THE Department of Science and Technology – Philippine Council for Health Research and Development (DOST-PCHRD), through its Digital and Frontier Technologies for Health Program, showcased health innovations that tap artificial intelligence (AI), extended reality, and

intelligent tools in developing innovations that address the country’s health care challenges.

HEALTH TECH The Talakayang HeaRT Beat press conference, an initiative by the Department of Science and Technology aimed at providing science-based, innovative, and inclusive solutions across four strategic pillars: human well-being, wealth creation, wealth protection, and sustainability. PHOTO FROM DOST

During the Talakayang HeaRT Beat press conference last May 27, DOST featured the i-SULAT (Intelligent Stroke Utilization, Learning, Assessment and Testing) of the University of Santo Tomas. This software-based system employs intelligent handwriting stroke analysis to deliver consistent, automated assessments of handwriting proficiency in early childhood.

Recognizing handwriting as a crucial developmental milestone tied to learning and neurological

health, i-SULAT provides accessible, standardized assessment tools, particularly valuable in areas with limited occupational therapy resources.

Another breakthrough initiative presented is the development of Immersive Gamification Technology Systems (ImGTS), which consists of two projects. This is designed to enhance rehabilitation for two distinct patient groups – children with cerebral palsy (CP) and mobility limitations, and patients with Alzheimer’s disease experiencing behavioral psychological symptoms of dementia (BPSD).

The University of the Philippines Manila leads the study on ImGTS for pediatric CP rehabilitation, demonstrating how gamified experiences can support physical therapy. There is also research on ImGTS as a potential tool to mitigate BPSD in Alzheimer’s patients.

Another initiative, the HealthPH Project of the National University of Manila, focuses on real-time surveillance of respiratory disease trends through machine learning and natural language processing. By analyzing social media discussions in English, Filipino, and Cebuano, the HealthPH dashboard enables proactive monitoring of emerging respiratory outbreaks.

For more information, visit www.pchrd.dost.gov.ph.

In this podcast, Motley Fool analysts Jason Moser and Matt Argersinger discuss:

• Okta‘s good quarter versus the market’s glass-half-empty reaction.
• Dick’s Sporting Goods brings the goods, though the acquisition of Foot Locker leaves some questions.
• Vail Resorts has new “old” leadership, but will it be enough?

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. When you’re ready to invest, check out this top 10 list of stocks to buy.

A full transcript is below.

This podcast was recorded on May 28, 2025.

Jason Moser: We’ve got security and sports. You’re listening to Motley Fool Money. Welcome to Motley Fool Money. I’m Jason Moser and joining me today is senior analyst in dividend aficionado Thanks for being here, man.

Matt Argersinger: You bet, Jason. Thanks for having me.

Jason Moser: Well, we’ve got an earnings stacked show today. We’re going to talk about Dick Sporting Goods as well as Vail Resorts. But we’ll begin with identity solutions expert Okta. The company reported earnings yesterday after the market closed, and the stock is down, Matty, on what seems like a pretty solid report.

Matt Argersinger: Well, Jason, that’s what double digit revenue growth, record up profits, and reaffirming full year guidance will get you this earning season,[laughs] double digit town dater stock. Now, the stock is down sharply, but it actually is just back to levels we saw at the end of March, less than two months ago. I think it hit like a post 2022 bear market high recently. The stock has been on absolute tear. I don’t think investors should get worried here. I don’t follow the company as closely as other analysts here at the fool, but I think expectations for a company like Okta are always going to be very high just because of the growth it tends to put up.

Jason Moser: I wonder, too, how many out there maybe think that management might be sandbagging just a little bit. Revenue growth of 12%, remaining performance obligations, up 21%. The company continues to grow profits and cash flow. Matty, I can think of worse things. Now, that’s said. I absolutely pulled forward a lot of growth in 2020 and 2021, as many did. It does seem reasonable that things would level off a bit with this business. Now, I want to dig into some of the metrics that matter for companies like these. Now, metric, with a lot of these SAS businesses, it’s one that matters a lot, I think. It’s large customers. All of the companies, they define this a little bit differently. It’ll be customers that spend $100,000 or more per year or maybe it’s 300,000.

