Mental Health Market Overview
Some of the characteristics symptoms of mental health are lack of a pleasant emotion, a depressed mood, and a variety of related cognitive, physical, emotional, and behavioral. One in every five people have this fairly prevalent condition. Depression is caused by a number of variables, including genes, stress, and brain chemistry. In 2020, more than 264 million individuals of all ages had depression, according to the WHO. A substantial component to the overall global disease burden is depression, which is a primary cause of disability globally. Due to COVID-19, those who already have poor mental health face a number of hazards, such as higher rates of mental illness, interruptions in treatment, medicine, and the lifeline of support services, as well as detrimental effects on the market. Furthermore, research indicates that in individuals with a history of mental illness, COVID-19 is likely to increase pre-existing symptoms or cause a relapse. Additionally, several nations are spending money on hiring more mental health specialists and on cutting-edge digital and telecommunications solutions. As a result, during the anticipated time, it will have a favorable effect. The Mental Health Market size accounted for US$ 381.98 billion in 2020 and is estimated to be US$ 527.44 billion by 2030 and is anticipated to register a CAGR of 3.40%.
Mental Health Market Dynamics
Rising prevalence of mental health diseases
Worldwide, the prevalence of mental health diseases is currently rising. This is one of the main causes supporting the market's growth, along with a person's lifestyle, usage of illicit substances, past trauma or abuse, and biological variables like genes or brain chemistry. In addition, the coronavirus illness (COVID-19) outbreak and lockdown limitations imposed by governing bodies of various nations have harmed people's pre-existing mental health symptoms and brought on relapses everywhere. This is helping the industry expand, along with the rising need for hospital services brought on by the growing number of patients who need mental health solutions to encourage self-care.
Additionally, governments in many nations are hiring more mental health specialists and investing in technology and telecommunications solutions. A positive market outlook is being produced by this, together with a notable increase in the number of awareness campaigns about mental health. Other significant aspects that are anticipated to support the market's expansion include expanding geriatric populations, rising occurrences of depression that result in incapacity, and bettering healthcare infrastructure.
As a result of the need to address these issues, mental health solutions are now more widely known and accepted as a way to reduce medication errors and paperwork, boost productivity by providing quick access to patient information, improve workflow effectiveness, and cut healthcare expenses. These advantages have sped up the adoption of mental health software, especially in big hospitals and neighborhood clinics.
Mental Health Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global Mental Health Market is segmented based on disorder, service, age-group and region.
Disorder Insights
On the basis of Disorder, the global Mental Health Market is segmented into Schizophrenia, Post-Traumatic Stress Disorder, Depression Anxiety, Bipolar Disorder, Alcohol Use Disorders and Other Disorder. In 2020, the depression category dominated the market, and it is predicted that this trend would hold throughout the projection period. This is due to the rise in incidences of anxiety, depression, and suicide, which has raised awareness of mental health issues around the world.
Service Insights
On the basis of Product Type, the target market is segmented into Emergency Mental Health Services, Outpatient Counselling, Inpatient Hospital Treatment Services, Home-Based Treatment Services and Other Services. In 2020, the market was dominated by the inpatient hospital treatment services category, and this trend is anticipated to hold during the forecast period. This is due to an increase in the prevalence of mental illnesses, a larger patient population, and a large number of patients using self-care tools for mental health.
Age-Group Insights
Based on End-User, the target market is segmented into Pediatric, Adult and Geriatric. In 2020, the adult market segment dominated and is anticipated to continue to do so throughout the projected period. The rise in popularity of various mental health services among those aged 18 and above are reason for the segment's expansion. This may be a result of adults' stressful job schedules, which also contribute to the rising prevalence of mental health illnesses in adults. For instance, according to the national council for mental well-being, 43.8 million adults in the United States (46.4 %) will have a mental illness throughout their lifetime, and 5% of adults (18+) may experience a mental condition.
