Mental Health App Market, By Platform Type (Android, Ios, Others), By Application (Depression and Anxiety Management, Meditation Management, Stress Management, Wellness Management, Others), By Subscription (Monthly subscription, Yearly subscription), By Region – Global Analysis Forecast Till 2030

The Global Mental Health App Market size was estimated at USD 4.8 billion in 2021 and is expected to hit around USD 19.9 billion by 2030 and increase at a CAGR of 18.67% from 2022 to 2030.

Mental health problems are characterized by an absence of positive emotions, a depressed mood, and a range of cognitive, physical, emotional, and behavioral symptoms. It is a very common condition affecting 1 in 5 people. Factors like stress and brain chemistry, as well as genes, cause depression. According to the WHO, more than XX million people of all ages suffered from depression in 2020. Depression is a leading cause of disability worldwide and a leading cause of disease burden worldwide.

Individuals with pre-existing poor mental health face multiple risks due to COVID-19, including increased rates of mental illness, discontinuation of treatment, discontinuation of medication, and extended lifespan of supportive services, negatively impacting the market. Research also suggests that COVID-19 has the potential to exacerbate pre-existing mental health symptoms or trigger relapses in people with pre-existing mental health conditions. Additionally, some countries are investing in innovative digital and communications solutions and appointing more mental health professionals. Therefore, it will have a positive impact over the forecast period.

Market Dynamics:

Drivers:

The Rise of Virtual Therapy - Increased guidance from healthcare professionals through voice calls, messages with health professionals providing pertinent information about health, and increased connectivity through education, increasing the number of solutions available in applications to treat mental health conditions. Numerous applications available on the internet to increase the market with diseases such as psychosis, schizophrenia, rising depression in young individuals, and safety planning for suicide, seminars for managing mental health conditions drive the mental health apps market.

Restraints:

Lack of awareness and poor accessibility to mental health apps - In some underdeveloped regions, smartphone use is low and individuals do not use smartphones, and the price of smartphones rises due to the development of various smartphones and technology integration into the system function. People's lack of knowledge about their smartphone and app usage may challenge the mental health app market growth.

Connectivity issues - Programs and technologies developed to run mental health apps over high-speed connections on smartphones. Lack of connectivity could hamper the market growth of mental health apps. Internet connectivity issues may prevent mental health apps from running, reducing the market growth of the mental health app market.

Key players:

• Silver Cloud Health, Inc

• Happify, Inc

• Urban Massage Ltd

• Youper, Inc

• Flow Neuroscience AB

• Headspace, Inc

• Sanvello Health, Inc

• Mood Mission Pvt Ltd

• Calm.com, Inc

• Talkspace

• Ustwo Fampany ltd

• Aurora health care

• 7 cups of tea

• Addicaid

• NOCD Inc.

• Recovery record, Inc

• Mayo foundation for medical education and research

Market Segmentation:

Mental Health App Market, By Platform Type

• Android

• iOS

• Others

Mental Health App Market, By Application

• Depression and Anxiety Management

• Meditation Management

• Stress Management

• Wellness Management

• Others

Mental Health App Market, By Subscription

• Monthly subscription

• Yearly subscription

Mental Health App Market, By Geography

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa (MEA)

Regional Analysis:

North America will be the highest region, increasing its market revenue share by about XX% and increasing the compound annual growth of the mental health market over the forecast period. Due to the rapid adoption of smart mobiles, increased connectivity increased research and development of mental health apps and increased investment by key market players involved owing to increased responsiveness of individuals to easier access to apps and improved app performance. Developed by healthcare professionals with enhanced solutions and technologies.

Asia Pacific will also bolster the mental health apps market due to rising acceptance, mobile phones, connectivity, and developed features boosting the mental health apps market. Other regions include Europe, the Middle East & Africa, Latin America, and the Rest of the World.

Scope of the Report:

User

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