Rising Need for Advanced Fitness Sessions Bolsters Growth
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Dublin, March 16, 2023 (GLOBE NEWSWIRE) — The “Virtual Fitness Market by Device, by Revenue Model, by Session, by Streaming, by End User, and by Region – Global Forecast to 2022-2033” report has been added to ResearchAndMarkets.com’s offering.
The virtual fitness market size is estimated to be USD 15.98 billion in 2022 and is expected to witness a CAGR of 39.74% during the forecast period 2023-2033.
Increasing popularity in the online-virtual fitness, surging popularity among older age group of virtual fitness, and growing penetration of smart devices are some of the factors contributing to the market growth.
Furthermore, rising need for advanced fitness sessions to achieve physical fitness, increasing adoption of exergaming solutions across the globe are other factors supporting the market growth. However, high cost associated with the advanced virtual fitness programs, lack of awareness regarding on-demand and live exercise classes in the developing countries is expected to hinder the growth.
Increasing popularity in the online-virtual fitness is predicted to propel the market growth during the forecast period. Customers can access fitness sessions with their preferred training programmes, exercise difficulty levels, and trainers through on-demand online fitness services.
For instance, in May 2022, Johnson Health Technology Company, A US-based provider of online fitness services introduced Matrix Connected solutions, which allow owners of gyms and fitness centres to create digital experiences for their clients and allow people to take part in on-demand, exclusive training cycles.
Rising need for advanced fitness sessions to achieve physical fitness is expected to fuel the market growth during the projected period. Consumer interest in living healthier lives is increasing significantly as flexible workouts, balanced diets, and improved healthcare continue to gain appeal. Virtual fitness service providers can employ a range of strategies to meet the needs of their clients due to the broad need for cutting-edge fitness programs to encourage healthy lives worldwide.
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