New York, May 14, 2020 (GLOBE NEWSWIRE) -- The global Fitness App market is forecast to reach USD 14.64 Billion by 2027, according to a new report by Reports and Data. The market has witnessed an increase in demand in the past few years owing to the growing penetration of smartphones and the emergence of advanced technologies in the healthcare sector. Digital health has developed into a successful business, attracting several industries from the outside of healthcare.
Mobile apps are able to help people manage their own health, promote healthy living, and have access to necessary information when and where they need it. These tools are being adopted rapidly as they are being developed. Advanced technologies have revolutionized the healthcare industry.
The growing investment in health startups has gained momentum, which has further augmented the demand for the market. The newcomers are coming up with new ways of making these apps more user friendly and are trying to tap into more opportunistic areas of growth. A total of USD 7.5 billion was invested into various start-ups, attempting to digitalize the healthcare system of the U.S. The statistics from various health and fitness app shows that users are loyal to their favorite apps. Almost 96% use only one fitness app. Over 75% of active users open their apps at least two times a week. As well, 25% of the most engaged users open health or fitness apps more than ten times a week.
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The COVID-19 impact:
The COVID-19 virus pandemic has initiated a seismic wave of health anxiety and awareness, which is triggering a new category of virus-fighting tech. The lockdown to ensure social distancing has triggered the growth in subscribers on fitness apps. This industry is doing its best to keep the users entertained within the four walls and are witnessing a tremendous surge in subscribers. The industry’s demand is growing as people are trying to stay fit during the quarantine and social distancing will further limit human contact that will again boost the demand for the market after the lockdown has been lifted.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global Fitness App market on the basis of type, platform, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Platform Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/fitness-app-market
Regional Outlook (Revenue, USD Billion; 2017-2027)
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