(MENAFN- GlobeNewsWire - Nasdaq) Jersey City, NJ, March 20, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the 'Global mindfulness meditation apps market Size, Share & Trends Analysis Report By Product (Artificial Intelligence, Scanner, Software, Storage), Type (Human, Veterinary), Application (Teleconsultation, Training, Disease Diagnosis, Drug Discovery), End User (Pharma, Academia, Hospitals)- Market Outlook And Industry Analysis 2031'
The global Mindfulness Meditation Apps Market is estimated to reach over USD 7586.45 million by 2031 , exhibiting a CAGR of 34.90% during the forecast period.
Mindfulness meditation applications for Android and iOS have been created to assist users in increasing awareness through meditation. In other words, practicing mindfulness, which is practiced through both free and paid apps on smartphones, enables us to comprehend our actions and feelings better, enjoy a moment of calm, and increase our happiness, serenity, and sense of calm. It also aids in the treatment of mental diseases. Rising instances of mood disorders across all age groups, soaring disposable income, and increased app knowledge are the main drivers of industry expansion.
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Apps for mindfulness meditation typically aid in improving self-control, self-awareness of attention, and other processes, which are expected to open up new potential for addressing target end users and boosting app content. Kids are increasingly dealing with higher stress, anxiety, and particular emotional and social issues due to the constantly expanding educational environment. As a result, educational institutions now require demand mindfulness meditation apps. A lifelong capacity for greater attention, personality, resilience, and endurance is being developed in children thanks to the introduction of mindfulness meditation apps or programs in educational institutions. Using technology, meditation becomes more human-centric, boosting market growth and adoption rates.
Many meditation methods are currently being developed and are already in use. The most well-liked technology among meditators is the mindfulness meditation app, though. Most smart gadgets, including phones, tablets, laptops, PCs, and even TVs, allow for the downloading of applications. The increasing demands of studies, schooling, and employment on the youthful population substantially impact mental health, driving demand for mindfulness meditations and expanding the market.
Recent Developments:
. In Sept 2020, With philanthropist, environmentalist, and meditation enthusiast Gisele Bündchen, Insight Timer begins a multilingual relationship. In October, to recognize Anxiety and Depression Awareness Month, Bündchen will utilize Insight Timer's new in-app live streaming function to interact with her followers in real-time.
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List of Prominent Players in the Mindfulness Meditation Apps Market:
Aura Health Better Me Breathe, & Think PBC Calm.com, Inc. Edutopia Headspace, Inc. Inner Explorer, Inc. Insight Timer Meditation Moments B.V. Mindfulness Everywhere Ltd. Mood Simple Habit, Inc. Smiling Mind Ten Percent Happier The Mindfulness App Waking Up
Mindfulness Meditation Apps Market Report Scope:
| Report Attribute | Specifications |
| Market size value in 2022 | USD 522.21 Mn |
| Revenue forecast in 2031 | USD 7586.45 Mn |
| Growth rate CAGR | CAGR of 34.90% from 2023 to 2031 |
| Quantitative units | Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Operating System, Service Type And Age Group |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
Table of Content of Report:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Mindfulness Meditation Apps Market Snapshot
Chapter 4. Global Mindfulness Meditation Apps Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter's Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Operating System Estimates & Trend Analysis
5.1. by Operating System & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Operating System:
5.2.1. Android
5.2.2. iOS
5.2.3. Others
To Be Continued...
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Market Dynamics:
Drivers-
The market for mindfulness meditation applications is projected to grow due to several elements, including the rising prevalence of mood disorders among individuals of all ages and the rising purchasing power of the populace in many developed and emerging economies. An increase in consumer awareness of the existence of such apps is also stimulating the market for mindfulness meditation applications. The capacity of several mindfulness meditation applications to help with strengthening identity and self-regulation has led to an increase in their popularity in recent years. This factor creates the potential for the industry for mindfulness meditation apps to generate income. The advent of mindfulness meditation apps to help millennials deal with their worry, stress, and sadness has significantly increased app downloads in the global market. Additionally, social media and digital technology have greatly influenced millennials, encouraging them to adopt mindfulness meditation apps to maintain the smooth operation of their daily lives.
Challenges:
Some issues, including low app accessibility, brand awareness among new competitors, expensive subscription prices, and market monopolization by major firms, constrain the global market. In current years, there has been a massive increase in the total number of paid and free users of mindfulness meditation applications. Most of these customers are new users who may need help with app operation and transparency due to factors including lack of an app guide, access restrictions, privacy policies, and product offerings. The market for mindfulness meditation apps may need more app transparency to retain or draw in new users.
Regional Trends:
The North America mindfulness meditation apps market is expected to register a major market share. Due to its substantial industrial capacity, strong government programs that foster innovation, and high purchasing power, North America is one of the most essential regions for adopting and growing new technology. Due to the vast number of immigrants passing through the area, the lack of an initial stage lockdown in the area, and the presence of many virus bearers simultaneously, COVID-19 has had a significant influence on North America, causing it to spread quickly. Besides, the Asia Pacific region had a substantial share of the market. India is on par with the rest of the world in adopting health and wellness internet technology, such as mindfulness meditation applications. Many top-developed market app developers have already established manufacturing and production facilities. As a result, India has gained prominence in the technological world, and South Asia's earnings for mindfulness meditation apps have reached all-time highs.
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Segmentation of Mindfulness Meditation Apps Market-
By Operating System
By Service Type
By Age Group
6–12 Years Old 13–18 Years Old 19 Above
By Region-
North America-
Europe-
Germany The UK France Italy Spain Rest of Europe
Asia-Pacific-
China Japan India South Korea Southeast Asia Rest of Asia Pacific
Latin America-
Brazil Argentina Rest of Latin America
Middle East & Africa-
GCC Countries South Africa Rest of Middle East and Africa
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