Mental Health Apps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Mental Health Apps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Mental Health Apps Market

The mental health apps market size was valued at USD 5.05 billion in 2022, and the market is now projected to grow from USD 5.72 billion in 2023 to USD 16.50 billion by 2030, exhibiting a CAGR of 16.3% during the forecast period of 2023-2030.

Due to the outbreak of COVID-19 in 2020, there was rapid market growth due to major rise in mortality rates and World losing millions of job opportunities and such resulted to having people in poverty line. Indeed, these circumstances influenced increasing mental health disorders around the world, which was most likely connected with the popularization of different mental health issues. This period increased symptoms and vulnerability to various disorders and life difficulties in persons experiencing them due to the stress and uncertainty that the pandemic environment caused. Thus, there was a definite demand of mental health and requirements for such a center.

Neurological diseases are on the rise globally, which is evident from the fact that the number of Americans, aged 65 or over suffering from Alzheimer’s is estimated at 6.7m, the Alzheimer’s Association has estimated for 2023. Also, the BioMed Central Ltd published a study in May, 2023 to show that the prevalence of the anxiety disorder globally was at 4.05 % that was about 324 million of the world’s population. These statistics point to the fact that population all over the world continue to experience the effects of neurological or mental health disorders. Thus, the requirements for efficient therapies and interventions are growing accordingly.

Mental health disorders have become more common in the society requiring awareness lobby to enhance management of mental health. As a result, most governments and regulatory authorities in different countries have intensified efforts to convene awareness campaigns on mental health. These actions are taken, in efforts to ensure the people denote their knowledge of health issues and need to seek help, without the feeling of a socially perceived drawback. Importantly, these initiatives tend to focus on strategies’ efficiency for improving mental health support in communities.

Comprehensive Analysis of Mental Health Apps Market

The mental health apps market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by platform analysis, by application type analysis and by end-user analysis. By platform analysis include iOS, android, and others. By application type analysis include depression & anxiety management, meditation management, stress management, wellness management, and others. By end-user analysis include healthcare providers, homecare settings, and others.

The North America region lead the mental health apps market share by benefitting a market size of USD 2.37 billion in 2022 due to increasing prevalence of mental health disorders in the region.

The top players in the markets have a central responsibility in the healthcare industry to be sure of industrial prospectus development and to establish the market norms. These players include, Mindscapes, Calm, MoodMission, Sanvello Health, Headspace Inc., BetterHelp, Happify, Inc., Talkspace these market players provide a level-playing competitive landscape.

In October 2023, Headspace Inc. announced the unification of all its service offerings under the brand Headspace Care to enhance accessibility for its users.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 16.3% from 2023-2030

Unit Value (USD billion)

Segmentation By Platform

iOS

Android

Others

By Application

Depression and Anxiety Management

Meditation Management

Stress Management

Wellness Management

Others

By End-user

Healthcare Providers

Homecare Settings

Others

By Region

North America (By Platform Type, By Application, By End-user, and By Country)

U.S.

Canada

Europe (By Platform Type, By Application, By End-user, and By Country/ Sub-region)

U.K.

Germany

France

Spain

Italy

Scandinavia

Rest of Europe

Asia Pacific (By Platform Type, By Application, By End-user, and By Country/ Sub-region)

Japan

China

Australia

India

Southeast Asia

Rest of Asia Pacific

Latin America (By Platform Type, By Application, By End-user, and By Country/ Sub-region)

Brazil

Mexico

Rest of Latin America

Middle East & Africa (By Platform Type, By Application, By End-user, and By Country/ Sub-region)

South Africa

GCC

Rest of Middle East & Africa


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