Mental Health Market 2023 Key Trends, Survey Report 2031

The global mental health market revenue was US$ 397.4 billion in 2021. The global mental health market revenue is forecast to reach US$ 539.97 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2022-2030.

The symptoms of mental health problems include an absence of positive emotions, low moods, and a range of behavioral, cognitive, and physical symptoms. About 1 in 5 people suffer from this condition. Genetics, stress, and brain chemistry are all factors that lead to depression. The WHO estimates that more than 264 million people of all ages affected by depression in 2020. Globally, depression causes a significant number of disabilities and contributes significantly to the global burden of disease.

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Factors Influencing Market Growth

Increased prevalence of chronic diseases and behavioral health, increased awareness of stress management, and advocacy for human rights and education drive the growth of the global mental health market.Increasing costs of mental health programs and substance abuse may negatively impact the growth of the global mental health market.

A few countries are investing heavily in innovative digital and telecommunications solutions and more mental health professionals. Therefore, it will generate lucrative opportunities in the global mental health market during the forecast period.

Impact Analysis of COVID-19

The COVID-19 pandemic had led to an increase in mental health cases among the people. The factors such as fear of the virus itself, collective grief, prolonged physical distance, and social isolation have contributed to the rise in mental health cases. As a result, the demand for mental health treatment raised.

Accordingly, the mental health market expanded globally. In spite of this, there were disruptions to mental health treatment due to lockdown and closure of clinics. In addition, only emergency mental health services were available, while non-emergency services had a delay. As a result, the treatment took longer than usual.

Regional Insights

In 2020, North America led the mental health market, and it is forecast to maintain that dominance over the forecast period. Health care professionals and individuals working in the corporate industry have become increasingly aware of mental health due to advancements in advanced technologies.

Furthermore, an increase in mental health developments in the healthcare sector and the presence of major players operating in the region contribute to the mental health market's growth.

The Asia-Pacific region is forecast to grow at the fastest rate during the forecast period. A rise in health awareness, a development in healthcare infrastructure, and a profusion of hospitals with advanced medical equipment have led to a rise in the number of hospitals with advanced medical equipment.

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Leading Competitors

The leading prominent companies profiled in the global mental health market are:

Acadia Healthcare
The MENTOR Network
Universal Health Services, Incorporated
Behavioral Health Network, Incorporated
CareTech Holdings PLC
Strategic Behavioral Health
Ascension Seton
North Range Behavioral Health
Pyramid Healthcare
Promises Behavioral Health
Other Prominent Players

Scope of the Report

The global mental health market segmentation focuses on Disorder, Services, Age Group, and Region.

Segmentation based on Disorder

Schizophrenia
Alcohol Use Disorders
Bipolar Disorder
Depression
Anxiety
Post-traumatic Stress Disorder
Substance Abuse Disorders
Eating Disorders
Other Disorders

Segmentation based on Services

Emergency Mental Health Services
Outpatient Counselling
Home-based Treatment Services
Inpatient Hospital Treatment Services
Other Services

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Segmentation based on Age Group

Pediatric
Adult
Geriatric

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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