openPR Logo
Press release

How the Pandemic Stress is going to Support Healthier Lives and Aid Fitness Industry in MENA Region? : Ken Research

10-23-2021 03:04 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

How the Pandemic Stress is going to Support Healthier Lives

The COVID-19 Pandemic has shed light on the importance of regular exercise and healthy habits for MENA population to be more physically active and has transitioned demand for virtual fitness classes and mental health options

October 2021

Ken Research as a knowledge partner for upcoming event-Dubai Active is set to launch forward-looking industry report on “Assessment for Impact of Health and Fitness Clubs to MENA Economy – Outlook to 2025”. The report is prepared in collaboration with IHRSA, the Global Health & Fitness Association and the Global Health & Fitness Alliance (GHFA) to demonstrate to the World Health Organization, OECD, UN Agencies, National Governments and other policy makers and influencers around the World of the value of the Health & Fitness Industry to the Health continuum including contributing to meeting the goals of WHO’s Global Action Plan on Physical Activity (GAPPA)

MENA Fitness industry is envisaged to grow @18-19% CAGR during 2020-2025 with boutique fitness centers anticipated to showcase highest growth, rising from ~1,600 in 2020 to ~2,600 in 2025. Member penetration across fitness centers are likely to incline to 2.4% as major organized gym chains are focusing towards expanding their services into sub – urban areas.

Some of the key findings covered in the research include:

UAE fitness industry is expected to reach over US$ 600 Mn by 2025, growing at a CAGR of 10.9% with member penetration in offline fitness centers to increase to 6.3% by 2025.
Online Health and Fitness Market in UAE is expected to contribute US$36.5 Mn revenue in 2025, growing at a CAGR of 16.0%.
Digital fitness app penetration in UAE to increase to 15.9%in 2025 from 9.8% in 2020 due to the growing trend of online fitness training and escalating emphasis on maintaining a healthy lifestyle post pandemic.
Potential Health Implications and Health Cost Reductions:

MENA total spending on health accounts for around 5-6% GDP with UAE accounting for ~26.0% of the total healthcare spend in the GCC. Assuming a significant percentage of the population affected with lifestyle diseases goes to a fitness centre, the estimated savings in direct health care costs from UAE’s fitness centres is $9.8 Bn in a year. The largest component of this saving arises from the avoided costs of cardiovascular disease, along with increase in workforce participation and increase in workforce productivity 28.3% and 45% respectively.

Impact of COVID 19: The forced closure of gyms in MENA during COVID has had a massive impact on the fitness industry with more than 20.0% of the industry employees laid off. However, it showcased resilience and prospered with 8-10% increase in membership participating rate for on-demand and livestream group classes along with 55.0% more fitness app installations during the first half of 2020 compared to H1 of 2019.

Catalyzed by the pandemic, consumer awareness of exercise has increased rapidly with more than 25.0% population working out 3-5 hours per week in 2021 as compared to less than 15.0% in 2020. Home workouts are gaining traction and majority of the population intend to make virtual classes a regular part of their routine, even after studios reopen.

The research paper will provide coverage on the direct and indirect economic impact on each Middle Eastern country in fitness industry by providing a clear distinction between pre and post COVID outlook in the sector. This report will also cover perspective on fitness penetration in each country, challenges and opportunities, employment generation by fitness industry along with assessment of socio economic impact by fitness industry on health care costs, productivity and life expectancy.

We are looking forward for your participation in Dubai Active, scheduled for 28th October to 30th October, to unveil the research report on Assessment for Impact of Health and Fitness Clubs to MENA Economy – Outlook to 2025. If you wish to request for a copy for our publication, kindly contact us:

Related Reports
https://www.kenresearch.com/healthcare/general-healthcare/india-fitness-clubs-equipment-market-research-report/627-91.html

https://www.kenresearch.com/healthcare/medical-devices/fitness-equipment-market/179668-91.html

https://www.kenresearch.com/healthcare/general-healthcare/digital-health-market/318379-91.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release How the Pandemic Stress is going to Support Healthier Lives and Aid Fitness Industry in MENA Region? : Ken Research here

