Fitness Platforms for Disabled Market was valued at more than USD 1 billion in 2020 and is expected to grow at a CAGR of around 22% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Fitness Platforms for Disabled Market was valued at more than USD 1 billion in 2020 and is expected to grow at a CAGR of around 22% from 2022-2028. The analysis has been segmented into Type (Exercise & Weight Loss, Diet & Nutrition, and Activity Tracking); Platform (Android, iOS, and Others); Devices (Smartphones, Tablets, and Wearable Devices); and Region/Country
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The fitness platforms for disabled market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the fitness platforms for disabled market. The fitness platforms for disabled market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the fitness platforms for disabled market at the global and regional levels.
Market Overview
A virtual fitness platform for the disabled is an online arena that offers live or on-demand fitness lessons to people with disabilities. The arrival of advanced technologies like machine learning, artificial intelligence, and augmented reality has completely transformed the health and fitness sector. To stay fit and healthy, people with disabilities are now exercising at home rather than going to rehabilitation facilities, gyms, and health clubs. All types of exercise are available on modern fitness platforms, including strength training, assisted workouts, Zumba, yoga, aerobics, and meditation. One of the main factors driving investments in the market is the rising acceptance and popularity of fitness platforms among individuals with disabilities globally.
The rapid increase in the number of people using smartphones, wearable fitness devices, mobile devices, and other similar gadgets coupled with the ease of accessibility of numerous applications across various platforms drive the market growth during the forecast period. For instance, in 2020, Apple launched Apple Watch Series 6, a revolutionary Blood Oxygen feature that offers users even more insight into their overall wellness.
Some of the major players operating in the market include Apple Inc., KAKANA, Adaptive Yoga Live, Rocket Software Inc., Special Olympics, Youtube, Hulu LLC, GOFA Fitness, Peloton, and Exercise Connection
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COVID-19 Impact
The COVID-19 pandemic has had an unparalleled impact on the socio-economic and healthcare structure across various countries. During COVID -19 period, people have seen their daily lifestyles change drastically. As per a report by World Economic Forum, During the lockdown, gyms, and fitness studios were forced to close or go digital. Therefore, Fitness apps grew by nearly 50% during the first half of 2020 and The Middle East and North Africa (MENA) region saw the second-highest growth in downloads, at a 55% increase, followed by Asia-Pacific with a 47% increase
The global fitness platforms for disabled market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the platform, the market is segmented into util android, iOS, and others. The android category is to witness the fastest growth rate during the forecast period owing to increasing penetration of the internet and the rising number of android shipments coupled with the availability of android phones at a reasonable price. The acceptance of android platforms has been assisted even more by the introduction of technological advancements. For instance, a Google statement claims that Android-based smartphones can now be operated hands-free by persons who have speech or other physical difficulties.
· On the basis of devices, the market is categorized into smartphones, tablets, and wearable devices. Among these, smartphones held a significant share of the market in 2020. This is mainly due to the huge millennial population that has been adopting smartwatches because of luxury standards. Also, smartphones and wearable devices are seeing a surge in new users, including the older age population, because wearable makers, such as Samsung, Apple and Fitbit, are adding health-monitoring features that appeal to older people and keep them updated about their health status in real time. For instance, in April 2021 - Garmin Ltd. announced the expansion of its Venu Series by launching Venu 2 and Veny 2S GPS smartwatches
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Fitness Platforms For Disabled Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. The rising awareness and adoption of fitness trackers among the disabled population and growing incidents of health issues related to sedentary lifestyles, and the growing penetration of smartphones, and internet penetration will boost the growth of the market during the forecast period. Also, a growing geriatric population coupled with the prevalence of several disabilities is leading to the growing demand for fitness platforms for the disabled market. For instance, according to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice what it was in 1980 at 382 million. The elderly population is expected to double again by 2050 and reach nearly 2.1 billion worldwide.
The major players targeting the market include
· Apple Inc.
· KAKANA
· Adaptive Yoga Live
· Rocket Software Inc.
· Special Olympics
· Youtube
· Hulu LLC
· GOFA Fitness
· Peloton
· Exercise Connection
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the fitness platforms for disabled market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the fitness platforms for disabled market?
• Which factors are influencing the fitness platforms for disabled market over the forecast period?
• What are the global challenges, threats, and risks in the fitness platforms for disabled market?
• Which factors are propelling and restraining the fitness platforms for disabled market?
• What are the demanding global regions of the fitness platforms for disabled market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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