Wellness App Market Scope
Wellness App, which are designed for mobile platforms, promote a healthy lifestyle and range from specialized activity tracking, sleep analysis, nutrition management, and mindfulness apps, to general wellness monitoring solutions. Wellness apps use engagement techniques to help users adopt healthy behaviors and monitor their physical, psychological, and behavioral states. The vast array of general health and wellness apps available include nutritional apps like LoseIt and MyFitnessPal that help you track your eating and exercise habits and lose weight, fitness apps like Strava, Fitplan, and Aaptiv, sleep trackers like Sleep Cycle, and mental wellness apps like Calm, Headspace, and Happify.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Headspace (United States), Clue (Germany), Noom (United States), Meditopia (Germany), Results Wellness Lifestyle (United Kingdom), My Possible Self (United Kingdom), Deliciously Ella (United Kingdom), Flo (Belarus), Sleep Cycle (Europe) and Sleep Cycle Alarm Clock (Europe) |
CAGR | % |
The presence of established manufacturers, the Wellness App market appears to be extremely fragmented. To gain additional impetus, key fitness app market players seek opportunities to integrate across the extensive value chain while focusing on expanding production capacities, R&D investments, and M&A activities. They provide dependable, cutting-edge solutions and services while heavily investing in the development of capable technologies and products. Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Global Wellness App market throughout the predicted period.
Headspace (United States), Clue (Germany), Noom (United States), Meditopia (Germany), Results Wellness Lifestyle (United Kingdom), My Possible Self (United Kingdom), Deliciously Ella (United Kingdom), Flo (Belarus), Sleep Cycle (Europe) and Sleep Cycle Alarm Clock (Europe) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Viber (Israel), Streaks (United States), Drinkaware (United Kingdom) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wellness App market by Type and Region with country level break-up.
On the basis of geography, the market of Wellness App has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 2nd February 2022, Withings, the market leader in at-home connected health, has acquired 8fit, a global health, fitness, and wellness app with over 40 million downloads. 8fit, which is available in six languages, provides users with efficient workouts, customized meal plans, and self-care guidance. Its capabilities bolster Withings' ongoing strategy to create personalized programmes that combine sophisticated data with actionable insights that enable users to change their behavior. Over the next three years, the company plans to invest more than USD 30 million to accelerate the development of this personalized support.
On 23rd February 2022, SELF, inbox is constantly flooded with emails about hot new product launches and collaborations that promise to revolutionise your self-care routine. The Wellness Forecast handpicks some of the most recent releases in wellness, style, beauty, technology, food, and fitness. We kept an eye out for new products from Black-owned businesses, as well as love-inspired collections and collaborations. And, despite the short month, the number of new product launches that poured in did not disappoint.
Food and Drug Administration's (FDA) policy on health and wellness apps is unethical. Health and wellness apps that are not intended for medical use are not regulated by the FDA. As a result of this hands-off policy, preventing consumer harm is primarily the responsibility of developers and app marketplaces. Argue that the FDA's responsibilities to prevent harm and maintain accountability to the American public necessitate a much larger role. People also raise concerns about efficiency and fostering innovation, arguing that while they should help shape FDA regulation of health and wellness apps, people do not justify an absence of FDA involvement entirely.
Influencing Trend:
Increasing Popularity of Customized Yoga Apparel in Wellness App
Market Growth Drivers:
Rising Health Awareness to Bolster Growth and Emerging Nations Present Robust Opportunities
Challenges:
Fitness Rug Is Highly Expensive
Restraints:
Availability of Substitutes Product at Low Price
Opportunities:
Raising Awareness about the Importance of Physical Exercise through Introduction of Various Health Programs and Emerging Number of Fitness Center and Gyms
Key Target Audience
New Entrants/Investors, Wellness App Manufacturer, Wellness App Distributor & Suppliers, Government Bodies, End Users and Others