Meditation can be defined as a set of techniques that are intended to encourage a heightened state of awareness and focused attention. Meditation is also a consciousness-changing technique that has been shown to have a wide number of benefits on psychological well-being.
Meditation is a mind and body practice that has a long history of use for increasing calmness and physical relaxation, improving psychological balance, coping with illness, and enhancing overall health and well-being. Many studies have been conducted to look at how meditation may be helpful for a variety of conditions, such as high blood pressure, certain psychological disorders, and pain. A number of studies also have helped researchers learn how meditation might work and how it affects the brain.
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Data Bridge Market Research analyses that the Global Meditation Market is expected to grow at a CAGR of 18.5% in the forecast period of 2023 to 2030 and is expected to reach USD 23,192.12 million by 2030. Increasing adoption of Smartphones and reliance on digital platform is expected to create an opportunity for global meditation market.
Key Findings of the Study
Rise in Meditation Apps is expected to Drive the Market
The market is witnessing an upward trend in the popularity of meditation apps, and this trend is expected to be a driving force behind its continued growth. Meditation apps offer individuals convenient access to guided meditation sessions, mindfulness exercises, and meditation timers, making it easier for users to incorporate meditation into their daily routines. This accessibility has significantly contributed to expanding the user base of meditation, attracting both beginners and experienced practitioners.
Moreover, the integration of advanced technologies such as Artificial Intelligence (AI) and Virtual Reality (VR) into these apps enhances the overall user experience, personalizing meditation sessions and making them more engaging. This technological evolution is expected to further fuel the demand for meditation apps, as consumers seek immersive and tailored meditation experiences. As a result, businesses in the meditation app sector are poised to benefit from this growing trend, positioning the global meditation market for sustained expansion. In essence, the rise of meditation apps not only democratizes access to meditation but also contributes significantly to the market's overall growth trajectory by appealing to a tech-savvy and wellness-conscious consumer base.
Therefore, the burgeoning popularity of meditation apps is reshaping the landscape of the market. These apps are not only making meditation more accessible to a broader audience but are also incorporating cutting-edge technologies to enhance the user experience. Personalized solutions, and the demand for meditation apps are expected to continue their upward trajectory as individuals increasingly prioritize mental well-being and seek convenience. Businesses that seize this opportunity to innovate and provide high-quality meditation app experiences are well-positioned to capitalize on this growing market and are expected to drive market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Product (Apps, Websites, Books, Online Courses, Yoga Centers, Meditation Programs and Workshops), Meditation Type (Progressive Relaxation/Body Scan Meditation, Mindfulness Meditation, Breath Awareness Meditation, Spiritual Meditation/ Transcendental Meditation, Zen Meditation, Kundalini Yoga and Metta Meditation), Indication (Mental Condition (Stress/ Anxiety Disorders/Mood Dsorders/Depression) and Physical Condition (Pain/Insomnia/Asthma/Substance Abuse/Pregnancy)), Type (Open Monitoring, Focused Attention and Self-Transcending Meditation), Age Group (Adults and Children), Usage (Individual and Group), Information Use (Internet and Books/Newspaper/Articles), End Use (Home Setting, Meditation Centers and Corporates/Schools/Colleges)
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Countries Covered
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U.S., Canada, Mexico, U.K., Germany, Italy, France, Spain, Russia, Netherland, Switzerland, Turkey, Belgium and Rest of Europe, China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Smiling Mind (Australia), Inner Explorer Inc. (U.S.), Committee for Children (U.S.), Stop, Breathe & Think PBC (U.S.), Simple Habit, Inc.(U.S.), Calm (U.S.), Headspace Inc. (U.S.), Inscape (U.S.), Insight Network Inc.(U.S.), WAKING UP, LLC,(U.S.), MEDITOPIA(Turkey), BetterMe(Ukraine), Aura Health(U.S.), Sanity & Self(U.S.), TEN PERCENT HAPPIER(U.S.), Inward Inc(U.S.), Portal Labs Ltd.(U.S.), MOBIO INTERACTIVE(Singapore), MindfulnessEverywhere (U.K.) and among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The global meditation market is segmented into eight notable segments based on product, meditation type, indication, type, age group, usage, information source, and end use.
