What is Wellness App?
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.
|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)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Exercise and Weight Loss, Diet and Nutrition, Activity Tracking and Others) and major geographies. Research Analyst at AMA predicts that United Kingdom Players will contribute to the maximum growth of Global Wellness App market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Wellness App market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are 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).
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.
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.
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.
Increasing Popularity of Customized Yoga Apparel in Wellness App
- Availability of Substitutes Product at Low Price
Raising Awareness about the Importance of Physical Exercise through Introduction of Various Health Programs and Emerging Number of Fitness Center and Gyms
Key highlights of the Global Wellness App market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Wellness App market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Wellness App market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Wellness App Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wellness App market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Wellness App market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Wellness App Manufacturer, Wellness App Distributor & Suppliers, Government Bodies, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.