Positive feelings or the absence of mental diseases are two ways to define mental well-being or mental well-being. A variety of diverse kinds of mental illnesses, include bipolar disorders, anxiety, despair, PTSD, and eating disorders. Mental well-being, on the other hand, is linked to positive feelings like happiness, joy, and hope as well as optimal brain function. Emotional, behavioral, and physical health are all aspects of mental wellness. A healthy mind promotes productive work. One of the most important determinants of mental wellness is the capacity to manage daily stress. How someone thinks, behaves, makes decisions, and manages relationships can all be impacted by overall mental health.
According to this analysis, the Global Mental Wellness Market was valued at ~US$ 75 billion in 2017. The market for mental wellness will be driven by the increased prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours in today's society. The aging of the elderly population is another factor contributing to the increase of people with mental health issues.
It is estimated to be ~US$ 100 billion in 2022 and is expected to reach a market size of ~US$ 150 billion by 2028 growing at a CAGR of ~6% during 2022-2028.
The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.
With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people's well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.
The market for mental wellness is restricted by a variety of factors, including constrained access to mental health providers, a lack of skilled mental health care professionals, and a shortage of general community awareness of treatment options.
The COVID-19 pandemic and strict regulations imposed by various governments have affected people's pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market's growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.
The region's mental wellness market is growing as a result of the development of activities in the area, including a sharper focus on creating innovative services and the presence of key companies. Additionally, as a result of the rise in smartphone and tablet usage, people are stepping up the attempts to improve overall mental health.
Some of the 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, and others.
In October 2021, Headspace and Ginger have completed their merger to create a US$3 billion mental health enterprise.
Note:This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
According to this analysis, the Global Mental Wellness Market was valued at ~US$ 75 billion in 2017. The market for mental wellness will be driven by the increased prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours in today's society. The aging of the elderly population is another factor contributing to the increase of people with mental health issues.
It is estimated to be ~US$ 100 billion in 2022 and is expected to reach a market size of ~US$ 150 billion by 2028 growing at a CAGR of ~6% during 2022-2028.
The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.
With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people's well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.
The market for mental wellness is restricted by a variety of factors, including constrained access to mental health providers, a lack of skilled mental health care professionals, and a shortage of general community awareness of treatment options.
The COVID-19 pandemic and strict regulations imposed by various governments have affected people's pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market's growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.
Scope of the Report
The Global Mental Wellness Market is segmented into By Disorders, Types, Age Groups, and Services. In addition, the report also covers market size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is US$ BillionBy Disorder
- Depression
- Anxiety
- Schizophrenia
- Substance Use Disorder
- Bipolar Disorder
- Alcohol Use Disorder
- Post-Traumatic Stress Disorder
- Eating Disorder
- Others
By Type
- Senses Spaces & Sleep
- Brain Boosting Nutraceuticals & Botanicals
- Self-Improvement
- Meditation and Mindfulness
By Age Group
- Adult
- Geriatric
- Teenager
By Service
- Emergency Mental Health Services
- Outpatient Counselling
- Home-based Treatment Services
- Inpatient Hospital Treatment Services
- Others
By Geography
- North America (USA, Canada, and Mexico)
- Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, and Africa)
Key Players
- Acadia Healthcare
- Amare Global
- Ascension
- Behavioral Health Network, Inc
- CVS Health
- CareTech
- Headspace Inc
- Promises Behavioral Health
- Pyramid Healthcare Inc
- Universal Health Services
Key Trends by Market Segment
By Disorder - TheDepression segment dominated the market in 2021 since depression is a key factor in the overall global burden of disease and a primary cause of disability worldwide.- According to the World Health Organization (WHO) in September 2021 that an estimated 280 million individuals around the world suffer from depression, which affects 3.8% of the population overall, including 5.0% of adults and 57% of those over the age of 60
- Social, psychological, and biological variables interact in a complicated manner to cause depression. Depression is more prone to occur in people who have experienced catastrophic circumstances, such as unemployment or bereavement Depression can exacerbate an individual's current situation and the depression itself by increasing stress and dysfunction
- By Type - The Senses Spaces & Sleep segment accounted for the highest market share in 2021 as it includes services, items, and designs that emphasize the senses and the mind-body link, raising awareness of how strongly environmental stimuli affect a person's stress levels, mood, and sleep
- The vast majority of sleep- and sleep-environment-optimizing solutions are focused on improving sleep, including accessories, smart beds, wearables, monitors, apps, sleep retreats, and nap cafés
- To ensure restful sleep, a calm mood, and optimal sense function, a variety of sleep and sleep environment optimization devices are utilized, including trackers, smart beds, sleep accessories, wearables, sleep applications, sleep retreats, and nap cafes
- By Age Group - The adult segment accounted for the highest market share in 2021 owing to the Adult’s experience in multiple phases of development from early adulthood to late adulthood, such as obtaining personal and financial independence, success, recognition, and security
- Extreme fear or worry, feelings of deep sadness or emotional numbness, abrupt mood changes, staying away from friends and social situations, changes in eating habits, substance abuse, trouble concentrating, changes in sleeping habits, and suicidal ideation are all symptoms of mental trauma in young adults
- According to the Centers for Disease Control and Prevention in April 2021 stated that Adults with symptoms of an anxiety or depressive condition now make up 41.5% of the population, up from 364%
- By Service - The Inpatient Hospital Treatment Services segment accounted for the highest market share in 2021 due to a growth in the prevalence of mental illnesses, a larger patient population, and a large number of patients using mental health interventions to improve self-care
- The prevalence of mental disorders is rising, there are more patients, and many patients are employing mental health interventions to improve self-care, which is fuelling the segment's revenue growth
- The need for inpatient hospital treatment services is increasing due to a number of benefits, including the availability of round-the-clock care in both private psychiatric hospitals and the mental units of regular hospitals
- By Geography: North Americaa ccounted for the largest market share among all regions in 2021, owing to the presence of major Mental Wellness therapies and treatment organizations like Acadia Healthcare, Behavioral Health Network, Inc, CVS Health, and many more
The region's mental wellness market is growing as a result of the development of activities in the area, including a sharper focus on creating innovative services and the presence of key companies. Additionally, as a result of the rise in smartphone and tablet usage, people are stepping up the attempts to improve overall mental health.
Competitive Landscape
The Global Mental Wellness Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Mental Wellness therapies and treatments. Global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. The major players in the market for mental wellness have shifted the attention to bio-based materials for product manufacturing and are launching significant strategies like mergers and acquisitions and partnerships with national and international businesses to broaden the organization’s product portfolios and increase its market share worldwide.Some of the 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, and others.
Recent Developments Related to Major Players
In January 2022, Headspace Health acquires Sayana, an AI-powered mental health, and wellness company.In October 2021, Headspace and Ginger have completed their merger to create a US$3 billion mental health enterprise.
Conclusion
The Global Mental Wellness Market is anticipated to grow significantly during the projected period (2022-2028) owing to the significance and widespread acceptance of mental health disorders. Instead of simply living a healthy lifestyle that may have a positive impact on overall wellness, the expanded concept of mental wellness in the current day aims to give people a sense of control over their health and happiness. Vendors in the market are creating programs that treat underlying reasons including lack of sleep and challenges at home instead of only tertiary remedies because mental health concerns are underreported owing to the stigma attached to them. The most recent study is focused on connecting cognitive behavioral therapy with smartphones to solve these challenges. Though the market is competitive with ~500 participants, country-niche players control the dominant share and regional players also hold a significant share.Note:This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
Key Topics Covered in the Report
- Snapshot of Mental Wellness Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Mental Wellness Market
- Historic Growth of the Overall Mental Wellness Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Mental Wellness Market Industry
- Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Mental Wellness Market
- Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments
- Market Size of Segments with Historical CAGR and Future Forecasts
- Analysis of the Mental Wellness Market in Global Regions
- Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
Notable Key Players Mentioned in the Report
- Acadia Healthcare
- Amare Global
- Ascension
- Behavioral Health Network, Inc
- CVS Health
- CareTech
- Headspace Inc
- Promises Behavioral Health
- Pyramid Healthcare Inc
- Universal Health Services
- Wysa
- MindPeers
- Gratitude
- YourDOST
- Jeeva
Key Target Audience - Organizations and Entities Who Can be benefited by Subscribing This Report
- Manufacturers and Suppliers of Brain Health Supplements
- Consultants for Brain Health Supplements
- Distributors of Supplements for Brain Health
- Brain Health Supplements Companies
- Mental Wellness Service Providers
- Wellness Solutions Companies
- Wellness Products Nutritional Supplement Industries
- Wellness Product Manufacturers and Raw Material Suppliers
- Suppliers of Raw Materials for Nutritional Supplements
- Health Supplements Organizations, Forums, Alliances, and Associations
- Mental Wellness Research Organizations, and Consulting Companies
- Health Regulatory Organizations and Government Agencies
- Government Ministries and Departments of Healthcare
- PE and VC Firms focused on Wellness Industry
- Startups and Potential Entrants into Wellness Industry
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?- The Global Mental Wellness Market is covered from 2017-2028 in this report, which includes a forecast for the period 2022-2028
- The Global Mental Wellness Market is expected to witness a CAGR of ~6% over the next six years
- The rising prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of today's population's hectic lives, poor diets, lack of physical activity, and long work hours, are expected to be the primary driver of this market
- The Depression segment held the largest share of the global Mental Wellness market in 2021
- Acadia Healthcare, Amare Global, Ascension, Behavioral Health Network, Inc., CVS Health, CareTech, Headspace Inc., Promises Behavioral Health, Pyramid Healthcare Inc., Universal Health Services and others are the major companies operating in the Global Mental Wellness Market
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- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
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Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Global - Market Segmentation By Disorder, Historic Growth, Outlook & Forecasts
4. Total Global - Market Segmentation by Type, Historic Growth, Outlook & Forecasts
5. Total Global - Market Segmentation by Age Group, Historic Growth, Outlook & Forecasts
6. Total Global - Market Segmentation by Service, Historic Growth, Outlook & Forecasts
7. Application/Competition Analysis - Competitive Landscape
8. Key Competitor Profiles (Company Overview, Strengths & Weakness of Key Competitors)
9. Geographic Analysis & Major Region Market Historic Growth, Outlook, and Forecasts
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acadia Healthcare
- Amare Global
- Ascension
- Behavioral Health Network, Inc.
- CVS Health
- CareTech
- Headspace Inc.
- Promises Behavioral Health
- Pyramid Healthcare Inc.
- Universal Health Services
- Wysa
- MindPeers
- Gratitude
- YourDOST
- Jeeva
