Artificial Intelligence (AI) in Mental Health Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global artificial Intelligence (AI) in mental health market is anticipated to grow at a CAGR of 38.1% during the forecast period (2023-2030). In recent years, technological advancements have significantly impacted the field of mental health, particularly with the integration of Artificial Intelligence (AI). There is a conisderable surge in the use of AI-powered tools such as natural language processing, machine learning, deep learning, chatbots, and virtual assistants in mental health markets. These technologies play a vital role in providing support, advice, and communication channels for individuals undergoing mental health treatments.

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Chatbots have emerged as a crucial tool in mental health care, offering continuous support to patients. They can assist individuals in coping with symptoms and identify specific keywords that might necessitate human intervention. According to the National Institute for Mental Health, there are over 13 million Americans dealing with serious mental illnesses. Technology, especially AI, has become instrumental in addressing this challenge. For instance, Chatbots can automate tasks like recognizing emotions, enabling the automation of screening, diagnosis, treatment recommendations, and psychosocial therapy.

Apart from this, according to the the Centers for Disease Control and Prevention (CDC), nearly 11% of adults have seriously contemplated suicide. In such a scenario, technology acts as a lifeline, providing timely assistance and support. Thus, the software manufacturers are conducting R&D activities to introduce advanced and technologicaaly-ugraded mental health care services. For instance, in September 2021, lyra health introduced the first technology-integrated care solutions designed to address serious mental health issues such as alcohol use disorder (AUD), suicidality, and other complex mental health diagnoses. the company is a comprehensive treatment program that helps people reduce drinking or attain sobriety and addresses problematic alcohol use through virtual therapy, group sessions, ongoing symptom assessments, peer recovery support specialists to help members stay on track, digital lessons that teach coping skills, and medication to fight cravings.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Lyra Health, Inc., Marigold Health, New Life Counseling, Mental Health LLC, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Artificial Intelligence (AI) in Mental Health Market Report Segment

by Component

• Software
• Services
• Hardware

by Technology

• Machine Learning (ML) and Deep Learning
• Natural Language Processing (NLP)
• Virtual Reality (VR)/ Augmented Reality (AR)
• Others (Analytics, Speech Recognition, Computer Vision)

by Application

• Patient Behavioral Pattern Recognition
• Mental health diagnosis and assessment
• Personalized treatment
• Virtual Therapies and chatbot support
• Mental Health Monitoring and Tracking
• Research and Development

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Global Artificial Intelligence (AI) in Mental Health Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Biobeat
• Ginger.io, Inc.
• Meru
• Mindspring Mental Health Alliance
• New Life Solution, Inc.
• Quartet
• Spring Care Inc.
• Talkspace
• Woebot Health
• Wysa Ltd.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

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