Mental Health Application: Technologies and Global Markets
Report Highlights
The global market for mental health applications was valued at $2.5 billion in 2022. The market is estimated to grow from $3.0 billion in 2023 to $6.5 billion by 2028, at a compound annual growth rate (CAGR) of 16.6% from 2023 to 2028.
Report Includes
- 20 data tables and 19 additional tables
- An overview of the global market for mental health applications
- Analyses of global market trends, with historical market revenue data (sales figures) from 2020 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the mental health apps market in USD millions, and corresponding market share analysis based on product type, age group, app store, therapy technique, and region
- Classifications and comparisons of the types of mental health apps, as well as their advantages and disadvantages
- Insights into the current technologies as well as the effects new technologies will have on the market
- Identification of challenges and discussion on how to overcome them to reach the market’s commercialization potential, as well as analysis of clinical trials and ESG trends
- Information on recent mergers and acquisitions (M&A), collaborations, agreements, partnerships, product launches, relevant patents
- Profiles of the major companies
Report Scope
The report covers mental health app industries, initiatives, patents and companies. It reviews the importance of mental health apps, the app development process and the regulatory settings. It then discusses some of the investments and clinical trials of mental health apps. The main forces that drive the market are also discussed.
The report examines the market by product type, age basis, technology basis, technique basis and region. Product type includes self-help apps, and disorder apps. Self-help apps are further categorized into meditation and mindfulness, journaling and others.
The specific regional markets discussed are North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
BCC Research also summarizes the main industry acquisitions and strategic alliances from January 2020 through December 2022, and the trends it sees in this activity.
Frequently Asked Questions (FAQs)
- BetterHelp
- Talkspace
- Calm Inc.
- Headspace
- Moodfit
- Sanvello
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2022 |
| Forecast period considered | 2023-2028 |
| Base year market size | $2.5 billion |
| Market size forecast | $6.5 billion |
| Growth rate | CAGR of 16.6% from 2023 to 2028 |
| Units considered | $ Millions |
| Segments covered | By Product Type, Age Group, App Store, Therapy Technique, and Region |
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers |
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| Companies studied |
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