This Emotional Counseling Service market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The emotional counseling service market size has grown exponentially in recent years. It will grow from $3.6 billion in 2023 to $3.5 billion in 2024 at a compound annual growth rate (CAGR) of 34.8%. The growth observed during the historic period can be attributed to several factors, including rising levels of stress and anxiety, the availability of online counseling and teletherapy services, evolving cultural attitudes towards mental health, increasing incidences of relationship problems, and educational initiatives.
The emotional counseling service market size is expected to see exponential growth in the next few years. It will grow to $11.7 billion in 2028 at a compound annual growth rate (CAGR) of 35.2%. The projected growth during the forecast period can be attributed to several factors, including increased mental health awareness, rising stress levels in workplaces, expanded healthcare coverage for mental health services, growing adoption of teletherapy platforms, and greater acceptance of seeking psychological help. Key trends expected during this period include the use of artificial intelligence in therapy, the expansion of online counseling platforms, personalized treatment plans driven by data analytics, the integration of mindfulness practices, and the application of virtual reality in therapy.
The growth of the emotional counseling service market is expected to be driven by the increasing prevalence of mental health disorders. Mental health disorders involve disturbances in thoughts, emotions, and behaviors, encompassing a range of mental illnesses influenced by various factors such as biological, environmental, psychological, social, substance use, lifestyle, occupational, and life transition elements. Emotional counseling services support individuals with mental health disorders by providing a supportive environment for expressing feelings, developing coping strategies, and receiving professional guidance, which leads to improved mental well-being. For example, in November 2022, NHS Digital, a UK-based government agency, reported that 3,256,695 individuals engaged with NHS-funded secondary services for mental health, learning disabilities, and autism during 2021-2022, up from 2,803,244 in 2020-2021. This increasing prevalence of mental health disorders is driving the growth of the emotional counseling service market.
Leading companies in the emotional counseling service market are focusing on advanced technological solutions, such as AI-based mental wellness coaches, to provide personalized support and improve the accessibility and effectiveness of mental health care. An AI-based mental wellness coach is a digital platform or application that utilizes artificial intelligence to offer personalized support, guidance, and therapeutic interventions for mental health and well-being. For instance, in April 2024, Fortis Healthcare, an India-based healthcare company, launched the Adayu Mindfulness app. This innovative platform uses AI to enhance mental health care in India, featuring an AI virtual wellness coach named Stella. The app offers personalized mental health self-assessments and connects users with qualified mental health professionals, including psychiatrists and therapists. The initiative aims to improve access to mental health services and reduce the stigma surrounding mental health issues in a country where approximately one in eight individuals suffers from a mental health disorder. The app provides services related to psychiatry, clinical and counseling psychology, psychodynamics, psychotherapy, and more.
In January 2024, Acentra Health, a U.S.-based company offering comprehensive mental health and counseling services, acquired EAP Consultants LLC for an undisclosed amount. This acquisition is intended to enhance Acentra Health’s Employee Assistance Program (EAP) offerings by integrating advanced technology and mental health expertise to address the mental health crisis, improve employee support and productivity, and align with federal guidance for EAP services. EAP Consultants LLC is a U.S.-based healthcare consulting company specializing in emotional counseling services.
Major companies operating in the emotional counseling service market are Cleveland Clinic, Teladoc Health Inc., LifeStance Health, GoodRx Inc, Thriveworks Counseling, Headspace Inc, Lyra Health Inc., MDLive Inc, Doctor On Demand, Spring Health Inc., Talkspace, Brightside, 7 Cups of Tea Co., Congruent Counseling Services, PlushCare Inc, Amwell Inc, BetterHelp, Dotdash Meredith Inc., Edupsych, GoodTherapy, Mind Voyage, Positive Psychology.
Asia-Pacific was the largest region in the emotional counseling service market in 2023. The regions covered in the emotional counseling service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the emotional counseling service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Emotional counseling services are professional services aimed at helping individuals understand, manage, and overcome emotional challenges and mental health issues. These services involve consultations with trained counselors or therapists who offer support, guidance, and strategies to enhance emotional well-being.
