The global digital mental health market is anticipated to grow at a considerable CAGR of 20.3% during the forecast period. Digital mental health include at least three broad areas of practice. One is the explosion of apps for mental health, ranging from software for self-management to tools connecting users to coaching. These apps are largely direct to consumer and may not be covered by health insurance. Another is the development of diagnostics (including wearables) and therapeutics (including virtual reality platforms) that use hardware as well as software for clinical care mostly of mood and anxiety disorders. And finally, digital mental health can include the vast array of companies, fueled by venture capital and private equity, that have exploded during the pandemic to improve access to medication and psychotherapy. For instance, in September 2022, Neurowyzr, and Brain Capital announced a partnership with Allium Healthcare to jointly develop brain health programs to help Active Agers screen, monitor, prevent and improve brain health. Allium will be the first Intermediate and Long-Term care (ILTC) provider in Asia-Pacific to provide Active Ageing programs focused on the brain, using Neurowyzr’s Digital Brain Function Screen and future brain health solutions.
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The digital mental health market has been growing rapidly even before the COVID-19 pandemic. Stress and anxiety, circumstances create an environment in which digital mental health solutions thrive and improve the access to care, as a result, the digital mental health market is booming. In the first year of the COVID-19 pandemic, the global prevalence of anxiety and depression increased by a massive 25%, according to the World Health Organization (WHO). Furthermore, during the COVID-19 pandemic, there were 35% of people suffered from anxiety disorders and nearly 40% experience depression or stress-related disorders that can affect behaviour and emotions, according to the US Department of Veterans Affairs.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Type
o By Component
o By Disorder Type
o By End User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Cambridge Cognition Ltd., CareTech Holdings Ltd.,Siemens Medical Solutions USA, Inc., DarioHealth Corp., Epic Systems Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Digital Mental Health Market Report Segment
By Type
- Teletherapy
- Tracking & Self-Help Apps
- Meditation Apps
- Digital Therapeutics
By Component
- Software
- Services
By Disorder Type
- Anxiety Disorder
- Bipolar Disorders
- Post-traumatic Stress Disorder (PSTD)
- Others (depression, and eating disorders)
By End-User
- Hospitals
- Mental Healthcare Centers
- Research Institutes
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Digital Mental Health Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Asahi Kasei Corp.
- Biogen
- Brightline
- CloudMD Software & Services Inc.
- DarioHealth Corp
- Epic Systems Corp.
- Ginger
- Linus Health
- NeuroFlow
- Neurovine
- Promises Behavioral Health
- Spring Care, Inc
- United HealthCare Services, Inc.
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