Market Size of Mental Health Apps Industry
Study Period | 2021 - 2029 |
Market Size (2024) | USD 7.09 Billion |
Market Size (2029) | USD 15.42 Billion |
CAGR (2024 - 2029) | 16.82 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mental Health Apps Market Analysis
The Mental Health Apps Market size is estimated at USD 7.09 billion in 2024, and is expected to reach USD 15.42 billion by 2029, growing at a CAGR of 16.82% during the forecast period (2024-2029).
The COVID-19 outbreak substantially impacted the mental health app market and greatly boosted the digital mental health market worldwide. The pandemic phase witnessed an upsurge in the usage of mental health apps for coping with conditions due to the limitations and restrictions on social distancing and isolation, affecting individuals' mental states. For instance, as per the article published in December 2021 by PubMed, due to the increased demand for services from mental health professionals, many people struggled to access in-person services. This led to an augmented demand for online and telehealth services, including a 50% increase in the number of Australian young people aged 18-25 who accessed online mental health services, thereby increasing the downloads of mental health apps. Additionally, as per the article published in March 2021 in PubMed, among the 16 most downloaded mental health apps, 10 were meditational, 13 showed increased downloads, and 11 apps showed a 10% increase in downloads after the pandemic started. As per the mental health app statistics, the market is anticipated to witness growth in the post-pandemic phase due to the rise in awareness regarding mental health and the increase in technological advancements in mental health services.
Furthermore, the major factors boosting the mental health app market growth are the increasing awareness of the importance of mental health, the surge in mental disorders, the rise in strategic initiatives undertaken by several companies within the mental healthcare industry, and the growing usage of mental health applications. For instance, as per the State of Mental Health in America 2022 report and mental health app statistics, the number of youths experiencing a severe major depressive episode (MDE) increased by 197,000 from the 2021 dataset. Thus, the rise in the incidence of depressive disorders leads to a surge in demand for mental health apps, which is expected to boost the mental health app market growth over the forecast period.
Owing to the increasing awareness among the population, several mental health app companies, organizations, and governmental bodies are engaged in developing and launching mental health tracker apps across various platforms. For instance, in April 2021, the GOI virtually launched the "MANAS" app to promote well-being across age groups. Furthermore, numerous companies are involved in launching newer apps into the market to help individuals with mental disorders. For instance, in October 2021, the Y Combinator-backed Mental Happy app initiated the goal of making mental health care accessible, affordable, and stigma-free by developing low-cost peer support groups within the app to boost access to conditions such as coping with anxiety, life after divorce, and black mental health. Similarly, in November 2021, Koo App & Fortis launched an awareness campaign on World Mental Health Day. Furthermore, in April 2022, talk space, a provider of virtual behavioral health services, launched Talk space Self-Guided, a suite of offerings for employers designed to help executives, managers, and teams prioritize and build emotional intelligence (EQ) and mental wellness in and out of the workplace.
Thus, due to the rise in mental health issues and the surge in new mental health applications launches, the market is expected to witness significant growth over the forecast period. However, data privacy and research concerns are major factors hindering the mental health apps market's growth.
Mental Health Apps Industry Segmentation
As per the scope of the report, mental health apps are designed to provide mental healthcare assistance to the patient population and can be accessed through mobile applications. These applications help track the mental health of individuals and invest in self-care. The Mental Health Apps Market is Segmented by Platform Type (Android, iOS, and Other Platform Types), Application (Depression and Anxiety Management, Stress Management, Meditation Management, and Other Application Types), End User (Home Care Settings, Mental Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated mental health apps market size and trends for 17 countries across major global regions. The report offers the value (USD million) for the above segments.
By Platform Type | |
Android | |
iOS | |
Other Platform Types |
By Application | |
Depression and Anxiety Management | |
Stress Management | |
Meditation Management | |
Other Application Types |
By End User | |
Home Care Settings | |
Mental Hospitals | |
Other End Users |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Mental Health Apps Market Size Summary
The mental health apps market is poised for significant expansion, driven by increased awareness of mental health issues and the growing prevalence of mental disorders. The COVID-19 pandemic acted as a catalyst, accelerating the adoption of digital mental health solutions as individuals sought alternatives to in-person services due to social distancing measures. This surge in demand has led to a proliferation of mental health apps, with companies and organizations launching new platforms to address various mental health challenges. The market is characterized by a diverse range of applications, from meditation and mindfulness to more comprehensive mental health support, leveraging advancements in technology such as artificial intelligence and machine learning to enhance user experience and effectiveness.
North America is expected to be a key region for growth, supported by a robust healthcare IT infrastructure and a high rate of mobile application usage. The region's market expansion is further bolstered by the increasing incidence of stress, depression, and anxiety, alongside a strong emphasis on mental health awareness. The fragmented nature of the market sees numerous global and domestic players employing strategies like partnerships, mergers, and new product launches to strengthen their market presence. As the demand for mental health apps continues to rise, driven by both the need for accessible mental health care and technological innovations, the market is set to experience substantial growth over the forecast period.
Mental Health Apps Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Growing Awareness Pertaining to the Importance of Mental Health
-
1.2.2 Upsurge in Mental Conditions Worldwide
-
-
1.3 Market Restraints
-
1.3.1 Privacy and Research Concerns
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Platform Type
-
2.1.1 Android
-
2.1.2 iOS
-
2.1.3 Other Platform Types
-
-
2.2 By Application
-
2.2.1 Depression and Anxiety Management
-
2.2.2 Stress Management
-
2.2.3 Meditation Management
-
2.2.4 Other Application Types
-
-
2.3 By End User
-
2.3.1 Home Care Settings
-
2.3.2 Mental Hospitals
-
2.3.3 Other End Users
-
-
2.4 Geography
-
2.4.1 North America
-
2.4.1.1 United States
-
2.4.1.2 Canada
-
2.4.1.3 Mexico
-
-
2.4.2 Europe
-
2.4.2.1 Germany
-
2.4.2.2 United Kingdom
-
2.4.2.3 France
-
2.4.2.4 Italy
-
2.4.2.5 Spain
-
2.4.2.6 Rest of Europe
-
-
2.4.3 Asia-Pacific
-
2.4.3.1 China
-
2.4.3.2 Japan
-
2.4.3.3 India
-
2.4.3.4 Australia
-
2.4.3.5 South Korea
-
2.4.3.6 Rest of Asia-Pacific
-
-
2.4.4 Middle East and Africa
-
2.4.4.1 GCC
-
2.4.4.2 South Africa
-
2.4.4.3 Rest of Middle East and Africa
-
-
2.4.5 South America
-
2.4.5.1 Brazil
-
2.4.5.2 Argentina
-
2.4.5.3 Rest of South America
-
-
-
Mental Health Apps Market Size FAQs
How big is the Mental Health Apps Market?
The Mental Health Apps Market size is expected to reach USD 7.09 billion in 2024 and grow at a CAGR of 16.82% to reach USD 15.42 billion by 2029.
What is the current Mental Health Apps Market size?
In 2024, the Mental Health Apps Market size is expected to reach USD 7.09 billion.