Another year has come and gone and the future of the health and fitness industry is looking bright. Although things will never be as they were before the pandemic, the world is returning to normalcy and people are dialing in on improving their overall health and wellness.
Take a look at some uplifting things that have happened in the industry this year and other newsworthy items.
Fitness Industry Growth in 2022
Although the pandemic has left its mark, McKinsey & Company notes that the health and fitness industry is bouncing back and investors aren’t turning away. This past year, Myzone received a $17.2 million investment, Therabody took in a $165 million investment, and Future raised $75 million in funding. Most fitness businesses aren’t back to pre-pandemic levels, however, several chains noticed significant upticks in revenue and experts predict the industry will grow 171.75% between now and 2028.