The global mental Health Service market is anticipated to grow at a CAGR of 7.5% during the forecast period (2023-2030). The impact of Covid-19 on people’s mental health is well recognized. The Centre for Mental Health has estimated that up to 10 million people, including 1.5 million children, are likely to need new or additional mental health support as a direct result of the crisis. According to the World Health Organization (WHO), in 2022, Mental disorders are the leading cause of disability, causing 1 in 6 years lived with disability. People with severe mental health conditions die on average 10 to 20 years earlier than the general population, resulting in preventable physical diseases. Depression and anxiety went up by more than 25.0% in the first year of COVID-19 alone. Various healthcare company offers treatment for people with serious mental illness, while community mental health services, private psychiatric services, and other specialist clinics also offer a range of other options for people who need intensive treatment options.
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For instance, in May 2023, TELUS Health launched total mental health an innovative solution that provides employees with access to a team of care professionals who curate personal care journeys with unlimited mental health counseling, therapist-led iCBT programs, digital tools, assessments, and ongoing tracking and feedback. Physical health frequently improves when underlying mental health issues are treated or when people receive counseling or treatment to help regulate emotions and enhance mood. For instance, in June 2023, Alight, Inc. a cloud-based human capital and technology services provider, launched enhanced services to help employees and families navigate complex behavioral mental health concerns. Available to organizations utilizing alight clinical guidance and alight total guidance, the new features are designed to overcome many of the barriers faced by individuals when trying to seek treatment. Alternative therapies such as mindfulness techniques, art therapy, and yoga can also be useful additions to treatment that offer holistic approaches to improving mental health. For instance, in July 2022, NeuroFlow, the market in behavioral health integration, launched a referral network with a group of initial mental behavioral health service providers, teletherapy companies, and telepsychiatry organizations to expand access to care across the healthcare industry. The growing demand for behavioral mental health support has put a spotlight on the challenges of accessing proper levels of care – this partnership introduces a new standard for navigating the ecosystem.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Disorder
o By Service
o By Age Group
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Johnson & Johnson, Universal Health Services, Inc., Acadia Healthcare, Behavioral Health Network, Inc., 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 are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Mental Health Service Market Report Segment
By Disorder
- Schizophrenia
- Alcohol Use Disorders
- Bipolar Disorder
- Depression
- Anxiety
- Post-Traumatic Stress Disorder
- Other Disorders
By Service
- Emergency Mental Health Services
- Outpatient Counselling
- Home-Based Treatment Services
- Inpatient Hospital Treatment Services
- Other Services
By Age Group
- Pediatric
- Adult
- Geriatric
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Global Mental Health Service 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
- Amare Global
- Apollo Neuroscience, Inc.
- CareTech Holdings PLC
- CuraLinc Healthcare
- Franklin Covey Co.
- Headspace Inc.
- North Range Behavioral Health
- Promises Behavioral Health
- Pyramid Healthcare Inc.
- RK Consulting PLLC
- Sevita
- Skillpath
- Strategic Behavioral Health, LLC
- Union Pacific Corp.
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