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22 Dec, 2021, 19:00 IST
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GURUGRAM, India, Dec. 22, 2021 /PRNewswire/ — KSA News
Services Diversification: The market growth would be facilitated by the increase in number of value added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others.
Growth of Ladies Fitness Center: Expansion of women only fitness centres such as Fitness Time for women and opening of few budget fitness chains such as Profit Gym will reduce the annual fees charged and increase the member penetration in KSA.
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Growth of Hotel Based Fitness Centres: Opening of additional five star properties or expansion of star hotels such as Radisson and Hyatt will positively affect the market. Approximately 163 hotel projects (72 are Five stars and 91 are Four Star Hotels) with 72,617 rooms will open their doors across the Kingdom of Saudi Arabia.
Government Initiatives: Government Initiatives such as Your Home, Your Gym" campaign are expected to encourage citizens to workout at home and share their videos online and adopt healthier lifestyles and build supporting communities.
The report titled "KSA Fitness Services Market Outlook to 2025F – Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers" by Ken Research suggested that growing awareness of health benefits, increasing disposable income, rise of budget gyms and growth of ladies only fitness center has been the major key factors which drives the demand for fitness services centers in KSA. The market is further expected to register a positive five year CAGR of 20.8% in terms of revenue during the forecast period 2020-2025.
Key Segments Covered in KSA Fitness Market:-
Direct Economic Impact of Fitness Centres
Indirect Economic Impact of Fitness Centres
Key Target Audience:-
Time Period Captured in the Report:-
Key Topics Covered in the Report:-
For More Information on the research report, refer to below link:-
KSA Fitness Services Market
Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others
Philippines Health Tech Market had a slow growth initially. The slow growth corresponded to poor internet penetration and lack of technology awareness. Unorganized health tech infrastructure and a less tech-savvy population led to the accumulation of unharmonized healthcare data. The government faced a major difficulty when the healthcare challenges kept on increasing with the growing population. Increasing need and high government interest positively drove the Philippines health tech industry.
Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia
Indonesia Health Tech market grew at a very high growth rate over the review period 2017-2020 and was further supported by an increase in health awareness among the younger population, the advancement of technology in the market, introduction of new platforms in the market. The entry of domestic players with international investments has also contributed to the same. Strong growth was observed in Indonesia’s health tech industry majorly due to high-end user demand.
India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000 ,₹1000 – ₹ 10,000 , ₹10,000 – ₹ 20,000 and Above ₹ 20,000) and By Sales
The India Consumer Wearable industry has grown at a CAGR of 32.0% on the basis of revenue over the period 2015-2020. The young demographics and high disposable income in the country is one of the largest growth drivers of the industry. Continuous investment in research & development and marketing activities by the wearables manufacturers is positively impacting the industry’s growth.
Algeria Fitness Services Market Outlook to 2025F – Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers
The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rate in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth . The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment.
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SOURCE Ken Research
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