Do you want to know about “Mental Health Apps Market” 2021 - 2030? CAGR will be more than 23.7% to worth US$ 3,918.40 Mn.

A comprehensive research study titled Mental Health Apps Market has recently been added by Absolute Markets Insights to its extensive repository. The statistical data has been compiled by means of qualitative and quantitative research methodologies which help to make informed business decisions. The report also sheds light on the various market dynamics of the business such as drivers, restraints, and opportunities.

Additionally, it also offers analytical data of trading attributes like local consumption, global consumption, import, and exports. The base year considered for the study is 2015-2030 and the forecast period for the publication is 2021-2030. The entire demand-supply chain has been exclusively examined by researchers.

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• The global geographical regions such as North America, Latin America, Asia-Pacific, Africa, and Europe are further considered for the study of dynamic aspects of the businesses. Different top-level key players are also enlisted in order to obtain in-depth knowledge and informative data of companies. Some of the key players are further profiled in this research report, which includes Addicaid, Aurora Health Care, Calm, MoodTools, NOCD Inc., Recovery Record, Sanvello (Pacifica Labs, Inc.), Happify, Inc., HEADSPACE INC., Mayo Foundation for Medical Education and Research (MFMER), Mindshift Interactive, and others Different industry analysis tools such as SWOT and Porter’s five-technique are also used while analyzing the global Mental Health Apps Market market.

Another factor driving growth of the metal health apps market is the presence of social stigma in the societies related to visiting a psychiatrist for receiving mental health treatment. In some of the parts of society, still, mental health is considered as taboo, due to which, fear associated with mental health treatment has been prevailing. According to WHO statistics, one out of four people struggle with mental health issues and two-thirds of those affected do not seek help for their issues. For this, mental health apps are the best solutions that drive the target market growth owing to the secrecy of the individual who wants to keep his privacy regarding the mental health treatment. The individual can get better treatment from the apps as well as there wouldn’t be any compulsion regarding the revealing of the mental health treatment. Also, video call or audio call feature in the app is anticipated to propel the mental health apps market growth over the forecast period as the patient may feel the need of more personal interaction with the therapist.

Smart watches and smart screens have connectivity with meditation apps. Increasing use of smart watches and smart screens has become a new norm for monitoring mental health and well-being. This is expected to help growing adoption of mental health apps offering seamless internet of things (IOT) connectivity. Every month, companies and researchers launch new smartphone apps, smart watches, and sensor technologies for the health care market. This has led to an increased adoption of technological solutions for the management of clinical, administrative, and financial functions of mental health care practices. This in turn is augmenting the growth of the mental health apps market.

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The detailed research study provides qualitative and quantitative analysis of the global mental health apps market. The mental health apps market has been analyzed from demand as well as supply side perspective. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional & global presence as well as growth strategies. The geographical analysis emphasizes on each of the prominent countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Key Findings of the Report:

• In terms of revenue, the global mental health apps market is expected to reach US$ 3,918.40 million by 2027 owing to increasing levels of stress among societies due to addiction to different substances and lowering social interactions

• The market is poised to witness strong growth over the forecast period owing to awareness created by World Health Organization (WHO) and various governments regarding importance of mental health

• Based on region, North America held the majority market share in 2018 attributed to the presence of high levels of awareness related to significance of mental health in the U.S. and Canada. However, Asia Pacific is expected to grow at the fastest speed over the forecast period pertaining to increasing population and growing adoption of android and iOS platforms

• Some of the prominent players operating in the global mental health apps market include Addicaid, Aurora Health Care, Calm, MoodTools, NOCD Inc., Recovery Record, Sanvello (Pacifica Labs, Inc.), Happify, Inc., HEADSPACE INC., Mayo Foundation for Medical Education and Research (MFMER), Mindshift Interactive, and others.

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Global Mental Health Apps Market:

• By Operating System
 iOS
 Android
 Others

• By Subscription Model
 Monthly
 Yearly

• By Mental Health App Types
 Mental Disorder Apps
 Substance-use Disorders Apps
 Co-occurring disorders Apps
 Co-existing disorders
 Others

• By Geography
 North America
• U.S.
• Canada
• Mexico
• Rest of North America
 Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
• Benelux Union
 Belgium
 The Netherlands
 Luxembourg
• Rest of Europe
 Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
• Rest of Asia Pacific
 Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
 Latin America
• Brazil
• Argentina
• Rest of Latin America

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