Mental Health Market to Reach US$ 471.1 billion by 2027

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Market Research Report
EXCLUSIVE EDITION
Global Mental Health Market Report
Opportunities, and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
2022-2030
Slalsville Consulling Píivale
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Mental Health Market
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Mental Health Market 2021 Industry Size,
Regions, Emerging Trends, Growth Insights,
Opportunities, and Forecast By 2027
Mental Health Market by Disorders (Schizophrenia,
Alcohol Use, Bipolar, Depression, Anxiety, Post-
traumatic Stress, Substance Abuse, Eating), by
Services (Emergency Mental Health), by Age Group,
by Region Global Share and Forecast to
2027 Description The global mental health market
size is expected to grow from USD 383.3 billion
in 2020 to USD 471.1 billion by 2027, at a CAGR
of 3.5 from 2021 to 2027. Mental illness or
psychotherapeutic conditions are classified as
feelings, abnormal thoughts, and behavior for a
determined amount of time, which causes distress
or physical impairment. This includes a wide
range of psychological disorders and often
requires psychiatric intervention. Also,
conditions can be caused by either a biological
origin such as chemical, genetic, and anatomical
or a psychological origin such as trauma.
Extraordinary advancements have been made in the
treatment of mental illness. Furthermore, an
understanding of what causes mental health
disorders has led to greater sophistication in
tailoring treatment to the underlying basis of
each disorder. So, many mental health disorders
can now be treated nearly as successfully as
physical disorders.
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Factors driving the growth of the mental health
market include a rise in mental health reforms,
government initiatives for improving mental
healthcare services, the number of people seeking
mental health support, and the geriatric
population. The low rate of adoption of mental
health electronic health records, data privacy
concerns, and lack of psychiatrists and
healthcare IT professionals are expected to
restrain the growth of this market. Recent
hurdles competitors face include label changes,
advertising restrictions, and negative
perceptions about mental illness treatments
however, advancements in education have boosted
the market growth. Government initiatives for
mental illness are expected to boost the growth
of the global mental health market, offering
expansion opportunities for market competitors.
For instance, in 2017, the Centers for Medicare
and Medicaid introduced the psychiatric
Collaborative Care Model (CoCM) and Behavioral
Health Integration (BHI) under the Chronic Care
Management (CCM) services initiative. Request
Sample Copy of this Report https//www.marketstat
sville.com/request-sample/mental-
health-market COVID-19 Impact on the Global
Mental Health Market Those who already have poor
mental health face several dangers, including
increasing rates of mental illness, interruption
of treatment, drugs, the lifeline of support
systems, and a negative impact on the
market. Furthermore, research reveals that
COVID-19 is likely to increase pre-existing
mental health symptoms or precipitate relapse in
persons who already have them. In a South African
online poll, 12 percent of people with a past
documented mental health illness said emotions of
suicide were the most challenging obstacle, while
6 said drug use was a problem.
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COVID-19 has had a huge impact on mental health
services and disrupted care and treatment. Some
specialized mental health provision has been cut
to increase capacity to treat the physical impact
of COVID-19. Several general hospital
psychiatric wards have been converted into
COVID-19 wards, meaning many severely ill people
are moved out. Since COVID-19, a neurological
facility in Buenos Aires, Argentina, has recorded
a 99 percent reduction in patient contacts.
Psychosocial assistance initiatives in the
community have also been seriously harmed. Many
nations are seeing clubs, associations, and
community-based projects that used to bring
people together daily become unable to meet for
months due to the pandemic. Physical separation
and a lack of personal protective equipment have
also hampered the ability to care for persons
suffering from serious and acute illnesses.
Demand for face-to-face mental health services
has reportedly decreased due to fear of
infection, especially among older people. In
addition, many services have had to switch to
remote mental healthcare, providing
consultations through digital platforms or by
phone, to varying degrees of success. In
addition, several governments are investing in
cutting-edge technology and telecommunications
technologies and hiring additional mental health
specialists. As a result, it will have a
beneficial effect throughout the anticipated
time. Global Mental Health Market
Dynamics Drivers Rise in prevalence of chronic
diseases and behavioral health According to the
Global Wellness Institute survey report 2016, 3.2
million employees are increasingly unwell
worldwide. Most people suffer from stress,
chronic diseases, unhealthy lifestyles such as
smoking, obesity, and financial insecurity
between 30 and 49. For instance, according to the
American Institute of Stress, in 2019, 94 of
American employees experienced stress at their
workplace. As of 2017, at least 300 billion
people were struggling with depression, 284
million with anxiety, and more than 178 billion
with alcohol or drug addiction. Even though fewer
people suffer from the most severe behavioral
health problems such as schizophrenia, these
illnesses can devastatingly impact individuals
and families.
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Restraints Rise in cost of mental health
programs and substance abuse The U.S. spends
approximately 113 million dollars per year on
mental healthcare and 600 million dollars per
year on substance abuse. Lost wages, legal
expenses, the cost of jail, preventative
services, and the cost of medical issues
stemming from these diseases are all included in
the treatment cost. Prescription medications,
residential therapy, and outpatient mental
health care account for most mental health
treatment expenditures, whereas inpatient mental
health treatment spending has steadily declined
over time. A 30-day residential treatment or
partial hospitalization program for mental
illness can cost 10,000-15,000 on average.
State and federal mental health programs are
generally subsidized, though individuals must
meet their criteria. Often, there is a long
waiting list to enter into one of these treatment
programs. Opportunities High growth potential
in developing economies With the increase in
affordability of healthcare infrastructure and
surge in medical expenditure in developing
countries, there is an increase in preference
toward a better quality of life. This leads to an
increase in the penetration rate of mental
health in developing countries, such as India and
China. World Health Organization estimates that
globally 264 million people suffer from
depression, with many of these also suffering
from anxiety symptoms. WHO also estimates that
450 million people experience mental disorders
around the world. Furthermore, the developing
regions such as Asia-Pacific and LAMEA are
expected to witness notable growth, owing to a
surge in healthcare infrastructure, increase in
affordability, and rise in awareness related to
mental health disorders. In addition, a surge in
personal disposable income of the population,
larger acceptance of mental health, and a rise
in healthcare spending in developing regions are
expected to offer potential growth opportunities
for the global mental health market.
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• Scope of the Report
• The study categorizes the mental health market
  based on disorders, services, and age groups at
  the regional and global levels.
• Direct Purchase Report https//www.marketstatsvil
  le.com/buy-now/mental-health- market?opt2950
• By Disorders Outlook (Sales, USD Million,
  2017-2027)
• Schizophrenia
• Alcohol Use Disorders
• Bipolar Disorder
• Depression
• Anxiety
• Post-traumatic Stress Disorder
• Substance Abuse Disorders
• Eating Disorders
• Other Disorders
• By Services Outlook (Sales, USD Million,
  2017-2027)
• Emergency Mental Health Services
• Outpatient Counselling

