Market Insights

https://www.who.int/news/item/13-12-2017-world-bank-and-who-half-the-world-lacks-access-to-essential-health-services-100-million-still-pushed-into-extreme-poverty-because-of-health-expenses

Fitness App Market:

The global fitness app market size according to the researchers at Extrapolate, the global mHealth Market size was valued at USD 35.2 billion in 2021 and is anticipated to expand to USD 293.2 billion in 2030.

Numbers of people who has no access to medication and basic healthcare

Around 2 billion people globally have no access to essential medicines, particularly in lower- and middle-income countries. The states' recognition of health as a human right obligates them to ensure access to timely, acceptable, affordable health care according to The World Health Organisation (WHO).

Health Check-Up Market Size

Medical health check-up market size alone reach USD 51.36 billion in 2023.

Out Of Pocket Healthcare Expenses

The report shows that global spending on health continually rose between 2000 and 2018 and reached US$ 8.3 trillion or 10% of global GDP. The data also show that out-of-pocket spending has remained high in low and lower-middle income countries, representing greater than 40% of total health spending in 2018.

Fitness Industry

An evergrowing global emphasis on health consciousness and the pursuit of an active lifestyle dictates that the fitness industry will continue to see stimulated growth and transformation over the coming years.

• Despite experiencing steady growth in the past decade, with a nearly 30% increase from 2009 to 2019, the fitness industry has faced challenges due to the global pandemic.

Deloitte report found that the total impact of the health and wellness market worldwide has now reached $91.22 billion. Key Drivers Behind the Growth of the Fitness Industry?

One notable trend in the fitness industry is the increasing integration of technology and digital innovations. Fitness apps, wearable devices, and online fitness platforms have revolutionised how people engage with fitness and wellness activities. The accessibility and convenience offered by digital solutions have opened new avenues.