- On the basis of product, the market is segmented into apps, websites, books, online courses, yoga centres, meditation programs, and workshops.
In 2023, apps, websites, books, segment is expected to dominate the global meditation market
In 2023, the apps, websites, books, segment is expected to dominate the market with a market share 46.83% as these are easily accessible and user-friendly for beginners.
- On the basis of meditation type, the market is segmented into progressive relaxation/body scan meditation, mindfulness meditation, breath awareness meditation, spiritual meditation/transcendental meditation, zen meditation, kundalini yoga, and metta meditation.
In 2023, progressive relaxation/body scan meditation segment is expected to dominate the market
In 2023, the progressive relaxation/body scan meditation segment is expected to dominate the market with a market share of 37.77% because progressive relaxation yields a variety of benefits, including the development of a feeling of well-being, lowered blood pressure, and decreased muscle tension, thereby reducing the body's need for oxygen and reducing fatigue and anxiety.
- On the basis of indication, the market is segmented into mental condition (stress/ anxiety disorders/mood disorders/depression) and physical condition (pain/insomnia/asthma/substance abuse/pregnancy). In 2023, the mental condition (stress/ anxiety disorders/mood disorders/depression) segment is expected to dominate the market with a market share of 78.58%.
- On the basis of type, the market is segmented into open monitoring, focused attention, and self-transcending meditation. In 2023, the open monitoring segment is expected to dominate the market with 77.65% market share.
- On the basis of age group, the market is segmented into adults and children. In 2023, adults segment is expected to dominate the market with 89.90% market share.
- On the basis of usage, the market is segmented into individual and group. In 2023, individual segment is expected to dominate the global meditation market with 82.40% market share.
- On the basis of information source, the market is segmented into internet and books/newspaper/articles. In 2023, internet segment is expected to dominate the market with 92.60% market share.
- On the basis of end use, the market is segmented into home setting, meditation centers, and corporates/schools/colleges. In 2023, the home setting segment is expected to dominate the market with 78.81% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in global meditation market are Calm (U.S.), Headspace Inc. (U.S.), Inscape (U.S.), BetterMe (Ukraine), Aura Health (U.S.) and among others.
Recent Developments
- In November 2021, Insight Timer launched its new version of the application. This includes the mental health and mindfulness programs. This has helped the company to reach out to more communities in the world and tried to increase its revenue from the application.
- In November 2021, Headspace Inc., a global leader in mental health and well-being, announced its partnership with youth-focused non-profits Bring Change to mind, co-founded by actress & activist Glenn Close, and peer health exchange to launch the company’s new Headspace for Teens social impact initiative. Through this initiative, the company aims to provide a platform to help teens be kind to their minds. The program will focus on three key areas: acceptance, access, and action.
- In June 2021, Committee for Children announced the release of Second Step SEL for Adults, a new K–12 professional development program that supports educator well-being by providing school staff with the skills, knowledge, and resources they need to thrive in the workplace. This will help the company to increase the global presence with a new development program.
- In May 2021, BetterMe launched wheelchair workouts on Global Accessibility Awareness Day. This workout helped people who are physically disabled. This launch has helped the company to expand its application globally and increase its revenue in the market.
- In July 2019, as per the Los Angeles Times report, the Calm application crossed around 52 million downloads and has achieved one of the best meditation apps in mindfulness practices and helped people sleep peacefully with its music and session application. This has helped the company to increase its revenue through the application and reach globally.
Regional Analysis
Geographically, the countries covered in the global meditation market are U.S., Canada, Mexico, U.K., Germany, Italy, France, Spain, Russia, Netherland, Switzerland, Turkey, Belgium and Rest of Europe, China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global meditation market
North America is expected to dominate the global meditation market with a significant growth rate and a highest market share due to the presence of a large number of operating major players in the region and the increase in initiatives such as acquisitions, collaborations, and product launch by manufacturers to distribute their products efficiently to the consumer.
Asia-Pacific is the fastest-growing region in the global meditation market during the forecast period 2023-2030
Asia-Pacific is expected to register the highest growth rate in the global meditation market due to the growing number of players in the region and the increase in consumer demand.
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