Meditation Apps Market

Meditation Apps Market Size, Share, Growth Analysis, By Operating System(Android, IOS, Others), By Service(Free, Paid), By Age Group(6–12 Years Old, 13–18 Years Old, and 19 Above), By Region - Industry Forecast 2024-2031


Report ID: SQSG25S2001 | Region: Global | Published Date: July, 2001
Pages: 237 | Tables: 89 | Figures: 76

Meditation Apps Market Insights

Global Meditation Apps Market size was valued at USD 86.8 million in 2019 and is poised to grow from USD 97.6 million in 2023 to USD 307.1 million by 2031, growing at a CAGR of 12.4% in the forecast period (2024-2031).

A Meditation app is a program that teaches users how to meditate, relax, and achieve mental serenity in order to enhance their mental health. Meditation apps help users comprehend their own actions and emotions, as well as improve their self-awareness and self-regulation. Mental health illnesses such as mood disorders, anxiety, and mental stress are becoming more common among people of all ages as a result of environmental stress, increasing workload, and family problems. According to Perkbox, a Global Employee Benefits and Rewards Platform, 79% of working individuals in 2019 experienced work-related stress. This figure was 20% higher than in 2019 when it was 59%. As a result, a large population is turning to meditation applications to practice meditation in their daily lives. Workplace stress is the leading source of health concerns, followed by financial and family issues. For example, in the United States, 80% of working individuals are worried by their jobs, and 8 out of 10 Americans are impacted by stress. Furthermore, 526,000 working people in the United Kingdom are afflicted by job stress, despair, and anxiety. End-users are using meditation applications to seek serenity and reduce stress for a variety of reasons.

US Meditation Apps Market is poised to grow at a sustainable CAGR for the next forecast year.

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Meditation Apps Market size was valued at USD 86.8 million in 2019 and is poised to grow from USD 97.6 million in 2023 to USD 307.1 million by 2031, growing at a CAGR of 12.4% in the forecast period (2024-2031).

Various businesses in the Meditation Apps Market are working on providing various features that will give them an advantage over their competition. The majority of businesses are concentrating on growth, investments, acquisitions, delivery, portfolio expansion, and brand development. Key firms also have a solid presence in the worldwide market with a huge consumer base, giving them an advantage over their competition. 'Calm', 'Breethe', 'Simple Habit', '10% Happier', 'Aura Health', 'Headspace', 'Insight Timer', 'Journey Meditation', 'Meditopia', 'Mindfulness Coach', 'MindShift', 'Oak Meditation', 'Smiling Mind', 'Sattva', 'Stop, Breathe & Think', 'Ten Percent Happier', 'The Mindfulness App', 'Unplug Meditation', 'Waking Up', 'Yoga International'

Rising disposable income and technology advancements will have a significant impact on Meditation Apps Market trends. Furthermore, demand-supply dynamics will have an influence on the Meditation Apps Market's growth. Favorable government policies and an increase in consumer purchasing power would favorably impact the expansion of the Meditation Apps Market.

With millennials' preference for a healthy lifestyle, the demand for meditation applications has grown. Work-life stress and a slew of personal and social commitments that sap daily vitality and disrupt sleep are fueling an increase of interest in meditation. According to University of Pennsylvania School of Medicine research, approximately one in every four Americans suffers from acute insomnia.

In 2022, North America led the Meditation Apps Market and is anticipated to maintain its dominance throughout the forecast period (2022-2028). As meditation becomes more common in Americans' daily lives, people are looking for meditation applications on their smartphones to get the most out of the treatment. People are realizing that meditation are the best ways to de-stress and unwind.

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Meditation Apps Market

Report ID: SQSG25S2001

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