Mental Health Apps Market to Reach Valuation of USD 9.9 Billion by 2028 – Provision of Numerous Benefits of Mental Health Apps Drives the Market

Vantage Market Research

Aug 19, 2022

In terms of revenue, the Global Mental Health Apps Market is expected to reach USD 9.9 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 15.9% from 2022 to 2028.

Mental Health Apps is broadly used to improve the mental health & well-being of patients. Thus, increasing adoption of these apps in the development of the patient’s mental health and growing awareness regarding mental health apps are accelerating the growth of the Mental Health Apps Market in coming years.

Key Highlights from Report:

· The iOS Platform segment accounted to have substantial growth in the Mental Health Apps Market in 2021. The rapid advancement in technology and customer acceptability is expected to witness exponential growth in the Mental Health Apps Market in recent years.

· The Depression & Anxiety Management from the Application segment is accounted to have the largest growth of the Mental Health Apps Market in 2021. The most prevalent mental health issues in both men and women are anxiety and depression, which in turn, increases the demand for Mental Health Apps.

· Asia Pacific is accounted to grow at the fastest rate during the forecast period. The rising patient population, changing lifestyle of people, shifting tendency toward urban culture, and increasing nuclear families are expected to propel the potential growth of the Mental Health Apps Market in this region.

Market Dynamics:

In addition, shifting trends of personalized care and patient-centric care are accelerating the enhancement of the Mental Health Apps Market. There are various mental health apps used to maintain the overall health of the consumers, reduce stress, and support a better lifestyle. These apps include wellness management apps, depression& anxiety management apps, and meditation management apps. North Americaaccounted to have the largest growth of theMental Health Apps market during the forecast period. The rising penetration of the social media & internet, enhancement in coverage networks, and increasing adoption of smartphones are expected to propel the growth of the Mental Health Apps Market during the forecast period. According to GSMA’s, the development of smartphone devices in this region was around 80% in 2020 and is expected to reach 85% by 2025.

The Global Mental Health Apps Market is Segmented as follows:

  • Platform Type
    • iOS
    • Android
    • Other Platforms
  • Application Type
    • Depression & Anxiety Management
    • Meditation Management
    • Stress Management
    • Wellness Management
    • Other Applications
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

A list of the Key Players of the Global Mental Health Apps Market is:

Mindscape LLC, Calm, MoodMission Pty Ltd., Sanvello Health, Headspace Inc., Flow Youper Inc., Happify Inc., Talkspace

The Global Mental Health Apps Market Scope can be tabulated as below:

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered
  • Platform Type
    • iOS
    • Android
    • Other Platforms
  • Application Type
    • Depression & Anxiety Management
    • Meditation Management
    • Stress Management
    • Wellness Management
    • Other Applications
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
Regions & Counties Covered
  • North America
    • U.S.
    • Canada
    • Mexic
  • Eurpe
    • U.K
    • France
    • Germany
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Suth Korea
    • South East Asia
    • Rest Of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest Of Latin America
  • Middle East & Africa
    • GCC Cuntries
    • South Africa
    • Rest Of Middle East & Africa
Companies Covered
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis