AI in Mental Health: Global Market Outlook

Report Code: IFT263A

Publish Date: Dec 2022

Publisher: BCC Publishing

Category: Information Technology

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Report Highlights

The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. It also highlights major trends and challenges that affect the market and the vendor landscape. 

Report Includes

  • 12 data tables and 16 additional tables
  • A brief general outlook of the global market for AI in mental health prediction, detection and treatment solutions
  • Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Estimation of the actual market size and revenue forecast for AI in mental health market, and the corresponding market share analysis offering, technology, disorder type, and geographic region
  • Updated information on market drivers and opportunities for AI in enhancing mental health care, key shifts and trends, regulations and industry specific challenges, and other demographic factors that will shape this market demand in the coming years (2022-2027)
  • Discussion of the industry value chain analysis for AI in mental health market providing a systematic study of key intermediaries involved, with emphasis on solutions and service providers across geographies
  • Patent activity and review of patent grants for AI in mental health by each major category
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Company profiles of major players within the industry, including Ginger, Lyra Healthcare Inc., Quartet and Woebot Health

Report Scope

In this report, the market has been segmented based on  offering, technology, and geography. The report provides an overview of the global AI in mental health market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Revenue forecasts for this period are segmented based on organization size, component, provider, type, industry, and geography. Market values have been estimated based on the total revenue of AI in mental health application providers.

The report covers the market for AI in mental health with regard to the user base, across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for AI in mental health in 2021 and provides projections for the expected market size through 2027.

The scope of the study includes AI in mental healthcare platforms and associated services, and services associated with the platform.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $636.8 million
Market size forecast $3.8 billion
Growth rate CAGR of 34.3% from 2022 to 2027
Units considered $ Millions
Segments covered Offering, Technology, Region
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Key Market Drivers
  • Increasing Number of Suicidal Cases
  • Increasing Awareness Regarding Mental Disorder
  • Increasing Aging Population
Companies studied
GINGERLYRA HEALTH INC.
MERUMINDSTRONG HEALTH
NEW LIFE SOLUTION INC.QUARTET
SPRING CARE INC.TALKSPACE INC.
WOEBOT HEALTHWYSA LTD.
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Frequently Asked Questions (FAQs)

The AI in mental health market is projected to grow from $636.8 million in 2021 to $3,844.2 million in 2027, at a compound annual growth rate (CAGR) of 34.3% during the forecast period.
The key factors driving the growth of AI in mental health market includes the growing ageing population, rising number of suicidal cases, among others.
The AI in mental health market is segmented based on offering, technology, and region.
Solutions segment will dominate the market by the end of 2027.
North America holds the highest share in the market in terms of region.
Key companies in the market includes Ginger, Wysa, ltd, Woebot health.

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. Talk to Our Analyst

Table of Contents

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Title/Chapter NamePagesMember Price
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AI in Mental Health: Global Market Outlook
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