Product ID: SQMIG35F2009
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 Insights
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 market growth is attributable to factors such as growing public awareness of the mental and physical health advantages of meditation, the expansion of fitness centers, and the accessibility of learning resources. The market growth is anticipated owing to rising healthcare expenses and increase in innovation and technologies.
The popularity of apps like Calm and Headspace has helped meditation become increasingly popular in the US. Meditation centers and yoga studios have had to adapt and adopt new technology that makes their service more widely available, like so many other personal service businesses that were impacted by the pandemic.
The market for meditation is expanding because consumers are adopting the criteria set by the market, which is aided by the rising levels of stress and mental discomfort as well as the declining focus ratio. The trend of organizations experimenting with mindfulness research is being helped by the emerging culture of intellectual consciousness. Through the forecast period, the increased prevalence of mental health issues, such as mood disorders and stress headaches, are growing in a general change to the meditation sector.
US Meditation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Meditation Market Report Snapshots
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