Press release
Rising Disorders Drive Expansion In Mental Wellness Market: A Significant Driver Propelling The Mental Wellness Market In 2025
Mental Wellness Market Size
What Is the Expected Mental Wellness Market Size During the Forecast Period?
The size of the mental wellness market has seen robust growth in the past few years. This sector is expected to expand from a value of $174.15 billion in 2024 to $186.94 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth in the historical period include the rise in mental health awareness, the reduction of societal stigma, the introduction of corporate wellness programs, advancements in telehealth, and government initiatives.
The mental wellness industry is predicted to witness robust expansion in the forthcoming years. By 2029, it is projected to reach a value of $262.65 billion, growing at a compound annual growth rate (CAGR) of 8.9%. The expected spurt in growth during the forecasted period can be linked to several factors including the increased usage of wearable devices, global advocacy for mental health, emphasis on preventive mental health measures, the advent of virtual reality therapy, and personalized mental wellness solutions. Some important trends during this period are likely to be the rise of digital platforms for mental health, corporate mental health initiatives, the inclusion of artificial intelligence (AI), cultural diversity and inclusivity measures, and comprehensive wellness ecosystems.
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What Are the High-Growth Segments in the Mental Wellness Market?
The mental wellness market covered in this report is segmented -
1) By Type: Senses Spaces, Sleep, Brain Boosting Nutraceuticals And Botanicals, Self-Improvement, Meditation and Mindfulness
2) By Service: Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services, Other Services
3) By Age: Adult, Geriatric, Teenager
4) By Disorder: Depression, Anxiety, Schizophrenia, Substance use disorder, Bipolar disorder, Alcohol use disorder, Post-traumatic stress disorder, Eating disorder, Other Disorder
Subsegments:
1) By Senses Spaces: Aromatherapy Products, Sound Therapy Solutions, Light Therapy Devices
2) By Sleep: Sleep Aids and Supplements, Sleep Tracking Devices, Sleep Environment Enhancements
3) By Brain Boosting Nutraceuticals and Botanicals: Nootropics, Herbal Supplements, Omega-3 Fatty Acids
4) By Self-Improvement: Personal Development Courses, Coaching and Mentoring Services, Journaling and Self-Reflection Tools
5) By Meditation and Mindfulness: Guided Meditation Apps, Mindfulness Training Programs, Breathing Exercises and Tools
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What Key Drivers Are Expected to Influence Future Mental Wellness Market Growth?
The rise in the number of mental health disorders is anticipated to fuel the expansion of the mental wellness market in the future. Mental health disorders significantly disrupt a person's cognitive, emotional, and behavioral functioning, typically causing distress or significant impairment in essential life areas. The growing prevalence of these disorders broadens the scope of the mental wellness market, as it helps reduce and treat these conditions. As an example, the Health and Social Care Information Centre - a UK federal organization providing resources, data, and IT services for professionals and administrators in the health and social care sectors - reported in November 2022 that the percentage of 17 to 19-year-olds suspected of having a mental disorder rose from 17.4% in 2021 to 25.7% in 2022. Consequently, the escalating number of mental health disorders is propelling the mental wellness market.
Which Companies Hold the Largest Share Across Different Mental Wellness Market Segments?
Major companies operating in the mental wellness market include CVS Health Corporation, Ascension Health Alliance, Fitbit Inc., BetterHelp Inc., Vitality Group Holdings Limited, Pyramid Healthcare Inc., Calm.com Inc., Virgin Pulse Inc., Hinge Health Inc., Headspace Inc., CareTech Holdings Inc., Franklin Covey Co, Acadia Healthcare Company Inc., Behavioral Health Network Inc., CuraLinc Healthcare LLC, Promises Behavioral Health LLC, Aduro International LLC, SkillPath, Amare Global LLC, Castlight Health Inc., Happify Health Inc., Wellsource Inc., HealthCheck360 LLC, Sanvello Health Inc., Flow Neuroscience AB, LifeDojo Inc., Prosoma Inc., Clementine Holdings Inc., Sesh Labs Inc.
What Trends Are Driving Growth in The Mental Wellness Market?
The primary trend rising in prominence in the mental wellness market is product innovation. Many key players in the market are focusing on the creation of novel products to consolidate their market standing. For instance, Swanson Health, a US producer of wellness items such as vitamins and nutraceuticals, unveiled an ingenious product, Swanson W/I/O (Wellness Inside and Out), in August 2022. This product line is a select collection of nutritional aids aimed at self-care and mental health. These products are designed to assist consumers in compiling a personalized kit targeting sleep, anxiety, and cognition, which are pivotal aspects of mental wellness. Swanson W/I/O is dedicated to enhancing mental health and ensuring high-quality products are accessible, affordable, and usable for all.
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What Are the Emerging Geographies for The Mental Wellness Market Growth?
North America was the largest region in the mental wellness market in 2024. The regions covered in the mental wellness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mental Wellness Market?
2. What is the CAGR expected in the Mental Wellness Market?
3. What Are the Key Innovations Transforming the Mental Wellness Industry?
4. Which Region Is Leading the Mental Wellness Market?
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