Global Mental Health Apps Market Outlook 2023-2028 - 20,000+ Mental Health Disorder Apps Available in the iOS and Google App Stores - ResearchAndMarkets.com

22 Dec 2023
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DUBLIN--(BUSINESS WIRE)--The "Mental Health Application: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
'Mental Health Application: Technologies and Global Markets'
Over the last decade, there has been a growing prevalence of mental health disorders across the globe, a good part of which was due to the COVID pandemic. Not only was the pandemic responsible for many new cases of mental health disorders, it worsened the condition of many people who were already suffering from mental health disorders and, due to lockdowns, made treatments less accessible.
Mental health apps started proliferating during the COVID pandemic. Mental health apps are mobile applications that can alleviate mental health disorders. Currently there are more than 20,000 mental health disorder apps available in the iOS and Google app stores.
Even after the pandemic, there are other factors driving the market for mental health apps. The limited number of psychiatrists, psychologists and other professionals available for treating mental health disorders is a major factor. Additionally, the advantages of the mental health apps, such as accessibility, affordability and anonymity, are also boosting the market growth. The demand for mental health apps have also generated the interest of venture capitalists and as a result there has been a sharp increase in funding for mental health apps.
The mental health apps market also faces certain challenges, such as concerns about data security and safety. There have been incidences of data theft. There is also a challenge of customer retention, as most customers stop using the apps within a week after downloading. Finally, the effectiveness of the apps is still questionable.
The report covers mental health app industries, initiatives, patents and companies. It reviews the importance of mental health apps, the app development process and the regulatory settings. It then discusses some of the investments and clinical trials of mental health apps. The main forces that drive the market are also discussed.
The report examines the market by product type, age basis, technology basis, technique basis and region. Product type includes self-help apps, and disorder apps. Self-help apps are further categorized into meditation and mindfulness, journaling and others.
The report also summarizes the main industry acquisitions and strategic alliances from January 2020 through December 2022, and the trends it sees in this activity.
The Report Includes
20 data tables and 19 additional tables
An overview of the global market for mental health applications
Analyses of global market trends, with historical market revenue data (sales figures) from 2020 to 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
Estimate of the actual market size and revenue forecast for the mental health apps market in USD millions, and corresponding market share analysis based on product type, age group, app store, therapy technique, and region
Classifications and comparisons of the types of mental health apps, as well as their advantages and disadvantages
Insights into the current technologies as well as the effects new technologies will have on the market
Identification of challenges and discussion on how to overcome them to reach the market's commercialization potential, as well as analysis of clinical trials and ESG trends
Information on recent mergers and acquisitions (M&A), collaborations, agreements, partnerships, product launches, relevant patents
Profiles of the major companies
Key Attributes:
Report Attribute
Details
No. of Pages
115
Forecast Period
2023 - 2028
Estimated Market Value (USD) in 2023
$3 Billion
Forecasted Market Value (USD) by 2028
$6.5 Billion
Compound Annual Growth Rate
16.6%
Regions Covered
Global
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
History of Mental Health Apps
Definition of Mental Health App
Mental Health App Development
Market Regulations
Germany
The UK
Impact of the Covid-19 Pandemic
Impact on Different Groups of People
Rise of Mental Health Apps
Chapter 4 Market Dynamics
Chapter 5 Market Breakdown by Type
Anxiety
Post Traumatic Stress Disorder
Bipolar Disorder
Schizophrenia
Alcohol and Substance Abuse
Mental and Emotional Self-Improvement Apps
Journaling and Tracking Apps
Meditation and Mindfulness
Other Apps
Chapter 6 Market Breakdown by App Store
Chapter 7 Market Breakdown by Age Group
Mental Health Problems in the Elderly
Chapter 8 Market Breakdown by Therapeutic Technique
Cognitive Behavioral Therapy
Mindfulness-Based Intervention
Other Types of Therapies
Chapter 9 Market Breakdown by Region
Chapter 10 ESG in the Tech Industry
Chapter 11 Emerging Technologies and Developments
Video Games
Growing Use of AI
Virtual Reality
Digital Pills
Digital Symptom Tracking
Chapter 12 Clinical Trials and Patent Analysis
Chapter 13 Mergers and Acquisitions and Venture Funding Outlook
Chapter 14 Competitive Intelligence
Chapter 15 Company Profiles
Calm
Cerebral
Headspace
K Health
Mood Mission
Moodtools
Real
Resiliens
Sanvello Health
Talkspace
Twill
Woebot Health
WYSA
Youper
For more information about this report visit https://www.researchandmarkets.com/r/36dl3x
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