DUBLIN--(BUSINESS WIRE)--The "Fitness 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" report has been added to ResearchAndMarkets.com's offering.
The global fitness platforms for disabled market size is expected to reach USD 11.1 billion by 2030 and 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 2019, 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.
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 2019 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.
Companies Mentioned
- Apple Inc.
- Kakana
- Adaptive Yoga Live
- Champion'S Rx
- Evolve21
- Kym Nonstop
- Exercise Buddy, LLC
- Special Olympics
- Youtube (Parent Company-Google)
- Hulu, LLC (Part of the Walt Disney Company)
For more information about this report visit https://www.researchandmarkets.com/r/auod2k
