Farmington, March 9, 2023 (GLOBE NEWSWIRE) — The global Mindfulness meditation app marketplace It was valued at $97.6 million in 2022 and is forecast to reach $307.1 million by 2030, growing at a CAGR of 12.4% from 2022 to 2030. Mindfulness meditation is a spiritual practice that calms the mind and lets go of negative thoughts. You can put the mindfulness meditation app on your phone or tablet and run it. These apps teach people to breathe, relax their muscles and bodies, and use their imagination. They can help reduce stress, chronic pain, high blood pressure, and many mental disorders.
Mindfulness meditation is a way for 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 worldwide are increasing the demand for mindfulness meditation apps.
Request sample report “Mindfulness Meditation App Market Size, Share & Trends Estimation Report by Type (IOS, Android, Other), by Service (Paid (In-App Purchases) Mindfulness Meditation Apps, Free Mindfulness Meditation Apps), by Application (0-5 Years, 6-12 annual, 13–18 years, over 19 years, other), forecasts by region and segment, 2023–2030”, published by Contrive Datum Insights.
Recent developments:
- in January 2022Headspace has announced the acquisition of Sayana, an AI-powered mental health and wellness company, to expand its mindfulness meditation business.
- In October 2021Headspace, the world leader in mindfulness and meditation, and Ginger, the market leader in on-demand mental health services, have announced a definitive merger to strengthen their mental health capabilities.
Segment Overview:
Type of Insights:
IOS is the leading segment with a 69% share in the global Mindfulness Meditation Application market by type.
Application Insights:
It is believed to be the largest end-user sector in the 19+ year application field, accounting for 49% of the global market. North America has the largest market share at 51%.
Market dynamics:
Drivers:
In recent years, people have become increasingly aware of the importance of meditation as their daily lives are stressful and fast-paced. Over the years, tech giants have capitalized on this by creating apps for mindfulness meditation that promise to help users regain and rebuild their mindfulness.
Meditation is becoming more popular because people want to sleep better. According to the University of Pennsylvania School of Medicine, one in four Americans has severe insomnia. This has attracted the attention of investors who want to put money into the global market, which is expected to grow to 2.3 times its current level by the end of 2030.
Even though there are in-app purchases, it’s interesting that people download mindfulness meditation apps because they can create a support group. A person who meditates can make friends, share experiences, and stay motivated to make changes in 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 forecast period, the global mindfulness meditation app market is expected to grow as more and more people want to live a healthy life due to social media, financial problems, and work stress.
Challenge:
There are many problems in the global market, such as limited app transparency, low brand awareness of new companies, high subscription fees, and large companies controlling a large part of the market. Over the past few years, more and more people are using paid and free mindfulness meditation apps.
Most of these members are new and may encounter issues with app functionality and transparency, such as missing app guides, limited access, privacy policies and features, and app guides. Because the app industry is not always straightforward, it can be difficult for mindfulness meditation apps to retain users or find new ones.
Regional outlook:
Regional markets in North America, particularly the US and Canada, are expected to witness significant growth in the use of mindfulness apps due to factors such as high prevalence of mental disorders and rising popularity of spirituality and yoga. By 2030, the US market is projected to have a CAGR of 5%, while Canada will also be a strong market.
India is expected to be one of the world’s most lucrative markets for mindfulness apps, with a CAGR of 7% by 2030. The country’s rich history of yoga and spiritual practices along with the growing popularity of these practices among the youth and the government’s promotion of yoga are the factors behind the growth. Also, the widespread use of smartphones in India allows even people living in remote areas to access these applications.
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Scope of the report:
| Report attributes | Details |
| Its growth rate | CAGR of 12.4% From 2023 to 2030. |
| Revenue forecast for 2030 | US Dollar 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, 6-12 years, 13-18 years, over 19 years |
| By companies | Ten Percent Happier, Smiling Mind, The Mindfulness App, Inner Explorer, Inc., Simple Habit, Inc., Meditation Moments BV, Stop, Breathe, & Think PBC, Mindfulness Everywhere Ltd., Insight Timer, Headspace, Calm, YOGAGLO, Enso Meditation timer and bell |
| Regions and countries covered |
|
| Base year | 2022 |
| A historic year | From 2017 to 2022 |
| Forecast year | From 2023 to 2030 |
Key segments covered:
Most popular market players:
Ten Percent Happier, Smiling Mind, The Mindfulness App, Inner Explorer, Inc., Simple Habit, Inc., Meditation Moments BV, Stop, Breathe, & Think PBC, Mindfulness Everywhere Ltd., Insight Timer, Headspace, Calm, YOGAGLO, Enso Meditation Timer & Bell and others.
By type
By service
- Paid (in-app purchases) Mindfulness meditation apps
- Free Mindfulness Meditation Apps
- Others
By application
- 0-5 years old
- Ages 6-12
- Ages 13-18
- Over 19 years old
- Others
Regions and countries covered
- North America: (USA, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, United Kingdom, Scandinavian countries, Benelux Union, Rest of Europe)
- Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- The rest of the world
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