PUBLISHER: IMARC | PRODUCT CODE: 1423407
PUBLISHER: IMARC | PRODUCT CODE: 1423407
Mental Health Market Report by Disorder, Service, Age Group, and Region 2024-2032
Abstract
The global mental health market size reached US$ 435.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 567.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032. The market is experiencing steady growth driven by rising demand for mental health services and solutions, ongoing advancements in telehealth and digital mental health platforms, increasing corporate focus on employee mental well-being, and favorable government initiatives and policies.
Mental Health Market Trends:
Increasing mental health awareness
The gradual shift in societal attitudes toward mental health has played a pivotal role in shaping the mental health market. As public awareness grows, there has been a substantial reduction in the stigma historically associated with mental health issues. This cultural shift has empowered individuals to seek help and support for their mental well-being without fear of judgment. The destigmatization of mental health represents a significant driver for the market, as more people are recognizing the importance of addressing mental health concerns. This heightened awareness has led to a higher demand for mental health services and solutions, ranging from counseling and therapy to digital mental health apps and telehealth platforms. Moreover, it has prompted governments, organizations, and healthcare providers to extensively invest in mental health resources and infrastructure to meet this rising demand. Overall, the expanding public awareness of mental health issues has improved the lives of individuals seeking help and created a fertile ground for growth within the mental health market, with an increased focus on accessible and effective solutions.
Rapid expansion of telehealth and digital platforms
In recent years, the evolution of telemedicine and the emergence of digital mental health platforms have ushered in a transformative era in mental healthcare. These technological advances represent major drivers of the mental health market by significantly enhancing access to care and support. Telehealth has bridged geographical barriers, enabling individuals to connect with mental health professionals remotely. This has been particularly beneficial in rural or underserved areas, where access to in-person care may be limited. Digital mental health platforms, including mobile apps and online therapy services, offer convenience and privacy, appealing to a wide spectrum of users. The enhanced convenience, accessibility, and affordability of remote mental health services have catalyzed market growth. Individuals can now seek support on their terms, reducing barriers to entry and increasing the overall demand for mental health services. Furthermore, these technologies have gained traction during the recent coronavirus (COVID-19) pandemic, accelerating their adoption and solidifying their position as key drivers in the evolving mental health landscape.
Rising focus of corporates on mental well-being
A notable driver of the mental health market stems from the increasing attention placed on the mental well-being of employees within organizations. As businesses acknowledge the profound impact of mental health on productivity, job satisfaction, and overall company success, they are making substantial investments in mental health programs and services. Employers now understand that a mentally healthy workforce is a more engaged and resilient one. As a result, they are implementing initiatives such as employee assistance programs (EAPs), mental health training, and flexible work arrangements to support their staff's mental well-being. This proactive approach enhances the work environment and reduces absenteeism, turnover, and healthcare costs. This growing corporate focus on employee mental health serves as a driving force for the mental health market. It fuels the demand for mental health services, both preventive and therapeutic, within organizations. Additionally, it contributes to the broader societal shift in acknowledging and addressing mental health concerns, thereby fostering a more supportive and empathetic work culture.
Mental Health Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on disorder, service, and age group.
Breakup by Disorder:
Schizophrenia
Alcohol Use Disorders
Bipolar Disorder
Depression and Anxiety
Post-traumatic Stress Disorder
Substance Abuse Disorders
Eating Disorders
Others
Depression and anxiety accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the disorder. This includes schizophrenia, alcohol use disorders, bipolar disorder, depression and anxiety, post-traumatic stress disorder, substance abuse disorders, eating disorders, and others. According to the report, depression and anxiety represented the largest segment.
Breakup by Service:
Emergency Mental Health Services
Outpatient Counselling
Home-based Treatment Services
Inpatient Hospital Treatment Services
Others
Inpatient hospital treatment services hold the largest share in the industry
A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services, and others. According to the report, inpatient hospital treatment services accounted for the largest market share.
Breakup by Age Group:
Pediatric
Adult
Geriatric
Adult represents the leading market segment
The report has provided a detailed breakup and analysis of the market based on the age group. This includes pediatric, adult, and geriatric. According to the report, adult represented the largest segment.
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America leads the market, accounting for the largest mental health market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
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.
Key Questions Answered in This Report
- 1. What was the size of the global mental health market in 2023?
- 2. What is the expected growth rate of the global mental health market during 2024-2032?
- 3. What has been the impact of COVID-19 on the global mental health market?
