Global Meditation Market

Global Meditation Market Size, Share, Growth Analysis, By Product(Apps, Websites), By Medication Type(Progressive Relaxation/Body Scan Meditation, Mindfulness Meditation), By Type(Open Monitoring, Focused Attention), By End-Use(Home Setting, Meditation Centers) - Industry Forecast 2024-2031

Report ID: SQMIG35F2009 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 126 | Figures: 77

Global Meditation Market News

  • In 2022, the Times Bridge Company invested $53 million of equity as its Series C funding into Headspace a meditation and mindfulness firm. According to the company, Times Bridge, a worldwide investments and partnerships firm, will help Headspace enter and grow in India, the second-largest internet market in the world.
  • In 2020, the famous meditation app Calm has acquired additional funding with a $2 billion valuation. Since it was revealed that the business was looking for up to $150 million at a $2.2 billion valuation, the round was anticipated. The funding follows a period of strong venture capital performance for firms with a focus on mental health.
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Meditation Market size was valued at USD 4471.2 million in 2019 and is poised to grow from USD 5295.07 million in 2023 to USD 20532.44 million by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).

The major players in the market are Smiling Mind, Waking Up, LLC, Stop, Inner Explorer Inc., Breathe & Think PBC, Aura Health, Inward Inc., Insight Network Inc., FeelVeryBien, s.a.s., BetterMe, Committee for Children, Sanity & Self, Portal Labs Ltd., Mindfulness Everywhere, MINDSET Brain Gym Yorkville, MOBIO INTERACTIVE, and others. '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'

The market is expected to develop at an exponential rate over the forecast period due to the rising knowledge of the hidden power of meditation and its unusual results for the health benefits of living a healthy life among both individuals and the general population globally.

The meditation application is developing as a result of rising smart technology integration and increased awareness of meditation. The extremely demanding and stressful nature of daily activities motivates people to learn more about meditation which is anticipated to drive the demand for meditation applications over the forecast period.

North America region dominated the meditation market in 2021 and is expected to maintain its dominance throughout the forecast period, with US alone accounting for the highest share in the regional market. The existence of a significant population of patients with mental illnesses, numerous activities featuring meditation workshops, and the quick growth of yoga studios in the area are all credited with the rise of the regional market. A major segment of the population in the region, particularly in emerging countries is expected to have more disposable income in the next years, which will lead to a rise in the number of people spending on mental health development.

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