Global Meditation Market

Meditation Market Size, Share, Growth Analysis, By Product(Apps, Websites, Books, Online Courses), By Medication Type(Progressive Relaxation/Body Scan Meditation, Mindfulness Meditation, Breathe Awareness, Meditation), By Type(Open Monitoring, Focused Attention, Self-Transcending Meditation), By End-Use(Home Setting, Meditation Centers, Corporate/Colleges/Schools), By Region - Industry Forecast 2025-2032


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

Meditation Market Insights

Meditation Market size was valued at USD 5295.07 Million in 2023 and is poised to grow from USD 6274.66 Million in 2024 to USD 24330.94 Million by 2032, growing at a CAGR of 18.5% during the forecast period (2025-2032).

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.

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Meditation Market size was valued at USD 4471.2 million in 2022 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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Global Meditation Market

Report ID: SQMIG35F2009

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