The global mental health apps market is anticipated to grow at a significant CAGR of 8.5% during the forecast period. The market growth is driven by the major factors which include increasing demand for mental health apps due toincreased incidence of mental health conditions among population especially among youngsters, rise in stress levels in society, increasing drug addiction. Apart from thisinternational awareness programs being promoted by the World Health Organization (WHO), each year on mental health day and other WHO also give 24×7 support on the online platform. Moreover, changing lifestyles and rising stress levels have deteriorated health among people. Mental health apps have gained increased popularity to help individuals cope with the limitations of personal treatment, particularly during COVID-19. In addition, several companies nowadays offer employees insurance benefits under this they usually include subscriptions to top mental health apps.
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For instance, in February 2022, Atommerce, a provider of mental health professionals via mobile app MiNDCAFE, has planned to scale its mental health service with a $16.7 million Series B. The company has paned to enhance artificial intelligence and machine learning technology for its platform and invest in digital therapeutics specialized in mental illness. Moreover, approximately 200,000 employees of its B2B clients are currently using the app through MiNDCAFE’s employee assistance program (EAP) and the company is having more than 250 mental health specialists.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Mental Health Apps Market by Type
- Free Apps
- Paid Apps
Global Mental Health Apps Market by Platform Type
- iOS
- Android
- Others
Global Mental Health Apps Market by Application
- Depression and Anxiety Management
- Meditation Management
- Stress Management
- Wellness Management
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Cups
- Anxiety Canada
- Bearable Ltd
- Bug & Bee, LLC
- Diverse Retails Private Limited (‘CultFit’)
- Flow Neuroscience.
- Happify, Inc.
- Headspace, Inc.
- Holistics Software Pte Ltd
- K Health.
- MindDoc Health GmbH
- Reflectly AG
- Shine, Inc.
- Sowlmate
- Stoic
- Thriveport, LLC
- Talkspace
- The Better App Co
- Woebot Health
- Worry Watch
- Youper Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mental health apps market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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