According to the latest report by IMARC Group, titled “Mental Health Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global mental health market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Mental health refers to the state of well-being wherein an individual realizes and appreciates their abilities and can handle the stresses of life, work productively and fruitfully, and make positive contributions to their community. It involves subjective well-being, autonomy, self-efficacy, competence, intergenerational dependence, self-actualization of intellectual and emotional potential, etc. Mental health assists in expressing, recognizing, and modulating emotions, coping with adverse life events, empathizing with others, etc. Outpatient counseling, home-based treatment services, inpatient hospital treatment services, etc., are some of the common services available for mental health treatment.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Mental Health Market Trends:
The escalating instances of depression, anxiety, substance abuse, suicides, etc., are some of the key factors driving the mental health market. In line with this, the inflating demand for hospital services on account of the growing patient pool requiring mental health treatments is further catalyzing the global market. Moreover, the increasing investments in digital and telecommunication solutions by government bodies and NGOs to promote self-care and mental health awareness are augmenting the global market. Besides this, the widespread adoption of behavioral health software as a means of reducing medication errors and paperwork, improving workflow efficiency, enhancing productivity, ensuring quick patient data access, minimizing healthcare costs, etc., is also bolstering the market growth. Furthermore, the elevating incidences of schizophrenia, alcohol use disorder, bipolar disorder, post-traumatic stress disorder, eating disorder, etc., among the young population are anticipated to fuel the mental health market over the forecasted period.
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Global Mental Health Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Breakup by Disorder:
Breakup by Service:
Breakup by Age Group:
Breakup by Region:
Key Highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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