Digital Fitness & Well-Being - South America

South America

The Digital Fitness & Well-Being market in South America is expected to generate a revenue of €2.36bn by 2024.
With an annual growth rate (CAGR 2024-2029) of 6.54%, the market is projected to reach a volume of €3.24bn by 2029.
The user penetration in the region is expected to be 20.38% in 2024 and is forecasted to increase to 25.85% by 2029.
The average revenue per user (ARPU) is estimated to be €28.02.
In comparison to other countries, United States is projected to generate the highest revenue in the Digital Fitness & Well-Being market, with a revenue of €13,600.00m in 2024.
In South America, the digital fitness and well-being market is seeing a surge in demand for virtual personal trainers and online wellness programs.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Digital Fitness & Well-Being market in South America is experiencing significant growth and development, driven by various factors such as increasing awareness of health and wellness, technological advancements, and changing consumer preferences.

Customer preferences: Consumers in South America are increasingly turning to digital fitness and well-being solutions to lead healthier lifestyles and manage their well-being. The convenience and accessibility of online platforms for fitness classes, wellness programs, and virtual doctor consultations are appealing to busy individuals looking to prioritize their health.

Trends in the market: In Brazil, one of the largest markets in South America, there is a growing trend towards digital fitness solutions that offer personalized workout plans and virtual coaching. This trend is fueled by the rising number of smartphone users and the popularity of social media influencers promoting health and fitness lifestyles.

Local special circumstances: In Argentina, economic fluctuations have led to a shift in consumer spending habits towards more affordable digital fitness and well-being options. Online doctor consultations and digital treatment services are gaining traction as cost-effective alternatives to traditional healthcare services, especially in rural areas with limited access to medical facilities.

Underlying macroeconomic factors: The overall economic growth in South America is contributing to the expansion of the digital fitness and well-being market, as more consumers have disposable income to invest in their health and wellness. Additionally, government initiatives promoting telehealth services and digital healthcare solutions are further driving the adoption of online doctor consultations and digital treatment options across 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.