The primary categories of emotional counseling services include social interaction problems, physical emotional problems, emotional problems, and others. Social interaction problems encompass difficulties individuals encounter in effectively engaging in social situations, such as forming friendships, interpreting social cues, or sustaining conversations. These services are beneficial for a range of clients, including children and adults, and are applied in various settings such as hospitals, clinics, consulting environments, schools, personal settings, and others.
The emotional counseling service market research report is one of a series of new reports that provides emotional counseling service market statistics, including emotional counseling service industry global market size, regional shares, competitors with an emotional counseling service market share, detailed emotional counseling service market segments, market trends and opportunities, and any further data you may need to thrive in the emotional counseling service industry. This emotional counseling service market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The emotional counseling service market includes revenues earned by entities by providing services such as individual therapy sessions, group counseling, online counseling, workshops and seminars and employee assistance programs (EAPs). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The emotional counseling service market size has grown exponentially in recent years. It will grow from $3.6 billion in 2023 to $3.5 billion in 2024 at a compound annual growth rate (CAGR) of 34.8%. The growth observed during the historic period can be attributed to several factors, including rising levels of stress and anxiety, the availability of online counseling and teletherapy services, evolving cultural attitudes towards mental health, increasing incidences of relationship problems, and educational initiatives.
The emotional counseling service market size is expected to see exponential growth in the next few years. It will grow to $11.7 billion in 2028 at a compound annual growth rate (CAGR) of 35.2%. The projected growth during the forecast period can be attributed to several factors, including increased mental health awareness, rising stress levels in workplaces, expanded healthcare coverage for mental health services, growing adoption of teletherapy platforms, and greater acceptance of seeking psychological help. Key trends expected during this period include the use of artificial intelligence in therapy, the expansion of online counseling platforms, personalized treatment plans driven by data analytics, the integration of mindfulness practices, and the application of virtual reality in therapy.
The growth of the emotional counseling service market is expected to be driven by the increasing prevalence of mental health disorders. Mental health disorders involve disturbances in thoughts, emotions, and behaviors, encompassing a range of mental illnesses influenced by various factors such as biological, environmental, psychological, social, substance use, lifestyle, occupational, and life transition elements. Emotional counseling services support individuals with mental health disorders by providing a supportive environment for expressing feelings, developing coping strategies, and receiving professional guidance, which leads to improved mental well-being. For example, in November 2022, NHS Digital, a UK-based government agency, reported that 3,256,695 individuals engaged with NHS-funded secondary services for mental health, learning disabilities, and autism during 2021-2022, up from 2,803,244 in 2020-2021. This increasing prevalence of mental health disorders is driving the growth of the emotional counseling service market.
Leading companies in the emotional counseling service market are focusing on advanced technological solutions, such as AI-based mental wellness coaches, to provide personalized support and improve the accessibility and effectiveness of mental health care. An AI-based mental wellness coach is a digital platform or application that utilizes artificial intelligence to offer personalized support, guidance, and therapeutic interventions for mental health and well-being. For instance, in April 2024, Fortis Healthcare, an India-based healthcare company, launched the Adayu Mindfulness app. This innovative platform uses AI to enhance mental health care in India, featuring an AI virtual wellness coach named Stella. The app offers personalized mental health self-assessments and connects users with qualified mental health professionals, including psychiatrists and therapists. The initiative aims to improve access to mental health services and reduce the stigma surrounding mental health issues in a country where approximately one in eight individuals suffers from a mental health disorder. The app provides services related to psychiatry, clinical and counseling psychology, psychodynamics, psychotherapy, and more.
In January 2024, Acentra Health, a U.S.-based company offering comprehensive mental health and counseling services, acquired EAP Consultants LLC for an undisclosed amount. This acquisition is intended to enhance Acentra Health’s Employee Assistance Program (EAP) offerings by integrating advanced technology and mental health expertise to address the mental health crisis, improve employee support and productivity, and align with federal guidance for EAP services. EAP Consultants LLC is a U.S.-based healthcare consulting company specializing in emotional counseling services.
Major companies operating in the emotional counseling service market are Cleveland Clinic, Teladoc Health Inc., LifeStance Health, GoodRx Inc, Thriveworks Counseling, Headspace Inc, Lyra Health Inc., MDLive Inc, Doctor On Demand, Spring Health Inc., Talkspace, Brightside, 7 Cups of Tea Co., Congruent Counseling Services, PlushCare Inc, Amwell Inc, BetterHelp, Dotdash Meredith Inc., Edupsych, GoodTherapy, Mind Voyage, Positive Psychology.
