Source: Digital Journal
The winning Meditation report proves to be the finest and most excellent market report as it is generated with a myriad of critical factors. To put the marketplace clearly into focus, the most up-to-date market insights and analyses have been offered via this report. The market data presented in the report helps to recognize different market opportunities present internationally. This market report is also useful when launching a new product or expanding the business regionally or globally. Moreover, it considers both qualitative and quantitative techniques of Meditation market analysis where focus groups or in-depth interviews and customer survey or analysis of secondary data has been carried out respectively.
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.
More Insights Available – Meditation Market
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.
Guided meditations are an excellent tool for beginners, as they provide a focal point and gentle instruction to help you connect and let go of self-judgment.
All the industry insights included in this global market report will lead to actionable ideas and better decision-making. Clients can surely rely on the information provided in this report as it is derived only from valuable and genuine resources. The competitive landscape part of the high-quality Meditation business report provides an understandable insight into the market share analysis of key industry players. Further, market share analysis as well as key trend analysis is the main accomplishing factors in this industry analysis report. By thinking from the customer’s perspective, a team of researchers, forecasters, analysts, and industry experts work carefully to put together this market research report. Meditation marketing report helps to draw target audiences for the clients before launching any advertising campaign.
Market Segmentation Analysis
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.
A reliable Meditation market report has been prepared with a thorough market analysis carried out by a team of industry experts, dynamic analysts, skillful forecasters, and well-informed researchers. The superior global Meditation market also includes detailed profiles of the major manufacturers and importers dominating the market.
Key Players in the Global Market
Global meditation market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to 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.
For instance, in May 2021, MOBIO INTERACTIVE announced that they developed personalised mental health therapy for people affected by the COVID-19 pandemic, which has detrimentally impacted mental health worldwide, causing increased stress, anxiety, and depression. This therapy tremendously helped people during the pandemic and thereby generating more revenue for the company.
Regions Covered in the Market Report
The global meditation market is segmented on the basis of product, meditation type, indication, type, age group, usage, information source, and end use.
Countries covered in the global meditation market report are North America, Europe, Asia-Pacific, South America, and Middle East and Africa. These regions are further segmented into major countries such as the U.S., Canada, Mexico, Germany, France, U.K., Hungary, Lithuania, Austria, Ireland, Norway, Poland, Italy, Spain, Russia, U.K., Germany, Italy, France, Spain Russia, Netherland, Switzerland, Turkey, Belgium, rest of Europe, China, India, Japan, Australia South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, rest of Asia-Pacific, Saudi Arabia, UAE, Israel, Egypt, South Africa, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
Asia-Pacific is expected to dominate the global meditation market due to rising technological advancement in the region and Asia-Pacific is expected to grow with the highest CAGR in the forecast period due to growing awareness about meditation among people in the region. The Asia-Pacific is dominating in the market and leading the growth in the global meditation market due to The Asia-Pacific region is expected to grow with the most promising growth rate in the forecast period of 2022 to 2029 because of the high prevalence of mental disorders and flourishing yoga centers and meditation programs. China is dominating the Asia-Pacific market due to rising disposable income in the country.