According to FutureWise analysis the market for meditation in 2023 is US$ 6.98 billion, and is expected to reach US$ 27.53 billion by 2031 at a CAGR of 18.72%.
Meditation is a practise for improving attention and awareness, as well as achieving a cognitively clear and emotionally serene and stable state, by focusing the mind on a single object, thought, or activity. Meditation is practised in a wide range of religious traditions. The Upanishads of Hindu philosophy include the first records of meditation (dhyana), and meditation is an important part of Buddhism and Hinduism's contemplative repertoires. Asian meditative techniques have expanded to Western countries since the 19th century, where they have found use in non-spiritual contexts like as business and health. Meditation has been shown to reduce stress, anxiety, sadness, and pain[6] while also improving peace, perception, self-concept, and overall well-being. In recent years, the fast-changing, productivity-driven, and stressful nature of all day-to-day activities has raised a lot of interest in meditation. According to the University of Pennsylvania School of Medicine, around one out of every four Americans suffers with severe insomnia. This has piqued the curiosity of investors who want to put money into a global market that is expected to grow at 2.3 times its current size by 2030. Mental diseases are afflicting an increasing number of individuals, necessitating highly effective and modern treatment to lessen the number of patients impacted.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Meditation Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Meditation Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.