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REPORT SCOPE & OVERVIEW:

Mental Health Apps Market size was valued at USD 5.1 billion in 2022 and is expected to grow to USD 17.1656 billion by 2030 and grow at a CAGR of 16.1% over the forecast period of 2023-2030.

The industry for mobile applications and digital platforms that support and enhance mental health and well-being is known as the "mental health apps market." To manage their mental health, track their moods, participate in therapy or counselling, practice relaxation techniques, and access pertinent resources, these apps attempt to give users simple and handy tools.

Mental Health Apps Market Revenue Analysis

Numerous reasons have contributed to the market for mental health apps experiencing tremendous expansion in recent years. The growing global knowledge and acceptance of mental health concerns is one of the main motivators. The need for simple and practical solutions has increased as more individuals turn to them for assistance and support with their mental health.

The mental health apps market is a rapidly evolving sector that plays a crucial role in extending mental health support beyond traditional healthcare settings, offering innovative solutions to enhance mental well-being and improve access to mental health resources.

The market for digital tools and software programs created to promote and enhance mental health and well-being is known as the "mental health apps market." The goal of these apps, which are often created for use on smartphones, tablets, or other electronic devices, is to give people easy access to information for managing their mental health.

MARKET DYNAMICS

KEY DRIVERS:

  • Technological Advancement

  • Mental health awareness

The mental health market apps increased by 54% in the two years 2019-2020. Rising Mental Health Awareness: People are becoming more aware of and recognizing the importance of mental health concerns, which has increased the desire for practical, easily accessible remedies. The success of mental health apps can be attributed to the fact that they provide a discrete and practical means for people to access resources, self-help tools, and support.

RESTRAIN:

  • Awareness of personal care.

  • Less human interaction.

  • No privacy is concerned.

The industry offered a wide variety of apps that addressed many facets of mental health, including stress management, anxiety reduction, mindfulness and meditation, mood tracking, better sleep, therapy sessions, and stress management. While some apps allowed access to qualified therapists and counselors via virtual consultations, others offered self-help tools and strategies.

Both well-established businesses and start-ups were significant competitors in the market for mental health apps. To ensure the efficacy and legitimacy of their offerings, many of these businesses teamed up with institutions, researchers, and mental health specialists. Additionally, some apps used machine learning and artificial intelligence (AI) algorithms to give targeted treatments and personalize user experiences.

OPPORTUNITY:

  • Mental health apps support anywhere and at any time.

  • It is cost-preventing and traditional therapy.

Growing need for mental health support: As people become more aware of the value of mental health, there is a growing need for solutions that are easy to obtain and practical. By offering on-the-go assistance and self-help materials, mental health applications can meet this demand.

CHALLENGES:

The industry offered a wide variety of apps that addressed many facets of mental health, including stress management, anxiety reduction, mindfulness and meditation, mood tracking, better sleep, therapy sessions, and stress management. While some apps allowed access to qualified therapists and counselors via virtual consultations, others offered self-help tools and strategies.

Both well-established businesses and start-ups were significant competitors in the market for mental health apps. To ensure the efficacy and legitimacy of their offerings, many of these businesses teamed up with institutions, researchers, and mental health specialists. Additionally, some apps used machine learning and artificial intelligence (AI) algorithms to give targeted treatments and personalize user experiences.

IMPACT ANALYSIS:

IMPACT OF RUSSIAN-UKRAINE WAR:

The Russian-Ukrainian conflict began in February 2022. Despite the Russians' success in annexing Crimea, the conflict in Donbas is continuing. Thousands of Russian servicemen and military hardware began amassing on the Russia-Ukraine border by the end of 2021. On February 24, 2022, the Russian president decided to launch a massive invasion of Ukraine, which exacerbated the situation. Armed battles have obliterated the prosperity of nations throughout history. Long-term physical and psychological harm to kids and adults is one of these outcomes. Numerous studies of the general population demonstrate that wars have an impact on the incidence and prevalence of mental disorders.

Populations affected by armed conflicts frequently experience increased psychological anguish. For many people in Ukraine, the war has resulted in tremendous trauma, stress, and displacement. This rise in demand for mental health services may have increased interest in mental health applications as an easy-to-use tool for getting treatment.

The conflict may have made people in both Russia and Ukraine more aware of mental health issues. People may be more likely to seek mental health treatment as a result.

IMPACT OF ONGOING RECESSION:

 The market for mental health apps may have both good and negative effects from the prolonged recession. Here are a few possible outcomes:

Because of financial insecurity, job losses, and general economic uncertainty, mental health conditions including anxiety, stress, and depression can become more prevalent during recessions. Due to the rising need for mental health care, more people may turn to mental health apps as an accessible and less expensive alternative to traditional therapy.

