Digital Fitness & Well-Being - North America

North America

The Digital Fitness & Well-Being market in North America is anticipated to generate a revenue of €15.67bn by 2024.
This projection indicates an annual growth rate (CAGR 2024-2029) of 6.68%, leading to a market volume of €21.65bn by 2029.
The user penetration rate is predicted to be 43.91% in 2024 and is projected to increase to 53.03% by 2029.
The average revenue per user (ARPU) is expected to be €69.92.
In comparison to other countries, United States is expected to generate the highest revenue in the Digital Fitness & Well-Being market, amounting to €13,740.00m in 2024.
North America's Digital Fitness & Well-Being market is witnessing a surge in demand for virtual fitness classes and personalized wellness apps.

Key regions: France, Asia, Japan, Germany, Italy

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Fitness & Well-Being market in North America is experiencing significant growth driven by changing consumer preferences, technological advancements, and the increasing focus on health and wellness.

Customer preferences: Consumers in North America are increasingly prioritizing convenience and accessibility when it comes to fitness and well-being services. The demand for digital fitness solutions, online doctor consultations, and digital treatment options is on the rise as individuals seek more flexible and personalized healthcare experiences. Moreover, the younger demographic in the region is particularly inclined towards using digital platforms for managing their health and wellness.

Trends in the market: In the United States, the digital fitness market is witnessing a surge in popularity with the adoption of virtual workout classes, personalized training apps, and wearable fitness devices. This trend is driven by the need for home-based fitness solutions, especially during the COVID-19 pandemic, and the preference for on-the-go wellness support. Online doctor consultation services are also gaining traction in Canada, where remote healthcare access is becoming increasingly important, especially in rural areas. Additionally, digital treatment and care solutions are being embraced in Mexico to improve healthcare outcomes and reduce the burden on traditional healthcare systems.

Local special circumstances: North America boasts a highly developed digital infrastructure, making it conducive for the growth of the Digital Fitness & Well-Being market. The region's tech-savvy population, coupled with a strong emphasis on innovation and entrepreneurship, creates a fertile ground for digital health startups and established players to thrive. Furthermore, the regulatory environment in countries like the United States and Canada supports the integration of digital health solutions, fostering competition and driving market expansion.

Underlying macroeconomic factors: The increasing healthcare costs in North America are prompting individuals to seek cost-effective and efficient alternatives, leading to the growing popularity of digital fitness and well-being services. Moreover, the rising prevalence of chronic diseases and the aging population in the region are driving the demand for remote healthcare solutions that offer continuous monitoring and personalized care. These macroeconomic factors are fueling the growth of the Digital Fitness & Well-Being market in North America, shaping the future of healthcare delivery in the region.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.