Mental Health Market Size, Share, and Industry Report [2031]
Mental Health Market Size, Share, and Industry Report [2031]
Segments - Mental Health Market by Types of Disorders (Bipolar Disorder, Schizophrenia, Alcohol-use Disorder, Post-traumatic Stress Disorder, Substance Abuse Disorder, Eating Disorder, Depression, Anxiety, and Others), Services (Outpatient Counselling, Inpatient Hospital Treatment Services, Emergency Mental Health Services, Home-based Treatment Services, and Others), Age Groups (Pediatric, Adult, and Geriatric), End-users (Hospitals, Outpatient Clinics, Rehabilitation Centers, and Homecare Setting), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-4106
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| 156 Pages
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Report Description
Mental Health Market Outlook 2031
The global mental health market size was valued at USD 396.74 Billion in 2022 and is likely to reach USD 540.72 Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing prevalence of mental disorders and growing awareness regarding mental health across the globe.
Mental health refers to the emotional, psychological, and social well-being of an individual. It affects thoughts, actions, and feelings of an individual. Biological factors, life experiences, and family history contribute to mental health problems.
Mental health problems are characterized by low mood, absence of positive emotions, and range of cognitive, emotional, physical, and behavioral symptoms. According to the World Health Organization (WHO), depression is a common mental health disorder with around 5% of adults suffering globally. The WHO states depression as a major contributor to overall global burden of disease.
The COVID-19 pandemic situation aids in the expansion of the global mental health market, due to increased cases of mental illnesses and disruption in medication, treatment, and lifeline support services across the globe. The COVID-19 situation is anticipated to trigger pre-existing mental health conditions, which drives the global mental health market.
Mental Health Market Trends, Drivers, Restraints, and Opportunities
- Rising geriatric population is expected to drive the market during the forecast period.
- Increasing awareness regarding mental health is estimated to fuel the market.
- Technological advancement is projected to expand the market in the coming years.
- Growing prevalence of chronic diseases boosts the market.
- Rising cases of substance and alcohol abuse are estimated to spur the market during the forecast period.
- Increasing initiatives and fundings to support mental health services fuels the market.
- Surging number of mental health patients is projected to drive the market during the forecast period.
- Low rate of adoption of Electronic Health Records (EHR), concerns regarding data privacy, and lack of mental health professionals in developing countries are expected to hinder the growth of the market in the coming years.
- High costs of mental health treatments and negative perception regarding them hampers the growth of the market.
- Rising adoption of technological advancements in developing countries is expected to offer growth opportunities to key market players.
Scope of Mental Health Market Report
The report on the global mental health market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Mental Health Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types of Disorders (Bipolar Disorder, Schizophrenia, Alcohol-use Disorder, Post-traumatic Stress Disorder, Substance Abuse Disorder, Eating Disorder, Depression, Anxiety, and Others), Services (Outpatient Counselling, Inpatient Hospital Treatment Services, Emergency Mental Health Services, Home-based Treatment Services, and Others), Age Groups (Pediatric, Adult, and Geriatric), and End-users (Hospitals, Outpatient Clinics, Rehabilitation Centers, and Homecare Setting) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Pyramid Healthcare, Inc.; Universal Health Services, Inc., Strategic Behavioral Health, LLC; Ascension Seton; Behavioral Health Network, Inc.; Sevita; Universal Health Services, Inc.; Acadia Healthcare; CareTech Holdings PLC; North Range Behavioral Health; Promises Behavioral Health; and Others |
Mental Health Market Segment Insights
Disorder Segment Analysis
In terms of types of disorder, the market is divided into bipolar disorder, schizophrenia, alcohol-use disorder, post-traumatic stress disorder, substance abuse disorder, eating disorder, depression, anxiety, and others. The depression segment is expected to drive the market during the forecast period, due to growing number of depression cases around the globe.
Physical health and mental health are interrelated; therefore, rising prevalence of chronic diseases are anticipated to boost the depression segment in the coming years. The substance abuse disorder segment is estimated to expand rapidly in the forecast period, owing to rising cases of drug and substance abuse among young population.
Services Segment Analysis
Based on services, the market is segregated into outpatient counselling, inpatient hospital treatment services, emergency mental health services, home-based treatment services, and others. The inpatient hospital treatment service segment is projected to drive the market during the forecast period, as long hospital stays and re-admissions of patients in inpatient hospital facilities have a high potential of revenue generation for hospitals.
The home-based treatment services segment is anticipated to expand rapidly in the coming years, owing to comfort, security, and convenience provided in homecare setting.
Age Group Segment Analysis
On the basis of age groups, the market is divided into pediatric, adult, and geriatric. The adult segment is estimated to drive the market, due to rising cases of mental health disorders among adult age group. Stressful life situations, chronic diseases, and substance or alcohol abuse are some of the causes for increasing mental disorder cases among adults, which drives the market. The geriatric segment is estimated to expand in the coming years, due to rising cases of depression among the geriatric age group.
End-Users Segment Analysis
In terms of end-users, the market is segregated into hospitals, outpatient clinics, rehabilitation centers, and homecare setting. The outpatient clinics segment is projected to expand at a rapid pace during the forecast period, due to rapid technological advancements and increasing penetration of internet in outpatient clinics. Rising awareness regarding mental health and mental health treatments provided by outpatient clinics boost the market.
