PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484664
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484664
Mental Wellness Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 -2030)
Market Overview
The global mental wellness market generated revenue of USD 147.9 billion in 2023, and the market size will advance at a CAGR of 6.6% during 2024-2030, to reach USD 229.8 billion by 2030. This is probably because of the constant smartphone usage, development of network coverage, and prevalence of health-related issues among people that impact mental health. The increasing consciousness about stress management as well as personalized health care in tandem with the escalating stress people are going through also impacts the market positively.
The rising disposable income is empowering users to buy smartphones which brings about an upsurge in the number of mental wellness mobile application providers. With the increase in mobile phone usage and a corresponding surge in mental health apps on the app market, mobile health (mHealth) therapies that employ digital technologies and mobile devices to tackle mental health problems are gaining prominence quickly.
The growth in the number of operators of mental wellness programs is primarily driven by the rising sales of smartphones and improving people's understanding of these technologies. With the diffusion of smartphones, more users will be able to conveniently reach mental wellness services.
The market of mental well-being on a global scale is also developing as a result of the rising social recognition of mental diseases and the campaigns for upholding human rights and stigma removal. Online counseling programs and daycare services being available could be another main motivator.
Key Insights
In 2023, the depression category held the largest market share of around 25%.
This can be credited to the increasing cases of depression, anxiety, and suicide worldwide.
Depression distresses approximately 5% of adults worldwide.
Characteristics comprise insistent unhappiness, loss of curiosity, disrupted appetite and sleep, poor concentration, and tiredness.
Key reason for disability, significantly affecting daily functioning and fulfillment.
Schizophrenia is projected to hold the third-largest revenue share in 2030.
The intensity of the situation grows since more people are facing the issue due to the shift in lifestyles.
Increased prevalence in injection drug users (OPIOIDS, ALCOHOL) as their main vector for disease transmission.
Healthcare infrastructure has an integral role to play as it contributes to the growth of the market.
To be precise, bipolar disorder is second in the scale of implication in clinical terms.
Cases of infections rising through the sky and more and more improvements open the way to potential new cures.
Government programming, information campaigns as well as caregiver support are a priority.
In the past few years, the senses, spaces, & sleep category held the largest industry share.
The category is projected to witness a significant CAGR of 6.9% over the projection period.
Encompasses services, products, and designs focusing on senses and mind-body connection.
The meditation and mindfulness category is the fastest-growing.
Expect a CAGR of 7% during the forecast period.
Increasing need because of the growing occurrence of mental diseases.
Practices aid in self-regulation and awareness.
Brain-boosting nutraceuticals & botanicals rank as second-highest revenue generators.
Projected to hold a 40% share in 2030.
Growing at a CAGR of around 6.9%.
The adult category held the largest market share (45%) in 2023.
The geriatric category sees significant growth due to amplified emotional stress, especially in assisted-care facilities.
North America dominated with a 55% market share in 2023.
Fueled by the increasing prevalence of emerging technologies and growing mental health consciousness.
The large share of influential companies and expansion of mental well-being services to the market illustrates growth.
From 2024 to 2030 APAC region will be growing fastest with a CAGR of 7.2%.
In pursuit of community health through health awareness growth and advanced healthcare infrastructure.
Governments help with investments related to mental health.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by disorder
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by age group
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Disorder (2017-2030)
- 6.3. Market Revenue, by Type (2017-2030)
- 6.4. Market Revenue, by Age Group (2017-2030)
- 6.5. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Disorder (2017-2030)
- 7.3. Market Revenue, by Type (2017-2030)
- 7.4. Market Revenue, by Age Group (2017-2030)
- 7.5. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Disorder (2017-2030)
- 8.3. Market Revenue, by Type (2017-2030)
- 8.4. Market Revenue, by Age Group (2017-2030)
- 8.5. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Disorder (2017-2030)
- 9.3. Market Revenue, by Type (2017-2030)
- 9.4. Market Revenue, by Age Group (2017-2030)
- 9.5. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Disorder (2017-2030)
- 10.3. Market Revenue, by Type (2017-2030)
- 10.4. Market Revenue, by Age Group (2017-2030)
- 10.5. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Disorder (2017-2030)
- 11.3. Market Revenue, by Type (2017-2030)
- 11.4. Market Revenue, by Age Group (2017-2030)
- 11.5. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Disorder (2017-2030)
- 12.3. Market Revenue, by Type (2017-2030)
- 12.4. Market Revenue, by Age Group (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Disorder (2017-2030)
- 13.3. Market Revenue, by Type (2017-2030)
- 13.4. Market Revenue, by Age Group (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Disorder (2017-2030)
- 14.3. Market Revenue, by Type (2017-2030)
- 14.4. Market Revenue, by Age Group (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Disorder (2017-2030)
- 15.3. Market Revenue, by Type (2017-2030)
- 15.4. Market Revenue, by Age Group (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Disorder (2017-2030)
- 16.3. Market Revenue, by Type (2017-2030)
- 16.4. Market Revenue, by Age Group (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Disorder (2017-2030)
- 17.3. Market Revenue, by Type (2017-2030)
- 17.4. Market Revenue, by Age Group (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Disorder (2017-2030)
- 18.3. Market Revenue, by Type (2017-2030)
- 18.4. Market Revenue, by Age Group (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Disorder (2017-2030)
- 19.3. Market Revenue, by Type (2017-2030)
- 19.4. Market Revenue, by Age Group (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Disorder (2017-2030)
- 20.3. Market Revenue, by Type (2017-2030)
- 20.4. Market Revenue, by Age Group (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Disorder (2017-2030)
- 21.3. Market Revenue, by Type (2017-2030)
- 21.4. Market Revenue, by Age Group (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Disorder (2017-2030)
- 22.3. Market Revenue, by Type (2017-2030)
- 22.4. Market Revenue, by Age Group (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Disorder (2017-2030)
- 23.3. Market Revenue, by Type (2017-2030)
- 23.4. Market Revenue, by Age Group (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Disorder (2017-2030)
- 24.3. Market Revenue, by Type (2017-2030)
- 24.4. Market Revenue, by Age Group (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Disorder (2017-2030)
- 25.3. Market Revenue, by Type (2017-2030)
- 25.4. Market Revenue, by Age Group (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Disorder (2017-2030)
- 26.3. Market Revenue, by Type (2017-2030)
- 26.4. Market Revenue, by Age Group (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Disorder (2017-2030)
- 27.3. Market Revenue, by Type (2017-2030)
- 27.4. Market Revenue, by Age Group (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Disorder (2017-2030)
- 28.3. Market Revenue, by Type (2017-2030)
- 28.4. Market Revenue, by Age Group (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Amare Global
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. SkillPath
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Franklin Covey Co.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Headspace Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. CVS HEALTH
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. CuraLinc Healthcare
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Fitbit
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Wellsource Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Virgin Pulse
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Acadia Healthcare
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Sevita
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
