Mental Health Market Size, Share, Industry Overview and Forecast 2026-2034

IMARC Group, a leading market research company, has recently released a report titled "Mental Health Market Size, Share, Trends, and Forecast by Disorder, Service, Age Group, and Region 2026-2034." The study provides a detailed analysis of the industry, including the global mental health market size, share, trends, growth and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Mental Health Market Overview:

The global mental health market size reached USD 460.6 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 581.2 Billion by 2034, exhibiting a growth rate (CAGR) of 2.62% during 2026-2034. This steady growth is driven by rising demand for mental health services, technological advancements like telehealth, supportive government policies, and increased corporate focus on employee mental well-being. North America dominates the market with a share of over 56.4% in 2025.

Study Assumption Years:

• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Mental Health Market Key Takeaways:

• Current Market Size: USD 460.6 Billion in 2025
• CAGR: 2.62% (2026-2034)
• North America held the largest market share, accounting for over 56.4% in 2025.
• Depression and anxiety lead the market with about 52.3% share in 2025.
• Inpatient hospital treatment services dominate with approximately 43.5% market share in 2025.
• The adult age group holds the largest market share at around 53.5% in 2025.
• The mental health market growth is propelled by awareness, technological innovation, government initiatives, and the COVID-19 pandemic impact.

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Market Growth Factors:

In particular, the mental health market is benefiting from growing awareness of mental health issues worldwide. According to the World Health Organisation, in 2019, 970 million people globally were estimated to have a mental disorder. Anxiety and depression are the most common. Increased awareness has reduced stigma and led to increased demand for a diverse array of mental health services such as counseling, therapy, and online services.

Technologies such as telemedicine and mobile mental health apps have helped improve access to mental health services; telehealth in particular transcends geographic barriers, allowing remote and underserved populations to be evaluated by specialists. The onset of COVID-19 led to an important increase in telemedicine platforms and 4,347% increase in telehealth claims in the US between March 2019 and March 2020. Additional factors enabling the growth are convenience, confidentiality, and availability of services 24 hours a day, 7 days a week.

Corporate focus on employee mental well-being is another growth driver, with employers realizing that employee mental health leads to productivity, performance, and job satisfaction. An opportunity is that support for mental health from employers, such as employee assistance programs, training and flexible work arrangements, has been found to help with talent pipelines. A 2023 report from the World Economic Forum found 18% of organizations. However, with improved prioritization has also come greater organizational demand for workplace mental health services and destigmatization of mental health.

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Market Segmentation:

Analysis by Disorder:

• Schizophrenia
• Alcohol Use Disorders
• Bipolar Disorder
• Depression and Anxiety
• Post-traumatic Stress Disorder
• Substance Abuse Disorders
• Eating Disorders
• Others

Analysis by Service:

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

Analysis by Age Group:

• Pediatric
• Adult
• Geriatric

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Recent Developments & News:

• October 2024: Mental Health America partnered with Otsuka America Pharmaceutical, Inc. to launch an Equity Impact Zone grant to address mental health equity gaps in New Jersey.
• January 2024: Acadia Healthcare entered a joint venture with Ascension Seton to expand behavioral health services in Austin, Texas, and nearby areas.
• July 2023: Acadia Healthcare announced a joint venture with Nebraska Methodist Health System to build a 96-bed behavioral health hospital in Council Bluffs, Iowa, to enhance regional access to services.

Key Players:

• Acadia Healthcare
• Ascension Seton
• Behavioral Health Network Inc.
• CareTech Holdings PLC
• North Range Behavioral Health
• Promises Behavioral Health
• Pyramid Healthcare
• Strategic Behavioral Health LLC
• Sevita (The MENTOR Network)
• Universal Health Services Inc.

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement.

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This release was published on openPR.