, changing lifestyles, and rising number of lifestyle-associated diseases.

People across the globe are suffering from anxiety, depression and stress, and diseases such as cancer, diabetes, cancer, and obesity due to increasing adoption of hectic lifestyles and busy schedules. In order to maintain good health, people are focusing on staying fit and inculcating good eating habits. This is resulting in increasing use of various fitness apps that can help to track health and daily vital information and activities as it is easily affordable as compared to gym and fitness center memberships.

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These fitness apps are specially designed for guiding users to keep a track and maintain health using various types of physical workouts, training, health tracking, nutrition, and diet, among others. Key factors driving global market revenue growth are increasing per capita income, increasing investments in home workout instruments, and growing inclination towards online training sessions. In addition, increasing focus of healthcare professionals and companies on developing technologically enhanced fitness apps, government initiatives to promote use of fitness apps in order to improve and maintain health of people, and rising demand for various wearable devices such as smartwatches and smart bands are factors Expected to boost market growth going ahead.

However, high initial investment for developing fitness apps, high subscription charges of certain workout and health apps, and rising concerns regarding data security are some key factors that could hamper revenue growth of the fitness app market share to some extent over the forecast period.

Some key highlights of the report:

Among the types, the workout & exercise apps segment is expected to account for largest revenue share between 2021 and 2028 owing to increasing number of health-conscious individuals globally, high prevalence of various chronic diseases and disorders such as obesity and diabetes, and rising awareness about healthy lifestyle. In addition, shifting preference for home workouts, availability of various fitness plans, increasing penetration of Internet and advent of 5G, and rising adoption of smartphones and laptops.

Based on application, the iOS segment is expected to register significantly fast revenue growth rate over the forecast period. This growth is attributed to increasing number of iOS users in various countries including the US, the UK, Germany, and Japan, availability of various fitness and health applications, and increasing research & development of enhanced applications for iOS devices.

Among the platform segments, the wearable segment is expected to register rapid growth over the forecast period. Increasing prevalence of cardiovascular diseases, diabetes, obesity, coupled with rapid advancements in wearable tracker technology, rising disposable income, and increasing focus on maintaining good health are some key factors boosting revenue growth of the segment.

North America is expected to account for largest revenue share in the global market between 2021 and 2028 owing to factors such as rising number of health-conscious people, increasing awareness about various fitness applications, high penetration of Internet, rapidly increasing number of smartphones users and wearable trackers, presence of key players. In addition, rising investments to develop new applications with enhanced features is expected to fuel North America market growth in the coming years.

Asia Pacific is expected to register rapid revenue CAGR during the forecast period owing to factors such as increasing health awareness, increasing Internet penetration, rising occurrence of lifestyle-associated diseases, high adoption of smartphones and wearable devices, and increasing investments for developing enhanced connected health devices.

Adidas AG, Fitbit, Inc., Appster, Azumio, Inc., MyFitnessPal Inc., Applico, FitnessKeeper, Aaptiv, Nike, Inc., Noom, Under Armor, Inc., Appinventiv, Grand Fitness, Curefit Healthcare Private Limited, Google LLC , Wahoo Fitness, Grand Apps, Asics Corporation, TomTom International BV, Lenovo Group Limited, and Samsung Electronics Co. Ltd., are major companies profiled in the global market report.

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Fitness App Market Segmentation:

Type Outlook (Revenue, USD Billion; 2018-2028)

Lifestyle Management
Workout & Exercise Apps
Nutrition & Diet
Disease Management
Medication Adherence
Others
Meditation
Brain Training Apps

Platform Outlook (Revenue, USD Billion; 2018-2028)

Smartphones
Tablets
Wearable Devices

Application Outlook (Revenue, USD Billion; 2018-2028)

Android
Windows
iOS
Others

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Regional Outlook:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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