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Global Meditation Market Share, Growth, Outlook, Forecast: By Delivery Mode: Online, Offline; By Meditation Type; By Indication: Mental Condition, Physical Condition; By Age Group: Adults, Children; By End User: Meditation Centers, Corporates/Schools/Colleges; Regional Analysis; Clinical Trials Analysis; Supplier Landscape; 2023-2031
Global Meditation Market Outlook
The global meditation market size was valued at USD 5.2 billion in 2022, driven by the increasing prevalence of increasing self-awareness among people across the globe. The market size is anticipated to grow at a CAGR of 19.10% during the forecast period of 2023-2031 to achieve a value of USD 24.9 billion by 2031.
Meditation: Introduction
Meditation is the practice of focusing or clearing mind with the use of combination techniques. Meditation can be used for multiple purposes such as relaxing, reducing anxiety and stress, and even enhancing health. It has been practiced for more than 100 decades and thus people are aware of the benefits it provides. It has been proven with the application of advanced imaging technologies, including modern diagnostic and imaging techniques like electroencephalography (EEG) and functional magnetic resonance imaging (fMRI) scans, meditation has a positive effect on brain and mental health. Meditation has multiple benefits including stress reduction, control of anxiety, promotion of emotional health, and increased self-awareness.
Global Meditation Market Analysis
The key players in the market are focusing on developing and launching new software applications for the end users to meditate wherever and whenever they want. There is a growing trend of producing mindfulness podcasts as well which is growing the market growth. The increased influence of social media influencers and other celebrities is also playing a major role in the global meditation market growth. Increased use of meditation by people for overcoming their depression, insomnia, stress, and anxiety among other conditions is a major trend influencing the market growth.
Additionally, the increased awareness among people towards creating healthy mental health is also playing a major role in the market. The key players in the market are majorly investing in and supporting the development and growth of new products, including devices or software applications, further intensifying the global meditation market growth. The market is also witnessing technological development and the escalation of mental disorders among people, further driving the market growth.
Additionally, the increasing number of clinical studies about meditation and the benefits associated with it among several areas and persons of every age group is driving the market growth.
Global Meditation Market Segmentations
Market Breakup by Delivery Mode
- Online
- Apps
- Websites
- Offline
- Books
- Yoga Centers
- Meditation Programs and Workshops
Market Breakup by Meditation Type
- Mindfulness Meditation
- Spiritual Meditation
- Focused Meditation
- Movement Meditation
- Mantra Meditation
- Transcendental Meditation
- Progressive Relaxation
- Visual Meditation
- Loving-Kindness Meditation
Market Breakup by Indication
- Mental Condition
- Physical Condition
Market Breakup by Age Group
- Adults
- Children
Market Breakup by End User
- Home Settings
- Meditation Centers
- Corporates/Schools/Colleges
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Meditation Market Overview
The market growth is driven by the growing health awareness among people focusing more on their mental and physical health. The increasing geriatric population across the globe is also focusing on mental wellness to stay active and mindful throughout the day, increasing the life span as well. It is also proven that meditation can effectively increase the attention span of an individual after only 4 days of meditating.
Mediation is gaining more popularity among people now more than ever, and this is affecting the global market positively. The continuous promotion of various benefits of meditation by social media influencers of all age groups and even celebrities is fuelling the global mediation market growth. People are now more aware of the existence of meditation and the advantages associated with it for every age group, responsible for the increasing adoption of meditation practices across the world. This is also a major factor driving the market growth.
The increasing prevalence of mental disorders such as depression, anxiety, and mood disorders among youngsters and adults is also a factor responsible for the interesting shift of people towards meditation to avail the benefits that come with it. People all over the world are experiencing hectic lifestyles due to their ill work-life balance and dietary habits associated with it. There are surveys and studies that prove the efficacy of meditation as it may help increase employees’ productivity by 120 percent. People can benefit from meditation apps and other platforms enabling the interested person to attend sessions virtually if not physically. Such feasible factors are responsible for the rapidly rising global meditation market share.
