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Mental Health Apps Market Size

Report ID: GMI9407 Published Date: May 2024Report Format: PDF
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Mental Health Apps Market Size

Mental Health Apps Market size was valued at around USD 6.1 billion in 2023 and is estimated to grow at 17.9% CAGR from 2024 to 2032. Rising mental health disorders, increasing awareness and acceptance rate, and growing adoption of virtual therapy for mental health are among the key factors fueling the market growth.

 

Mental Health Apps Market

Government across the world are taking potential steps to limit the target population to mental health disorders. For instance, the World Health Organization (WHO) has set up a Mental health action plan 2013–2030 that focuses on providing appropriate intervention for people suffering with various mental disorders including depression.

 

Further, mental health apps provide users with tools and resources to proactively manage their mental health, prevent the onset of mental health conditions, and maintain overall well-being, thereby propelling industry growth. Additionally, many organizations are implementing corporate wellness programs to support the mental health and well-being of their employees. Mental health apps are being integrated into these programs as a cost-effective and scalable way to provide employees with access to mental health resources, stress management tools, and support services.

 

Mental health apps are software applications designed to provide support, resources, and tools for managing mental health and well-being. These apps can offer a wide range of features and functionalities aimed at helping users cope with stress, anxiety, depression, and other mental health conditions. Mental health apps can be accessed via smartphones, tablets, computers, wearable devices, and other digital platforms.

 

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Why is the use of mental health apps rising in home care settings?+

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.

What is the value of the mental health apps market?+

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.

How large is the mental health apps market in the North America?+

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.

Who are the leading players operating in the mental health apps industry?+

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.

Mental Health Apps Market Scope

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