Global Mental Wellness Market is expected to reach a market size of ~US$ 150 billion by 2028: Ken Research

What is the Size of Global Mental Wellness Industry?

Global Mental Wellness market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Mental Wellness Market is largely driven by increasing prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours. The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.

With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people's well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.

Furthermore, the COVID-19 pandemic and strict regulations imposed by various governments have affected people's pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market's growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.

Global Mental Wellness Market by disorder

The Global Mental Wellness market is segmented by Disorder into Depression, Anxiety, Schizophrenia, Substance Use Disorder, Bipolar Disorder, Alcohol Use Disorder, Post-Traumatic Stress Disorder, Eating Disorder and Others.

The Depression segment dominated the market in 2022 since depression is a key factor in the overall global burden of disease and a primary cause of disability worldwide. According to the World Health Organization (WHO) in September 2021 that an estimated 280 million individuals around the world suffer from depression, which affects 3.8% of the population overall, including 5.0% of adults and 5.7% of those over the age of 60.

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Global Mental Wellness Market by type

The Global Mental Wellness Market is segmented by Type into Senses Spaces & Sleep, Brain Boosting Nutraceuticals & Botanicals, Self-Improvement and Meditation and Mindfulness. The Senses Spaces & Sleep segment accounted for the highest market share in 2022 as it includes services, items, and designs that emphasize the senses and the mind-body link, raising awareness of how strongly environmental stimuli affect a person's stress levels, mood, and sleep. The vast majority of sleep- and sleep-environment-optimizing solutions are focused on improving sleep, including accessories, smart beds, wearables, monitors, apps, sleep retreats, and nap cafés.

Key Topics Covered in the Report: -

Snapshot of Mental Wellness Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Mental Wellness Market

Historic Growth of the Overall Mental Wellness Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter's 5 Forces Analysis of the Mental Wellness Market Industry

Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Mental Wellness Market

Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments

Market Size of Segments with Historical CAGR and Future Forecasts

Analysis of the Mental Wellness Market in Global Regions

Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region

Region-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within the Region

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Notable Key Players Mentioned in the Report

Acadia Healthcare

Amare Global

Ascension

Behavioral Health Network, Inc.

CVS Health

CareTech

Headspace Inc.

Promises Behavioral Health

Pyramid Healthcare Inc.

Universal Health Services

Notable Emerging Companies Mentioned in the Report

Wysa

MindPeers

Gratitude

YourDOST

Jeeva

Key Target Audience - Organizations and Entities Who Can be benefited by Subscribing This Report

Manufacturers and Suppliers of Brain Health Supplements

Consultants for Brain Health Supplements

Distributors of Supplements for Brain Health

Brain Health Supplements Companies

Mental Wellness Service Providers

Wellness Solutions Companies

Wellness Products Nutritional Supplement Industries

Wellness Product Manufacturers and Raw Material Suppliers

Suppliers of Raw Materials for Nutritional Supplements

Health Supplements Organizations, Forums, Alliances, and Associations

Mental Wellness Research Organizations, and Consulting Companies

Health Regulatory Organizations and Government Agencies

Government Ministries and Departments of Healthcare

PE and VC Firms focused on Wellness Industry

Startups and Potential Entrants into Wellness Industry

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

https://www.kenresearch.com/business-research/global-mental-wellness-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.