But then you see these companies start pointing out those million dollar plus customers, and in the call, they noted in the quarter, the number of customers spending $1 million or more in annual recurring revenue with Okta grew 20%. Now, when you couple that with what some of their customers look like, this is a pretty impressive client roster. Some of these companies you may have heard of Amazon Web Services, DocuSign, Google, SalesForce, Zoom Video Communications, you get where I’m going here. How important is the large customer for Oktas business today?

Matt Argersinger: I think it’s key, and like you said, it’s key for a lot of these software companies. That’s where a company like Okta can really scale its offerings and earn higher margins. You mentioned the number, the $1 million spend, growing 20% or more, and that’s why I think CEO Tom McKinnon said on the call that I think the single biggest opportunity for the company is that large enterprise customer base, and he thinks Okta has wide market opportunity within the fortune, I guess, 2,000 or the top 5,000 companies that would potentially be Okta customers. He thinks they’re far from reaching that potential within that customer segment. If they keep putting up 20% numbers, with customers that are spending $1 million or more in annual recurring revenue, that is going to look very good for Okta going forward.

Jason Moser: It seems it would be the case. Now, we talk a lot about competition in this space, obviously, very competitive in cybersecurity. Some of the obvious names that we continue to talk about here at the fool, companies like CrowdStrike, ZScaler or even Palo Alto Networks. But one that I think probably most investors don’t initially connect the dots to is Microsoft. I think part of that is because, Microsoft does so many different things and does a lot of it well. But Microsoft, in this case, is a formidable competitor, and they can do it all, and they can bundle these identity solutions at competitive prices. We’ve seen them pull that off with teams to an extent. That’s certainly threatened Zoom to a degree, and I think Slack, as well. How effectively are they competing in this space? Particularly in regard to larger enterprise customers. How big of a threat really is Microsoft, in this case?

Matt Argersinger: I think Microsoft is always a big threat, weirdly, it’s not going to be a threat to the larger customers that Okta is going after. If you think about companies like Amazon, Alphabet, Salesforce, Okta customers, they don’t want to go anywhere near Microsoft, which is a major competitor in a lot of their markets. If they’re going to avoid it, they can. So I like that Okta doesn’t compete even directly with most of its large customers. It’s singularly focused on identity and security solutions versus Microsoft, which, of course, does everything. I think that’s compelling. When you’re a software company that is a leader in a specific vertical and you don’t have these tentacles going out in so many different places that could potentially encroach on your customers markets, you’re going to have a lot easier time selling and growing your solution. I do think as long as Okta does a great job within its own market and verticals, it should have no problem competing against Microsoft, which it’s saying a lot just how big Microsoft is. But I do think Okta can continue to succeed.

Jason Moser: I think that makes a lot of sense, what you’re saying too, is a lot of these companies, they don’t want to put all of their eggs in one basket and management spoke to that last quarter. They acknowledge that Microsoft is this big competitor out there, but by the same token, they also acknowledge that most of their customers, they don’t want to just wrap everything up with Microsoft because then you get in that single point of failure risk, and that could be a big problem, especially for these bigger customers. To me, I also look at Okta. It’s business as I follow somewhat closely. I’ve recommended it in our Next Gen Supercycle service several years back. It’s a founder led business. Feels like we need to talk about leadership here a little bit. Tom McKinnon, co founder and CEO of the business. He’s been the CEO of the company since they went public in 2017. I have to say, it seems to me he’s done a very good job. There was the Of Zero acquisition a little while back that brought some questions up. They paid a heavy price for that one, but it sounds like Of Zero is working out well. Have you take on leadership there? How much do you value that founder led dynamic?

Matt Argersinger: I think it’s always important, it’s always positive. If you have the founder and visionary at the helm. You mentioned the IPO in 2017. Well, Okta is up 400% since that IPO. I think investors are pretty pleased. Now, I know the stock is down quite a bit from its 2021 high. It still hasn’t gotten back to that.

Jason Moser: A lot of them are, Matty.

Matt Argersinger: No, of course. We just know the bloodbath that 2022 was for technology companies. Many of them haven’t reclaimed those previous highs. But still, even with that, 400% up since 2017, crushing the market. I think that’s a pretty good testament to how McKinnon is running the business, for sure.

