Mental Health Apps Market Size To Touch USD 19.6 Bn By 2030

Published Date : 19 Jan 2023

The global mental health apps market size was exhibited at USD 5.19 billion in 2022 and is expected to touch around USD 19.6 billion by 2030, growing at a CAGR of 18.06% between 2022 and 2030.

The rapid acceptance of the developed technology and increased therapies and solutions over the distressed mental health. Increased availability if mental health apps developed by medical experts with increasing disorders such as anxiety, depression, stress, and others. Utilization and availability of the mental health app with traditional therapies and solutions available for managing depression, anxiety, and stress. 

Increased guidance and providing proper information to patients from medical experts over voice calls, and messages, and increased connectivity utilizing the mental health app drive the market to increase during the forecast period. The key market payers involve in launching new developments with increased research and development with increased investment fuels the market growth to a larger extent. 

The impact of Covid-19 enlarge the mental health app due shutdown of the nation due the wide spread of coronavirus among the regions  

Mental Health Apps Market Report Scope

Report Coverage Details
Market Size in 2022 USD 5.19 Billion
Market Size by 2030 USD 19.6 Billion
Growth Rate from 2022 to 2030 CAGR of 18.06%
Largest Market North America
Base Year 2022
Forecast Period 2022 to 2030
Segments Covered By Platform Type, By Application and By Subscription
Regions Covered  North America, Europe, Asia-Pacific, Latin America and Middle East & Africa


Report Highlights

  • By platform types, iOS with largest market share in the mental health app with increased consumers and rise in utilizing the app for easy access of health anywhere with high-speed internet connection and easy contact with experts for managing health conditions.
  • Android also to be the highest market with increased development and increased performance of android system integrated in to smart phones with high network connectivity allows to run mental health.
  • By applications, management of stress to be at the top position with increased market size with enhanced demands with good results and improved performance and relief from stress by following the guidelines in day-to-day life and maintaining the health.
  • By subscription, increase in excess of the mental health apps with improved guidance from the medical experts via the app which requires subscription some of the applications offer a monthly package with an increased market and increased number of individuals accessing the mental health application with enhanced benefits over the packages.
  • North America to be the largest region with increased demands from the market with increased utilization, easy access to the app, enhance comfort, good results increased research drives the market of mental health app during the forecast period.
  • Other regions such as Asia Pacific also to be the highest region with an increase in technology enhance market growth of mental health apps.

Regional Snapshots

Mental health apps to rise across the regions with increased demands from the market with increased therapies and solutions over the disorders. North America to the highest region with an increased market value of the mental health app prominently adopting new technologies and introducing new developments with increased research from the market players with enhanced performance, good response from the patients with disorders, easy access to the app with increased network connectivity helps to boost the market of mental health app with easy accessing to the application.

Asia Pacific region also to be the highest increased market growth of mental health apps with improving technology, connectivity, therapies, and solutions over the disorders have gained the market height of mental health due to increased utilization from consumers. Other regions include such as Europe, Latin America, the Middle East, Africa and rest of the world. 

Market Dynamics

Drivers

The increased acceptance of the mental health app from consumers with increased output and better results with increased solutions and virtual therapies exceeds the market of mental health app with increased technology and developments with increased variations and features with good performance have risen the mental health app market. 

Increased stress, depression, anxiety among people due to various reasons increased solutions over the stress, depression, and anxiety utilizing the mental health app over the smart mobile phones with increased connectivity have helped to boost the market of mental health apps to a larger extent during the forecast period. 

Increased medical experts' interference with increased guidance over the disorders over voice calls and messages enhance the market growth of mental health app. Increased continuous research and development in the mental health app. The key market involved in introducing the new mental health app with increased investment drives the market of mental health app to increase.

Restraints

Considering mental health app requires smart mobile with increased connectivity are the major tools necessary for accessing the mental health app. No smart mobiles and decreased connectivity may hault the market of mental health app during the forecast period. Lack of skill regarding utilization of the smartphones can also affect market growth due to decreased adoption of the new technology in underdeveloped regions. 

Skills with updated knowledge necessary for mental health app utilization for expansion of the mental health app market with the increased market during the forecast period. Lack of awareness regarding the mental health app for the management of stress, anxiety, and depression in underdeveloped regions may affect the mental health app market to enhance.

Opportunities

Expansion of research and development in the mental health app with increased variations and features developed with increased technology with solutions and therapies explodes the market of mental health app during the forecast period.  Cost effectivity is the major factor with reduced cost with increased demands from the market for the mental health app increases the market growth with an increased revenue share of the mental health app. 

Easy accessibility to mental health apps for health monitoring over smartphones with high connectivity which helps to obtain the solutions and traditional therapies available with increased guidance from medical experts to the patients with improving their health conditions. Frequently utilizing the mental health app due to enhanced wellness in the individual and increased response from the patients with better performance helps to boost the mental health app market.

Challenges 

Mental health apps with the upcoming challenges may affect to growth the market to a larger extent. Lack of awareness among people about mental health apps may decrease the growth of the market. Lack of connectivity or decrease internet connection may alter the market value of mental health apps. 

Due to numerous applications of mental health app available in the market and increased choice for the patients may decrease the market of mental health app during the forecast period. Lack of skill and knowledge also affect the market rate during the forecast period.

Recent Developments

  • February 2022, signing of the agreement for acquiring the Ripple Health Group Company, health care technology with the aim of strength and support to help mental health care sector introduced by Calm with enhanced technology and security.
  • January 2022, Headspace Health took over the Sayana mental health an d wellness acquired the company with enhance strength, good performance, support and understanding

Key Market 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

Segments Covered in the Report

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

Buy this Research Report@ https://www.precedenceresearch.com/checkout/2178

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com| +1 9197 992 333