Global Mental Health Market Overview:
The latest report published by IMARC Group, titled “Mental Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the mental health market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global mental health market reached a value of US$ 402.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 493.8 Billion by 2027, exhibiting at a CAGR of 3.57% during 2022-2027.
Mental health refers to an individual’s state of well-being that enables them to feel, act and think. It includes social, psychological, and emotional well-being, which helps them analyze their capabilities and enhance work productivity. Along with this, it also facilitates an individual’s ability to empathize, modulate and express their emotions and recognize others’. However, mental health is often affected by certain factors, such as life experiences and biological factors. Mental health imbalances can also result in severe physical health problems, including headaches, muscle tension, migraine, and digestive issues.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Mental Health Market Trends:
The global market is primarily driven by the changing lifestyle patterns of the masses. This is supported by the rising prevalence of chronic illnesses and the hectic schedules led by individuals. Along with this, the rapid outbreak of coronavirus disease (COVID-19) and the subsequent lockdown restrictions implemented by the governments of several countries across the globe have adversely affected the mental health of individuals. This has encouraged them to seek mental health solutions, including therapy and medication, which is creating a positive outlook for the market.
Additionally, a considerable increase in the unemployment rates on the global level is also affecting the mental health of the masses. Furthermore, the increasing awareness regarding the importance of seeking help and undergoing treatments for mental health disorders is creating a favorable outlook for the market. The market is further driven by the significant growth in the healthcare sector and the rising investments by private and public firms to upgrade the existing healthcare infrastructure.
Global Mental Health Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players 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
- Sevita (The MENTOR Network)
- Universal Health Services Inc.
Breakup by Disorder:
- Schizophrenia
- Alcohol Use Disorders
- Bipolar Disorder
- Depression and Anxiety
- Post-traumatic Stress Disorder
- Substance Abuse Disorders
- Eating Disorders
- Others
Breakup by Service:
- Emergency Mental Health Services
- Outpatient Counselling
- Home-based Treatment Services
- Inpatient Hospital Treatment Services
- Others
Breakup by Age Group:
- Pediatric
- Adult
- Geriatric
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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