Report ID: SQMIG35G2122
Report ID:
SQMIG35G2122 |
Region:
Global |
Published Date: September, 2024
Pages:
242
|
Tables:
61 |
Figures:
75
The North America market dominated the market in 2023. Increasing usage of smartphones, advancements in network coverage, internet and social media penetration are the key factors for market growth. Countries like the U.S. is dominating the market globally. The growth is attributed to the increasing initiatives in integrating digital technology in the entire healthcare industry. Digital healthcare alternatives for patient’s mental healthcare are being adopted by a larger patient portion and practitioner share in North America. Attitudes regarding technology-facilitated wellbeing alternatives are progressively shifting, with an increasing portion of individuals being open to using digital means to manage and understand their psychological state and well-being.
Asia-Pacific is projected to be the fastest-growing regional market over the forecast period. Growing demand for connected devices and the increasing adoption of smartphones are the key reasons for market growth. In addition, various countries in the region have adopted digital and mobile health technologies, focusing on delivering better outcomes and managing healthcare delivery; these initiatives are expected to increase the adoption of mental health apps over the forecast period. According to the WHO, approximately 54 million people in China have depression, and almost 41 million have anxiety disorders. Furthermore, the WHO predicts that by 2030, 80% of patients with depression will seek treatment.
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Report ID: SQMIG35G2122