Lifestyle Diseases Apps Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2030

Posted by Mrudula Anil Karmarkar on May 12th, 2023

The global lifestyle diseases apps market size is expected to reach USD 13.8 billion by 2030, based on a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.7% from 2022 to 2030 owing to factors including rising public awareness regarding the advantages of smart wearable devices and growing disposable incomes, specifically among middle-class consumers. The growing adoption of smartphones worldwide is likely to influence the adoption of fitness applications across users of all income levels.

The COVID-19 pandemic has led to a shift from conventional fitness centers and classes to online sites and mobile applications. In addition, the rising demand for online training and at-home workout sessions has increased the use of lifestyle management mobile applications, supporting the market expansion. As per an article published by the World Economic Forum, during the COVID-19 pandemic, the installations of fitness and health mobile applications surged by 46% across the world as a result of the impact of the lockdown.

The rise of lifestyle diseases is expected to encourage the use of mobile health apps for self-care and symptom management. Furthermore, the rising preference for the long-term subscription of fitness mobile applications by users is one of the primary components likely to further drive the market over time.The market growth can be attributed to the growing number of people focusing on leading healthy lives. In addition, the rising adoption of smartphones, tablets, and wearable technology along with the availability of mobile applications is contributing to the market growth. The growing public awareness regarding lifestyle diseases linked to nutrition is boosting the demand for lifestyle diseases management apps.

According to a World Economic Forum study published in September 2020, the market for fitness applications has grown by over 45% across the globe in downloads and is anticipated to continue to grow as more people adopt smart devices, smart wearables, and smartphones. The COVID-19 pandemic caused widespread lockdowns and social segregation rules, which supported the shift from conventional studios and gyms to virtual fitness. It has consequently resulted in a rise in app downloads and subscriptions for lifestyle diseases.

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The lifestyle diseases management apps offer users individualized exercise plans by leveraging machine learning, augmented reality, artificial intelligence, and other advanced technologies. They also provide customized health and fitness plans with assigned trainers, no-equipment workout programs, step tracking, diet monitoring, and customizable diet charts. Therefore, the demand for lifestyle management apps is expected to grow at a significant rate owing to their advantages over physical exercise and bodybuilding. Gymnotize Fitness Workout App, a training app, uses augmented reality to display the right method of lifting weights. Additionally, it offers users to monitor their count of repetitions, organize workouts as per their comfort, and graphs to analyze their own fitness process.

Lifestyle Diseases Apps Market Report Highlights

• Based on platform type, the android segment dominated the market with a revenue share of over 50.0% in 2021. It is expected to witness the fastest growth from 2022 to 2030 owing to the affordability and convenience of the android based apps
• Based on devices, the smartphone segment held the largest share of over 50.0% in 2021 owing to the evolving innovations in the virtual fitness industry. The exponential rise in the adoption of smartphones is driving the market for lifestyle management apps
• Based on indication, the obesity segment dominated the market with a revenue share of over 25.0% in 2021 due to the growing adoption of lifestyle apps to manage the sedentary nature of various work forms with the help of services offered by the apps
• The mental health segment is likely to register the fastest CAGR of 17.1% from 2022 to 2030 owing to the rising incidence rate of mental disorders, along with the rising number of people seeking out help for mental health challenges
• In 2021, North America dominated the market with a revenue share of over 30.0% due to widespread smartphone usage, rising concern over health and wellness, and the accessibility to various lifestyle diseases apps
• In November 2022, Alphabet, the parent company of Google, announced the acquisition of USD 2.2 billion, making health and fitness more accessible to many individuals

The android segment dominated the market with a revenue share of over 50.0% in 2021 owing to its widespread adoption, the convenience of usage, and affordability. The android segment is also expected to witness the fastest growth over the forecast period. In Asia, a significant population of over 320 million people lives in abject poverty. Hence, the adoption of android apps is more than iOS apps. The availability of affordable smartphones is one of the key factors responsible for the higher penetration of Android-based mobile apps. Some of the lifestyle diseases apps accessible on android operating systems include MyFitnessPal, Sleep Cycle, Headspace, and Lose It, among many others.

The growth of the android segment is followed by the iOS segment. The iOS segment is expected to expand at a CAGR of 14.3% over the forecast period. The development process of iOS apps is moderately faster and less expensive compared to android. Some of the apps available on iOS are Hello Heart, PlateJoy, RunKeeper, Strava, Fitbod, and Fitocracy.

List of Key Players in Lifestyle Diseases Apps Market

• MyFitnessPal
• Noom Inc.
• Fitbit, Inc.
• Azumio, Inc.
• Lifesum
• Sleep Cycle
• Headspace
• HealthifyMe
• Nudge Coach