How Has the Meditation Market Evolved Historically and What is its Current Size
The meditation market has seen considerable growth due to a variety of factors.
• The market for meditation has seen significant expansion in recent times. The forecast predicts an increase from $7.98 billion in 2024 to $9.7 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 21.5%.
This surge during the past period is linked to factors like managing stress and anxiety, escalating health and wellness trends, cultural and spiritual customs, verification of advantages through scientific means, and corporate wellness initiatives.
How Does the Forecast Look for the Meditation Market?
The meditation market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the meditation market size is predicted to experience substantial expansion. The market is projected to increase to $22.56 billion in 2029, growing at a Composite Annual Growth Rate (CAGR) of 23.5%.
This projected growth during the forecast period is likely due to the emphasis placed on mental health, infusion into healthcare protocols, emphasis on wellness tourism and retreats, the rise of digital meditation platforms, and integration in education and the workplace. Significant trends forecasted during this period are programs based on mindfulness-based stress reduction (MBSR), integration of biofeedback and wearable technology, partnerships with wellness and fitness brands, the launch of sleep meditation programs, and a focus on mental health and emotional wellness.
What Factors Are Driving Growth In The Meditation Market?
The rising occurrence of stress and anxiety is predicted to drive the expansion of the meditation market. Stress can be described as any form of change that results in physical, emotional, or mental distress, whereas anxiety is characterized by feelings of worry, anxious thoughts, and physical changes including increased blood pressure. Meditation imparts a feeling of peace, calm and equilibrium that can improve both emotional and overall health, and is often utilized to alleviate anxiety and promote relaxation by focusing the attention on calming experiences. For example, as reported by the American Psychiatric Association, a professional group of psychiatrists based in the US, in December 2022, it was expected that 26% of Americans would experience heightened stress as 2023 began, a rise from the 20% noted in the prior year. Thus, this escalating prevalence of stress and anxiety is fueling the growth of the meditation market.
How Are The Segments Defined Within The Global Meditation Market?
The meditation market covered in this report is segmented –
1) By Type: Open Monitoring, Focused Attention, Self-Transcending Meditation
2) By Meditation Type: Zen Meditation, Metta Meditation, Spiritual Meditation Or Transcendental Meditation, Progressive Relaxation Or Body Scan Meditation, Mindfulness Meditation, Breath Awareness Meditation, Kundalini Yoga
3) By Age: Adult, Children
4) By End-User: Meditation Centers, Home Setting, Corporates Or Schools Or Colleges
Subsegments:
1) By Open Monitoring: Mindfulness Meditation, Observational Practices
2) By Focused Attention: Breath Awareness Meditation, Mantra Meditation, Visualization Techniques
3) By Self-Transcending Meditation: Transcendental Meditation, Vedic Meditation, Loving-Kindness Meditation (Metta)
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How Are New Trends Expected To Influence The Growth Of The Meditation Market?
Prominent firms in the meditation market are working towards the development of innovative technological approaches, like mobile or electronic applications, to solidify their hold on the market. Mobile applications are software programs explicitly designed for wireless computing devices such as tablets and smartphones, circumventing the need for desktop or laptop usage. For example, Mobio Interactive, an app creator from Singapore that designs and promotes a digital therapy platform powered by AI which provides clinically approved, personalized psychotherapy treatments, introduced the AmDTx app in May 2022. The app offers a range of psychotherapy options, with a particular focus on medical-grade mindfulness meditation exercises that can be accessed through various means. Additionally, it provides services such as stress level evaluation via a mobile camera, stress self-assessment, intuitive mood gauging, and free-form writing. The app serves to complete meditation sessions or different types of online therapy using an array of training features such as self-guided, intent, and more.
Who Are the Key Players in the Meditation Market?
Major companies operating in the meditation market include:
• Stop Breathe and Think PBC
• Mindfulness Everywhere
• Insight Network Inc.
• BetterMe BUSINESS HOLDINGS Corp
• The Meditation Company GmbH
• Calm.com Inc.
• Mindbody Inc
• Headspace Inc.
• Chopra Global LLC
• Gaia Inc
• Committee for Children
• Sattva Inc
• Gaiam Brands LLC
• Meditopia Inc
• Smiling Mind Ltd
• Wildflowers Mindfulness Ltd
• Sanity and Self Inc
• Yoga International LLC
• Aura Health Inc
• Simple Habit Inc.
• Portal Labs Ltd.
• Mobio Interactive Pte Ltd.
• Unplug Meditation LLC
• Happify Inc
• Inner Explorer Inc.
• Waking Up LLC
• FeelVeryBien SAS
• Ten Percent Happier Inc
• Breethe Inc.
• Omvana Inc
• Mindful Communications Inc
• Journey Meditation Inc
• Prana Breath Ltd
• MindTastik LLC
• Sanvello Health Inc.
• Zenify technologies Inc.
What Is The Most Dominant Region In The Meditation Market?
North America was the largest region in the meditation market in 2024. The regions covered in the meditation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
