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Mental Health Apps Market Share

Report ID: GMI9407
Published Date: May 2024
Report Format: PDF

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Mental Health Apps Market Share

Key players recognize the importance of personalization in mental health apps and strive to offer tailored experiences that meet the individual needs and preferences of users. Integration with wearable devices and health platforms allows users to track relevant health metrics, such as sleep patterns, activity levels, and stress levels, and receive personalized recommendations and feedback based on this data.

Mental Health Apps Market Companies

Some of the eminent market participants operating in the mental health apps industry include:

7 cups of Tea
BetterSleep
Calm
Fabulous
Headspace Inc.
Mindscape
MoodMission Pty Ltd.
Relax
Sanvello Health
Woebot
Youper, Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Industry size for mental health apps was worth USD 6.1 billion in 2023 and will grow at a 17.9% CAGR between 2024 and 2032, driven by the surge in mental health conditions, growing awareness and acceptance, and the expanding utilization of virtual therapy for mental well-being.

Mental health apps industry from the home care settings segment reached USD 3.7 billion in 2023, primarily due to the convenience and accessibility that home-based mental health apps offer to users, aligning with the growing preference for remote and self-directed mental health support.

North America industry size recorded USD 3.5 billion in 2023 propelled by advanced technological infrastructure, high levels of digital literacy, and increasing awareness of mental health issues.

Some of the key market players are 7 cups of Tea, BetterSleep, Calm, Fabulous, Headspace Inc., Mindscape, MoodMission Pty Ltd., Relax, Sanvello Health, Woebot, and Youper, Inc., among others.