People experiencing financial troubles during a recession may have limited funds to spend on healthcare, including mental health services, despite the possibility that demand for mental health apps will increase. This can result in a decreased desire to purchase expensive mental health apps or restricted.

IMPACT OF COVID-19:

Globally, the COVID-19 epidemic has had a serious effect on mental health. Many people have noticed elevated levels of stress, anxiety, and depression as a result of lockdowns, social isolation policies, and general disturbance of daily life. There is a rising need for mental health services, including the usage of mental health apps, as a result of the increase in mental health concerns. Here are some of the main effects of COVID-19 on the market for mental health apps.

As a result of the epidemic, there is now a greater need for mental health apps as people look for easy-to-use tools to manage their mental health. People turned to digital options for support since they had limited access to in-person treatment and counseling, which caused a boom in downloads and usage of mental health apps. COVID-19 has broadened the user base of mental health apps beyond their traditional demographic. Previously, these apps were primarily used by individuals already seeking mental health support. However, the pandemic has prompted a wider population to explore and adopt these apps, including those who may not have considered mental health support before.

MARKET SEGMENTATION:

By Platform:

  • iOS

  • Android

  • Others

By Application:

  • Depression and Anxiety Management

  • Meditation Management

  • Stress Management

  • Wellness Management

  • Others

Mental Health Apps Market Segmentation Analysis

REGIONAL ANALYSIS:

North America dominated the market with a revenue share of over 38% in 2022. The usage and growth of these apps across various geographical regions can be better understood by a regional analysis of the market for mental health apps. Due to the increasing demand for connected devices and the increasing usage of smartphones in the region.

The Asia Pacific region is anticipated to develop at a significant rate throughout the projected period. Additionally, several nations in the region are implementing mobile and digital health technology to manage healthcare delivery and guarantee better results. Therefore, over the projection period, such initiatives are expected to increase the usage of mental health apps.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin American

Key players List-

These are some of the major players listed in the report such as, Calm, Talkspace, BetterHelp, 7 Cups, Moodpath, Happify, Sanvello, Mindscape, MoodMission Pty Ltd., Headspace Inc., Flow, and Youper Inc. & Other players are listed in the final report.

Talkspace-Company Financial Analysis

RECENT DEVELOPMENT

  • In February 2022 Introduced Calm concerning the purchase of Ripple Health Group and signed the contract for that purchase, a company that develops health care technology to boost power and assist with mental health care. creation of Calm Health Care technology with enhanced user security.

  • In January 2022, Headspace Health acquired AI-powered mental health and wellness firm. adopting the company to boost power, improve communication and comprehension, and improve mood with more support

  • Recent years have seen a significant expansion of the mental health app market as more individuals are becoming conscious of the significance of mental health.

  • Accessibility has increased because of mental health applications, which have opened up counseling and self-help resources to a wider audience. These apps are convenient and private because they can be downloaded to smartphones and used whenever and wherever.

Mental Health Apps Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 5.1 Bn
Market Size by 2030  US$ 17.16 Bn
CAGR   CAGR of 16.1% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Platform Type (Android, iOS, Others)
• By Application Type (Depression and Anxiety Management, Meditation Management, Stress Management, Wellness Management, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Calm, Talkspace, BetterHelp, 7 Cups, Moodpath, Happify, Sanvello, Mindscape, MoodMission Pty Ltd., Headspace Inc., Flow, and Youper Inc.
Key Drivers • Technological Advancement
• Mental health awareness
Market Opportunities • Mental health apps support anywhere and at any time.
• It is cost-preventing and traditional therapy.

 

Frequently Asked Questions

 ANS- The Mental Health Apps Market size was valued at USD 5.1 billion in 2022 and is expected to grow to USD 17.1656 billion by 2030 and grow at a CAGR of 16.1% over the forecast period of 2023-2030

ANS- Encouragement, activities, and other methods should be made available for everyday practice. To deliver evidence-based therapies, many types based on research and therapy methods.

ANS: Clam, Talkspace, Moodpath, etc.

