Market Research Future (MRFR) has published on the “Global Sound Therapy Market”.
The Sound Therapy market is estimated to register a CAGR of 7.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Sound Therapy market— Soundscape, Sound Therapy HK, Red Doors Studio, Ikigai, Soul Sanctuaries, The Singing Bowl Gallery, Alchemie Boutique, White Space Wellness Studio, Fivelements Pte Ltd, SUNU, Mind Body Music Center, and Rooted In Sound.
Sound Therapy Market Highlights
The global Sound Therapy market registered a CAGR of 7.80% during the forecast period. It is estimated to reach USD 3.9 billion by 2032.
Music helps in fetal development and relieves physical and psychological pain, driving the market for Sound Therapy. The memory triggering and unwanted anxiety are restraining the market growth. Additionally, increasing population has created competition amid individuals for social hierarchy, job position, and lifestyle are anticipated to spur the use of Sound Therapy, which is anticipated to promote the growth of the global Sound Therapy market.
Segment Analysis
The global Sound Therapy market has been segmented based on therapy type and application.
On the basis of therapy type, the market is segmented into guided meditation, neurologic music therapy, bonny method, Nordhoff-robbins, tuning fork, and brainwave entertainment. The brainwave entertainment segment was attributed to holding the largest market share in 2022 due to a method for synchronizing brain waves.
Based on application, the global Sound Therapy market has been segmented into tinnitus & hearing, children & learning, emotional & stress relief, and others. The tinnitus & hearing segment was expected to hold the largest market share in 2022 because most people suffer from tinnitus conditions, which helps grow the sound therapy market.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Sound Therapy Market Research Report
Regional Analysis
The global Sound Therapy market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Sound Therapy market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Sound Therapy market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Sound Therapy market comprises of Middle East, Africa, and Latin America.
The largest market share for Sound Therapy was maintained by the North American regional sector, due to the increase in awareness of the beneficial effects of sound therapy. Additional factors promoting market growth include increased investor investments, government support, and the growing fitness facilities. Implementing stringent rules, the growing trend of sound therapy, and the considerable presence of significant technology providers and major production companies all impact the US market.
Moreover, the European market has been persistently growing over the forecast period. The demand for Sound Therapy is driven by the rising analyzing the effectiveness of sound therapies on individuals.
Additionally, due to the increasing awareness of sound therapy and rising per capita income disposable income, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on fitness facilities.
Furthermore, the rest of the world's Sound Therapy market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of sound therapy. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Sound Therapy market is expected to reach USD 3.9 billion by 2032, at a CAGR of 7.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis on raising awareness of sound therapy and increasing per capita income.
- Based on application, the tinnitus & hearing segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Soundscape, Sound Therapy HK, Red Doors Studio, Ikigai, Soul Sanctuaries, The Singing Bowl Gallery, Alchemie Boutique, White Space Wellness Studio, Fivelements Pte Ltd, SUNU, Mind Body Music Center, and Rooted In Sound.
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Companies Covered | 15 |
Pages | 128 |
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