Health and fitness app Market is estimated to be US$ 18.7 billion by 2030 with a CAGR of 17% during the forecast period - by PMI Print E-mail
Tuesday, 04 May 2021 06:35

Covina, CA, May 04, 2021 (GLOBE NEWSWIRE)

Covina, CA, May 04, 2021 (GLOBE NEWSWIRE) -- All has a smartphone application in today's digital world. The introduction of the smartphone has totally altered our way of life. The popularity of health and fitness apps has exploded in recent years. By offering engaging and innovative solutions to human issues, health and wellness app creation has taken a step forward in bridging the aforementioned gap. Mobile apps for health and fitness that focus on improving lifestyles through creative engagement are becoming increasingly popular. In addition, the growing popularity of wearable fitness devices, the acceptance of sports & fitness apps for tracking behaviours and heart rates, and rising internet penetration have all contributed to the market's expansion. The main goal of a health and wellness app is to help people with workouts and other types of physical activity, nutrition and diet, health management, and other fitness-related issues.

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The report "Global Health and Fitness Market, By type (Diet and Nutrition, Exercise and Weight loss, Medication adhetence & Activity tracking), By Device(Tablets, Smartphones, &Wearable devices),By Platform  (Android, iOS & Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030"

Key Highlights:

  • HealthifyMe Studio, a live and immersive fitness platform, was launched in June 2020 by HealthifyMe, a health and wellness app.
  • Balderton Capital, a London-based venture capital fund, made a USD 2.5 million investment in 8fit, a Berlin-based fitness app company, in July 2020.

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Analyst View:

Increased use of smartphone apps, increased use of sports and wellness apps for monitoring behaviours and heart rate, and increased demand for wearable workout equipment are all driving the market. Visual trainers, live workouts, AI customised workouts & diet plans, machine learning & movement recognition technology, daily progress tracking, and social networking with geolocation are some of the fitness app industry trends that are shaping market development. However, the existence of low-cost alternatives with similar features is a major factor that could stifle market development.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Health and Fitness Market, By type (Diet and Nutrition, Exercise and Weight loss, Medication adherence & Activity tracking), By Device(Tablets, Smartphones, &Wearable devices),By Platform  (Android, iOS & Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

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Key Market Insights from the report:

The Health and Fitness Market accounted for US$ 4.0 million in 2020 and is estimated to be US$ 18.7 million by 2030 and is anticipated to register a CAGR of 17%. The Health and Fitness Market is segmented based on the type, device, platform and region.

  • By Type, the Health and Fitness Market is segmented into Diet and Nutrition, Exercise and Weight loss, Medication adherence and Activity tracking
  • By Device, the market is segmented into Tablets, Smartphones and Wearables devices.
  •  By Platform, the Health and Fitness Market is segmented into Android , iOS and Others.
  • By region, the Health and Fitness Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the Health and Fitness Market. 

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Competitive Landscape:

The key players operating in the Health and Fitness Market include Fitbit, Inc. , Azumio, Inc. , Adidas, Appster, Fitness keeper,  MyFitnessPal Inc. , Applico, Aptiv, Noom , Nike, Appinventiv, Under Armour, Inc., Dom and Tom, Motorola mobility LLC, Grandapps, and Willow tree. To gain a larger market share and expand their reach, key players are employing strategies such as product launches, investments, alliances, partnerships, and mergers and acquisitions.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered

  1. Introduction
  • Study Deliverables
  • Study Assumptions
  • Scope of the Study
  1. Research Methodology
  2. Executive Summary
  • Opportunity Map Analysis
  • Market at Glance
  • Market Share (%) and BPS Analysis, by Region
  • Competitive Landscape
  • Heat Map Analysis 
  • Market Presence and Specificity Analysis
  1. Investment Analysis
  2. Competitive Analysis

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