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Rising Cases of Depression and Anxiety due to Covid-19 to Stimulate the Demand for Mindfulness Mediation Apps

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News provided by

Fact.MR

04 Feb, 2022, 13:00 GMT

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Free Mindfulness Mediation Apps to Garner 40% of the Global Mindfulness Mediation Apps Market

The Fact.MR market study on the mindfulness mediation apps market provides deep dive into key developments in the market. The report offers a comprehensive analysis of leading segments in terms of by operating system and by type.

NEW YORK, Feb. 4, 2022 /PRNewswire/ -- The global mindfulness meditation apps market is anticipated to reach a valuation of US$ 180 Mn by the end of the forecast period 2032. The market is also likely to grow at a CAGR of 8.4% during the forecast period from 2022 to 2032.  

The demand for mindfulness mediation apps has increased by 8% from 2016 to 2020. The growing adoption of unhealthy lifestyles in youths has encouraged the promotion of the usage of meditation apps. Therefore, usage of such apps has increased since then.

According to the World Health Organization, about 246 million people worldwide suffer from depression. Anxiety, bipolar illness, and other mental health concerns are the most common issues that today's generation is dealing with.

Finance-related issues, marital troubles, and work-related stress have all contributed to an individual's stress level rising. This is expected to be yet another important aspect that will increase the use of medication applications and, as a result spurring the market.

For Critical Insights on This Market, Request for More Info

https://www.factmr.com/connectus/sample?flag=S&rep_id=3075

Patients suffering from depression, anxiety, and other mental problems are expected to account for more than 40 million individuals in the United States, 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 demand for mindfulness meditation apps.

The COVID-19 outbreak put humans under a lot of mental stress. Humans had a variety of mental health concerns as a result of the unexpected global lockdown, including anxiety, depression, and other disorders. People all throughout the world suffered psychologically as a result of their inability to leave their homes. As a result of this mental tension, People began to gravitate toward spirituality, Yoga, and meditation. As a result, during the COVID-19 lockdown, the popularity of these apps skyrocketed.

Attributes

Details

Expected Market Value for 2022

US$ 80.34 Mn

Forecasted Value for Mindfulness Meditation Apps Market in 2032

US$ 180 Mn

Expected Growth Rate (2022-2032)

8.4% CAGR

Key Takeaways:

  • The US Mindfulness mediation apps Market is likely to grow at a CAGR of 5% by end of the forecast period 2032
  • India Mindfulness mediation apps Market is one of the lucrative markets around the globe and is projected to expand at a CAGR of 7% by end of 2032.
  • By type, free mindfulness mediation apps are anticipated to grow 40% of the revenue through the assessment period.
  • By type, paid mindfulness mediation apps are anticipated to exhibit a CAGR of 8% during the forecast period from 2032.

Growth Drivers:

  • The growing adoption of unhealthy lifestyle, depression cases and anxiety is expected to boost the mindfulness meditation apps market growth.
  • The ease of using mindfulness meditation apps from one comfort zone is the biggest advantage for the users as features are more attractive and personal guidance workshops are expected to enhance the demand among the youths.

To gain in-depth insights on Mindfulness Mediation Apps Market, request methodology at

https://www.factmr.com/connectus/sample?flag=RM&rep_id=3075

Competitive Landscape:

Various leading players in the Mindfulness mediation App are focusing on offering various features that are likely to give them the upper hand against the competitors.

  • In August 2021, Headspace, an English American online company, specialising in meditation, and Ginger, announced plans to merge.
  • In June 2021, Alium NFT and Europe's largest mindfulness App, Syntuition announced a collaboration.
  • In October 2021, Breethe, a global meditation app, announced that it partnered with WW International, Inc., a human-centric technology company powered by the world's leading commercial weight management program, to spread awareness regarding stress management and mindset in inculcating a healthy lifestyle

Key Companies Profiled by Fact.MR

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

More valuable Insights on Mindfulness mediation App Market

Fact.MR, in its report, offers a market analysis of the global Mindfulness mediation App Market analysing forecast period through 2022 and beyond. This survey reveals the growth of technology in the Mindfulness mediation App Market with detailed segmentation as follows: -

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 Questions covered in the Mindfulness meditation App Market Report

  • How much worth is projected for the mindfulness meditation apps market for 2022?
  • At what rate is the mindfulness meditation apps landscape likely to grow?
  • What was the last 5 years CAGR for the market on mindfulness meditation apps?
  • At what value will mindfulness meditation apps close in by the year 2032?
  • What are the growth prospects for mindfulness meditation apps in the U.S?

Explore Fact.MR's Coverage on the Technology Domain –

Virtual Schools Market Scope: COVID-19's emergence was a completely unexpected and unanticipated event. While the pandemic had a detrimental influence on most companies, the virtual school industry was one of the few that prospered and flourished during these difficult times.

Mental fitness Apps Market Analysis: Rising stress levels in people due to prolonged working hours and changing lifestyles have degraded health conditions. Many companies are providing premium subscriptions of top mental fitness apps for having a good healthy life. This has resulted in rise in demand for mental fitness apps.

Behavioural Biometrics Market Trends: With an increase in the number of mobile phones and mobile net banking, there has been a rapid growth in mobile banking. Fraudsters are targeting digital transactions, and this is one of the key factors driving the global behavioural biometrics technology market.

Mobile optical Pluggable Market Forecast: High data transfer rates, such as 400G, 200G, and 100G, are supported by mobile optical pluggable. As a result, a rise in demand for high-speed data transceivers might propel the market for mobile optical pluggable transceivers to new heights regardless of the weather.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & chemical and materials, our coverage is expansive, but we ensure even the most niche categories are analysed. Reach out to us with your goals, and we'll be an able research partner. 

Contact:
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Suite 400
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United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

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