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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Mental health refers to a dynamic state of internal equilibrium that allows individuals to utilize their abilities in harmony with the universal values of society. It assists in recognizing, expressing and modulating one’s own emotions, empathizing with others, and coping with adverse life events. Additionally, it aids in functioning according to social roles and maintaining a harmonious relationship with the body and mind. However, its imbalance can lead to anxiety, depression, and bipolar disorder. It can also cause physical pain in different body parts, including the stomach, back, and head.

Mental Health Market Trends:
There is currently a rise in the prevalence of mental health disorders across the globe. This, coupled with lifestyle, substance abuse, personal experiences involving trauma or abuse, and biological factors like genes or brain chemistry, represents one of the key factors strengthening the growth of the market. Apart from this, the coronavirus disease (COVID-19) outbreak and lockdown restrictions implemented by governing agencies of different countries have affected existing mental health symptoms in individuals and triggered relapse around the world. This, along with the escalating demand for hospital services on account of the rising patient pool requiring mental health solutions to promote self-care, is contributing to market growth. Furthermore, governing agencies of numerous countries are investing in digital and telecommunication solutions and appointing more mental health professionals. This, in confluence with a considerable increase in the number of awareness programs about mental health, is creating a favorable market outlook. Some of the other major factors include improving healthcare infrastructure, rising cases of depression causing disability, and the increasing geriatric population are projected to bolster the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mental health market, along with forecasts at the global, regional and country level from 2022-2027. 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

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
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

Competitive Landscape:
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) and Universal Health Services Inc. Key Questions Answered in This Report:
How has the global mental health market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global mental health market?
What are the key regional markets?
What is the breakup of the market based on the disorder?
What is the breakup of the market based on the service?
What is the breakup of the market based on the age group?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global mental health market and who are the key players?
What is the degree of competition in the industry?