Market Analysis and Insights: Global Meditation Market
Global meditation market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the global meditation market is growing with a CAGR of 18.5% in the forecast period of 2022 to 2029 and is expected to reach USD 20,532.44 million by 2029 from USD 5,295.07 million in 2022. Rising healthcare expenditure and escalation in innovation and technologies are major drivers which are expected to the growth of the market in the forecast period.
Meditation can be defined as a set of techniques that are intended to encourage a heightened state of awareness, focused attention and relieve stress. 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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Global Meditation Market Scope and Market Size
The global meditation market is segmented on the basis of product, meditation type, indication, type, age group, usage, information source, and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of product, the global meditation market is segmented into apps, websites, books, online courses, yoga centers, meditation programs, workshops. In 2022, apps, websites, books, segment is expected to dominate the market as these are easily accessible and user-friendly for beginners.
· On the basis of meditation type, the global meditation 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 2022, progressive relaxation/body scan meditation segment is expected to dominate the market because progressive relaxation yields a variety of benefits, including the development of a feeling of well-being, lowered blood pressure, decreased muscle tension, thereby reducing the body’s need for oxygen and reducing fatigue and anxiety.
· On the basis of indication, the global meditation market is segmented into mental condition (stress/ anxiety disorders/mood disorders/depression) and physical condition (pain/insomnia/asthma/substance abuse/pregnancy). In 2022, mental condition segment is expected to dominate owing rising prevalence of mental disorders.
· On the basis of type, the global meditation market is segmented into open monitoring, focused attention, self-transcending meditation. In 2022, open monitoring segment is expected to dominate owing to benefits it renders to the user such as stress relief, better thinking, increased emotional intelligence, and the ability to overcome mental biases.
· On the basis of age group, the global meditation market is segmented into adult and children. In 2022, adult segment is expected to dominate the market because relatively adults are gravitating more towards meditation practices as it provides a sense of calm, peace, and balance that can benefit both emotional well-being and the overall health.
· On the basis of usage, the global meditation market is segmented into individual and group. In 2022, individual segment expected to dominate the market because it allows one to choose for the variables of one’s meditative practice: duration, space, and degree of silence.
· On the basis of information source, the global meditation market is segmented into internet and books/newspaper/articles. In 2022, internet segment is expected to dominate the market owing to worldwide easy accessibility of the internet and the availability of plenty of information on the internet about different types of meditation.
· On the basis of end use, the global meditation market is segmented into home setting, meditation centers, corporates/schools/colleges. In 2022, home setting segment is expected to dominate the market because of outbreak of coronavirus pandemic which restricted the outdoor movements and surging pool of mental disorders patients.
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Some of the major Key players in Global Meditation Market
Major players covered in the report are Smiling Mind, Inner Explorer Inc., Committee for Children, Stop, Breathe & Think PBC, Simple Habit, Inc., Calm, Headspace Inc., Inscape, Insight Network Inc., Waking Up, LLC, FeelVeryBien, s.a.s., MEDITOPIA, BetterMe, Aura Health, Sanity & Self, TEN PERCENT HAPPIER, Inward Inc, Portal Labs Ltd., MOBIO INTERACTIVE, MindfulnessEverywhere among others domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies worldwide, which are further accelerating the global meditation market.
Key Benefits of the report-:
1. Reveals insight into the restrictions present in the worldwide Global Meditation Market that can hamper the development of the market in the coming years.
2. The report introduces a reasonable focus on how these limitations can be transformed into circumstances when surveyed appropriately.
3. Developing ways of life, tax collection arrangements, and buying forces of different economies have been examined in Global Meditation Market incredible detail.
4. Displays generation and income estimates for the worldwide market, creation and utilization estimates for local needs, output, income, and value figures for the worldwide Global Meditation Market.
5. Offers a forward-looking point of view of the Global Meditation Market by giving nitty-gritty insights giving brisk data about the market’s general advancement throughout the conjecture time frame.
6. Improves decision-making capabilities by presenting accurate to an extended picture of this vast Global Meditation Market.
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Research Methodology: Global Meditation Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
· Demand Side: Clinicians, Healthcare Professionals, Researchers, Academician.
· Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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