Metaverse Health and Fitness - CIS

The Metaverse Health and Fitness market is projected to reach a value of US$118.9m in 2024.
This market segment is expected to demonstrate an annual growth rate (CAGR 2024-2030) of 38.87%, resulting in a projected market volume of US$852.9m by 2030.
The United States is the primary contributor to this market, generating a projected market volume of US$3.2bn in 2024.
In terms of users, the Metaverse Health and Fitness market is expected to have approximately 5.4m users users by 2030.
User penetration is forecasted to be 1.3% in 2024 and is projected to increase to 3.8% by 2030.
The average value per user (ARPU) is expected to amount to US$64.1.
It is worth noting that these projections and figures pertain to the Metaverse Health and Fitness market and are specific to the CIS region.
In the CIS, the trend in the Metaverse Health and Fitness market is a growing demand for virtual fitness classes and online health consultations.

Definition:

The Health and Fitness market refers to the use of virtual and augmented reality technology to deliver health and fitness services and information. These applications range widely and include virtual personal training, virtual rehabilitation, virtual therapy, and virtual wellness programs.

Additional Notes:

The market comprises market sizes, users, average revenue per user, and penetration rates. Market sizes are generated through in-app purchases and consumer spending on items, products, and/or software. Market numbers about digital health can also be found in the Digital Market Insights. Key players in the market include companies, such as Black Box VR, VirZOOM, and Virtual Bodyworks. For more information on the data displayed, use the info button right next to the boxes.

Virutal fitness classes, such as Supernatural
Virtual personal trainings, such as Fitbit Coach
Virtual wellness retreats, such as Wanderlust Virtual

Digital fitness devices, such as Smartwatches
Over-the-counter pharmaceuticals sold via the internet, such as in Healthwarehouse
Health tracking apps, such as Health on Apple

The Metaverse Health and Fitness market in CIS is experiencing significant growth and development. Customer preferences in the Metaverse Health and Fitness market in CIS are influenced by a variety of factors.

Firstly, there is a growing awareness and emphasis on personal health and fitness among consumers. People are becoming more conscious of the importance of maintaining a healthy lifestyle and are actively seeking ways to improve their physical well-being. Additionally, the convenience and accessibility offered by the Metaverse Health and Fitness market are appealing to consumers.

The ability to access fitness classes and training sessions from the comfort of their own homes is a major draw for many individuals. Trends in the market show a shift towards virtual fitness experiences and gamification. Virtual fitness platforms are becoming increasingly popular, offering a wide range of exercise classes and training programs that can be accessed remotely.

These platforms often incorporate gamification elements, such as leaderboards and rewards, to motivate and engage users. This trend is driven by the desire for interactive and immersive fitness experiences that can be tailored to individual needs and preferences. Local special circumstances in the CIS region play a role in the development of the Metaverse Health and Fitness market.

The region has a large population with diverse cultural backgrounds and varying levels of access to traditional fitness facilities. The Metaverse Health and Fitness market provides an opportunity for individuals in remote areas or with limited resources to participate in fitness activities. Additionally, the region has a strong gaming culture, which contributes to the popularity of gamified fitness experiences in the Metaverse.

Underlying macroeconomic factors also contribute to the growth of the Metaverse Health and Fitness market in CIS. The COVID-19 pandemic has accelerated the adoption of virtual fitness solutions as people turned to online alternatives during lockdowns and social distancing measures. This shift in consumer behavior has created a favorable environment for the expansion of the Metaverse Health and Fitness market.

Furthermore, advancements in technology and connectivity have made it easier for individuals to access and participate in virtual fitness activities. Overall, the Metaverse Health and Fitness market in CIS is experiencing growth due to customer preferences for convenience and personalized experiences, trends towards virtual fitness and gamification, local special circumstances, and underlying macroeconomic factors such as the COVID-19 pandemic and technological advancements. As the market continues to evolve, it is expected that the Metaverse Health and Fitness industry will further expand and innovate to meet the changing needs and preferences of consumers in the CIS region.

Data coverage:

Figures are based on in-app spending, consumer spending, app downloads, and investment and funding data.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use reports, third-party studies, and research companies. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, and internet penetration rates. This data helps us to 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 particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are consumer spending per capita, level of digitalization, and cloud revenues.

Additional Notes:

The market is updated twice per year in case market dynamics change. Consumer Insights data is unbiased for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

Regarded as the next iteration of the internet, the metaverse is where the physical and digital worlds come together. As an evolution of social technologies, the metaverse allows digital representations of people, avatars, to interact with each other in a variety of settings. Whether it be at work, in an office, going to concerts or sports events, or even trying on clothes, the metaverse provides a space for endless, interconnected virtual communities using virtual reality (VR) headsets, augmented reality (AR) glasses, smartphone apps, or other devices.