Fitness App Market to Boom at a CAGR of 26.1% by 2029, Reaching USD 7.03 Billion

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.

Fitness App Market study by Data Bridge Market Research provides details about the market dynamics affecting this market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

Fitness App Market report provides top to bottom assessment of the market with respect to income and developing business sector. The report encompasses several market dynamics while also evaluating the growth rate and the market value based on market dynamics and growth inducing factors. The industry analysis report is mainly explored under four major areas which are market definition, market segmentation, competitive analysis and research methodology. Fitness App Market business report also covers strategic profiling of the major players in the market, comprehensive analysis of their fundamental competencies, and thereby keeping competitive landscape of the market in front of the client.

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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.

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.

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)

Countries Covered

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

Market Players Covered

FITNESS22 LTD (U.S.), Jefit, Inc. (U.S.), MyFitnessPal, Inc. (U.S.), Fitbit LLC. (U.S.), Calm (U.S.), Headspace Inc. (U.K.), Firsthand Technology Inc. (U.S.), komoot GmbH (U.S.), Freeletics GmbH (Germany), YAZIO (Germany), Lifesum AB (Sweden), Leap Fitness group (U.S.), ASICS DIGITAL, INC. (U.S.), STRONG FITNESS PTE LTD. (Singapore), AZUMIO (U.S.)

Market Opportunities

Emerging Functionalities in the apps
Increased Funding and Investment Ventures


Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Fitness App Market

Chapter 3: Regional analysis of the Global Fitness App Market industry

Chapter 4: Fitness App Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Key takeaways from the Fitness App Market report:

Detailed considerate of Fitness App Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
Comprehensive valuation of all prospects and threat in the
In depth study of industry strategies for growth of the Fitness App Market-leading players.
Fitness App Market latest innovations and major procedures.
Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
Conclusive study about the growth conspiracy of Fitness App Market for forthcoming years.

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.

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