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Forecast Year
The global mental health treatment market reached about USD 416.98 billion in 2023 and is expected to grow at a CAGR of 4.9% during the forecast period of 2024-2032. With the growing incidences of mental disorders, the market is expected to reach about USD 641.35 billion by 2032. The growth driving factors include increased mental health awareness and high telemedicine adoption.
Mental health comprises of emotional, psychological, and social well-being. It has an impact on how one thinks, feels, and acts. It also influences how one deals with stress, interacts with others, and makes decisions. Mental health is essential throughout life, from childhood and adolescence to adulthood.
If a person has mental health issues, their thinking, mood, and behaviour may be affected throughout life. There are many factors that lead to mental health issues. Genes and brain biochemistry are examples of biological influences, whereas trauma and abuse are examples of life experiences.
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There is no physical test or scan that can consistently determine whether a person has developed a mental disorder. People should, however, be on the lookout for the following symptoms of a mental health disorder, some of which are as follows:
There are numerous approaches to deal with mental health issues. Treatment is extremely personalised, and what works for one person may not work for another. Some techniques or treatments are more effective when used in conjunction with others. A person suffering from a persistent mental disease may make varied decisions throughout the life.
A few treatment options are psychotherapy, medication, and self-help, among others.
According to the global mental health treatment market research report, the market can be categorised into the following segments:
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Market Breakup by Disorder
Market Breakup by Services
Market Breakup by Treatment Techniques
Market by Age
Market by Region
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In 2019, 1 in every 8 individuals or 970 million people worldwide, suffered from a mental disorder, with anxiety and depression being the most frequent. Because of the COVID-19 pandemic, the number of people living with anxiety and depression increased considerably in 2020. Initial estimates reveal a 26% and 28% increase in anxiety and severe depressive disorders, respectively, in just 1 year. While there are excellent prevention and treatment alternatives, most persons with mental problems do not have access to them. Many people face stigma, discrimination, and infringement of their human rights.
Several governments are increasing their investments in telecommunications and digital technologies, as well as hiring more mental health specialists. Concurrently, mental health awareness programmes are expanding dramatically, resulting in positive market trends. Furthermore, the market is predicted to develop as healthcare infrastructure improves, as occurrences of depression cause disability increase, as the geriatric population grows.
Globally, increasing digitalisation and smartphone and internet adoption are predicted to expand the use of mental health apps. Furthermore, trends shifting from traditional methods of care toward patient-centric and personalised care are encouraging the use of mental health applications. As a result, rising investments in digital mental health are expected to create lucrative prospects for market expansion.
The report gives an in-depth analysis of the key players involved in the global mental health treatment market, sponsors manufacturing the therapies, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Disorder |
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Breakup by Services |
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Breakup by Treatment Techniques |
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Breakup by Age |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market size was valued at nearly USD 416.98 billion in 2023.
The market is expected to grow at a CAGR of 4.9 % during the forecast period of 2024-2032.
The market is expected to reach about USD 641.35 billion by 2032.
The increased awareness about the severity of mental health and the rising availability of treatment will propel the market growth.
The regions included in this market are North America, Latin America, Asia Pacific, Europe, and Latin America. North America accounts for the largest share of the market owing to the easy availability of treatment and increased awareness of the mental health.
Mental health disorders are usually caused by stress, physical and mental trauma, social stigma, and bereavement, among others.
Mental tiredness can occur when your brain is overstimulated or is required to maintain an excessive level of activity without rest.
The key companies in the global market include Acadia Healthcare, Sevita (The Mentor Network), Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings plc, Strategic Behavioral Health LLC, Ascension Seton, Takeda Pharmaceutical Company Limited, Johnson & Johnson, Inc., and Teijin Limited.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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