Know More About “Fitness Platforms For Disabled Market 2030” Growth Worldwide….

Posted by Mrudula Anil Karmarkar on July 20th, 2023

San Francisco, 20 July 2023: The ReportFitness Platforms For Disabled Market Size, Share & Trends Analysis Report By Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking), By Platform, By Device, By Region, And Segment Forecasts, 2022 - 2030

The global fitness platforms for disabled market size is expected to reach USD 11.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.9% from 2022 to 2030. Individuals of different age groups and demographics are likely to use fitness platforms and apps for different applications. For instance, disabled adults aged 18-64 years are likely to use these platforms for exercise and weight loss compared to the general geriatric population, which is likely to use them for diet and nutrition. The effectiveness and adoption of fitness platforms among people with disabilities have led to increased investments in the fitness industry. For instance, in May 2022, Future Fitness announced that it has received USD 8.5 million in Series A funding led by Kleiner Perkins, an American venture capital firm.

Moreover, the introduction of modern technologies, such as machine learning, artificial intelligence, and augmented reality, in the health and fitness space has revolutionized this industry. These technologies have changed the way individuals with disability exercise at home instead of visiting rehabilitation centers, gyms, and health clubs to keep themselves fit and healthy. Modern fitness platforms are offering all modes, including meditation, aerobics, yoga, Zumba, assisted exercises, and strength training. The growing popularity and increasing adoption of fitness platforms among people with disabilities worldwide are among the key factors boosting investments in the market.

In addition, the development of wearable technology for disabled people/individuals with disabilities is further translatable to the aging population. For instance, a GPS-enabled smart device aiding people with visual impairment in navigating the streets might help adults in monitoring their parents with dementia. Thus, there is a potential opportunity for upcoming innovators and startups to launch technology and products in virtual fitness that prove to be financially successful and beneficial for the physical well-being of people with disabilities.

A transition from traditional studios and gyms to a virtual fitness trend among the general population and people with disabilities has been witnessed during the COVID-19 pandemic. This, in turn, has increased downloads and usage of fitness live streaming platforms. According to the World Economic Forum, in 2020, the global subscriptions of fitness and health platforms increased by 50.0% among the disabled group. This, in turn, increased the usage rate of fitness platforms.

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Fitness Platforms For Disabled Market Report Highlights

• The market growth is attributed to the increasing prevalence of disability in the growing geriatric population
• The exercise and weight loss type segment dominated the market in 2021 owing to the high usage of exercise and weight loss platforms by disabled consumer groups, worldwide
• The iOS platform segment dominated the market in 2021 due to the high adoption of iOS devices. For instance, active Apple device users increased from 1.4 billion in the first fiscal quarter of 2022 to 1.5 billion in the first fiscal quarter of 2020, according to Apple, Inc.
• The smartphones device segment held the largest revenue share in 2021 owing to the increase in the adoption of smartphones among U.S. consumers in the past few years, which is expected to proportionately scale up the use of fitness platforms
• North America dominated the market in 2021 owing to the readiness of IT infrastructure, growing internet connectivity, rising disposable income, growing prevalence of chronic diseases and disabilities, and the rising awareness about fitness and wellbeing

Moreover, the growing trend of online fitness training among people with various disability types, including difficulties in hearing, vision, mobility, and many other functions, is driving the market.Increasing awareness regarding health and wellness among the disabled population is also driving the market.Moreover, the prevalence of disability is rising and is estimated to affect over 15.0% of the global population according to a report published by the WHO in 2020. Conflict and poverty are the two key factors responsible for high rates of disability in developing countries. The prevalence of disability is continuously increasing in the industrialized sectors with the aging population.

Fitness Platforms For Disabled Market Report Scope

List of Key Players of Fitness Platforms For Disabled Market

• Apple, Inc.
• Kakana
• Champion’s Rx
• Adaptive Yoga Live
• Evolve21
• Kym Nonstop
• Exercise Buddy, LLC
• Special Olympics
• YouTube
• Hulu, LLC

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