Health and Fitness App Market Expected to reach US$ 18.7 billion by 2030 with a CAGR of 17%: Report’s Prophecy Market Insights

COVINA, Calif., May 16, 2023 /PRNewswire/ — Mobile Apps for health and fitness that focus on improving lifestyles through creative engagement are becoming increasingly popular which drives the market growth. Growing prevalence of chronic disease and growing demand for real-time data as it supports their objective of receiving top-quality care at affordable costs has driven market growth.

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Adoption of digital technologies and wearable devices has become major contribution in market growth. Growing trend of health & fitness apps, high adoption of smartphones and emergence of pandemic disease is anticipated to increase the demand for Health and fitness app market growth in coming years.

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Market Dynamics:

The health and fitness app market is constantly evolving and is driven by various factors, including changing consumer preferences, advances in technology, increasing health awareness, and a growing focus on preventive healthcare. Consumers today are more health-conscious than ever before and are increasingly looking for products and services that can help them improve their overall wellbeing. This has led to a surge in demand for fitness and wellness products, including fitness equipment, health supplements, and organic foods.

Advances in technology have also played a significant role in shaping the health and fitness app market. The development of wearable fitness technology, such as smartwatches and fitness trackers, has made it easier for people to monitor their physical activity and track their progress towards fitness goals. In addition, the rise of online fitness platforms and mobile apps has made it more convenient for consumers to access fitness resources and connect with personal trainers and fitness coaches. The COVID-19 pandemic has further accelerated the growth of the health and fitness app market, as consumers have become more focused on maintaining their physical

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Fitness Rings Market to Reach $869.4 Million, Globally, by 2031 at 7.9% CAGR: Allied Market Research

Growth in awareness about health and fitness among the population and advances in technology drive the global fitness rings market. By region, North America is expected to achieve the largest revenue by 2031. 

PORTLAND, Ore., March 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Fitness Rings Market by Compatibility (iOS, Android, Windows, Others), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031” According to the report, the global fitness rings industry was valued at $408.40 million in 2021 and is estimated to generate $869.4 million by 2031, witnessing a CAGR of 7.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers, Restraints, and Opportunities

Growth in awareness about health and fitness among the population and advances in technology drive the fitness rings market. However, the high price of fitness rings hinders the global market growth. On the other hand, ability of fitness rings to integrate with smart home devices and rise in interest in sleep tracking among consumers are likely to present new growth opportunities for the global fitness rings market in the coming years.

Covid-19 Scenario

  • The COVID-19 outbreak disrupted the fitness rings market across the globe. Restrictions on travel, airline suspensions, and slowdown in the economy affected the business of fitness rings manufacturers worldwide. Outdoor fitness routine of people changed due to the growing fear of catching the COVID-19 infection.

  • The pandemic also had a positive impact on the growth of the fitness app market. This is attributed to the growing demand for fitness apps to improve their health and immune system to prevent the adverse effects of COVID-19.

  • Furthermore, the demand for fitness apps increased significantly and people in the developed countries adopted fitness apps during the lockdown.

The iOS segment to dominate the market during the forecast period

Based on compatibility, the iOS segment contributed to the largest share of more than two-fifths of the global fitness rings market in 2021 and is expected to dominate in terms of revenue in 2031. There is an increase in consumer preference for fitness trackers with iOS, owing to its unique apps and features. However, the windows segment is likely to witness the fastest CAGR of 9.5% from 2022 to 2031. Windows is

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