Emerging Mental Health Devices and Platforms Market Regional Performance and Global Forecast 2026 to 2035

InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on "Global Emerging Mental Health Devices and Platforms Market - By Trends, Industry Competition Analysis, Revenue and Forecast Till 2034"

According to the latest research by InsightAce Analytic, the global Emerging Mental Health Devices and Platforms Market Size is valued at USD 3.9 Bn in 2024 and is predicted to reach USD 33.4 Bn by the year 2034 at a 24.0% CAGR during the forecast period for 2025-2034.

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The COVID-19 pandemic has significantly disrupted the delivery of mental health services worldwide. At the same time, demand for telehealth solutions has increased rapidly due to pandemic-related factors such as social distancing measures, lockdowns, and concerns over virus transmission. In addition, prolonged quarantine and movement restrictions have contributed to a noticeable rise in mental health conditions, including stress, anxiety, and depression, which is expected to further intensify the need for accessible mental health services. Emphasizing the urgency of this issue, Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO), highlighted that the pandemic has severely interrupted essential mental health services at a time of unprecedented need, underscoring the importance of increased investment in mental health programs during and beyond the crisis.

Reducing the high healthcare costs, ensuring quick access to patient data and growing the awareness about digital healthcare services in rural areas will aid to fuel the growth opportunities for this market.

Increasing use of smartphone applications, connected devices, and the internet, rising mental illnesses, advanced medical technologies, changing lifestyle patterns, growing need for home healthcare services, cost-effective treatments, and rising geriatric population facilitate the uptake of the mental health devices and platforms. In addition to this, increasing funding for digital medical services and increasing the focus of pharmaceutical companies in digitalizing the healthcare services are witnessed in propelling the market growth. However, the factors like high cost of devices, data security concerns, and lack of validated scientific data are restraining the development of the market. Moreover, a lack of awareness about mental health devices is also hindering the growth of the market.

North America dominates the market for mental health devices and platforms and will continue this trend over the forecast period, attributable to the high prevalence of mental disorders and the favourable government initiatives undertaken to develop mental health devices and platforms. Secondly, the Europe market is also expected to show significant growth throughout the forecast period, owing to rising awareness about digital healthcare services and the advancement of medical technologies. On the other hand, Asia-Pacific's market is also expected to grow faster in the future. This fastest growth can be due to the high number of patients with mental illnesses in this region. For the remaining regions, a steady growth of this market is expected during the forecast period.

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Many of the key players in this industry are engaged in developing and launching portable mental health devices, making new collaborations, partnerships, expansions and agreements.

Some of the key Players of emerging mental health devices and platforms market are AbleTo, Inc., Calm, Electromedical Products International, Inc., Flow Neuroscience AB, Ginger, Headspace Inc., HAPPIFY HEALTH, Lyra Health, Inc, Monsenso A/S, Neuronetics, Pear, Therapeutics, Inc., Psious, Quartet Health, Talkspace, Teladoc Health, Inc., Woebot Health, Ybrain, INC, Bioself Technology Ltd, INNOVATIVE NEUROLOGICAL DEVICES, Lief Therapeutics, NeuroSigma, Inc, Sentio Solutions Inc, and Other Prominent Players.

Key developments in the market:
In March 2023, Sensate developed a patented relaxation device+app to combat tension, announced that it closed $3.2 million in seed funding in February, led by Incisive Ventures. Sensate's patented relaxation products are reshaping the $4,2 trillion wellness market by providing a simple solution for those seeking respite from the deleterious effects of stress and anxiety.

In Sept 2022, Bioself Technology Ltd. launched the Sensate, a well-being technology device, with HBL supporting design finalisation and facilitating seamless production. Through bone conduction, the product creates infrasound resonance in the thorax in an effort to reduce anxiety and calm the body.HBL collaborated with the client to resolve previous quality issues and focus on the Sensate's final development stage, thereby streamlining the production process.
In Aug 2022, Recently, Ybrain was awarded the Translational Research Award at the Neuroergonomics Conference and NYC Neuromodulation Conference.

Ybrain's award-winning neuromodulation technology, transcranial direct current stimulation (tDCS), is intended for the medical management of major depressive disorder, and it accommodates to patients who wish to manage their antidepressant use. The company's MINDD-STIM+ treatment employs tDCS. This is particularly significant in the post-pandemic world of today, as COVID-19 has caused a surge in new cases.
In March 2021, Happify Health, a startup building digital health tools for mental health and wellness, raised $73 million in funding. The company plans to use the funds to build out more specialized solutions for health plans and pharma companies.

In June 2020, AbleTo, Inc., a leading provider of virtual mental health services, announced an integrated suite of solutions for payers to address the growing mental health needs across their populations with AbleTo's highly effective care model.
In January 2020, Teladoc Health acquired InTouch Health which will provide the company with a network of more than 450 hospitals.

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Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Products
• Platforms
• Devices
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Therapy
• Cognitive Behavior Therapy (CBT)
• Electrotherapy
• Other Therapy
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on End-Users
• Patients
• Providers
• Employers
• Other End-Users
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Applications
• Stress
• Anxiety
• Depression
• Bipolar Disorder
• Schizophrenia
• Other Applications
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2025 to 2034 based on Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America mental health devices and platforms market revenue (US$ Million) by Country, 2025 to 2034
• U.S.
• Canada
Europe mental health devices and platforms market revenue (US$ Million) by Country, 2025 to 2034
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific mental health devices and platforms market revenue (US$ Million) by Country, 2025 to 2034
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America mental health devices and platforms market revenue (US$ Million) by Country, 2025 to 2034
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa mental health devices and platforms market revenue (US$ Million) by Country, 2025 to 2034
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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