Dublin, January 18, 2023 (GLOBE NEWSWIRE) — “Global Mental Wellness Market Size, Segment, Outlook and Revenue Forecast 2022-2028 by Disability, Type, Age Group, Service and Region” report added of ResearchAndMarkets.com Recruitment.
The global mental wellness market was valued at approximately US$75 billion in 2017. The mental wellness market will be driven by the increasing prevalence of mental illnesses/disorders such as depression, anxiety and eating disorders as a result of our busy lives. Lifestyle in today’s society, poor diet, lack of physical activity, excessive working hours. Aging of the elderly population is another factor contributing to the increase in people with mental health problems.
It is estimated to be around US$100 billion in 2022 and is expected to grow at a CAGR of around 6% between 2022 and 2028, reaching a market size of around US$150 billion by 2028.
The mental health market will develop as a result of government initiatives and regulations supporting mental health, the influence of social media, and growing public awareness of the value of mental health.
Mental wellness has undergone a sea change, ushering in a new era of professional education and solutions that address individual wellbeing via AI. Using AI makes people happier without using a lot of resources. It also helps avoid some health hazards by encouraging behavioral changes after studying personality traits and behaviors.
The mental health market is constrained by a variety of factors, including limited access to mental health providers, a shortage of skilled mental health care professionals, and general community awareness of treatment options.
The COVID-19 pandemic and stringent regulations by various governments are impacting people’s existing mental health symptoms, causing relapses everywhere. We need mental health solutions to improve self-care.
competitive environment
The global mental wellness market is highly competitive with up to 500 players including globally diverse players, regional players and niche players in numerous countries each with a niche in mental wellness therapies and treatments. .
Global players make up about 15% of competitors, while national niche players make up the largest number of competitors. Key players in the mental health market are turning to bio-based materials for product manufacturing and are working with domestic and international companies to expand their organizations’ product portfolios and increase their market share worldwide. has initiated significant strategies such as mergers, acquisitions and partnerships.
Major players in the market include Acadia Healthcare, Amare Global, Ascension, Behavioral Health Network, Inc., CVS Health, CareTech, Headspace Inc., Promises Behavioral Health, Pyramid Healthcare Inc., Universal Health Services.
Conclusion
The global mental wellness market is expected to grow significantly during 2022-2028 due to the importance and wide acceptance of mental health disorders. Rather than simply living a healthy lifestyle that can have a positive impact on overall health, today’s expanded concept of mental health gives people a sense of control over their own health and well-being. It is intended to give
Because mental health concerns are underreported due to stigma, vendors in the market are creating programs to treat underlying causes such as sleep deprivation and home challenges, as well as tertiary remedies. I’m here.
The latest research focuses on connecting cognitive-behavioral therapy with smartphones to solve these challenges. The market is competitive with around 500 participants, but national niche players dominate the dominant share, while regional players also hold large shares.
Key trends by market segment
By Disability – Depression segment dominated the market in 2021 as depression is a significant contributor to the global burden of disease and the leading cause of disability worldwide.
By Type – The sensory space and sleep segment will account for the highest market share in 2021 as it includes services, items and designs that emphasize the sensory-mind-body connection and how environmental stimuli strongly affect a person’s stress levels raised awareness about mood, and sleep.
By Age Group – The adult segment will be the top market in 2021 due to adult experience in multiple developmental stages from early to late adulthood, including gaining personal and financial independence, success, recognition, and security took share.
By service – Inpatient care services segment will account for highest market share in 2021 due to rising prevalence of mental illness, growing patient population, and large number of patients using mental health interventions to improve self-care I got
Recent developments related to key players
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In January 2022, Headspace Health acquired Sayana, an AI-powered mental health and wellness company.
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In October 2021, Headspace and Ginger completed their merger to create a US$3 billion mental health company.
Main topics covered in the report
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A snapshot of the mental wellness market
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Industry value chain and ecosystem analysis
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Market Size and Segmentation of Mental Wellness Market
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Historical Growth of Overall Mental Wellness Market and Segments
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Market Competitive Scenario and Major Developments of Competitors
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Porter’s Analysis of the Five Forces of the Mental Wellness Market Industry
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Overview of key competitors, obstacle offerings, and strengths and weaknesses
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Impact of COVID-19 on overall mental wellness market
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Future market forecast and growth rate for overall mental wellness market and by segment
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Market size of the segment by historical CAGR and future forecast
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Global Regional Mental Wellness Market Analysis
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Major Mental Wellness Types/Supply and Consumption/Regional Demand Hubs
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Historical and future market growth rates by region for the total market and segments
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Overview of notable emerging competitors in the region
Notable Key Players Mentioned in the Report
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Acadia Healthcare
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Amare Global
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rise
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Behavioral Health Network, Inc.
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CVS Health
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care tech
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Headspace Co., Ltd.
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Commitment to Behavioral Health
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Pyramid Healthcare Co., Ltd.
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universal health services
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Waisa
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mind piers
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Gratitude
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your DOST
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Ziva
Reporting scope
Duration recorded in the report
by disability
By type
age group
by service
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emergency mental health services
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outpatient counseling
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home care services
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Inpatient care services
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others
Learn more about this report here https://www.researchandmarkets.com/r/sxmsv7
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