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Fitness Platforms for Disabled Global Market is Projected to Increase Revenues Growth, Business Insights, Future Demand and Forecast 2024-2033 | Apple Inc., Kakana, Adaptive Yoga Live LLC, Champion's Rx, Evolve21 LLC
Fitness Platforms for Disabled Market
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According to The Business Research Company's, The fitness platforms for disabled market size has grown exponentially in recent years. It will grow from $1.77 billion in 2023 to $2.22 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to accessibility and inclusion, increased healthcare awareness, development of supportive regulations, social inclusion, increased adaptive sports programs.
The fitness platforms for disabled market size is expected to see exponential growth in the next few years. It will grow to $5.01 billion in 2028 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to increasing demand for telehealth and virtual fitness, rising healthcare partnerships, increasing inclusive gym and facility design, ongoing fitness therapy integration, increasing social and peer support. Major trends in the forecast period include wearable technology for disabled users, integration with healthcare providers, therapeutic fitness, gamification and motivation, inclusive sport and recreation.
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Market Drivers and Trends:
The growing prevalence of chronic diseases and disabilities is expected to propel the growth of fitness platforms for the disabled market going forward. The prevalence of chronic diseases and disabilities refers to the total number of existing cases of chronic diseases and disabilities in a population at a specific time. Fitness platforms help the chronically ill and disabled population by hosting either live or on-demand fitness classes and providing the user with instructions on exercise, nutritional programs, physical activity, or some other fitness topic. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, noncommunicable diseases kill 41 million people each year, equivalent to 71% of all deaths globally, and cardiovascular diseases account for most NCD deaths globally. Over 1 billion people are estimated to be disabled. Therefore, the growing prevalence of chronic diseases and disabilities is driving the fitness platforms for the disabled market.
The adoption of artificial intelligence is a key trend gaining popularity in the fitness platform for the disabled market. Many companies operating in the disabled fitness platform market are adopting artificial intelligence to strengthen their position in the market. For instance, in January 2022, Gofa International, a US-based AI-powered fitness and education technology company operating in the fitness platform for the disabled market, launched GOFA Fitness, a smart exercise app powered by AI technology, GPS, 3D motion tracking technology, and machine learning to provide users with live feedback during workouts and integrates into the smartphone's camera, making it an ideal travel companion for workouts.
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Major Key Players of the Market:
Apple Inc., Kakana, Adaptive Yoga Live LLC, Champion's Rx, Evolve21 LLC, Kym Nonstop LLC, Exercise Buddy LLC, Special Olympics Inc., YouTube LLC, Hulu LLC, GOFA International Holding Limited, Peloton Interactive Inc., GPBR Participacoes Ltda., Tonal Systems Inc., Fitbit Inc., MyFitnessPal Inc., Nike Inc., Aaptiv Inc., Nexercise Inc., Keelo Inc., FitOn Inc., Glo Platform Inc., Move United, Adaptive Yoga Live, Evolve21, Kym Nonstop, Special Olympics, Peloton, HealthifyMe, HealthKart, Calm.com Inc.
Fitness Platforms for Disabled Market 2024 Key Insights:
• The fitness platforms for disabled market size is expected to see exponential growth in the next few years. It will grow to $5.01 billion in 2028 at a compound annual growth rate (CAGR) of 22.6%.
• Increasing Chronic Diseases And Disabilities Propel Demand For Fitness Platforms For Disabled
• Ai-Powered Solutions Revolutionizing Fitness Platforms For The Disabled
• North America will be the largest region in the fitness platform market for the disabled in 2023
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