16 Best Exercises For Lower Back Pain

In This Article:

In this article, we will be navigating through the 16 best exercises for lower back pain. If you wish to skip our detailed analysis, you can move directly to the 5 Best Exercises For Lower Back Pain.

Virtual Fitness Industry: An Analysis

During the pandemic, people were stuck at home with no physical activities which led to a surge in the popularity of virtual fitness. According to a report by Grand View Research, the global virtual fitness market was valued at $20.3 billion in 2023. The virtual fitness industry is expected to grow at a compound annual growth rate (CAGR) of 26.72 % from 2023 to 2030. The market is anticipated to reach $106.4 billion by 2023. The attraction towards online fitness is spread across generations and is especially notable among millennials.

Remote workouts offer flexibility and can be incorporated with relative ease into a person's busy routine. There are two main types of sessions available in virtual fitness, group and solo. In 2022, group sessions dominated the market. The group segment had a market share of 59.1% in 2022. Group workouts help create a community while also encouraging people to show up. However, solo sessions are gaining popularity and are expected to have a relatively higher CAGR during the forecasted period. Solo sessions enable the person to follow their unique goals.

Companies are incorporating the latest technologies including extended reality with their workouts to attract a greater audience by enhancing experiences. On December 14, 2023, Les Mills announced the launch of LES MILLS XR DANCE, a virtual reality fitness game. Les Mills is known for its evidence-based exercise programs and for delivering group fitness experiences. LES MILLS XR DANCE merges virtual technology with coaching, providing an immersive party-like experience to the user. The app offers personalized guidance from renowned instructors in various dance styles. The game has been developed in collaboration with Odders, XR gaming specialist, and Monstercat.

Region-wise, North America was the most dominant region in the global virtual fitness market in 2022. North America had a revenue share of 40.3% in 2022. The growing aging population and growing health consciousness among the population contributed to a large share of the region in the market. Asia Pacific region is envisioned to have a significant CAGR during the forecasted period. The increasing obesity rates have prompted people to make more health-conscious decisions which is expected to contribute to the growth of the region.

Notable Names In The Fitness Industry

Some of the most prominent names in the fitness industry include Garmin Ltd. (NYSE:GRMN), Planet Fitness, Inc. (NYSE:PLNT), and Lululemon Athletica Inc. (NASDAQ:LULU). You can also check out the 10 Best Fitness and Gym Stocks To Buy Now.