ANS- The Mental Health Awareness and Technological Advancement

ANS- By platform and By application.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities

4 Impact Analysis
4.1 Impact of COVID-19
4.2 Impact of the Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Mental Health Apps Market Segmentation, By Platform Type
8.1 iOS
8.2 Android
8.3 Others

9. Mental Health Apps Market Segmentation, By Application
9.1 Depression and Anxiety Management
9.2 Meditation Management
9.3 Stress Management
9.4 Wellness Management
9.5 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1.1 North America Mental Health Apps Market by Country
10.2.1.2 North America Mental Health Apps Market By Platform Type
10.2.1.3 North America Mental Health Apps Market by Application
10.2.4 USA
10.2.4.1 USA Mental Health Apps Market By Platform Type
10.2.4.2 USA Mental Health Apps Market by Application
10.2.5 Canada
10.2.5.1 Canada Mental Health Apps Market By Platform Type
10.2.5.2 Canada Mental Health Apps Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Mental Health Apps Market By Platform Type
10.2.6.2 Mexico Mental Health Apps Market by Application
10.3 Europe
10.3.1 Europe Mental Health Apps Market by Country
10.3.2 Europe Mental Health Apps Market By Platform Type
10.3.3 Europe Mental Health Apps Market by Application
10.3.4 Germany
10.3.4.1 Germany Mental Health Apps Market By Platform Type
10.3.4.2 Germany Mental Health Apps Market by Application
10.3. UK
10.3.5.1 UK Mental Health Apps Market By Platform Type
10.3.5.2 UK Mental Health Apps Market by Application
10.3.6 France
10.3.6.1 France Mental Health Apps Market By Platform Type
10.3.6.2 France Mental Health Apps Market by Application
10.3.7 Italy
10.3.7.1 Italy Mental Health Apps Market By Platform Type
10.3.7.2 Italy Mental Health Apps Market by Application
10.3.8 Spain
10.3.8.1 Spain Mental Health Apps Market By Platform Type
10.3.8.2 Spain Mental Health Apps Market by Application
10.3.9 The Netherlands
10.3.9.1 Netherlands Mental Health Apps Market By Platform Type
10.3.9.2 Netherlands Mental Health Apps Market by Application
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Mental Health Apps Market By Platform Type
10.3.10.2 Rest of Europe Mental Health Apps Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Mental Health Apps Market by Country
10.4.2 Asia Pacific Mental Health Apps Market By Platform Type
10.4.3 Asia Pacific Mental Health Apps Market by Application
10.4.4 Japan
10.4.4.1 Japan Mental Health Apps Market By Platform Type
10.4.4.2 Japan Mental Health Apps Market by Application
10.4.5 South Korea
10.4.5.1 South Korea Mental Health Apps Market By Platform Type
10.4.5.2 South Korea Mental Health Apps Market by Application
10.4.6 China
10.4.6.1 China Mental Health Apps Market By Platform Type
10.4.6.2 China Mental Health Apps Market by Application
10.4.7 India
10.4.7.1 India Mental Health Apps Market By Platform Type
10.4.7.2 India Mental Health Apps Market by Application
10.4.8 Australia
10.4.8.1 Australia Mental Health Apps Market By Platform Type
10.4.8.2 Australia Mental Health Apps Market by Application
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Mental Health Apps Market By Platform Type
10.4.9.2 APAC Mental Health Apps Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Mental Health Apps Market by Country
10.5.2 The Middle East & Africa Mental Health Apps Market By Platform Type
10.5.3 The Middle East & Africa Mental Health Apps Market by Application
10.5.4 Israel
10.5.4.1 Israel Mental Health Apps Market By Platform Type
10.5.4.2 Israel Mental Health Apps Market by Application
10.5.5 UAE
10.5.5.1 UAE Mental Health Apps Market By Platform Type
10.5.5.2 UAE Mental Health Apps Market by Application
10.5.6 South Africa
10.5.6.1 South Africa Mental Health Apps Market By Platform Type
10.5.6.2 South Africa Mental Health Apps Market by Application
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of Middle East & Asia Mental Health Apps Market By Platform Type
10.5.7.2 Rest of Middle East & Asia Mental Health Apps Market by Application
10.6 Latin America
10.6.1 Latin America Mental Health Apps Market by Country
10.6.2 Latin America Mental Health Apps Market By Platform Type
10.6.3 Latin America Mental Health Apps Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Mental Health Apps Market By Platform Type
10.6.4.2 Brazil Africa Mental Health Apps Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Mental Health Apps Market By Platform Type
10.6.5.2 Argentina Mental Health Apps Market by Application
10.6.6 Rest of Latin America
10.6.6.1 Rest of Latin America Mental Health Apps Market By Platform Type
10.6.6.2 Rest of Latin America Mental Health Apps Market by Application

11. Company Profile
11.1 Talkspace
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Calm
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 BetterHelp
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4  7Cups
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Moodpath
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Happify
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Sanvello
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Mindscape
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 MoodMission Pty Ltd.
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Headspace Inc.
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Youper Inc.
11.11.1 Market Overview
11.11.2 Financials
11.11.3 Product/Services/Offerings
11.11.4 SWOT Analysis
11.11.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments

13. USE Cases and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Data Bank Validation

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