Farmington, March 09, 2023 (GLOBE NEWSWIRE) -- The Global Mindfulness Meditation Application Market Was Valued At $97.6 Million In 2022 And Is Projected To Reach $307.1 Million By 2030, Growing At A CAGR Of 12.4% From 2022 To 2030. Mindfulness meditation is a spiritual practise that calms the mind and lets go of bad thoughts. You can put the mindfulness meditation app on your phone or tablet and run it. These apps teach people how to breathe, relax their muscles and bodies, and use their imagination. They can help reduce stress, chronic pain, high blood pressure, and a number of mental disorders.
Mindfulness meditation is a way to train your mind to let go of negative thoughts, slow down fast-moving thoughts, and relax your body and mind by focusing on the present moment. Depression, anxiety, and other factors that are becoming more common around the world are driving the demand for mindfulness meditation apps.
Request Sample Copy of Report “Mindfulness Meditation Application Market Size, Share & Trends Estimation Report By Type (IOS, Android, Others), By Service (Paid (In-app Purchases) Mindfulness Meditation Apps, Free Mindfulness Meditation Apps), By Application (0-5 Years Old, 6-12 Years Old, 13-18 Years Old, More Than 19 Years Old, Other), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Recent Developments:
- In January 2022, Headspace announced the acquisition of Sayana, an AI-powered mental health and wellness company, to expand its mindfulness meditation business.
- In October 2021, Headspace, a global leader in mindfulness and meditation, and Ginger, a leader in on-demand mental health care services, announced a final merger to strengthen their mental health care capabilities.
Segment Overview:
Type Insights:
IOS is the leading segment with a 69% share of the global Mindfulness Meditation Application market based on the type.
Application Insights:
More than 19 Years Old in Applications is believed to be the largest end-use industry sector, accounting for 49% of the global market. North America holds the largest market share at 51%.
Market Dynamics:
Drivers:
In recent years, people have become more aware of how important meditation is because of how stressful and fast-paced their daily lives are. Over the years, tech giants have taken advantage of this by making apps for mindfulness meditation that promise to help users regain and rebuild their mindfulness.
Meditation is becoming more and more popular because people want to sleep better. The University of Pennsylvania School of Medicine says that one in four Americans have severe insomnia. This has gotten the attention of investors who want to put money into the global market, which is expected to grow to be worth 2.3 times what it is now by the end of 2030.
Even though there are in-app purchases, it's interesting that people download mindfulness meditation apps because they can build a support group. A person who meditates can make friends, share their experiences, and stay motivated to make changes to their lives. Because of this, the market has benefited from smart app design that keeps users interested and motivates them with real results.
Opportunities:
During the period of the forecast, the global mindfulness meditation applications market is expected to grow because more people want to live healthy lives because of social media, money worries, and stress at work.
Challenge:
The global market has a lot of problems, such as limited app transparency, low brand recognition for new companies, high subscription fees, and large companies that control most of the market. In the past few years, there have been more people using both paid and free mindfulness meditation apps.
Most of these members are new, so they may run into problems with how the app works and how transparent it is, such as a lack of app guides, limited access, privacy rules and services, and a lack of app guides. Because the app industry isn't always clear, it can be hard for mindfulness meditation apps to keep their users or find new ones.
Regional Outlook:
The regional markets in North America, specifically the U.S. and Canada, are expected to see significant growth in the use of mindful apps due to factors such as the high prevalence of mental disorders and the increasing popularity of spirituality and yoga. By 2030, the U.S. market is predicted to have a CAGR of 5%, while Canada is also expected to be a strong market.
India is expected to be one of the world's most profitable markets for mindfulness apps, with a projected CAGR of 7% by 2030. The country's rich history of yoga and spiritual practices, along with the increasing popularity of these practices among young people and the government's promotion of yoga, are driving factors behind the growth. Additionally, the widespread use of smartphones throughout India allows for even those in remote areas to access these apps.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 12.4% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 307.1 Million |
| By Type | IOS, Android, Others |
| By Service | Paid (In-app Purchases) Mindfulness Meditation Apps, Free Mindfulness Meditation Apps, Other |
| By Application | 0-5 Years Old, 6-12 Years Old, 13-18 Years Old, More Than 19 Years Old |
| By Companies | Ten Percent Happier, Smiling Mind, The Mindfulness App, Inner Explorer, Inc., Simple Habit, Inc., Meditation Moments B.V., Stop, Breathe, & Think PBC, Mindfulness Everywhere Ltd., Insight Timer, Headspace, Calm, YOGAGLO, Enso Meditation Timer & Bell |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Key Segments Covered:
Top Market Players:
Ten Percent Happier, Smiling Mind, The Mindfulness App, Inner Explorer, Inc., Simple Habit, Inc., Meditation Moments B.V., Stop, Breathe, & Think PBC, Mindfulness Everywhere Ltd., Insight Timer, Headspace, Calm, YOGAGLO, Enso Meditation Timer & Bell, and others.
By Type
- IOS
- Android
- Others
By Service
- Paid (In-app Purchases) Mindfulness Meditation Apps
- Free Mindfulness Meditation Apps
- Others
By Application
- 0-5 Years Old
- 6-12 Years Old
- 13-18 Years Old
- More Than 19 Years Old
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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