Mental Health Apps Market

Market Overview:

The global Mental Health Apps Market is valued at USD 7.48 Billion in 2024 and is projected to reach a value of USD 33.85 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 14.75% between 2025 and 2035.

Mental health applications are tools that can be accessed through a smartphone or other smartphone. These apps aim to increase users' self-awareness by attempting to control their moods, keeping proper habits while breaking bad ones, and nurturing positive thinking. Among the significant mental illnesses focused on mental health, applications are mood disorders (such as depression or bipolar disorder), anxiety symptoms, personality disorders, psychotic diseases, disordered eating, trauma-related disorders, and substance abuse problems, to name a few driving the market growth. In addition, peoples or societys increased stress levels are due to the factors like drug or alcohol addiction, inappropriate work-life balance, relationship issues, growing mental health awareness in recent years, and fewer social interactions are the key elements raising the risk of mental disease globally, particularly in developed and emerging regions and hence fuels the market for mental health apps.

Additionally, the use of cutting-edge linked gadgets like smartwatches, self-assessment awareness tools, and applications for mental health suggested by doctors has grown over time. As a result, it is believed that in recent years, demand for the market for Mental Health Apps has increased. Moreover, by providing an interactive platform, these Mental Health Apps will assist professionals such as psychiatrists, psychotherapists, clinical psychologists, and others in assessing and monitoring the benefits and risks of the patients mental wellness. Furthermore, these health apps' point-of-care services remove all barriers to seeking a therapist for mental health well-being, including those caused by expensive OPD therapy sessions, the social stigma associated with depression, and a lack of self-confidence to leave ones home to visit hospitals and clinics.

Market Segmentation:

The Mental Health Apps market is segmented into Platform Type, Application Type, and Region. Based on the Platform Type outlook, the market is further classified into iOS, Android, and Other Platforms. Furthermore, based on the Application Type, the market is further segmented into Depression & Anxiety Management, Meditation Management, Stress Management, Wellness Management, and Other Applications.

Based on Platform Type Outlook

The iOS sector is the one with the most significant market share. iOS smartphones and tablets have more health apps than android ones. Every year, over 100 new healthcare applications are uploaded to the Appstore; due to this rapid advancement in technology and customer acceptability, the market for these apps has experienced exponential development in recent years. The application-based smartwatch market is anticipated to grow at the fastest rate. Smartwatches that track mental health and well-being are popular right now. Leading companies have recently increased their Research and Development (R&D) expenditures for cutting-edge innovative technology for the healthcare business. Therefore, increasing demand for smartwatches and other technology solutions is anticipated to fuel the market for mental health apps.

Based on Application Type Outlook:

The Management of Depression & Anxiety as an Application is anticipated to increase during the study period significantly. The most prevalent mental health issues in both men and women are anxiety and depression. In addition, men are more likely than women to have substance use disorders, and as a result, they are more likely to utilize those apps. The key drivers of the segments growth include the rising prevalence of depression and anxiety, the expansion of efforts to manage these conditions, and the introduction of numerous mental health apps.

Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period

Asia Pacific is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. In the Asia-Pacific (China, Japan, India, Australia, and the rest of APAC) area, the rising patient population is expected to present a growth potential due to the regions changing lifestyle and shifting tendency toward urban culture and nuclear families. Furthermore, thanks to the regions growing use of smartphones and increased demand for connected devices, the Asia Pacific region is predicted to grow significantly. Additionally, many 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 in the Asia-pacific area.

Competitive Landscape:

The key players in the Global Mental Health Apps market include- Mindscape LLC, and others.

Recent Developments

• April 2024 - Fortis Group launched an AI-powered mental healthcare app named Ember, designed to enhance mental health support through technology. The app provides personalized interventions by utilizing AI to analyze user data and offer tailored recommendations. It features various tools, including mood tracking, guided exercises, and access to licensed therapists, allowing users to engage with their mental health care in a convenient and private manner.
• August 2023, RChilli has released their new RCR, RChilli Candidate Recharge. With the help of RCR, the company can easily recharge the way applicant data is reprocessed in the Mental Health Apps.
• June 2023, IBM Corporation announced the acquisition of Apptio Inc. The objective of this acquisition is to increase development of the IT automation potentials of the company.
• March 2023, Jobvite launched their next generation of recruiting line, named Evolve Talent Acquisitions Suite. This will provide the users the most advanced set of solutions that can smoothen complex tasks.

Segmentation of the Global Mental Health Apps Market: