Mindfulness Meditation Apps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Mindfulness Meditation Apps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : November, 2021 | Healthcare IT

Report Digest


Global Mindfulness Meditation Apps Market: Overview

The mindfulness meditation apps market is set to chart in tremendous growth over the forecast period between 2019 and 2029. In recent years, highly demanding and stressful nature of day-to-day activities driving individuals to seek solace is creating immense awareness about meditation. Inhumanely long work hours and increasing nuclear family setups to look after small children and household responsibilities are becoming reasons for mental health disorders. Mindfulness and meditation have surfaced as a panacea for such mental ailments that are beyond medical treatment.

Over the years, big technology companies have capitalized on this opportunity with the introduction of meditation apps that promise to reinstate and rebuild mindfulness amongst users.

The mindfulness meditation apps market report analyses various factors to have an impact on the growth trajectory of the said market over the 2019- 2029 assessment period. Furthermore, growth indices, demand drivers, challenges, business landscape, and geographical outlook of the mindfulness meditation apps market for the aforementioned forecast period covered in this report. The qualitative analysis and insightful information of the mindfulness meditation market presented in this report serves as a useful guide for market stakeholders. The impact of COVID-19 on this report further adds to the value of this report.

Global Mindfulness Meditation Apps Market: Vendor Landscape

At present, the mindfulness meditation apps market is highly consolidated. Two players – Calm and Headspace – hold about 70% of the market share. The two companies are capitalizing on their first entry in the market and are aggressively partnering with offices, colleges, and social spaces to consolidate their position in the mindfulness meditation apps market.

According to available data, Calm has been downloaded 50 million times. Design simplicity of the app cleverly built with the help of sleep psychologists is a key factor behind the monumental popularity of the app.

Global Mindfulness Meditation Apps Market: Key Trends

The demand for mindfulness meditation apps has been escalating with the leaning of millennials for wholesome way of life. Work-life stress and a spate of personal and social engagements that impact everyday energy level and disturbs sleep are resulting in explosion of interest in meditation. According to findings of University of Pennsylvania School of Medicine, about one in every four Americans suffer from acute insomnia.

Furthermore, in 2018, a study conducted by American Psychological Association points out that Generation Z is likely to suffer from worst mental health issues and thus resort to alternative therapies. This has aroused the interest of investors to capitalize in the market, and thus has been an incredible factor in developing easily comprehensible meditation apps that cater to mental health issues such as anxiety, insomnia, depression, and self-care.

The two digital application stores iOS App Store and Google’s Play store have played a significant role in building the mindfulness meditation apps market. Today, these app stores are critical platforms, making meditation apps available to both beginners and expert practitioners.

Global Mindfulness Meditation Apps Market: Regional Outlook

North America, at present, is at the fore of the mindfulness meditation apps market. As meditation is slowly becoming part of everyday lives of Americans, individuals are seeking mindfulness apps on their smartphones to obtain maximum benefit of the therapy. Individuals are recognizing mindfulness and meditation to be the ultimate way to de-stress and unwind.

Asia Pacific is another promising region in the mindfulness meditation apps market. The region being home to the therapy, and growing adoption of the therapy to beat everyday stress are reasons for growth of mindfulness meditation apps market in Asia Pacific.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?