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Fitness App market report encompasses a market data that provides a detailed analysis of the Fitness App industry and its impact based on applications and different geographical regions. Additionally, this market report also gives a detailed overview about product specification, technology, and product type and production analysis by taking into consideration other major factors such as revenue, cost, and gross margin. The Fitness App report is presented with full commitment by assuring the best possible service depending upon business requirements.
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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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.
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.
Application
Opportunities
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.
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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Key players operating in the global fitness app market include:
Core Objective of Fitness App Market:
Every firm in the Fitness App Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
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
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Regional Analysis for Fitness App Market:
Key takeaways from the Fitness App Market report:
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