Fitness Platforms For Disabled Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Exercise & Weight Loss, Diet & Nutrition, and Activity Tracking); Platform (Android, iOS, and Others); Devices (Smartphones, Tablets, and Wearable Devices); and Region/Country
The global fitness platform for disabled market is expected to grow at a significant rate of around 22% during the forecast period 2022-2028. 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.
Apple Inc., KAKANA, Adaptive Yoga Live, Rocket Software Inc., Special Olympics, Youtube, Hulu LLC, GOFA Fitness, Peloton, and Exercise Connection are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst platform, the android category to witness a fastest growth rate during the forecast period”
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.
“Amongst devices, the smartphones to hold a significant share in the market in 2020”
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 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
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the fitness platform for disabled industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of 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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Fitness Platform For Disabled Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global fitness platform for disabled market were the three major steps undertaken to create and analyze the adoption of fitness platform for disabled in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global fitness platform for disabled market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the fitness platform for disabled market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the fitness platform for disabled market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, platform, and devices. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the fitness platform for disabled market. Further, we conducted factor analysis using dependent and independent variables such as various type, platform, and devices of fitness platform for disabled. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the fitness platform for disabled market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fitness platform for disabled market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the fitness platform for disabled market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global fitness platform for disabled market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fitness platform for disabled market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, platform, and devices in the global Fitness Platform For Disabled Market.
The main objective of the Global Fitness Platform For Disabled Market Study
The current & future market trends of the global Fitness Platform For Disabled Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Fitness Platform For Disabled Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, platform, and devices.
- Define and analysis of the regulatory framework for the all-terrain vehicle
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Fitness Platform For Disabled Market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Fitness Platform For Disabled Market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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