Mental Health Application: Technologies and Global Markets

Report Code: HLC293A

Publish Date: Oct 2023

Publisher: BCC Publishing

Category: Health Maintenance

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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.

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
  • Increasing Use of Smartphones
  • Rise in the Prevalence of Mental Illness
  • COVID Spike in Mental Disorders
  • Increased Funding for Mental Health Apps
Companies studied
CALM INC.CEREBRAL INC.
HEADSPACE INC.K HEALTH
MOOD MISSIONMOODTOOLS
REALRESILIENS INC.
SANVELLO HEALTH INC.TALKSPACE INC.
TELADOC HEALTH INC.TWILL INC.
U.S. DEPARTMENT OF VETERANS AFFAIRS (VA)WOEBOT HEALTH
WYSA LTD.YOUPER INC.
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Frequently Asked Questions (FAQs)

The mental health app market has been estimated at, $2.4 billion in the year 2022, it is projected to grow at a CAGR of 16.6% from 2023 to 2028 to reach, $6.5 billion.
The increasing prevalence of mental health disorders coupled with the limited number of psychiatrists available for treatment, is a major factor driving the market. Additionally, the various advantages of the mental health apps, such as accessibility, affordability and anonymity are also boosting the market growth.
The Mental health app Market is segmented on the basis of product type, age group, app store, therapy technique, and region.
Mental health disorder app segment will dominate the market by the end of 2028.
North America holds the highest share in the market.
Key companies in the market includes:
  • 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.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Mental Health Application: Technologies and Global Markets115Free
Chapter- 1: Introduction8Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market Overview16Free
Chapter- 4: Market Dynamics12Free
Chapter- 5: Market Breakdown by Type6Free
Chapter- 6: Market Breakdown by App Store3Free
Chapter- 7: Market Breakdown by Age Group3Free
Chapter- 8: Market Breakdown by Therapeutic Technique2Free
Chapter- 9: Market Breakdown by Region12Free
Chapter- 10: ESG in the Tech Industry3Free
Chapter- 11: Emerging Technologies and Developments2Free
Chapter- 12: Clinical Trials and Patent Analysis9Free
Chapter- 13: Mergers and Acquisitions and Venture Funding Outlook18Free
Chapter- 14: Competitive Intelligence1Free
Chapter- 15: Company Profiles11Free
Chapter- 16: Appendix: Abbreviations5Free

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Mental Health Application: Technologies and Global Markets
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