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2021
Mental Health Market

Mental Health Market

by Disorder (Schizophrenia, Alcohol Use Disorders, Bipolar Disorder, Depression, Anxiety, Post-Traumatic Stress Disorder, Substance Abuse Disorders, Eating Disorders, and Other Disorders), Service (Emergency Mental Health Services, Outpatient Counselling, Home-Based Treatment Services, Inpatient Hospital Treatment Services, and Other Services), and Age Group (Pediatric, Adult, and Geriatric): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A11770
Pages: 299
Jul 2021 | 43889 Views
Author(s) : Apoorva S , Onkar S
Tables: 146
Charts: 35
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global mental health market was valued at $383.31 billion in 2020, and is estimated to reach $537.97 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030.

Some countries are investing in innovative digital services and telecommunication solutions and the appointment of more mental health professionals. Thus, it will create a positive impact during forecast period.

Mental health problems are characterized by the absence of a positive emotion, low mood, and a range of associated cognitive, physical, emotional, and behavioral symptoms. It is a very common condition that affects 1 in every 5 individuals. The factors such as genes as well as stress and brain chemistry lead to depression. According to the WHO, more than 264 million people of all ages suffered from depression in 2020. Depression is a leading cause of disability worldwide, and is a major contributor to the overall global burden of disease.  

Mental-Health-Market-Market

Individuals with existing poor mental health are facing a number of risks due to COVID-19, including increased rates of mental ill health and disruption to treatment, medications, and the lifeline of support services and create a negative impact on the market. Furthermore, studies show that COVID-19 is likely to exacerbate existing mental health symptoms or trigger relapse among people with pre-existing mental health illness. Moreover, some countries are investing in innovative digital and telecommunication solutions and the appointment of more mental health professionals. Thus, it will create a positive impact during the forecast period.

Mental Health Market
By Disorder

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Depression segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Increase in prevalence of mental disorders, rise in geriatric population, and growth in awareness program regarding mental health drive the market growth. Moreover, growing awareness about mental disorders through education and advocacy for more respect of human rights and less stigma drive the growth of the global mental health market. However, rise in cost of mental health programs and substance abuse is expected to hamper the market growth.

Mental Health Market Segmentation

The mental health market is segmented on the basis of disorder, services, age group, and region. By disorder, the market is categorized into schizophrenia, alcohol use disorders, bipolar disorder, depression, anxiety, post-traumatic stress disorder, substance abuse disorders, eating disorders, and other disorders. By services, the market is divided into emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services, and other services. By age group, it is fragmented into pediatric, adult, and geriatric. 

Mental Health Market
By Services

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Inpatient Hospital Treatment Services segment is projected as one of the most lucrative segments.

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Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Segment review

Depending on disorder, the depression segment dominated the market in 2020, and is expected to continue this trend throughout the forecast period. This is attributed to the growth in number of cases of anxiety, depression, and suicide have increased concerns regarding mental health across the globe. On the basis of services, the inpatient hospital treatment services segment dominated the market in 2020, and is expected to continue this trend throughout the forecast period. This is attributed to increase incidence of mental diseases, increasing patient pool and ample number of patients deploying mental health solutions to enhance self-care. 

Mental Health Market
By Age-group

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Adult segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

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North America accounted for a major share in the mental health market in 2020, and is expected to maintain its dominance during the forecast period, due to rise in adoption of advanced technologies and increase in awareness of mental health among healthcare professionals and individuals working in the corporate industry. Moreover, upsurge in mental health activities in the healthcare sector to develop novel services and presence of major players operating in the region fuel the growth of the market. However, Asia-Pacific is expected to register highest CAGR from 2021 to 2030, owing to increase in health awareness, development in healthcare infrastructure, and rise in number of hospitals equipped with advanced medical facilities. 

The key players operating in the global market include Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings PLC, Strategic Behavioral Health, Ascension Seton, North Range Behavioral Health, Pyramid Healthcare, and Promises Behavioral Health.

Mental Health Market
By Region

2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 4.4% during 2021-2030

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the mental health market, and the current trends and future estimations to elucidate the imminent investment pockets.
  • It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Mental Health Market Report Highlights

Aspects Details
By Disorder
  • Schizophrenia
  • Alcohol Use Disorders
  • Bipolar Disorder
  • Depression
  • Anxiety
  • Post-traumatic Stress Disorder
  • Substance Abuse Disorders
  • Eating Disorders
  • Other Disorders
By Services
  • Emergency Mental Health Services
  • Outpatient Counselling
  • Home-based Treatment Services
  • Inpatient Hospital Treatment Services
  • Other Services
By Age Group
  • Pediatric
  • Adult
  • Geriatric
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
By Key Market Players
  • Acadia Healthcare
  • The MENTOR Network
  • Universal Health Services, Inc.
  • Behavioral Health Network, Inc.
  • CareTech Holdings PLC
  • Strategic Behavioral Health
  • Ascension Seton
  • North Range Behavioral Health
  • Pyramid Healthcare
  • Promises Behavioral Health
 

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The mental health market gained prominence in 2020, and is expected to witness a significant rise in the near future. This is attributed to rise in incidence of mental disorders, increase in work pressure in offices due to COVID-19, and surge in awareness toward the benefits of mental health services. However, rise in cost of mental health programs and substance abuse is expected to hamper the market growth.

The mental health encompasses cognitive and emotional wellbeing. As per the WHO, mental health is a state of wellbeing in which an individual can cope up with day-to-day stress of life and can work productively. Many factors contribute to a person’s mental health, including biological, life trauma, and family history. Furthermore, growing cases of anxiety, depression, and suicide has increased concerns regarding mental health worldwide; thereby, augmenting the demand for mental health services. For instance, mental and neurological disorders account for 10% of the global disease burden, as per the WHO. Furthermore, increase in number of tele counselling services acts as a major driver for the market growth.

Another key factor likely to drive the demand for these services is rise in mental health issues due to stress, peer pressure, and social & economic hardships. Moreover, a negative work environment can lead to mental health problems. Thus, boosting the market growth.

 

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of mental health market is $383.31 billion in 2020.

A. The forcast period for mental health market is 2021 to 2030

A. The market value of mental health market in 2030 is $537.97 billion.

A. The base year is 2020 in mental health market

A. Top companies such as,Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings PLC held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. In disorder segment depression is the most influencing segment. This is attributed to the growing cases of anxiety, depression, and suicide have increased concerns regarding mental health across the globe.

A. The major factor that fuels the growth of the global mental health market includes Rise in prevalence of chronic diseases and behavioral health, Increase in awareness of stress management, and raising awareness about mental disorders through education and advocacy for more respect of human rights and less stigma drive the growth of the global mental health market.However, the rising cost of mental health programs and substance abuse is expected to hamper the market growth.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to to increase in health awareness, development in health care infrastructure, and rise in the number of hospitals equipped with advanced medical facilities.

A. Mental health is a state of psychological well-being or an absence of any mental illness. It refers to an individual's psychological level of functioning at a suitable level of behavioural and emotional adjustment.

A. emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services, other services.

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