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Mental Health Applications Are Predicted To Grow At A Y-o-Y Rate Of 26% Over The Next Few Years

06-14-2022 12:28 PM CET | Health & Medicine

Press release from: Fact.MR

Fact MR Analysis of Mental Health Apps provides compelling insights into the factors propelling sales prospects in key segments. It provides an executive-level blueprint of key market players' strategies and analyses their impact on overall growth projections

According to Fact MR's recent market research, Mental Health Apps sales will increase at propelled CAGR by 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Mental Health Apps will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth potential on the basis of segment.

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Key Segments Covered in the Mental Health Apps Market Study

By Platform Type

Mental Health Apps for Android
Mental Health Apps for iOS
Mental Health Apps for Other Platforms

By Application Type

Mental Health Apps for Depression and Anxiety Management
Mental Health Apps for Stress Management
Mental Health Apps for Meditation Management
Mental Health Apps for Wellness Management
Mental Health Apps for Other Application Types

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Digital Transformation in Healthcare Presenting Opportunities for Mental Health Apps Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Inflammatory Skin Diseases Treatment Market.

Competitive Landscape

By means of collaborative efforts, partnerships, acquisitions, and mergers, leading mental health app providers are striving to expand their reach globally. A growing number of medical service providers are integrating the latest virtual technologies to enhance advanced mobile applications, due to the increased penetration of technological advancements in the healthcare sector. Besides, extensive R&D activities, new AI-based developments constitute other expansion strategies of key players. Some notable developments are as follows:

In April 2021, Offshore Titans, an online platform aimed at promoting mental health in the oil and gas industry, teamed up with the developer of a mobile app that reduces workplace stress. By using the app, workers will have the opportunity to inform their employer of any issues or concerns in real-time, anonymously.
In August 2021, K Health, a digital primary care platform providing high-quality, individualized healthcare to millions of adults and children, announced the acquisition of Trusst, an app that connects consumers and providers of on-demand text-based therapy. This acquisition will expand K Health's mental health services.

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Report Benefits & Key Questions Answered

Mental Health Apps Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
Mental Health Apps Historical volume analysis: The report provides a comparison of Skincare Serums's historical sales and projected sales performance for 2021-2031.
Mental Health Apps manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Inflammatory Skin Diseases Treatment Market. It carefully gauges the impact of changing healthcare needs of key demographics globally
Mental Health Apps Consumption by demographics: The report investigates consumer behavior affecting Mental Health Apps demand outlook for the assessment period. Effect of their keenness for digital trends on Mental Health Apps is carefully analyzed
Post COVID consumer spending on Inflammatory Skin Diseases Treatment Market: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Mental Health Apps growth.

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About Fact.MR

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