- 4. What are the key factors driving the global mental health market?
- 5. What is the breakup of the global mental health market based on the disorder?
- 6. What is the breakup of the global mental health market based on the service?
- 7. What is the breakup of the global mental health market based on age group?
- 8. What are the key regions in the global mental health market?
- 9. Who are the key players/companies in the global mental health market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Mental Health Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Disorder
- 6.1 Schizophrenia
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Alcohol Use Disorders
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Bipolar Disorder
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Depression and Anxiety
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Post-traumatic Stress Disorder
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Substance Abuse Disorders
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Eating Disorders
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Service
- 7.1 Emergency Mental Health Services
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Outpatient Counselling
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Home-based Treatment Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Inpatient Hospital Treatment Services
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Age Group
- 8.1 Pediatric
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Adult
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Geriatric
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Acadia Healthcare
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Ascension Seton
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Behavioral Health Network Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CareTech Holdings PLC
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 North Range Behavioral Health
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Promises Behavioral Health
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Pyramid Healthcare
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Strategic Behavioral Health LLC
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sevita (The MENTOR Network)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Universal Health Services Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Acadia Healthcare
List of Figures
- Figure 1: Global: Mental Health Market: Major Drivers and Challenges
- Figure 2: Global: Mental Health Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Mental Health Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Mental Health Market: Breakup by Disorder (in %), 2023
- Figure 5: Global: Mental Health Market: Breakup by Service (in %), 2023
- Figure 6: Global: Mental Health Market: Breakup by Age Group (in %), 2023
- Figure 7: Global: Mental Health Market: Breakup by Region (in %), 2023
- Figure 8: Global: Mental Health (Schizophrenia) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Mental Health (Schizophrenia) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Mental Health (Alcohol Use Disorders) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Mental Health (Alcohol Use Disorders) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Mental Health (Bipolar Disorder) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Mental Health (Bipolar Disorder) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Mental Health (Depression and Anxiety) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Mental Health (Depression and Anxiety) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Mental Health (Post-traumatic Stress Disorder) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Mental Health (Post-traumatic Stress Disorder) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Mental Health (Substance Abuse Disorders) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Mental Health (Substance Abuse Disorders) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Mental Health (Eating Disorders) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Mental Health (Eating Disorders) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Mental Health (Other Disorders) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Mental Health (Other Disorders) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Mental Health (Emergency Mental Health Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Mental Health (Emergency Mental Health Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Mental Health (Outpatient Counselling) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Mental Health (Outpatient Counselling) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Mental Health (Home-based Treatment Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Mental Health (Home-based Treatment Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Mental Health (Inpatient Hospital Treatment Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Mental Health (Inpatient Hospital Treatment Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Mental Health (Other Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Mental Health (Other Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Mental Health (Pediatric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Mental Health (Pediatric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Global: Mental Health (Adult) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Global: Mental Health (Adult) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Global: Mental Health (Geriatric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Global: Mental Health (Geriatric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: North America: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: North America: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: United States: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: United States: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Canada: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Canada: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Asia-Pacific: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Asia-Pacific: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: China: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: China: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Japan: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Japan: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: India: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: India: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: South Korea: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: South Korea: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Australia: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Australia: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Indonesia: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Indonesia: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Europe: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Europe: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Germany: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Germany: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: France: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: France: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: United Kingdom: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: United Kingdom: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Italy: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Italy: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Spain: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Spain: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Russia: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Russia: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Others: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Others: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Latin America: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Latin America: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Brazil: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Brazil: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Mexico: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Mexico: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 84: Others: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 85: Others: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Middle East and Africa: Mental Health Market: Sales Value (in Million US$), 2018 & 2023
- Figure 87: Middle East and Africa: Mental Health Market: Breakup by Country (in %), 2023
- Figure 88: Middle East and Africa: Mental Health Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 89: Global: Mental Health Industry: SWOT Analysis
- Figure 90: Global: Mental Health Industry: Value Chain Analysis
- Figure 91: Global: Mental Health Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Mental Health Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Mental Health Market Forecast: Breakup by Disorder (in Million US$), 2024-2032
- Table 3: Global: Mental Health Market Forecast: Breakup by Service (in Million US$), 2024-2032
- Table 4: Global: Mental Health Market Forecast: Breakup by Age Group (in Million US$), 2024-2032
- Table 5: Global: Mental Health Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Mental Health Market: Competitive Structure
- Table 7: Global: Mental Health Market: Key Players