Jason Moser: Absolutely. Well, Dick Sporting Goods reported earnings this morning as well. Diving in here, it’s a fairly muted reaction from the market stocks up a little bit today. You look at this report, it seemed like a pretty good report in the face of a very tricky retail environment these days. I think that we look at Dick Sporting Goods. The numbers they’ve lobbed up here, revenue up 5.2% from a year ago, comps up 4.5%. I think even more encouraging leadership maintained guidance for the full year, which in the current tariff environment, could be considered a big win. Now, we’ve seen a variety of responses from the market, but it comes to retail these days, specifically how exposed they are, of course, to the current tariff environment. Do you think Dick Sporting Goods is at greater risk than others here?

Matt Argersinger: I would think they are, Jason, only because, well, management hasn’t really disclosed, at least as far as I could find exactly how much inventory they source from places like China that had been subjected to the higher tariffs. But we do know that a competitor like Academy Sports and Outdoors gets about 50% of its inventory from China. I would expect it’s in that ballpark for Dick’s as well. The good news is that I think management has done a good job of diversifying its Dick’s sourcing in recent years. Like you said, the fact that management is reaffirming full year guidance, even factory the higher 30% tariff on Chinese goods right now that we know is still in place, I think that shows how far they’ve come, and on top of that, they’re actually calling for a 75 basis point increase in gross margins this year. Now, price increases will almost certainly play a role in that, but it doesn’t sound like it’s going to be high enough to really impact customer spending, at least they don’t think it will. Just something to keep in mind for investors. Management’s guidance is based on the existing tariff policy.

Jason Moser: I was going to bring that up.

Matt Argersinger: In this 90 day pause. I think people forget we’re in this 90 day pause period as these reciprocal trade agreements, especially Visa V China are being negotiated. Who knows what will come in July once that all comes to a head. I think the picture could still change significantly over the next couple of months, but it is nice to see that Management is reaffirming guidance.

Jason Moser: I had to bring a little snip in from the call there because I’m glad you referred to that because that’s exactly what I was thinking. They said on the call, with all of this in mind, we are reaffirming the guidance we provided for 2025, which includes the expected impact from all tariffs currently in effect. That’s the key phrase can change on a dime. We know this is just a very headline driven market, and tomorrow we will probably another headline that changes the calculus completely. But I guess for now at least, it seems like the company is going in the right direction. Now, I think the big news with Dick Sporting Goods here recently, the company made a big announcement a few weeks back. It’s going to acquire Foot Locker. Did you notice anything on the call? What did management have to say about that on the call? Because one of the things I found interesting in this deal is that Foot Locker shareholders can either take an all cash offer or they can take shares in Dick Sporting Goods. You don’t often see shareholders getting those types of options. It’s usually one or the other, isn’t it?

Matt Argersinger: I do like that shareholders are getting the option there, because clearly, there are some investors who are going to be less favorable to the acquisition and rather just take the cash and move on. Others probably see the opportunity to own shares in Dicks going forward, which has obviously been a real superior operator in the Sporting Goods space. I kind of like that Dick’s is giving that option. I hope other companies do that, as well. Turning to the acquisition itself, Dick’s management is obviously pretty high on it. They think it gives them access to new markets, a different customer base. They think they can drive scale and efficiency across the Foot Locker business, capturing somewhere they think on the order of 100 million and 125 million in cost synergies. There’s that word I don’t like, but they think they can get it. they think the deal will be accretive to earnings per share in the first full fiscal year after the acquisition is closed. I don’t know, Jason. My problem is, I just can’t get over the disparity here in the real estate footprint for one.

Dick’s has specialized and succeeded with this big box stand-alone store concept. Heck, it’s even expanded on that in recent years with its massive House of sports concept. I don’t know if you’ve ever been to any of these, but these are massive stores. They’ve got climbing gyms, batting cages. I think even have ice rinks in them. But now you’re taking on this massive new network of smaller stores. In some cases, less than a tenth of the size of your average store, they’re largely located in malls, and of course, Foot Locker is much more focused on shoes. Yes, it’s still sports. It’s still within that overall category, but it just feels like a very different concept and business model. I’m not sure how excited I would be about the deal if I was a Dick shareholder. I just feel like a reach.

