Calm, Headspace, Inc., and INSCAPE were Dominating the Global Meditation Market in 2021

Global Meditation Market is expected to grow with the CAGR of 18.5% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global meditation market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in global meditation market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In May 2021, MOBIO INTERACTIVE announced that they developed personalized mental health therapy for people affected by the COVID-19 pandemic, which has detrimentally impacted mental health worldwide, causing increased stress, anxiety, and depression. This therapy tremendously helped people during the pandemic and thereby generating more revenue for the company

Calm is the dominating player in the global meditation market The other key players existing in the market includes are Smiling Mind, Inner Explorer Inc., Committee for Children, Stop, Breathe & Think PBC, Simple Habit, Inc., Headspace Inc., Inscape, Insight Network Inc., Waking Up, LLC, FeelVeryBien, s.a.s., MEDITOPIA, BetterMe, Aura Health, Sanity & Self, TEN PERCENT HAPPIER, Inward Inc, Portal Labs Ltd., MOBIO INTERACTIVE, and MindfulnessEverywhere among others.

Meditation MarketCalm

The app focuses on to make world happier and healthier through their meditation application. The company also provides various product categories calm masterclass, breathing exercises, meditations, relaxing scenes & sounds, sleep stories, calm music in which the market focus products lie under meditations.

For instance,

  • In July 2020, As per the Los Angeles Times report, Calm application has crossed around 52 million downloads and has achieved one of the best meditation apps in mindfulness practices and helped people sleep peacefully with its music and session through application. This has helped company to increase its revenue through the application and reached globally

Headspace, Inc.

Headspace Inc. was founded in 2010 and is headquartered in California, United States. The app focuses on improving the health and happiness of the world through meditation and mindfulness programs. The company provides various product categories including meditation, sleep, stress, mindfulness among others in which the market focus products lie under meditation. The company has initiated many strategic initiatives to expand its market.

For instance,

  • In July 2016, Headspace Inc. launched Meditation App for Children. Headspace for Kids aims to encourage children to feel “calm and focused” through a series of short meditation exercises. This helped the company to focus on various age groups in the market.

Inscape

The company focus is to relieve stress and anxiety of people through audio guided meditation sessions. The company also provides various product categories stress, anxiety in which the market focus products lie under stress, anxiety.