Meditation Market Growth, Industry Size-Share, Global Trends, Key Players Strategies & Upcoming Demand

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.

Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, meditation market report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.

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Market Overview:

· 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.

Market Scope and 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.

Country Level Analysis:

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.

Key Players:

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.