Jason Moser: They are two very different concepts, playing in the same sandbox, but very different concepts. I think you’re right in that it’s going to be something to pay close attention to how they manage that smaller store footprint because it gives them a lot of additional stores, but these are much, much smaller stores. Like you said, they focus on shoes. I think in regard to pricing, like you mentioned earlier, we saw news recently that Nike is going to be passing through some price increases, mostly on higher end items. They’re going to forgo price increases on things like kids apparel and goods and whatnot. But it’ll be interesting to see how companies like Dick Sporting Goods and in footlocker of handle those price increases and how sensitive consumers really are in regard to those. Matty, let’s wrap it up with your well, I don’t want to call it your favorites, but it’s a company you followed for a long time, and I’ve spoken with you a lot about it before. Vail Resorts, having a great day today, it seems like that’s at least partly due to a change in leadership. But on a semi related note, Matty, I’ve noticed it’s still a wee bit chilly here in Northern Virginia as we prepare to enter June. It begs the question, is Vail benefiting from a longer season this year?

Matt Argersinger: It was a little bit of a better ski season than they’ve had in recent years. that is a positive takeaway. Let’s get to the leadership change. That’s the real reason the stock is moving. Let me first give a shout out to Anthony Shavon. He’s my partner in crime on our Dividend Investor Service. He’s been on this story for the better part of a year. In fact, we put Vail Resorts on hold in our service a while ago, feeling the company had just expanded too fast, taken on a lot of debt. Bought back billions of dollars worth of stock at prices, in some cases are 100% higher to where Vail was trading at earlier this week. We just didn’t like the direction the company was going. We did eventually bring the stock back to a buy on the idea that Vail is probably going to make a change at CEO, and sure enough, that is exactly what happened. I think the reason the stock is getting such a positive reaction is because of who they are bringing back. It’s Rob Katz. He’s the executive chairman of the board. He was the CEO from 2006-2021, 15 years where Vail’s business boomed, its stock delivered at a total return of more than 1,100%, almost triple the S&P 500. I think what the market sees in Katz is someone who obviously had a very successful tenure as CEO.

He’s probably going to pull back the reins on Vail’s expansion, really focus on making the business more efficient and profitable, and someone who could just solve some of those vexing problems that Vails had at some of its resorts, including overcrowding, a lot of its lifts, the labor challenges that ran to this past season where they had strikes, which was not a great experience for obviously, visitors of the resort. It’s a tall order, but I think he knows the company in and out. He’s been with Vail since 1991, yet he’s only 58-years-old. I think investors are right to be enthusiastic. It was also encouraging to see that Vail did reaffirm its guidance that it gave back in April. That guidance was lower than what Vail gave coming into the year. But the fact that results weren’t lowered is a good sign, I think, and we’ll get the full picture when Vail reports fiscal third quarter results next week. One thing to watch. However, Anthony and I do think there’s a reasonable chance that Vail cuts the dividend or even suspends it. Prior to the announcement and the jump in the stock price, Vail was yielding more than 6.5%, and the current dividend payout that it’s promising this year exceeds what Vail is expecting to earn this year, which, of course, is usually a red flag. As dividend investors, we hate when companies cut their dividend. I hate it, but I think it almost is inevitable now, and I could see Katz wanting to preserve cash flow, strengthen the balance sheet, have capital to reinvest back in some of its resorts. There might be a short term negative reaction when that happens, but it probably is the right long term call for the business.

Jason Moser: It’s a nice tip of the cat there to Ant. We love Van here. Nice job. Mattie, before we go, last thing, talking about this leadership change with Vail Resorts, it got me thinking, and given the success that Rob Katz has had to this point, given the response we’re seeing from the market today, is it possible? Do you feel like Vail could have a cat’s problem like Disney or Starbucks with Iger and Schultz?

Matt Argersinger: I think it’s a great question, Jason. I will say this. I think the fact that he’s only 58-years-old, I feel like the succession questions can be put off a little bit. I don’t know how long he’s intending to come back, but he’s still relatively young. He was the CEO for a long time. He’s been the executive chairman since he stepped down in 2021, so he’s intimately familiar with the business. It’s not like he’s coming back in from being somewhere else. I just I don’t think those questions will come up as frequently as they have for, you know, for Bob Iger or Schultz over at Starbucks. So we’ll see how this turns out, but I think Katz is here to stay for a while.

Jason Moser: We’ll leave it there. Matt Argersinger, thanks so much for being here.