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• By Age Group Outlook (Sales, USD Million,
  2017-2027)
• Pediatric
• Adult
• Geriatric
• By Region Outlook (Sales, USD Million, 2017-2027)
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru,
  Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain,
  Poland, Russia, Slovenia, Slovakia, Hungary,
  Czech
• Republic, Belgium, the Netherlands, Norway,
  Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea,
  Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
  Cambodia, the Philippines, Singapore, Australia
  New Zealand, Rest of Asia Pacific)
• The Middle East Africa (Saudi Arabia, UAE,
  South Africa, Northern Africa, Rest of MEA)
• Access full Report Description, TOC, Table of
  Figure, Chart,
• etc https//www.marketstatsville.com/table-of-con
  tent/mental-health-market

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The depression segment is projected to account
for the largest market share by disorders The
market is segmented into schizophrenia, alcohol
use disorders, bipolar disorder, depression,
anxiety, post-traumatic stress disorder,
substance abuse disorders, eating disorders, and
other disorders based on the disorder. In 2020,
the depression segment accounted for the largest
market share of 39.6 in the global mental
health market. Depression is a common and serious
medical illness that negatively affects
feelings, thinking, and others. Fortunately,
Depression causes feelings of sadness and a loss
of interest in activities people once enjoyed. It
can lead to various emotional and physical
problems and decrease functioning at work and
home. The rise in the geriatric population prone
to depression and surge in prevalence of anxiety
disorders, including phobias and other mental
disorders, further contributes to the growing
demand for mental health services to treat
mental illnesses during the forecast period.
Furthermore, the introduction of technologically
advanced therapies, such as medical implants used
for brain stimulation and virtual reality
exposure therapies using smartphone-based
applications, are driving the market
growth. Asia Pacific accounts for the highest
CAGR during the forecast period
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Based on the regions, the global mental health
market has been segmented across North America,
Asia-Pacific, Europe, South America, and the
Middle East Africa. Globally, Asia Pacific is
estimated to hold the highest CAGR of 4.4 in
the global mental health market during the
forecast period. Growth in the purchasing power
of populated countries such as China and India is
projected to boost the growth of the
Asia-Pacific mental health market. This region
offers rewarding prospects for the mental health
market and is anticipated to be the
fastest-growing market during the forecast
period. China accounted for the highest market
share in 2020. In addition, India is expected to
emerge as a lucrative market with maximum growth
potential. The Asia-Pacific mental health market
is gaining increasing popularity, owing to the
rise in medical expenditure growth rate in
countries such as India and China, resulting in
a rise in demand for mental health
programs. Request For Report Description
https//www.marketstatsville.com/mental-health-mar
ket
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