Mental Health Market Size, Share, Growth Analysis, By Application(Physiological Disorder(Depression, Anxiety, Post-Traumatic Stress Disorder (PTSD), Bipolar Disorder), By By Technology(Self-Screening Mental Health Apps, Telehealth And virtual Care Solutions, Continuous Monitoring Wearable Devices, AI Based Screening Tools), By Age Group(Children And Adolescents, Adults, Seniors), By Setting(Clinical Setting, Educational Institutions, Workspace Slash Corporate Programs, Online Platforms), By Region - Industry Forecast 2024-2031

Global Mental Health Market Drivers

Growing Awareness Regarding Mental Health 

• People have become more aware of the importance of mental health owing to efforts of non-profit organizations and governments. This surge in awareness regarding mental health around the world is projected to bolster the demand for mental health solutions and services going forward.   

High Incidence of Mental Health Diseases 

• Adoption of poor lifestyles and increasing amount of stress and hypertension among people around the world. These factors have contributed to the surge in incidence of multiple mental health disorders thereby favoring mental health market growth over the coming years.  

Restraints 

Social Stigma Regarding Mental Health 

• Mental health issues are not even seen as issues in some parts of the world, which gives rise to stigma regarding mental health disorders. Some extreme cases could also result in discrimination of individuals suffering from mental health disorders. This social stigma around mental health will impede market development.   

Dearth of Skilled Professionals 

• Treatment and management of mental health issues requires assistance from skilled mental health professionals. However, there are not many trained and skilled professionals to handle the rapidly surging population base of people affected by mental health disorders thereby slowing down mental health demand outlook.