Matt Argersinger: Thanks, Jason

Jason Moser: As always, people on the program may have interest in the stocks they talk about, and the Motley Fool may have formal recommendations for or against, so don’t buy or sell stocks based solely on what you hear. All personal finance content follows Motley Fool editorial standards and/ or not approved by advertisers. Advertisements or sponsored content are provided for informational purposes only. To see our full advertising disclosure, please check out our show notes. I’m Jason Moser. Thanks for listening. We’ll see you tomorrow.

All products featured here are independently selected by our editors and writers. If you buy something through links on our site, Mashable may earn an affiliate commission.

SAVE $20: As of June 2, the Fitbit Inspire 3 is on sale for $79.95 at Amazon. That’s 20% off its list price of $99.95.

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Credit: Fitbit

Fitbit Inspire 3

$79.95 at Amazon
$99.95 Save $20

Get Deal

A fitness tracker is a great investment for active individuals. Especially with summertime right around the corner and spending more time outdoors, it’s a great way to keep track of your progress. Thankfully, there are some great deals available at the moment, including on our favorite budget fitness tracker.

The Fitbit Inspire 3 has received a 20% discount at Amazon that’s dropped its price from $99.95 to $79.95. This deal applies to multiple color options as well, so you can choose between the midnight zen/black band, the lilac bliss/black band, or the morning glow/black band. That’s not all, though. Your purchase also comes with a two-month Audible Premium Plus free trial. This is only available to new subscribers, though.

SEE ALSO: The Garmin Forerunner 265 is still at its best price at Amazon with $100 off

Alongside a slim design to fit on your wrist, the Fitbit Inspire 3 boasts a wide variety of features to help you out throughout the day. These include all-day activity tracking, 24/7 heart rate tracking, sleep tracking, always-on wellness tracking, and a daily Stress Management Score, just to name a few. As mentioned before, we consider it the best budget fitness tracker in our roundup of the best fitness trackers, saying “It has a comprehensive suite of health and fitness tracking features, a slim, low-profile design, and a straightforward user interface that makes it a great pick for most people.”

It’s currently listed as a limited-time deal, so don’t miss out on 20% off the Fitbit Inspire 3 at Amazon.

Looking for more fitness tracker or smartwatch deals? Amazon has had quite a few Garmin deals worth checking out recently, including deals on the Garmin Lily 2 and the Garmin Forerunner 955.

The best deals this week, hand-picked by Mashable’s team of experts

WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

Geneva, Switzerland, June 2, 2025 -WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its management team will be presenting at the Maxim Group 2025 Virtual Tech Conference “Discover the Innovations Reshaping Tomorrow.”

WISeKey’s fireside chat presentation is scheduled for June 3^rd at 8:30 am ET. Investors can access the live presentation via the following link: https://m-vest.com/events/tmt-06032025.

During the presentation, Carlos Moreira, WISeKey’s Founder and CEO, will provide a progress update on WISeKey’s platform as it advances through the “Year of Convergence,” integrating its subsidiaries’ cybersecurity offerings: (WISeID) digital identification, (SEALSQ) post-quantum technology, (WISeSAT) satellite constellation, and (SEALCOIN) tokenization projects into the Company’s revenue stream.

About WISeKey

WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Press and Investor Contacts

Vivek Singh, Sr. Vice President of IT & Strategic Planning Palayekar Companies Inc.

Mental health is no longer a luxury reserved for large corporations—it’s a strategic necessity for any company aiming to retain talent and build sustainable workplaces.

As a young tech leader, I didn’t fully grasp the depth of this issue. But in February 2020, I had the privilege of attending a reception at the United Nations Headquarters in New York City. The event was organized by the World Youth Group under the theme #IAmWithYou.

At this gathering, I started to understand the necessity of bringing awareness to and finding solutions for the global rise in emotional and mental health issues. All business leaders must think more about how to design our modern work environments for human well-being. In the tech industry, we may be among the worst offenders.

The Numbers Don’t Lie

The U.S. Department of Health and Human Services (HHS) recently reported that 76% of U.S. workers have experienced “at least one symptom of a mental health condition,” and 84% believe their workplace conditions contributed to it.

This issue impacts businesses: 81% said they’ll seek future employers that support mental well-being. Also, according to the World Health Organization (WHO), anxiety and depression alone cost the global economy over $1 trillion annually in lost productivity.

