DUBLIN, March 15, 2022–(BUSINESS WIRE)–The “Disability Fitness Platform Market Size, Share and Trend Analysis Report by Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking), By Platform shape, by device, by region and segment forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.
The global disability fitness platform market size is expected to reach USD 11.1 billion by 2030 and is projected to grow at a CAGR of 21.9% from 2022 to 2030.
People of different age groups and demographic groups are likely to use fitness platforms and apps for different applications. For example, disabled adults aged 18-64 are likely to use these platforms for exercise and weight loss compared to the general geriatric population, who are likely to use them for food and nutrition. .
The effectiveness and adoption of fitness platforms by people with disabilities has led to increased investment in the fitness industry. For example, in May 2019, Future Fitness announced that it had received $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 field of health and fitness has revolutionized this industry. These technologies have changed the way people with disabilities exercise at home instead of going to rehabilitation centers, gyms and health clubs to stay fit and healthy.
Modern fitness rigs offer all modes including meditation, aerobics, yoga, Zumba, assisted exercises, and strength training. Rising popularity and rising adoption of fitness platforms among people with disabilities across the globe are some of the major factors driving investment in the market.
Also, the development of wearable technology for people with disabilities/people with disabilities is more transferable to the aging population.
For example, a smart device with GPS that helps visually impaired people navigate the streets could help adults monitor their relatives with dementia. Thus, there is a potential opportunity for upcoming innovators and startups to launch virtual fitness technology and products that prove to be cost effective and beneficial to the physical wellbeing of people with disabilities.
Fitness Platforms for Disabled People Market Report Highlights
The growth of the market 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 due to the high usage of exercise and weight loss platforms by disabled consumer groups, worldwide.
The iOS platform segment dominated the market in 2021 owing to the high adoption of iOS devices. For example, the number of active users of Apple devices 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 smartphone segment held the largest share of revenue in 2021 due to the increase in smartphone adoption by US consumers over the past few years, which is expected to increase the use of fitness platforms proportionally.
North America led the market in 2021 owing to IT infrastructure readiness, growing internet connectivity, increasing disposable income, increasing prevalence of chronic diseases and disabilities, and awareness increasing fitness and well-being.
Live Adaptive Yoga
Exercise Buddy, LLC
Youtube (parent company-Google)
Hulu, LLC (Part of The Walt Disney Company)
For more information on this report, visit https://www.researchandmarkets.com/r/auod2k
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220315006058/en/
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