Fitness App Market Expanding at a CAGR of 16.3% during 2024-30: MarkNtel Advisors

Global Quick Overview of the Fitness App Market Analysis

The objective of the Global Fitness App Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Fitness App Market size was estimated to be around USD 3.32 billion in 2023 and is expected to grow at a CAGR of around 16.3% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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Global Fitness App Market Opportunity:

Integrating Enhancements of Artificial Intelligence into Fitness Apps to Offer Lucrative Opportunities – Rising inclination toward advancements in technologies like AI-driven fitness apps to upgrade healthy lifestyles are the key market opportunities enhancing Fitness App Market growth. The incorporation of artificial intelligence technology, along with ongoing research and development initiatives, has spurred the creation of online training programs, which have in turn augmented interest in fitness applications. Consequentially, these innovations are predicted to yield a favorable impact on the market value of fitness apps.

One such example is the fitness app Strava, which offers cross-training sessions and heart rate-focused training tailored to the user's capabilities with the help of AI-driven technology. Another example is HealthifyMe, which introduced HealthifyMe Studio with AI efficiency in 2020, providing online interactive classes to expand its market presence. These factors are expected to offer lucrative opportunities for market growth & expansion in the foreseeable future.

A Detailed Outlook of Fitness App Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Offering

Workout and Exercise Apps- Market Size & Forecast 2019-2030, (USD Million)
Disease Management- Market Size & Forecast 2019-2030, (USD Million)
Lifestyle Management- Market Size & Forecast 2019-2030, (USD Million)
Nutrition & Diet- Market Size & Forecast 2019-2030, (USD Million)
Medication Adherence- Market Size & Forecast 2019-2030, (USD Million)
Others (Meditation & Brain Training Apps)- Market Size & Forecast 2019-2030, (USD Million)

-By Device Type

Smartphones- Market Size & Forecast 2019-2030, (USD Million)
Tablets- Market Size & Forecast 2019-2030, (USD Million)
Wearable Devices- Market Size & Forecast 2019-2030, (USD Million)

-By Platform

Android- Market Size & Forecast 2019-2030, (USD Million)
iOS- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

-By End User

Men- Market Size & Forecast 2019-2030, (USD Million)
Women- Market Size & Forecast 2019-2030, (USD Million)
Kids - Market Size & Forecast 2019-2030, (USD Million)

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Geographical Analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The largest market share for fitness apps is held by North America due to several factors, including the expansion of coverage networks, increased use of smartphones, a higher prevalence of chronic diseases, and a growing elderly population. The United States dominates the global demand for health applications, largely owing to its high embracement rate of mHealth in this region. In fact, over recent years, there has been exponential growth in usage rates, with an estimated 74% of Americans utilizing at least one fitness app. According to a recent Freeletics Survey, approximately 60% of the population intends to terminate gym membership/subscriptions and adopt fitness apps, thus augmenting market demand across the region.

Lead the Fitness App Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

Headspace Health
My FitnessPal Inc
Apple Inc.
Google
Fitbit
Flo Health
Fitness Coach
Samsung Health
HealthifyMe
Home Workout
Grandapps
Dom and Tom
WillowTree
Motorola Mobility LLC
BetterMe
Keep (Beijing Calories)
Others

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Global Fitness App Industry Recent Development:

In 2022: Headspace Health, the provider of a digital platform for mental health and fitness, launched an innovative online offering that combines Ginger's premium coaching services, psychiatry offerings, and therapy with Headspace's meditation and mindfulness programs.
In 2022: Flo Health introduced “Flo for Business” operating in about 20 languages with more than 175 nations worldwide. This app primarily emphasizes educating female employees to monitor their reproductive health and fitness during periods, ovulation, etc.

Key Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
EmerFitness Appg Opportunities,
Market Trends and Indicators

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Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Fitness App geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 16.3.8 diverse industrial verticals.