Despite this, most small and medium-sized enterprises (SMEs) still lack structured wellness programs.

One of the big challenges for the tech industry, in particular, is the role that physical exercise plays in mental health. The WHO recommends “at least 150 minutes of moderate-intensity physical activity per week,” a goal that often feels out of reach in sedentary office settings.

The first step in addressing this issue for leaders in the tech industry is to recognize our teams in these statistics: long hours, screens everywhere and no real pause to move.

A Wake-Up Call For The Tech Industry

The #IAmWithYou gathering in 2020 planted the seed for what is now growing into a formal United Nations resolution: International Sports Week. The resolution proposes an annual observance from April 5 to April 9, encouraging governments to invest in sports, physical activity and recreational programs.

All tech companies should take part in this week, but we must also think about how to incorporate physical activity into our offices year-round.

It’s not rocket science: Physical activity improves how we feel, think and work. Think back to your childhood—the joy of playing outside, the energy, the freedom. That wasn’t just fun—it was emotional clarity, mental release and health in motion.

Physical activity is more than fitness; it’s a catalyst for stress relief, connection and sharper thinking. Data from the HHS and the Centers for Disease Control (CDC) reinforce the same truth: Lower stress leads to higher focus, creativity and long-term performance.

To solve this crisis, the tech industry must stop viewing wellness as an HR checkbox and start treating it as part of our infrastructure.

To begin, draw inspiration not only from other companies but also—crucially—from non-tech models. For example, the WHO’s SME Wellness Guide offers several actionable tips on how to incorporate physical activity in the workplace. Likewise, college athletics programs can provide excellent examples for improving wellness and mental health in teams.

Once you’ve got a solid plan, every tech leader should embrace these three mantras:

• Mental health is a business imperative, not a benefit.

• Physical activity is a strategic investment, not extracurricular.

• Workplace design must evolve—from screen-bound to human-centered.

The next generation of talent isn’t chasing beanbags or Ping-Pong tables. They’re seeking workplaces that genuinely care about their well-being. As leaders, we must lighten the load—not add to it. It’s time to stop treating wellness as an afterthought. Let’s embed it into the way we work, lead and live.

Because when movement shapes our culture, we don’t just build better companies—we cultivate healthier, more resilient people.

Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

Global Home Fitness Equipment Market

“
Introduction:

The Home Fitness Equipment Market is experiencing robust growth, driven by a confluence of factors that include an increasing emphasis on personal health and wellness, advancements in fitness technology, and a shift towards more convenient workout solutions. Technological innovations, such as interactive fitness platforms, virtual reality integration, and personalized training programs, are transforming the way people exercise at home, making it more engaging and effective. The market’s growth is also fueled by a rise in disposable income in many regions, allowing consumers to invest in high-quality fitness equipment. Furthermore, the market plays a crucial role in addressing global challenges related to sedentary lifestyles and rising rates of obesity and chronic diseases. By providing accessible and convenient workout options, the Home Fitness Equipment Market empowers individuals to take control of their health and well-being. The COVID-19 pandemic further accelerated the adoption of home fitness solutions, as lockdowns and social distancing measures restricted access to traditional gyms and fitness centers. This shift in consumer behavior is expected to persist, as individuals increasingly appreciate the flexibility and convenience of working out in the comfort of their own homes. The market is continuously evolving with new products, technologies, and business models emerging to cater to diverse consumer needs and preferences. As the population ages, the demand for home fitness equipment suitable for older adults is also expected to rise, further driving market growth.

Get the full PDF sample copy of the report: (TOC, Tables and figures, and Graphs) https://www.consegicbusinessintelligence.com/request-sample/1409

Market Size:

The Home Fitness Equipment Market size is estimated to reach over USD 19,911.38 Million by 2031 from a value of USD 11,461.75 Million in 2023, growing at a CAGR of 7.1% from 2024 to 2031.

Definition of Market:

The Home Fitness Equipment Market encompasses the sale and distribution of various types of equipment designed for physical exercise and fitness activities within a residential setting. This market caters to individuals seeking convenient and personalized workout solutions outside of traditional gyms or fitness centers. Key components of this market include a wide range of products, such as treadmills, elliptical machines, exercise bikes, rowing machines, and strength training equipment, among others. These products are designed to cater to different fitness levels, exercise preferences, and space constraints within the home environment.

