April 25, 2024

Mental Health Apps Market to Reach US$ 17.2 Bn by 2030

The global mental health apps market size was valued at USD 4.1 billion in 2020, and is predicted to be worth around USD 17.2 billion by 2030, registering a CAGR of 16.4% during the forecast period 2022 to 2030.

Mental Health Apps

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/39149

Mental Health Apps Market Growth Factors

Growing penetration and adoption of mental health applications due to their benefits in improving the mental health and wellbeing of patients and/or consumers and increasing awareness regarding mental health are some of the key factors boosting the growth of this market.

Rising utilization of mental health apps owing to their benefits in improving treatment outcomes and lifestyle and increasing awareness regarding mental health as a significant health condition are some of the major factors boosting the market growth.

The utilization of mental health apps is beneficial in facilitating and promoting wellbeing, which is further helpful in fueling the productivity of people, mainly working professionals. Furthermore, the increasing number of downloads for mental health apps and an upsurge in downloads during the COVID-19 pandemic are some of the other prominent factors propelling the market growth.

Shifting trends from traditional methods of care to patient-centric and personalized care are supporting the adoption of mental health apps. Mental health apps such as meditation management apps, depression and anxiety management apps, and wellness management apps are beneficial in maintaining the overall health of an individual, thereby promoting a better lifestyle and reducing stress.

Growing smartphone and internet penetration is fueling the market growth. For instance, as per a 2021 report provided by Ericsson, the number of mobile subscriptions was more than 6 billion and these are expected to increase in the near future. In addition, according to Internet World Stats, as of Q1 2021, the worldwide penetration of the internet was around 65.6%. Hence, the growing adoption of smartphones, the internet, and social media is anticipated to propel market growth during the forecast period.

Report Coverage

Report Scope Details
Market Size US$ 17.2 billion by 2030
Growth Rate CAGR of 16.4% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Platform type, Application type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Mindscape; Calm; MoodMission Pty Ltd.; Sanvello Health; Headspace Inc.; Flow and Youper, Inc.

By Platform Type Analysis

In 2021, the iOS segment dominated the market with a revenue share of over 45.0%. Based on platform type, the market for mental health apps is classified into android, iOS, and others. The iOS segment growth can be attributed to the increasing adoption of iOS among consumers.

The android segment is anticipated to grow at the fastest rate over the forecast period. Major factors contributing to the segment growth include the rising usage rate of android-based smartphones and the cost-effective nature of android-based smartphones. The growing number of android users is anticipated to boost the market growth, thereby signifying the higher growth rate.

By Application Type Analysis

In 2021, the depression and anxiety management segment dominated the market with a revenue share of over 25.0%. Based on application type, the market is classified into depression and anxiety management, meditation management, stress management, wellness management, and others.

The increasing prevalence of anxiety and depression disorders and growing awareness regarding mental health apps for the treatment of these conditions are some of the major factors supporting the segment growth.

The stress management segment is projected to grow at the fastest rate during the forecast period. The rising prevalence of stress and related disorders and increasing adoption of applications that are beneficial in stress reduction and management are the pioneering factors fueling the growth of the segment during the forecast period.

By Regional Analysis

North America dominated the market with a revenue share of over 35.0% in 2021. Prominent factors such as the growing adoption of smartphones, developments in coverage networks, and growing penetration of the internet and social media are fueling the market growth.

The Asia Pacific region is expected to register a substantial growth rate over the forecast period owing to the rising demand for connected devices and the growing adoption of smartphones in the region. Furthermore, various countries in the region are adopting digital health and mobile health technologies for ensuring better outcomes and managing healthcare delivery.

Read also @ Skin Boosters Market to Expand at a CAGR of 9.2% from 2022 to 2030

Major Key Players Covered in The Mental Health Apps Market Report include

  • Mindscape
  •  Calm
  • MoodMission Pty Ltd.
  • Sanvello Health
  •  Headspace Inc.
  • Flow and Youper, Inc.

Mental Health Apps Market Segmentation

  • By Platform Type
    • iOS
    • Android
    • Others
  • By Application Type
    • Depression and Anxiety Management
    • Meditation Management
    • Stress Management
    • Wellness Management
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
    • Asia Pacific
      • Australia
      • China
      • Japan
      • South Korea
      • India
      • Singapore
    • Latin America
      • Mexico
      • Brazil
      • Argentina
    • Middle East Africa
      • South Africa
      • Saudi Arabia
      • UAE

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Mental Health Apps Market, By Platform

7.1.  Mental Health Apps Market, by Platform, 2021-2030

7.1.1.    iOS

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Android

7.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Mental Health Apps Market, By Application

8.1.  Mental Health Apps Market, by Application, 2021-2030

8.1.1.    Depression and Anxiety Management

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Meditation Management

8.1.2.1.        Market Revenue and Forecast (2019-2030)

8.1.3.    Stress Management

8.1.3.1.        Market Revenue and Forecast (2019-2030)

8.1.4.    Wellness Management

8.1.4.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Mental Health Apps Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Platform (2019-2030)

9.1.2.    Market Revenue and Forecast, by Application (2019-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Platform (2019-2030)

9.2.2.    Market Revenue and Forecast, by Application (2019-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Platform (2019-2030)

9.3.2.    Market Revenue and Forecast, by Application (2019-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Platform (2019-2030)

9.4.2.    Market Revenue and Forecast, by Application (2019-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2019-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2019-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Platform (2019-2030)

9.5.2.    Market Revenue and Forecast, by Application (2019-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2019-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Platform (2019-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2019-2030)

Chapter 10.  Company Profiles

10.1.              Mindscape

10.1.1.  Company Overview

10.1.2.  Platform Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Calm

10.2.1.  Company Overview

10.2.2.  Platform Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              MoodMission Pty Ltd.

10.3.1.  Company Overview

10.3.2.  Platform Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Sanvello Health

10.4.1.  Company Overview

10.4.2.  Platform Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Headspace Inc.

10.5.1.  Company Overview

10.5.2.  Platform Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Flow and Youper, Inc.

10.6.1.  Company Overview

10.6.2.  Platform Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/39149

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com

Leave a Reply

Your email address will not be published. Required fields are marked *