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Exercise And Weight Loss Apps Global Market Report 2024 - By Growth, Demand, Trends And Analysis, Forecast To 2033
Exercise And Weight Loss Apps Market
As per the report, the exercise and weight loss apps market size has grown exponentially in recent years. It will grow from $0.80 billion in 2023 to $0.96 billion in 2024 at a compound annual growth rate (CAGR) of 20.4%. The exercise and weight loss apps market size is expected to see exponential growth in the next few years. It will grow to $2.03 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%.
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Obesity Fuels Surge In Exercise And Weight Loss Apps Market
The rising prevalence of obesity is expected to propel the growth of the exercise and weight loss apps market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat, typically defined by a body mass index (BMI) of 30 or higher. The prevalence of obesity is rising due to a combination of sedentary lifestyles, poor dietary habits, and increased consumption of high-calorie, processed foods. Exercise and weight loss apps aid in managing obesity by providing guidance, tracking progress, and promoting adherence to physical activity and dietary goals. For instance, in March 2024, the World Health Organization (WHO), a Switzerland-based intergovernmental organization, reported that approximately one in eight people worldwide were struggling with obesity. This included 2.5 billion adults (aged 18 years and older) who were overweight, with 890 million of them living with obesity. Among adults, 43% were overweight, and 16% were classified as obese. Additionally, the number of overweight children under the age of 5 reached 37 million. Therefore, the rising prevalence of obesity is driving the growth of the exercise and weight loss apps market.
Advancements In Workout-Tracking Technology Transforming Exercise And Weight Loss Apps
Major companies operating in the exercise and weight loss apps market are focused on developing workout-tracking technology to diversify their product offerings and cater to health-conscious consumers. Workout-tracking technology refers to tools and devices that monitor and record physical activity and exercise data, providing users with insights into their fitness routines and progress. For instance, in October 2022, Insane AI, an India-based fitness technology company, launched an artificial intelligence (AI)-powered fitness training app. Its AI-powered workout tracking technology is an AI-powered fitness training app. The app uses AI technology to track workouts accurately, provide real-time feedback on exercise performance, and help with posture correction. It offers a variety of guided workouts, including HIIT (High-Intensity Interval Training), cardio, muscle training, yoga, balance, and agility drills, with interactive visuals and live feedback to keep users engaged.
The exercise and weight loss apps market covered in this report is segmented -
1) By Device: Smartphones, Tablets, Wearable Devices
2) By Platform: Android, iPhone Operating System (IOS), Other Platforms
3) By Application : Lifestyle Monitoring, Diet Monitoring, Weight Monitoring, Exercise Monitoring, Other Applications
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Major companies operating in the exercise and weight loss apps market are Google LLC, Nike Inc., Adidas AG, Under Armour Inc., Garmin Ltd., ASICS Corporation, Fitbit Inc., Weight Watchers International Inc., Beachbody LLC, Noom Inc., Appinventiv Technologies Pvt. Ltd., FitOn Inc., Wahoo Fitness LLC, MyFitnessPal Inc., DailyBurn Inc., Jawbone, Lose It!, PlateJoy Inc., Cult.fit, Obé Fitness, Gymshark Ltd, Fittr, HealthifyMe Wellness Private Limited, Nexercise Inc., StrongLifts
Contents of the report:
1. Executive Summary
2. Exercise And Weight Loss Apps Market Report Structure
3. Exercise And Weight Loss Apps Market Trends And Strategies
4. Exercise And Weight Loss Apps Market - Macro Economic Scenario
5. Exercise And Weight Loss Apps Market Size And Growth
…..
27. Exercise And Weight Loss Apps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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