Key terms related to this market include:

Treadmills: Machines that allow users to walk or run on a moving belt.

Elliptical Machines: Stationary exercise machines used to simulate walking, running, or stair climbing without causing excessive pressure to the joints, hence decreasing the risk of impact injuries.

Exercise Bikes: Stationary bikes used for cardiovascular exercise.

Rowing Machines: Machines that simulate the action of rowing for a full-body workout.

Strength Training Equipment: Equipment designed to build muscle strength and endurance, including weights, resistance bands, and multi-gym systems.

Connected Fitness: Equipment that integrates with digital platforms and apps to provide personalized training programs, track progress, and connect with other users.

The market also involves related services, such as installation, maintenance, and online fitness classes or coaching offered through digital platforms and mobile apps.

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Market Scope and Overview:

The scope of the Home Fitness Equipment Market is broad, encompassing various technologies, applications, and industries. The market includes equipment utilizing both traditional mechanical designs and advanced technologies like smart sensors, digital displays, and connectivity features. These technologies enable users to track their workout progress, access personalized training programs, and connect with online communities, enhancing the overall fitness experience. The applications of home fitness equipment span across different demographics and fitness goals, ranging from basic cardiovascular exercise to advanced strength training. Industries served by this market include fitness equipment manufacturers, retailers, online marketplaces, and digital fitness service providers. The market caters to individual consumers, as well as residential facilities like apartments and condominiums with shared fitness spaces.

The Home Fitness Equipment Market plays a vital role in the larger context of global trends related to health, wellness, and technology. With an increasing awareness of the importance of physical activity and a growing demand for convenient workout solutions, the market is well-positioned to address the needs of a health-conscious population. The rise of digital fitness platforms and wearable devices further complements the growth of the market, creating a connected ecosystem that encourages users to stay motivated and engaged in their fitness journey. As technology continues to advance and consumer preferences evolve, the Home Fitness Equipment Market is expected to remain a dynamic and innovative sector within the broader health and wellness industry. The market contributes to reducing healthcare costs associated with sedentary lifestyles and promoting preventive healthcare measures. It also aligns with the growing trend of personalized fitness, where individuals seek customized workout programs and equipment tailored to their specific needs and goals.

Market Segmentation:

The Home Fitness Equipment Market can be segmented based on several factors, providing a deeper understanding of its dynamics:

By Product Type:

Treadmills: Popular for cardiovascular workouts, offering adjustable speed and incline.

Elliptical Machines: Provide low-impact, full-body workouts, minimizing joint stress.

Exercise Bikes: Suitable for various fitness levels, offering adjustable resistance and cardiovascular benefits.

Rowing Machines: Provide a full-body workout, engaging multiple muscle groups and enhancing cardiovascular fitness.

Strength Training Equipment: Includes weights, resistance bands, and multi-gym systems for muscle building and strength enhancement.

Others: Includes accessories, fitness trackers, and specialized equipment.

By Price Range:

Low: Entry-level equipment, often with basic features and functionalities.

Medium: Mid-range equipment, offering a balance of features, durability, and performance.

High: Premium equipment, featuring advanced technologies, high-quality materials, and superior performance.

Each segment contributes to market growth by catering to different consumer needs and preferences, with product type segmentation reflecting the variety of workout options available and price range segmentation reflecting the affordability and features offered across different equipment categories.

Market Drivers:

Increasing Health Awareness: Growing awareness of the benefits of physical fitness and healthy lifestyles.

Technological Advancements: Innovation in fitness equipment, including interactive features, connectivity, and personalized training programs.

Rising Disposable Income: Increased purchasing power, enabling consumers to invest in home fitness equipment.

Convenience and Accessibility: The convenience of working out at home, eliminating the need for gym memberships and travel.

Impact of COVID-19 Pandemic: Temporary closure of Gyms and Fitness centres leading to an increased demand for home fitness equipment.

Market Key Trends:

Connected Fitness: Integration of digital platforms, wearable devices, and online communities for enhanced engagement and personalized training.

Virtual Reality (VR) Fitness: Immersive workout experiences using VR technology.

Space-Saving Designs: Compact and foldable equipment for smaller living spaces.

Subscription-Based Models: Fitness equipment companies offering subscription services with access to online classes and training programs.

