The global demand for Mental Health Apps Market was valued at USD 5125 million in 2022 with a CAGR of 12.5% under the study period 2022 - 2030.
Mental health apps are beneficial in maintaining an individual's overall health, thereby promoting a better lifestyle and reducing stress. Mental health apps are designed to be used via smartphones or mobile devices. Mental health apps enhance self-awareness among users by controlling their moods, maintaining good habits by breaking bad ones, and developing positive thinking. Some of the most common mental illnesses targeted by mental health applications include mood disorders like depression, anxiety disorders, personality disorders, psychotic disorders, eating disorders, trauma-related disorders, and substance abuse disorders.
Market Dynamics
The growing awareness among the people about the importance of mental health and the launch of numerous mental wellness applications are driving the market growth. Moreover, the rising utilization of mental health apps due to their benefits in improving treatment outcomes and lifestyle are major factors boosting the market growth. Furthermore, growing smartphone and internet penetration is fueling the market growth. In addition, rising funding opportunities for developing various mental health apps signify growth opportunities for the market. However, anosognosia among people in mental illness cases and the risk associated with data piracy are likely to limit the growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mental health apps. The growth and trends of mental health apps industry provide a holistic approach to this study.
Market Segmentation
This section of the mental health apps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Platform Type
By Application Type
- Depression and Anxiety Management
- Meditation Management
- Stress Management
- Wellness Management
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Mental Health Apps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Mental Health Apps Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mental health apps market include Mindscape, Calm, MoodMission Pty Ltd., Sanvello Health, Headspace Inc., Flow and Youper Inc.This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.