San Francisco, CA -- (SBWIRE) -- 10/09/2020 -- Global Meditation Market: Overview

Meditation refers to the ancient practice of wellness that emphasizes on training on compassion, attention, and awareness. Meditation plays an important role in refreshing mind and body. Mediation is done with eyes closed and in a seated position. With the increased number of people suffering from stress and stress-related disorders is likely to bolster growth of the global meditation market in the years to come.

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In addition, there has been an augmented awareness about meditation and its benefits amongst the people are likely to augment growth of the global meditation market over the timeframe of analysis, from 2019 to 2029.

Product, mental disorder, type, meditation type, information source, and region are the six key parameters based on which the global meditation market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

Global Meditation Market: Notable Developments

The global meditation market has witnessed significant developments in the recent years. One of such developments pertaining to the market is mentioned below:

In July 2020, American messaging app, Snapchat, announced the introduction of Snap Minis, their latest feature, in partnership with Headspace. The latter is an online healthcare company specializing in meditation. With this new feature, it is expected that users will benefit from the expertise pertaining to physical and emotional wellbeing offered by the app. It will also offer tools of daily meditations to stay healthy and refreshed.
Some of the key players in the global meditation market comprise the below-mentioned:

MINDSET brain gym Yorkville
Simple Habit, Inc.
Simply Better Apps
Inner Explorer, Inc.
Headspace meditation app

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Global Meditation Market: Key Trends

The following drivers, restraints, and opportunities characterize global meditation market over the assessment period, from 2019 to 2029.

Increased Prevalence of Stress and Anxiety is Likely to Bolster Demand in the Market

With the rapidly rising cases of suicides, mental stress, and other stress related illnesses, the global meditation market is expected to observe considerable growth in the years to come. The emerging trend of traditional thoughtful awareness is gaining traction amongst various corporate houses. Increased prevalence of subconscious health dysfunctions, including anxiety troubles, mood swings and complications, and so on, are observed in people across various age groups. These factors are likely to work in favor of the global meditation market over the timeframe of analysis, from 2019 to 2029.

On the other hand, there are some factors that are likely to pose challenge to the global meditation market during the analysis period. However, the level of awareness is rising amongst the people, the penetration of meditation in various parts of the world is still very low, which is likely to work against the growth of the global meditation market in the years to come. It is expected that with rapid urbanization and growing industrialization, the work pressure will rise. With the augmented pressure of work, the work personal life balance is likely to be disturbed. The need for meditation is anticipated to rise with such disbalances in life, thereby encouraging growth of the market in the years to come.

Global Meditation market: Geographical Analysis

North America is expected to dominate over the global meditation market throughout the tenure of analysis, 2019 to 2029. Such growth of the North America market is ascribed to the flourishing countless meditation programs and yoga centers spread across the region. In addition, there is very high prevalence of stress, anxiety, and other related disorders in the region is likely to play the role of a catalyst in the growth of the region. A lot of Americans are increasingly understanding the importance of treating panic attacks, damaging effects of insomnia on health, and need for anxiety and stress management, which is likely to augur well for the regional market in the near future.

The global meditation market is segmented as:

Product

Meditation Programs
Yoga Centers
Apps
Websites
Books
Online Courses
Workshops

Mental Disorder

Mood Disorders
Anxiety Disorders

Type

Focused Attention
Open Monitoring

Self-Transcending Meditation

Meditation Type

Sophrology
Kundalini Yoga
Mindful Fitness Surges

Information Source

Books, Newspapers
Internet
DVDs
Articles

Region

North America
United States
Canada
Mexico
Europe
Germany
France
UK
Russia
Italy
Asia Pacific
China
Japan
Korea
India
Southeast Asia
The Middle East
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Latin America
Brazil
Argentina
Colombia

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