Meditation Market Is Projected To Grow From USD 5295.07 Million In 2022 To USD 20532.44 Million By 2030

The global market for meditation witnessed a valuation of USD 4471.2 million in 2021 and is projected to grow from USD 5295.07 million in 2022 to USD 20532.44 million by 2030, with a compound annual growth rate (CAGR) of 18.5% during the forecast period of 2023 to 2030.

The growth of the market can be attributed to various factors including the increasing public awareness regarding the mental and physical health benefits of meditation, the expansion of fitness centers, and the availability of learning resources. Additionally, the rising healthcare expenses and advancements in innovation and technology contribute to the market growth.

In the United States, meditation has gained popularity, partly due to the success of apps like Calm and Headspace. To cater to the growing demand, meditation centers and yoga studios have adopted new technologies to make their services more accessible, following the trend observed in other personal service businesses affected by the pandemic.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝘁𝗼 𝗴𝗲𝘁 𝗮𝗻 𝗶𝗱𝗲𝗮 𝗼𝗳 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.marketdigits.com/request/sample/141

𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗱𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
The meditation market is categorized based on various factors including products, meditation types, types, end-use, and regions. In terms of products, the market includes meditation programs & workshops, online courses, websites, apps, books, and yoga centers. The meditation types comprise spiritual meditation/transcendental meditation, metta meditation, breath awareness meditation, zen meditation, progressive relaxation/body scan meditation, mindfulness meditation, and kundalini yoga. End-use categories include home setting, meditation, and corporate/colleges/schools. The market is further segmented by region into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:
The dominant segment in the global meditation market is apps, and it is expected to maintain its dominance throughout the forecast period. This growth is attributed to the rapid development of electronic apps, including free mobile meditation apps, and the increasing research and development initiatives by developers. However, yoga centers are also expected to hold a significant market share in the future due to their quick expansion and accessibility to the general public.

𝗧𝘆𝗽𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:
Within the types of meditation, the open monitoring segment is projected to experience rapid growth during the forecast period. This can be attributed to the increasing popularity of meditation types that offer significant benefits such as eliminating mental biases, enhancing emotional intelligence, and achieving cognitive excellence. Additionally, open monitoring meditation is frequently utilized to reduce tension, stress, and feelings of sadness.

𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗱𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀
In 2021, the North America region emerged as the dominant force in the meditation market and is projected to maintain its dominance throughout the forecast period. Within the region, the United States holds the highest market share. The region's leadership is attributed to several factors, including a significant population of individuals with mental illnesses, the presence of numerous meditation workshops and activities, and the rapid growth of yoga studios. Moreover, the region's emerging countries are expected to witness an increase in disposable income in the coming years, leading to a rise in spending on mental health development.

𝗠𝗮𝗸𝗲 𝗮𝗻 𝗶𝗻𝗾𝘂𝗶𝗿𝘆 𝗳𝗼𝗿 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.marketdigits.com/request/enquiry-before-buying/141

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗱𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: These major companies employ various strategies to increase their market shares and product lines, such as developing innovative products and technologies and increasing investments in research and development. In May 2021, MOBIO INTERACTIVE announced the introduction of personalized therapy for COVID-19 patients to improve their mental well-being and reduce stress and anxiety levels.

𝗧𝗼𝗽 𝗣𝗹𝗮𝘆𝗲𝗿'𝘀 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝘀
• Headspace
• Calm
• Insight Timer
• The Mindfulness App
• Breethe
• Simple Habit
• Stop, Breathe & Think
• 10% Happier
• Buddhify
• Smiling Mind
• Aura
• Sattva
• Chopra Center
• Omvana
• Muse
• Welzen
• Pacifica
• YogaGlo
• Gaia
• Glo

𝗥𝗲𝗰𝗲𝗻𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀
• In 2022, Headspace, a meditation and mindfulness company, received $53 million in equity funding as part of its Series C funding round from Times Bridge Company. Times Bridge, a global investments and partnerships firm, aims to assist Headspace in entering and expanding its presence in India, which is the second-largest internet market in the world.
• In 2020, the popular meditation app, Calm, secured additional funding at a valuation of $2 billion. The funding round was expected as it was previously reported that the company was seeking up to $150 million at a valuation of $2.2 billion. This funding comes after a period of strong venture capital performance for companies focusing on mental health.

𝗚𝗲𝘁 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗮𝘁: https://www.marketdigits.com/request/discount/141

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗲𝗱𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁:
• The integration of smart technology and increased awareness of meditation are driving the growth of meditation applications. The demanding and stressful nature of daily activities motivates individuals to explore meditation, leading to an increased demand for meditation applications during the forecast period.
• Recent studies have shown the numerous benefits of meditation, even with just a 10-minute practice. These benefits range from pain management and blood pressure regulation to reducing symptoms of depression. The growing recognition of these benefits and the positive outcomes from regular meditation practice are expected to drive the adoption of meditation as a part of individuals' daily lives.

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This release was published on openPR.