Smartphone Penetration Is Encouraging The Mindfulness Meditation Apps Usage And Is Expected To Top With A Sales Volume of 180 Mn Latest Study By Fact.MR

News provided by Fact.MR
March 16, 2022 09:07 Korea Standard Time

SEOUL--(Korea Newswire) March 16, 2022 -- As per the analysis conducted by Fact. MR, the global mindfulness meditation apps market is anticipated to procure a market value of USD 180 Mn through 2032. The increasing cases of depression, mood disorders, and anxiety is expected to be the prime reason that can be attributed to the popularity of mindfulness mediation apps.

These apps have also received popularity amongst school and college students since it helps them to develop peace and enhance concentration. Furthermore, the outbreak of COVID-19 has further propelled the demand for such apps.

According to the analysis at Fact MR, the demand for mindfulness mediation apps has increased by 8% by 2021. Today’s youth is more inclined towards an unhealthy lifestyle, which brings a negative impact on the individual. In order to address these negativities, the youth is opting for mindful practices.

Personal Stress Levels Increasing The demand for meditation and yoga is increasing, which is stimulating uptake.

According to Fact MR's analysis, the United States and Canada are expected to contribute the most to the development of the regional market in North America. By 2032, the US market is expected to grow at a CAGR of 5%.

Furthermore, the number of patients suffering from depression, anxiety, and other mental problems in the United States is expected to exceed 40 million individuals, which is expected to fuel demand for mindful apps.

Another lucrative market in the region is expected to be Canada. The rising prevalence of depression among teenagers and college students may increase the demand for mindfulness meditation apps. In addition, the rising popularity of spirituality and yoga is likely to increase demand for these services.

Key Segments Covered in Mindfulness Meditation Apps Industry Survey

· By Operating System :
· Mindfulness Meditation Apps for iOS
· Mindfulness Meditation Apps for Android
· Mindfulness Meditation Apps for Other Operating Systems

· By Type :
· Paid Mindfulness Meditation Apps
· Free Mindfulness Meditation Apps

Key Takeaways from the Market Study

· By type, preference for free mindfulness meditation apps to heighten, accounting for 40% revenue share
· Simultaneously, paid mindfulness meditation apps demand likely to surge at nearly 8% CAGR
· Increasing anxiety levels bolstering usage across the U.S, registering over 5% CAGR through 2031
· India is likely to observe an upsurge of around 7% CAGR, due to the dominance of yoga in the region

“Increased work stress, peer pressure, and personal relationship problems have encouraged today’s youth to opt for mindful practices,” says an analyst at Fact.MR.

Report Benefits & Key Questions Answered

· Mindfulness Meditation Apps Category And Segment Level Analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local levels.
· Mindfulness Meditation Apps Developing Trend Analysis: The report offers a detailed analysis of manufacturing trends in the Mindfulness Meditation Apps market. The ease of using mindfulness meditation apps from one’s comfort zone is the biggest advantage to the users. Features such as audios, videos, live interaction, and personal guidance workshops are expected to enhance their demand among the youth.
· Mindfulness Meditation Apps Consumption by demographics: The report investigates consumer behavior affecting Mindfulness Meditation Apps demand outlook for the assessment period. The effect of their keenness for digital trends on Mindfulness Meditation Apps market is carefully analyzed
· Post COVID consumer spending on Controlled Substances: The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on technological services, thus affecting Mindfulness Meditation Apps market growth.

Competitive Landscape

Prominent players of the market are focusing on novel ideas and methods to capture a larger market share. Players are taking various initiatives to make their products unique from their competitors. Further, they also opt for acquisitions and collaborations to cast their dominance in the global market.

· In August 2021, Headspace, an English-American player, globally renowned to offer online meditation services, and Ginger, announced their decision to merge. The two companies together formed “Headspace Health”, worth 3 Bn USD.
· In October 2021, Breethe, a worldwide popular meditation app, announced that it had collaborated with WW International, Inc., a human-centric technology company powered by the world’s forefront commercial weight management program, to spread awareness about stress management and mindset encouraging individuals to opt a healthy lifestyle.

Key Companies Profiled In The Mindfulness Meditation Apps Market Survey Report are:

· Deep Relax
· Smiling Mind
· Inner Explorer Inc.
· Stop, Breathe & Think PBC
· The Mindfulness App
· Mindfulness Everywhere Ltd.
· Ten Percent Happier
· Breethe
· Insights Network Inc.
· Simple Habit Inc

Mindfulness Meditation Apps Market Report: https://www.factmr.com/report/3075/mindfulness-med
For more insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep
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Website: https://www.factmr.com/

Contact

Fact.MR
Mahendra Singh
+353-1-4434-232 (D)

This is a news release distributed by Korea Newswire on behalf of this company.