Modern consumers have realized how important it is for them to meditate. They are putting emphasis on the self-care part of things, and to achieve good mental well-being, they are turning to meditation apps.
Since we are living in the world of digital technologies, people are looking for convenient options with which they can start doing their meditation exercises with just a few clicks.
Isn’t it becoming a profitable opportunity for entrepreneurs to develop meditation apps, especially when smartphones are accessible to everyone?
Meditation apps provide a positive atmosphere for individuals and relax their minds.
Leading Meditation apps such as Headspace and Calm got 80 million and 133 million downloads in 2023.
These companies are earning a good sum of money as consumer spending has increased in the past few years because they want to relieve their stress.
In this blog, you will learn about meditation app market statistics in 2024 that will blow your mind.
In this digitalized world, people have been exposed to various physical and mental health issues, especially during the COVID-19 pandemic.
Covid itself has become a major driver for people dealing with stress and anxiety, as the never-ending lockdowns and uncertainty about the future put them in a situation where managing their emotions becomes unmanageable.
This significantly increased the demand for meditation and yoga apps because they wanted to reduce stress, anxiety and get a feeling of calmness.
In traditional times, people thought they could sell a Ferrari, become a monk, and go to the Himalayas to live a stress-free life.
However, you don’t need to sit on Himalayan ranges to experience calmness and relaxation.
Meditation has become a central element in everyone’s life, and this can be seen from the increasing number of online searches for Yoga and Meditation apps.
Google search data states that people searching for mindfulness apps or yoga for beginners’ apps have increased by 65% on a year-on-year basis.
2. More than 2500 meditation apps have been released since 2015
Because of the increasing surge in meditation app users, mobile app development companies found an opportunity to enter this market and launch meditation apps to give users a sense of mindfulness.
From 2015-2020, around 2500 meditation mobile apps have been launched.
People undergo a lot of stress and anxiety these days because of increasing work pressure and career uncertainties.
They want something refreshing that can make them physically and mentally fit even if they are jampacked with busy schedules and endless meetings.
They are looking for meditation and wellness apps where they can spend some quality time taking care of themselves.
As a result, 52 million users downloaded the top 10 meditation apps during 2019.
With an increasing number of meditation and wellness apps, Statista – revenue from the meditation app market will increase sharply at an annual growth rate of 8.49% which results in a projected market volume of $7.08 billion in 2028.
Modern consumers have become more health conscious, so they intend to download these apps to bring a positive change in their health and well-being.
If you are a young and talented entrepreneur seeking to develop an engaging meditation app for your business, connect with a leading wellness app development agency to enter this profitable space.
A research study from Statista states that Calm, a meditation app generated 7.7 million in-app revenue as of January 2024 because of its premium features and functionalities.
While Headspace ranks second, it generated 4 million US dollars in revenue.
Alternatively, Sleep Cycle, a Swedish-based app falls into the third category and generated an in-app revenue of 1.4 million dollars in that specified month.
Meditation and mindfulness apps such as Headspace, Calm, etc. are already leading the ground. In 2019, consumer spending on top-grossing meditation apps stood at $195 million.
Calm saw a global consumer spending of 119.19 million US dollars in 2021 because it is packed with premium features and functionalities.
Consumer spending for Headspace accounts for $86 million for the same period. While Meditopia which is a Berlin-based meditation app, saw an impressive growth in consumer spending which is 134 billion US dollars in 2021.
North America accounts for the maximum amount of revenue in meditation apps. They are looking for meditation management apps to manage stress as they have become emotionally health conscious and want a better professional and social health lifestyle.
A State of Mental Health from America report signifies that since the start of the COVID-19 pandemic, a huge proportion of the young population (47.1 million) has focused on mindfulness meditation apps as they deal with anxiety, stress, and mental health conditions as of September 2020.
Before starting your app development journey in this profitable market, consider crafting a user persona for your meditation app.
According to a National health interview survey, Meditation apps are becoming mainstream because there was a substantial increase in the number of users who meditated within the last year. This has increased by 3x as compared to 4.1 percent in 2012.
People living in Western countries such as the US are paying attention to meditation and mindfulness-based programs. A report from MarketResearch.com states that the market growth of the US mediation market touched $2.08 billion during the year 2022.
As per Statista, nearly 31% of the most popular types of purchased health apps are meditation.
The battle between iOS and Android is never over and meditation mindfulness industry is not an exception as well.
Cognitive market research highlights that iOS and Android saw incremental growth in meditation apps, but Mindfulness meditation apps for iOS win the game because of user-centric design and interactive features.
iOS meditation apps come with hidden functionalities such as in-depth tracking options, full customization capabilities, and support for mindfulness tracking.