News-ID: 2439072 • Views: 461

More Releases from Ken Research Pvt Ltd

Global Glycomics Market, Industry, Market Revenue, Market Sales, Market Major Pl …
Glycomics or glycobiology denotes to the study of the structure, composition and operation of carbohydrates or glycans found in the living organism for the diagnosis of a syndromes or for the improvement of a cure. Glycobiology is a speedily progressing biological location of interest for countless fields like biotechnology, biomedicine, and basic research. Most proteins are revised after the translation procedure in eukaryotic cells. The attachment of glycans is one
Global Fire Protection Coating Market Size 2021 COVID-19 Impact Analysis by Busi …
The global Fire Protection Coating market was valued at 2796.66 Million USD in 2020 and will grow with a CAGR of 3.81% from 2020 to 2027, based on HNY Research newly published report. The prime objective of this report “Global and Regional Fire Protection Coating Industry Status and Prospects Professional Market Research Report Standard Version 2021-2027” is to provide the insights on the post COVID-19 impact which will help market players
Global Polyamide Market 2021 Opportunities, Industry Outlook, Share, Size and Fo …
The polyamides are found naturally in silk and wool, as well as synthetically in polyamide 6, nylon and aramid, amongst other materials. Wear resistance, robust mechanical qualities, lower gas permeability, and chemical resistance are the characteristics of the artificial polyamides. In addition, the polyamide denotes to a polymer with the versatile characteristics that occurs naturally in the form of silk and wool. The product is synthesized artificially and it is
Global Router Market Report 2020 by Key Players, Types, Applications, Countries, …
Routers are specific type of computer system connected to the network, usually used to manage the traffic between computer-networks via sending data-device that generally connects two or more packet-switched networks to transfer the data between packets to their predictable IP addresses, and permitting multiple devices to employ the same internet connection. Additionally, router is developed to help the organization for transferring the data between wide area networks (WAN) and local

All 5 Releases


More Releases for Health

Health literacy: How to improve health behaviors
Health literacy is defined as "people´s knowledge, motivation and competences to access, understand, appraise and apply information to make judgements and take decisions in everyday life healthcare concerning disease prevention and health promotion to maintain and improve quality of life during the life course." In a new volume Anne-Kathrin Mayer and colleagues shed light on the concept of health literacy from different disciplines: psychology, educational sciences, health sciences and
Mental Health 2019
PULSUS brings in a new spin on conferences by presenting the latest scientific improvements in your field. Listen to motivating keynotes from thought leaders or rub elbows with pioneers across the globe. London is all set for an amazing event as PULSUS proudly presents the “World Congress on Mental Health” scheduled on November 13,14, 2019 at London, UK. PULSUS cordially welcome researchers, academicians, students and business professionals in the field
GetSavvi Health - For Health Insurance Needs
GetSavvi Health offers health insurance, which includes basic and primary care at affordable prices. The company believes in the fact that South Africans are hard working and each of them deserve access to affordable and high-quality healthcare facilities and that too at affordable prices. The company desires to be a leader in the primary healthcare sector. Primary care is all about basic healthcare facilities through day-to-day benefits, which help in
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, …
ReportsWeb.com has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification. This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market,
MENTAL HEALTH NURSING, PUBLIC HEALTH AND HEALTH CARE SUMMIT
Psychiatric and Mental Health Nursing 2019 will prove to be a noteworthy event, with this we cherish mental health nursing by embracing the theme, “Fore-fronting nursing care to achieve mental wellness” , and would step forward to provide an opportunity to step in and join our family, as we bring and encourage to join professionals from the following areas of Mental Health, Psychology, Nursing, Physiology, Neurology, Healthcare, Education, Business to
TrendSights Analysis: Guided Health
"TrendSights Analysis: Guided Health", explores what the Guided Health trend is, why it is important, who is most influenced by it, and how brands and manufacturers can capitalize on it. The research concludes by identifying where the trend is heading next and how long it will last. In the information economy, health-conscious consumers now more confidently embrace an abundance of new information tools, enabling more health-driven choices. Consumers are seeking conveniences