Meditation Management Apps Market Growing At A CAGR 18.2% From 2024 To 2030

Posted by Neha Bora on March 12th, 2024

San Francisco, 12 March 2024: The Report Meditation Management Apps Market Size, Share & Trends Analysis Report By Platform (iOS, Android), By Deployment Type (Cloud-based, On-premise), By Service, By Region, And Segment Forecasts, 2024 - 2030

The global meditation management apps market size is expected to reach USD 4.97 billion by 2030 and is expected to expand at a CAGR of 18.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing healthcare expenditure, surge in innovations and technologies, and growing prevalence of mental disorders such as anxiety and depression fuel market growth. For instance, in May 2023, as per a Gallup survey, 29.0% of Americans reported being diagnosed with depression in their lifetime, while 17.8% had or were undergoing treatment for depression at that point.

Rising funding opportunities for developing various meditation and mental health apps signify market growth opportunities. For instance, Revenue and Usage Statistics for Calm, which offers guided meditation apps, published by Business of Apps, stated that Calm had received USD 28 million in 2018 in funding and this value increased to USD 218 million in 2020. This substantial rise in funding is expected to drive market growth over the forecast period.

In addition, with widespread use of smartphones and availability of advanced technologies, investors are investing in developing innovative solutions for delivering high-quality meditation management apps. These platforms enable patients to monitor their moods and listen to natural sounds, helping in reducing anxiety and stress management through meditation. For instance, the Aura app allows users to create gratitude journals and monitor their user's moods.

Access Research Report of Meditation Management Apps Market @ https://www.grandviewresearch.com/industry-analysis/meditation-management-apps-market-report

Meditation Management Apps Market Report Highlights

• iOS segment dominated the global market in 2023 with a revenue share of 48.9%, due to increasing adoption of iPhones among consumers
• By deployment type, cloud-based segment dominated the global market with largest revenue share in 2023
• In terms of services, free applications held the largest market revenue share in 2023. Free services offer walking meditations, fuss-free meditation timers with a gentle bell sound, and guided meditation series based on individual mood and health concerns
• North America dominated the overall market in 2023 with a revenue share of 36.9%, owing to the rapidly developing healthcare IT infrastructure, emergence of startups, growing funding options, and improving technological literacy in the region

Meditation Management Apps Market Report Scope

List of Key Players in Meditation Management Apps Market

• Inner Explorer
• Calm
• Headspace Inc.
• MindApps
• Breethe
• Meditation Moments
• Simple Habit
• Ten Percent Happier
• Aura Health
• Meditopia

Access Press Release of Meditation Management Apps Market @ https://www.grandviewresearch.com/press-release/global-meditation-management-apps-market