Mental Health Market Size to Grow by USD 201.41 Bn, North America to be Largest Contributor to Market Growth - Technavio

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The mental health market has been segmented by service (emergency mental health services, outpatient counseling, and inpatient hospital treatment services) and geography (North America, Europe, Asia, and Rest of World (ROW)). North America will account for 39% of the market's growth during the forecast period. This growth is attributed to factors such as the rise in substance abuse and the growing awareness of the importance of mental health. However, market growth in this region will be slower than the growth of the market in other regions. The US is a key country in the mental health market in North America.

The mental health market has been estimated to grow by USD 201.41 billion from 2021 to 2026. In addition, the report projects that the growth momentum of the market will accelerate at a CAGR of 9.06% during the forecast period.

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Mental Health Market: Market Segmentation

By service, the emergency mental health services segment will be the largest contributor to market growth during the forecast period. Psychological emergencies are those emergencies wherein the patient is at risk of harm to themself or others. Such patients require immediate attention from healthcare providers. Various vendors provide a list of local sources on their websites, which can be contacted during such emergencies. They also provide helpline numbers through which patients can speak to a nurse or mental health professional over the phone. The prevalence of mental health problems has been growing across the world. Thus, the increasing need for emergency mental health services will fuel the growth of the market during the forecast period.

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Mental Health Market: Drivers and Trends

The growing prevalence of mental health disorders is driving the growth of the mental health market. For instance, according to a study conducted by the Lancet journal, in 2020, approximately 75.2 million people across the world had anxiety disorders. The number increased by 25.6% when compared to 2019. The COVID-19 pandemic triggered mental health issues among many people globally. Thus, the high prevalence of mental health disorders will fuel the growth of the global mental health market during the forecast period.

The emergence of virtual behavioral or mental health services is a trend in the market. Telepsychiatry or tele-mental health services can be delivered through telephone, e-mail, online chats, or videoconferencing. These services help in improving access to psychological care for patients that have mental health issues, especially those that are living in remote areas or underserved locations. They improve access to psychological care for individuals with mental health issues. Hence, established vendors have expanded their offerings to provide tele-mental health services. They also provide inpatient and residential treatment services. These factors, in turn, will support the market growth during the forecast period.

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

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Mental Health Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2022-2026

USD 201.41 billion

Market structure

Fragmented

YoY growth (%)

6.44

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 39%

Key consumer countries

US, Sweden, Germany, China, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

Acadia Healthcare Co. Inc., American Hospital Association, Ascension, Behavioral Health Network Inc., CareTech Holdings Plc, Cigna Corp., Crestwood Behavioral Health Inc., Kennebec Behavioral Health, LOMA LINDA UNIVERSITY HEALTH, North Range Behavioral Health, Promises Behavioral Health, Pyramid Healthcare Inc., REM Minnesota, Strategic Behavioral Health, TEAMCare Behavioral Health LLC, The Jason Foundation Inc., Thrive Behavioral Health Inc., Unison Behavioral Health, and Universal Health Services Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service

  • 5.1 Market segments 
    • Exhibit 24: Chart on Service - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Service - Market share 2021-2026 (%)
  • 5.2 Comparison by Service 
    • Exhibit 26: Chart on Comparison by Service
    • Exhibit 27: Data Table on Comparison by Service
  • 5.3 Emergency mental health services - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Emergency mental health services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Emergency mental health services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Emergency mental health services - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Emergency mental health services - Year-over-year growth 2021-2026 (%)
  • 5.4 Outpatient counselling - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on Outpatient counselling - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Outpatient counselling - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Outpatient counselling - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Outpatient counselling - Year-over-year growth 2021-2026 (%)
  • 5.5 Inpatient hospital treatment services - Market size and forecast 2021-2026 
    • Exhibit 36: Chart on Inpatient hospital treatment services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 37: Data Table on Inpatient hospital treatment services - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 38: Chart on Inpatient hospital treatment services - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Inpatient hospital treatment services - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Service 
    • Exhibit 40: Market opportunity by Service ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 Asia - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
  • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
  • 7.7 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.8 Sweden - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Sweden - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on Sweden - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on Sweden - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Sweden - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Acadia Healthcare Co. Inc. 
    • Exhibit 89: Acadia Healthcare Co. Inc. - Overview
    • Exhibit 90: Acadia Healthcare Co. Inc. - Business segments
    • Exhibit 91: Acadia Healthcare Co. Inc. - Key news
    • Exhibit 92: Acadia Healthcare Co. Inc. - Key offerings
    • Exhibit 93: Acadia Healthcare Co. Inc. - Segment focus
  • 10.4 Ascension 
    • Exhibit 94: Ascension - Overview
    • Exhibit 95: Ascension - Product / Service
    • Exhibit 96: Ascension - Key offerings
  • 10.5 Behavioral Health Network Inc. 
    • Exhibit 97: Behavioral Health Network Inc. - Overview
    • Exhibit 98: Behavioral Health Network Inc. - Product / Service
    • Exhibit 99: Behavioral Health Network Inc. - Key offerings
  • 10.6 CareTech Holdings Plc 
    • Exhibit 100: CareTech Holdings Plc - Overview
    • Exhibit 101: CareTech Holdings Plc - Business segments
    • Exhibit 102: CareTech Holdings Plc - Key offerings
    • Exhibit 103: CareTech Holdings Plc - Segment focus
  • 10.7 North Range Behavioral Health 
    • Exhibit 104: North Range Behavioral Health - Overview
    • Exhibit 105: North Range Behavioral Health - Product / Service
    • Exhibit 106: North Range Behavioral Health - Key offerings
  • 10.8 Promises Behavioral Health 
    • Exhibit 107: Promises Behavioral Health - Overview
    • Exhibit 108: Promises Behavioral Health - Product / Service
    • Exhibit 109: Promises Behavioral Health - Key offerings
  • 10.9 Pyramid Healthcare Inc. 
    • Exhibit 110: Pyramid Healthcare Inc. - Overview
    • Exhibit 111: Pyramid Healthcare Inc. - Product / Service
    • Exhibit 112: Pyramid Healthcare Inc. - Key offerings
  • 10.10 REM Minnesota 
    • Exhibit 113: REM Minnesota - Overview
    • Exhibit 114: REM Minnesota - Product / Service
    • Exhibit 115: REM Minnesota - Key offerings
  • 10.11 Strategic Behavioral Health 
    • Exhibit 116: Strategic Behavioral Health - Overview
    • Exhibit 117: Strategic Behavioral Health - Product / Service
    • Exhibit 118: Strategic Behavioral Health - Key offerings
  • 10.12 Universal Health Services Inc. 
    • Exhibit 119: Universal Health Services Inc. - Overview
    • Exhibit 120: Universal Health Services Inc. - Business segments
    • Exhibit 121: Universal Health Services Inc. - Key news
    • Exhibit 122: Universal Health Services Inc. - Key offerings
    • Exhibit 123: Universal Health Services Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 124: Inclusions checklist
    • Exhibit 125: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 126: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 127: Research methodology
    • Exhibit 128: Validation techniques employed for market sizing
    • Exhibit 129: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 130: List of abbreviations

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