There are multiple studies by several prestigious institutions that prove the efficacy of meditating, further propelling the market growth. For example, in a Harvard study, it was observed that practicing mindfulness meditation for at least 30 minutes a day increased grey matter in the hippocampus responsible for memory and learning.
Global Meditation Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Headspace Inc.
- Simple Habit, Inc.
- Breathe & Think PBC
- Inner Explorer Inc.
- Inscape
- Insight Network Inc.
- Waking Up, LLC
- MEDITOPIA
- BetterMe
- Aura Health
- Sanity & Self
- Portal Labs Ltd.
- MOBIO INTERACTIVE
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Delivery Mode |
|
| Breakup by Meditation Type |
|
| Breakup by Indication |
|
| Breakup by Age Group |
|
| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Meditation Market Overview
3.1 Global Meditation Market Historical Value (2016-2022)
3.2 Global Meditation Market Forecast Value (2023-2031)
4 Global Meditation Market Landscape
4.1 Global Meditation Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Meditation Product Landscape
4.2.1 Analysis by Delivery Mode
4.2.2 Analysis by Meditation Type
4.2.3 Analysis by Indication
4.2.4 Analysis by Age Group
5 Global Meditation Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Meditation Market Segmentation
6.1 Global Meditation Market by Delivery Mode
6.1.1 Market Overview
6.1.2 Online
6.1.2.1 Apps
6.1.2.2 Websites
6.1.3 Offline
6.1.3.1 Books
6.1.3.2 Yoga Centers
6.1.3.3 Meditation Programs and Workshops
6.2 Global Meditation Market by Meditation Type
6.2.1 Market Overview
6.2.2 Mindfulness Meditation
6.2.3 Spiritual Meditation
6.2.4 Focused Meditation
6.2.5 Movement Meditation
6.2.6 Mantra Meditation
6.2.7 Transcendental Meditation
6.2.8 Progressive Relaxation
6.2.9 Visual Meditation
6.2.10 Loving-Kindness Meditation
6.3 Global Meditation Market by Indication
6.3.1 Market Overview
6.3.2 Mental Condition
6.3.3 Physical Condition
6.4 Global Meditation Market by Age Group
6.4.1 Market Overview
6.4.2 Adults
6.4.3 Children
6.5 Global Meditation Market by End User
6.5.1 Market Overview
6.5.2 Home Settings
6.5.3 Meditation Centers
6.5.4 Corporates/Schools/Colleges
6.6 Global Meditation Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Meditation Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Meditation Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Meditation Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Meditation Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Meditation Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Headspace Inc.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Simple Habit, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Breathe & Think PBC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Inner Explorer Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Inscape
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Insight Network Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Waking Up, LLC
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 MEDITOPIA
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 BetterMe
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Aura Health
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Sanity & Self
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Portal Labs Ltd.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 MOBIO INTERACTIVE
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Meditation Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 5.2 billion in 2022, driven by the increasing prevalence of depression.
The market is anticipated to grow at a CAGR of 19.10% during the forecast period of 2023-2031, likely to reach a market value of USD 24.9 billion by 2031.
The increasing awareness about the benefits of meditating and the increasing prevalence of mental health issues among people worldwide are the major factors driving the market growth.
The development of meditation apps and increased initiatives by the government, such as organizing yoga and meditation sessions, to enhance awareness and mental health of people are among the major factors driving the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
The mode of delivery includes online channels, such as apps and websites, and offline channels like books, yoga centers, and meditation programs and workshops.
There are several types of meditation, including mindfulness meditation, spiritual meditation, focused meditation, movement meditation, mantra meditation, transcendental meditation, progressive relaxation, visual meditation, and loving-kindness meditation.
The indications cured by meditation is mental condition and physical condition.
The benefitting age group includes adults and children.
End users in the market are home settings, meditation centers, and corporates/schools/colleges.
Key players involved in the market are Headspace Inc., Simple Habit, Inc., Breathe & Think PBC, Inner Explorer Inc., Inscape, Insight Network Inc., Waking Up, LLC, MEDITOPIA, BetterMe, Aura Health, Sanity & Self, Portal Labs Ltd., and MOBIO INTERACTIVE.
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