Asia-Pacific was the largest region in the emotional counseling service market in 2023. The regions covered in the emotional counseling service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the emotional counseling service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Emotional counseling services are professional services aimed at helping individuals understand, manage, and overcome emotional challenges and mental health issues. These services involve consultations with trained counselors or therapists who offer support, guidance, and strategies to enhance emotional well-being.
The primary categories of emotional counseling services include social interaction problems, physical emotional problems, emotional problems, and others. Social interaction problems encompass difficulties individuals encounter in effectively engaging in social situations, such as forming friendships, interpreting social cues, or sustaining conversations. These services are beneficial for a range of clients, including children and adults, and are applied in various settings such as hospitals, clinics, consulting environments, schools, personal settings, and others.
The emotional counseling service market research report is one of a series of new reports that provides emotional counseling service market statistics, including emotional counseling service industry global market size, regional shares, competitors with an emotional counseling service market share, detailed emotional counseling service market segments, market trends and opportunities, and any further data you may need to thrive in the emotional counseling service industry. This emotional counseling service market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The emotional counseling service market includes revenues earned by entities by providing services such as individual therapy sessions, group counseling, online counseling, workshops and seminars and employee assistance programs (EAPs). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Emotional Counseling Service Market Characteristics3. Emotional Counseling Service Market Trends and Strategies32. Global Emotional Counseling Service Market Competitive Benchmarking33. Global Emotional Counseling Service Market Competitive Dashboard34. Key Mergers and Acquisitions in The Emotional Counseling Service Market
4. Emotional Counseling Service Market - Macro Economic Scenario
5. Global Emotional Counseling Service Market Size and Growth
6. Emotional Counseling Service Market Segmentation
7. Emotional Counseling Service Market Regional and Country Analysis
8. Asia-Pacific Emotional Counseling Service Market
9. China Emotional Counseling Service Market
10. India Emotional Counseling Service Market
11. Japan Emotional Counseling Service Market
12. Australia Emotional Counseling Service Market
13. Indonesia Emotional Counseling Service Market
14. South Korea Emotional Counseling Service Market
15. Western Europe Emotional Counseling Service Market
16. UK Emotional Counseling Service Market
17. Germany Emotional Counseling Service Market
18. France Emotional Counseling Service Market
19. Italy Emotional Counseling Service Market
20. Spain Emotional Counseling Service Market
21. Eastern Europe Emotional Counseling Service Market
22. Russia Emotional Counseling Service Market
23. North America Emotional Counseling Service Market
24. USA Emotional Counseling Service Market
25. Canada Emotional Counseling Service Market
26. South America Emotional Counseling Service Market
27. Brazil Emotional Counseling Service Market
28. Middle East Emotional Counseling Service Market
29. Africa Emotional Counseling Service Market
30. Emotional Counseling Service Market Competitive Landscape and Company Profiles
31. Emotional Counseling Service Market Other Major and Innovative Companies
35. Emotional Counseling Service Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Emotional Counseling Service Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on emotional counseling service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for emotional counseling service? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The emotional counseling service market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Social Interaction Problems; Physical Emotional Problems; Emotional Problems; Other Types2) By Patient Type: Children; Adult
3) By Application: Hospital; Clinic; Consultancy; School; Personal; Other Applications
Key Companies Mentioned: Cleveland Clinic; Teladoc Health Inc.; LifeStance Health; GoodRx Inc; Thriveworks Counseling
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Emotional Counseling Service market report include:- Cleveland Clinic
- Teladoc Health Inc.
- LifeStance Health
- GoodRx Inc
- Thriveworks Counseling
- Headspace Inc
- Lyra Health Inc.
- MDLive Inc
- Doctor On Demand
- Spring Health Inc.
- Talkspace
- Brightside
- 7 Cups of Tea Co.
- Congruent Counseling Services
- PlushCare Inc
- Amwell Inc
- BetterHelp
- Dotdash Meredith Inc.
- Edupsych
- GoodTherapy
- Mind Voyage
- Positive Psychology
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.5 Billion |
Forecasted Market Value ( USD | $ 11.7 Billion |
Compound Annual Growth Rate | 35.2% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |