The market is expected to grow owing to the increasing awareness among the population, several companies, organizations, and governmental bodies are engaged in developing and launching mental health apps across various platforms. For instance, in 2023, Holly Health, a digital healthcare application, collaborated with Age UK Lewisham and Southwark and prominent national and community organizations to offer psychological and physical well-being and coaching to individuals in the age group of 50-70+ throughout the United Kingdom. Further, in April 2022, Talkspace introduced an innovative product lineup to assist employers in fostering emotional intelligence and promoting psychological well-being for their employees within and beyond the workplace.
The COVID-19 pandemic has led to increased utilization of mental health-based platforms across the U.K. The increased adoption of applications for maintaining psychological well-being during the pandemic and rising remote monitoring are some of the factors promoting market growth.
The key participants are engaged in strategies such as agreements, mergers & acquisitions, partnerships, and launches, to expand their global footprints and product portfolio. For instance, in November 2022, Travelers introduced the Wysa for Return-to-Work mobile app for employees who have been injured. This app, developed in collaboration with Wysa, an AI-powered provider of psychological health digital solutions, aims to assist employees facing psychosocial obstacles in returning to the workplace.
U.K. Mental Health Apps Market Report Highlights
- Based on platform, the iOS segment held the largest revenue share of the market in 2022, owing to consumers' rising adoption of iOS-enabled systems & devices
- Based on application, the depression and anxiety management segment dominated the market in 2022. The increasing prevalence of anxiety and depression disorders contributes to the overall segment growth
- Key players operating in the market constantly focus on product launches, partnerships, and geographical expansion to maintain their presence
Table of Contents
Companies Mentioned
- Mindspace
- Calm
- Headspace, Inc
- Youper, Inc
- MoodMission Pty Ltd.
- Sanvello Health
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 129 |
Published | October 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 197.77 Million |
Forecasted Market Value ( USD | $ 734.41 Million |
Compound Annual Growth Rate | 17.8% |
Regions Covered | United Kingdom |
No. of Companies Mentioned | 6 |