Though iOS remains to be the preferred platform, Android is getting huge meditation app downloads and hence more revenue because it is the widely used operating system.
It is estimated that Android meditation apps will generate around $74 billion in revenue by 2029 mainly because of advertisements and other monetization strategies.
People in the US are spending more time doing Yoga and mindfulness activities. A study from the Pew Research Center states that nearly 53% of US senior citizens (age 65 years and older) practice meditation at least once a week.
Because of a round-the-clock stressful schedule and growing insecurities about the future, US children are getting into this industry. The use of meditation among US children saw a sudden rise from 0.6% in 2012 to 5.4% in 2017.
This means that the number of children practising Meditation has increased by 3x.
The number of women meditating is almost double that of men.
It has been found in the National Health Interview Survey that women were more likely to go for Yoga and meditation sessions than men. In 2017, 16.3% of women were inclined towards meditation as compared to 11.8% of men.
16. Users love Meditation apps that come with advanced features such as personalized content, audio and video playback
Modern consumers are seeking Meditation apps to deal with stress, anxiety, and other health issues.
No doubt, they want convenience at their fingertips to calm their mind and improve their physical well-being.
But now they want meditation apps to come with premium features and other add-ons such as personalized sessions (based on age and gender), audio & video playback options, tracking their progress, gamified elements, etc.
Integration of revolutionary technology like Virtual Reality (VR) provides immersive experiences to users. They get a calm environment by exploring different places and environments virtually.
Because consumers demand such experiences, the size of the VR-based meditation market will have almost touched $3.9 billion by 2023.
Based on the number of downloads and revenue generation, Calm and Headspace are considered the leading Meditation apps.
The meditation market offers immense potential for future entrepreneurs like you. Connect with our Fitness app development company to turn your visionary idea into a realistic app.
Headspace, your lifelong health guide offers mental health support and has a strong presence in 200 countries around the globe.
Another Meditation app statistic to consider in 2024 is that US users intend to spend most of their time (63%) on InsightTimer as compared to other meditation apps.
The reason behind this is that the users get access to free content (1,90,000+ guided meditation sessions) which they won’t find on other meditation apps.
Unlike offline meditation courses, mobile apps provide flexibility to users to select the time slot as per their convenience. Because users can practice meditation whenever they want, this has exploded the popularity of such apps.
All it means is that people who are meditating for 5-10 minutes are ready to make subscription-based purchases. They are ready to pay even if they spend a short period on such apps.
The above graph indicates that users who are doing meditation for at least an hour are ready to spend $21.95.
Meditation affects the lives of people positively whether it’s related to improving work relationships, overall health, or enhancing athletic performance.
From the above graph, you can see that users who want to improve their athletic performance are willing to spend $18.39. Those who want to improve their professional performance have somewhat less willingness to pay than athletes ($14.38).
Users who are likely to spend more time on meditation apps become habitual users. Most likely, habitual users will bring more opportunities for companies.
From the above graph, you can see that users are interested in choosing apps that let them practice meditation more than once a day with the same subscription plan.
For Instance – Users who practice meditation less than once a week, but at least once per month, are willing to spend USD 4.90. While users who meditate less than once a day but at least once a week, go with a subscription plan which costs you around USD 5.90.
Calm, a meditation app targets the senior population especially the ones who retire. They introduced new services on the app tailored to their needs at discounted prices so they could increase their in-app revenue.
As a result, the annual market potential from private senior homes in California would be around $23.4 million and can earn an additional $158.8 million from private or semi-private retirement homes in the US moving ahead.
An increasing concern of stress-related disorders and lifestyle diseases on the verge is pushing people to spend time on meditation apps. Because people are mentally conscious, they are seeking ways that can help them manage mental health and stress issues.
In this digitized world, people are feeling overwhelmed with corporate tasks, work pressure, and societal challenges. They struggle to focus on one thing at a time as they lack focused attention.
Investing in meditation app development seems to be a valuable resource for users as well as business owners.
By leveraging trends and technologies in the meditation app market, you can gain a competitive advantage.
We at BigOhTech have a dedicated development team who will guide you at every stage of developing meditation apps that increase your business revenue by 73%.
Additionally, we have been dealing with various clients around the globe for over a decade and provide top-notch healthcare and meditation app development services.
If you have an interesting app idea, feel free to contact our team.
You can create a Headspace or Calm-like meditation app in the following ways-
Since 2015, more than 2500 meditation apps have been launched.