Report ID: UCMIG35A2966
Report ID:
UCMIG35A2966 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for clinical trials in mental health was valued at approximately $2.73 billion in 2022 and is projected to experience an 8.3% compound annual growth rate (CAGR) from 2023 to 2030. This expansion is driven by various factors, such as the rising incidence of mental health disorders, an increasing awareness of the significance of mental well-being, and a growing need for more effective treatments. Over the past years, the mental health clinical trial market has witnessed remarkable growth, and this trend is expected to persist in the future. One of the primary drivers of this growth is the increasing prevalence of mental health conditions worldwide. Recent data reveals that approximately one in five adults in the United States experiences mental illness each year.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2966