Mental Health Application Market Size | Global Industry SWOT Analysis Report with COVID19 Impacts by 2026

According to MarkNtel Advisors' research report, "Global Mental Health Application Market Analysis, 2021," the market is likely to grow at a CAGR of 31% in the forecast period of 2021-26. The increasing prevalence of mental health disorders, stress levels because of addiction entwined with self-assessment/management & awareness programs marketed by the World Health Organization (WHO) are the prime factors influencing the market growth in the forecast period. Moreover, lack of social interactions, the nature of 24*7 services offered online, high privacy & confidentiality, accessibility, portability, and cost-effectiveness are other critical aspects likely to propel the overall market growth in the forecast period.

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Key Questions Answered in the Study
1. What are the current and future trends in the Global Mental Health Application Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Mental Health Application Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Mental Health Application Market service providers across various regions?

Patients to Witness the Fastest Growth

Based on End-Users, the Global Mental Health Application Market segments into Providers, Payers, and Patients. Here, Patients are more likely to attain the fastest market growth in the forecast years. It owes to several supporting factors like the surging number of patients making use of mental health services in households & offices for self-care & better mental state of employees. Besides, the burgeoning need for mental health solutions for curing a spectrum of mental disorders like schizophrenia, depression, & anxiety and the growing awareness about the mental ailments among youth & adult populace shall further augment the market scope over the forecast period among Patients.

"Global Mental Health Application Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Mental Health Application providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

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Monthly Subscription Apps Attains the Largest Market Share

Based on the Subscription Model, the Global Mental Health Application Market segments into Monthly, Yearly subscriptions. Between the two, the Monthly Subscription app is more likely to attain the largest share in the forecast period of 2021-26. The market is very likely to generate more revenue from paid monthly subscribers, prominently due to the services offered in a paid subscription like tele prescription, teleconsultation, and online screening tests. Hence, the need to continue with the treatment and diagnosis entwined with the factors cited above shall drive the segment to grow with the largest share in the forecast period, reveals MarkNtel Advisors in their research report, "Global Mental Health Application Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Global Mental Health Application Market are 7 Cups, Addicaid, Calm, NOCD, Recovery Record, Sanvello, Happify Inc., Headspace, Mayo Foundation, Mindshift Interactive, MY3, Silvercloud Health, etc.

Market Segmentation:
1. By Operating System (iOS, Android, Others)
2. By Subscription Model (Monthly, Yearly)
3. By Type (Mental Health Disorder Apps, Substance-use Disorder Apps, Co-occurring Disorder Apps)
4. By End-User (Providers, Payers, and Patients)
5. By Application (Smartwatches and Smartphones)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
7. By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, UAE, Saudi Arabia, South Africa),
8. By Company (7 Cups, Addicaid, Calm, NOCD, Recovery Record, Sanvello, Happify Inc., Headspace, Mayo Foundation, Mindshift Interactive, MY3, Silvercloud Health, etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.