Regional Analysis
Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to register a high CAGR during the forecast period, due to rising adoption of advanced technologies and growing awareness of mental health among healthcare professionals and individuals.
The presence of key market players in the region boosts the market, as they constantly develop mental healthcare services. Increasing healthcare awareness, developing healthcare infrastructure, and rising adoption of advanced healthcare facilities are anticipated to fuel the market in Asia Pacific in the coming years.
Segments
The global mental health market has been segmented on the basis of
Types of Disorders
- Bipolar Disorder
- Schizophrenia
- Alcohol-use Disorder
- Post-traumatic Stress Disorder
- Substance Abuse Disorder
- Eating Disorder
- Depression
- Anxiety
- Others
Services
- Outpatient Counselling
- Inpatient Hospital Treatment Services
- Emergency Mental Health Services
- Home-based Treatment Services
- Others
Age Groups
- Pediatric
- Adult
- Geriatric
End-users
- Hospitals
- Outpatient Clinics
- Rehabilitation Centers
- Homecare Setting
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Pyramid Healthcare, Inc.
- Strategic Behavioral Health, LLC
- Ascension Seton
- Behavioral Health Network, Inc.
- Sevita
- Universal Health Services, Inc.
- Acadia Healthcare
- CareTech Holdings PLC
- North Range Behavioral Health
- Promises Behavioral Health
- Others
Competitive Landscape
The global mental health market is highly competitive with the presence of key players such as Pyramid Healthcare, Inc.; Universal Health Services, Inc., Strategic Behavioral Health, LLC; Ascension Seton; Behavioral Health Network, Inc.; Sevita; Universal Health Services, Inc.; Acadia Healthcare; CareTech Holdings PLC; North Range Behavioral Health; Promises Behavioral Health; and others, who use strategies such as mergers, acquisitions, partnerships, collaborations, and product launches to dominate the market. For example,
- In March 2021, Acadia Healthcare announced a collaboration with Geisinger Health System, a regional healthcare provider, to build new facilities to provide comprehensive inpatient services.
- In February 2021, Universal Health Services, Inc. partnered with Southeast Health, a healthcare services provider, to provide accessible and advanced healthcare services in southeast Missouri, US.
Frequently Asked Questions
Pyramid Healthcare, Inc.; Universal Health Services, Inc., Strategic Behavioral Health, LLC; Sevita; Universal Health Services, Inc.; and Acadia Healthcare are some of the key players in the global mental health market.
North America dominates the market.
Mental health refers to emotional, psychological, and social well-being of an individual.
Bipolar Disorder, schizophrenia, alcohol-use disorder, post-traumatic stress disorder, substance abuse disorder, eating disorder, depression, and anxiety are the types of mental health disorder.
The global mental health market size was valued at around USD 383.32 billion in 2021.
The global mental health market is estimated to register CAGR of around 3.5% during the forecast period.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Mental Health Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mental Health Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mental Health Market - Supply Chain
4.5. Global Mental Health Market Forecast
4.5.1. Mental Health Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mental Health Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Mental Health Market Absolute $ Opportunity
5. Global Mental Health Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Mental Health Market Size and Volume Forecast by End Users
5.3.1. Hospitals
5.3.2. Outpatient Clinics
5.3.3. Rehabilitation Centers
5.3.4. Homecare Setting
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Mental Health Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Mental Health Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Mental Health Demand Share Forecast, 2019-2026
7. North America Mental Health Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Mental Health Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Mental Health Market Size and Volume Forecast by End Users
7.4.1. Hospitals
7.4.2. Outpatient Clinics
7.4.3. Rehabilitation Centers
7.4.4. Homecare Setting
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Mental Health Demand Share Forecast, 2019-2026
8. Latin America Mental Health Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Mental Health Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Mental Health Market Size and Volume Forecast by End Users
8.4.1. Hospitals
8.4.2. Outpatient Clinics
8.4.3. Rehabilitation Centers
8.4.4. Homecare Setting
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Mental Health Demand Share Forecast, 2019-2026
9. Europe Mental Health Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Mental Health Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Mental Health Market Size and Volume Forecast by End Users
9.4.1. Hospitals
9.4.2. Outpatient Clinics
9.4.3. Rehabilitation Centers
9.4.4. Homecare Setting
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Mental Health Demand Share Forecast, 2019-2026
10. Asia Pacific Mental Health Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Mental Health Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Mental Health Market Size and Volume Forecast by End Users
10.4.1. Hospitals
10.4.2. Outpatient Clinics
10.4.3. Rehabilitation Centers
10.4.4. Homecare Setting
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Mental Health Demand Share Forecast, 2019-2026
11. Middle East & Africa Mental Health Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Mental Health Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Mental Health Market Size and Volume Forecast by End Users
11.4.1. Hospitals
11.4.2. Outpatient Clinics
11.4.3. Rehabilitation Centers
11.4.4. Homecare Setting
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Mental Health Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Mental Health Market: Market Share Analysis
12.2. Mental Health Distributors and Customers
12.3. Mental Health Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Pyramid Healthcare, Inc.
12.4.2. Universal Health Services, Inc.
12.4.3. Strategic Behavioral Health, LLC
12.4.4. Ascension Seton
12.4.5. Behavioral Health Network, Inc.
12.4.6. Sevita
12.4.7. Universal Health Services, Inc.
12.4.8. Acadia Healthcare
12.4.9. CareTech Holdings PLC
12.4.10. North Range Behavioral Health
Methodology
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