Demand for Multi-Functional Equipment: Equipments such as Adjustable dumbbells and Cable machines that can perform a variety of workouts.

Market Opportunities:

Expansion of Connected Fitness Offerings: Developing more interactive and personalized digital fitness experiences.

Targeting Niche Markets: Catering to specific demographics, such as older adults, individuals with disabilities, or those with specific fitness goals.

Integration of Artificial Intelligence (AI): Using AI to provide personalized workout recommendations and adaptive training programs.

Development of Sustainable Equipment: Creating eco-friendly fitness equipment using recycled materials and energy-efficient designs.

Expansion into Emerging Markets: Tapping into the growing demand for home fitness solutions in developing countries.

Innovations: Developing new exercise techniques to suit sedentary lifestyle such as under desk elliptical and compact treadmills.

Market Restraints:

High Initial Costs: The upfront cost of some home fitness equipment can be a barrier for some consumers.

Space Limitations: Lack of space in homes can restrict the purchase of larger equipment.

Maintenance and Repair: The cost and complexity of maintaining and repairing home fitness equipment.

Lack of Motivation: Some individuals may struggle to stay motivated without the social environment and guidance of a gym or fitness class.

Market Challenges:

The Home Fitness Equipment Market, while exhibiting strong growth potential, faces a number of significant challenges that could impact its future trajectory. One of the primary challenges is the intense competition among manufacturers and retailers. The market is highly fragmented, with numerous players offering a wide range of products and services. This competition can lead to price wars, reduced profit margins, and increased pressure to innovate and differentiate offerings. Another significant challenge is the rapid pace of technological advancements. New technologies and digital fitness solutions are constantly emerging, requiring companies to invest heavily in research and development to stay ahead of the curve. The integration of artificial intelligence, virtual reality, and personalized training programs demands significant expertise and resources, which may be a challenge for smaller players in the market.

The changing consumer preferences and expectations also pose a challenge. Consumers are increasingly demanding more personalized, engaging, and convenient fitness experiences. They expect equipment to be not only functional but also aesthetically pleasing and seamlessly integrated into their home environment. Meeting these evolving expectations requires manufacturers to invest in design, user experience, and connectivity features. Furthermore, the market faces challenges related to sustainability and environmental concerns. Consumers are becoming more conscious of the environmental impact of their purchases and are seeking eco-friendly and sustainable products. The manufacturing and disposal of fitness equipment can contribute to environmental pollution, requiring companies to adopt sustainable practices and develop environmentally responsible products. The market also faces challenges related to data privacy and security. Connected fitness equipment generates a significant amount of personal data, including workout habits, biometric information, and location data. Protecting this data from cyber threats and ensuring consumer privacy is crucial for maintaining trust and credibility. The economic uncertainties and fluctuations in consumer spending can also pose challenges to the market. Economic downturns can lead to reduced discretionary spending, impacting the demand for home fitness equipment. Maintaining affordability and offering flexible financing options can be critical for navigating economic uncertainties.

Market Regional Analysis:

The Home Fitness Equipment Market exhibits varying dynamics across different regions, influenced by unique factors such as economic conditions, cultural preferences, and health awareness levels. North America is a major market, driven by high disposable incomes, a strong emphasis on health and fitness, and the presence of leading fitness equipment manufacturers. Europe also represents a significant market, with a growing focus on wellness and an increasing adoption of home fitness solutions. The Asia-Pacific region is experiencing rapid growth, fueled by rising disposable incomes, increasing urbanization, and a growing awareness of the benefits of physical activity. China and India are key markets in this region, with a large and increasingly health-conscious population. Latin America and the Middle East & Africa are also showing growth potential, driven by rising incomes, urbanization, and changing lifestyles. However, these regions may face challenges related to economic instability and limited access to advanced fitness technologies. The regulatory environment and government initiatives promoting health and fitness can also influence market dynamics in different regions.

Frequently Asked Questions:

What is the projected growth rate of the Home Fitness Equipment Market? The Home Fitness Equipment Market is projected to grow at a CAGR of 7.1% from 2024 to 2031.

What are the key trends in the market? Key trends include connected fitness, virtual reality fitness, space-saving designs, and subscription-based models.

What are the most popular Market types? Treadmills, Elliptical Machines, Exercise Bikes and Strength Training Equipment are the most popular market types.

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