Regional Insights:
The Global Mental Health Market size accounted for US$ 381.98 billion in 2020 and is estimated to be US$ 527.44 billion by 2030 and is anticipated to register a CAGR of 3.40%. On region the global Mental Health Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant portion of the global market for mental health in 2020, due to increased adoption of cutting-edge technologies and increased awareness of mental health among healthcare professionals and people working in the corporate sector, and is anticipated to maintain its leadership during the forecast period. Additionally, the expansion of mental health initiatives in the healthcare industry to create innovative services and the presence of significant competitors operating in the region fuel the market's expansion. However, due to rising health awareness, improved healthcare infrastructure, and an increase in the number of hospitals with cutting-edge medical equipment, Asia-Pacific is predicted to see the highest CAGR between 2021 and 2030.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Disorder – Schizophrenia, Post-Traumatic Stress Disorder, Depression Anxiety, Bipolar Disorder, Alcohol Use Disorders and Other Disorder By Service– Emergency Mental Health Services, Outpatient Counselling, Inpatient Hospital Treatment Services, Home-Based Treatment Services and Other Services By Age-Group– Pediatric, Adult and Geriatric |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Development:
- In 2022, as the prevalence of anxiety, depression, and other diseases climbs, Californians facing mental health emergencies will soon be able to receive psychiatric care more easily by calling 988.
- In 2022, although less than 37% of persons with anxiety disorders receive treatment, it is still the most prevalent mental ailment in the country. Wonder Sciences, a life sciences firm dedicated to enhancing mental health through psychedelic medication, today announced the launch of Wondermed as a response to these troubling numbers. Wondermed provides a low-dose, self-administered ketamine lozenge and comprehensive protocol that enable people to go on a secure, self-healing journey from the comfort of home by utilising a holistic strategy that combines psychiatry and psychology.
Global Mental Health Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Mental Health Market Key Players
The leading players operating in the Global Mental Health Market includes
- Being Acadia Healthcare has facilities for behavioral health therapy specialize in assisting those suffering from mental illness, including children, adolescents, adults, and elders.
- Ascension Seton A full-service hospital offering emergency care around-the-clock is Medical Center Austin Hospital in Austin, Texas.
- Behavioral Health Network Inc. is a regional provider of comprehensive behavioral health services for people with mental illness who are adults, kids, and families.
- CareTech Holdings PLC is a care and support provider for kids and adults established in the UK.
- North Range Behavioral Health has specialization in addiction treatment, mental health programs, and education for individuals and families.
- Promises Behavioral Health are drug rehabs and mental health treatment centers are located in diverse settings across the U.S.
- Pyramid Healthcare is a leader in the healthcare industry which includes behavioral health care industry, treating addiction and mental health issues in PA, MD, CT and VA.
- Strategic Behavioral Health LLC provides home health care services and offers behavioral health, mental care, nursing, rehabilitation.
- Sevita (The MENTOR Network) a national provider of home and community-based specialized health care in U.S.
Mental Health Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Mental Health Market
- Key Questions this Study will Answer
- Market Snippet, By Disorder
- Market Snippet, By Service
- Market Snippet, By Age-Group
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Mental Health Market, By Disorder, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Schizophrenia
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Post-Traumatic Stress Disorder
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Depression Anxiety
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Bipolar Disorder
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Alcohol Use Disorders
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Other Disorders
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Mental Health Market, By Service, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Emergency Mental Health Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Outpatient Counselling
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Inpatient Hospital Treatment Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Home-Based Treatment Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Mental Health Market, By Age-Group, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pediatric
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Adult
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Geriatric
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Mental Health Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Disorder, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Service, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Age-Group, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Disorder, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Service, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Age-Group, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Disorder, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Service, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Age-Group, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Disorder, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Service, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Age-Group, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Disorder, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Service, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Age-Group, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Being Acadia Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ascension Seton
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Behavioral Health Network Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CareTech Holdings PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- North Range Behavioral Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Promises Behavioral Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pyramid Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Strategic Behavioral Health LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sevita (The MENTOR Network)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
The Mental Health Market is segmented based on Disorder, Service, Age-Group and region.
Worldwide, the prevalence of mental health diseases is currently rising. This is one of the main causes supporting the market's growth, along with a person's lifestyle, usage of illicit substances, past trauma or abuse, and biological variables like genes or brain chemistry.
North America accounted for a significant portion of the global market for mental health in 2020, due to increased adoption of cutting-edge technologies and increased awareness of mental health among healthcare professionals and people working in the corporate sector, and is anticipated to maintain its leadership during the forecast period.
The key players operating in the Mental Health Market includes being Acadia Healthcare, Ascension Seton, Behavioral Health Network Inc., CareTech Holdings PLC, North Range Behavioral Health, Promises Behavioral Health, Pyramid Healthcare, Strategic Behavioral Health LLC and Sevita (The MENTOR Network).