The global mental wellness market size reached USD 401.31 Billion in 2021 and is expected to register a revenue CAGR of 3.5% during the forecast period. Rising awareness about mental disorders through education and advocacy for more respect for human rights and less stigma is the key factor driving market revenue growth.
The increasing incidences of post-pandemic trauma after COVID-19 is driving mental wellness market revenue growth. Those who have poor mental health face various issues, such as higher rates of Post-Traumatic Stress Disorder (PTSD) and stress eating, owing to COVID-19. Furthermore, research indicates that in individuals with a history of mental illness, COVID-19 is likely to increase pre-existing symptoms or cause a relapse. Anxiety, sleeplessness, and Obsessive-Compulsive (OC) symptoms were also often reported by COVID-19 survivors. Since the pandemic began, there has been an increase in the prescription of antidepressants, intimate relationship violence, and suicidal thoughts as a result there is a rising demand for mental wellness which is expected to drive revenue growth of the market.
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However, low awareness in growing economies and a shortage of mental health workforce professionals are expected to restrain the market revenue growth. Most people who require mental health treatment don't have access to high-quality mental health services globally. The existing gap in mental health care is a result of stigma, a lack of human resources, fragmented service delivery methods, and a lack of research capacity for implementation and policy reform.
The majority of integrating treatment of common mental disorders in primary care and low-resource regions within high-income countries (HICs) have traditionally relied on centralized psychiatric hospitals or clinics for the diagnosis and treatment of mental diseases. There is typically a paucity of primary care or community health center-based services for mental health diagnosis, treatment, and referral. However, community mental health services have not been ready to handle the ensuing mental health care requirements.
The latest research report by Emergen Research, named ‘Global Mental Wellness Market - Forecast to 2030’, entails a comprehensive review of the global Mental Wellness Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
Key players in the Mental Wellness market include
Acadia Healthcare, Sevita, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech, Pyramid Healthcare Inc., Promises Behavioral Health, Evernorth Health, Inc., Ascension, and SkillPath.
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Emergen Research has segmented the global mental wellness market on the basis of disorder, service, age group, and region:
Disorder Outlook (Revenue, USD Billion; 2019–2030)
Depression
Anxiety
Schizophrenia
Substance use disorder
Bipolar disorder
Alcohol use disorder
Post-traumatic stress disorder
Eating disorder
Others
Service Outlook (Revenue, USD Billion; 2019–2030)
Emergency Mental Health Services
Outpatient Counselling
Home-based Treatment Services
Inpatient Hospital Treatment Services
Other Services
Age Group Outlook (Revenue, USD Billion; 2019–2030)
Adult
Geriatric
Teenager
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Mental Wellness market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
Regional Outlook of Mental Wellness Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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