This report describes and explains the mental wellness market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global mental wellness market reached a value of nearly $174.15 billion in 2024, having grown at a compound annual growth rate (CAGR) of 8.05% since 2019. The market is expected to grow from $174.15 billion in 2024 to $262.65 billion in 2029 at a rate of 8.57%. The market is then expected to grow at a CAGR of 9.48% from 2029 and reach $413.13 billion in 2034.
Growth in the historic period resulted from the increasing awareness of stress management, increasing prevalence of mental health disorders, social media and online communities and government initiatives to improve access to mental health services. Factors that negatively affected growth in the historic period were lack of awareness.
Going forward, increasing aging population, increasing healthcare expenditure and rising urbanization will drive the growth. Factor that could hinder the growth of the mental wellness market in the future include economic shutdowns.
The global mental wellness market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 5.01% of the total market in 2023. CVS Health Corp. was the largest competitor with a 1.16% share of the market, followed by Teladoc Health with 0.79%, Universal Health Services Inc. with 0.77%, Acadia Healthcare Company with 0.64%, Sevita with 0.55%, Evernorth Health Inc. with 0.46%, Fitbit Health Solutions Inc. (Google) with 0.17%, Virgin Pulse Inc. with 0.17%, Headspace Inc. with 0.17% and Pyramid Healthcare Inc. with 0.13%.
North America was the largest region in the mental wellness market, accounting for 36.39% or $63.36 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the mental wellness market will be Asia-Pacific and South America where growth will be at CAGRs of 10.45% and 10.22% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 9.97% and 9.71% respectively.
The mental wellness market is segmented by type into senses, spaces and sleep, brain boosting nutraceuticals and botanicals, self-improvement and meditation and mindfulness. The senses, spaces and sleep market was the largest segment of the mental wellness market segmented by type, accounting for 39.66% or $69.06 billion of the total in 2024. Going forward, the meditation and mindfulness segment is expected to be the fastest growing segment in the mental wellness market segmented by type, at a CAGR of 9.53% during 2024-2029.
The mental wellness market is segmented by service into emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services and other services. The inpatient hospital treatment services market was the largest segment of the mental wellness market segmented by service, accounting for 40.19% or $69.98 billion of the total in 2024. Going forward, the inpatient hospital treatment services segment is expected to be the fastest growing segment in the mental wellness market segmented by service, at a CAGR of 9.10% during 2024-2029.
The mental wellness market is segmented by disorder into depression, anxiety, schizophrenia, substance use disorder, bipolar disorder, alcohol use disorder, post-traumatic stress disorder, eating disorder and other disorder. The depression market was the largest segment of the mental wellness market segmented by disorder, accounting for 36.49% or $63.54 billion of the total in 2024. Going forward, the anxiety segment is expected to be the fastest growing segment in the mental wellness market segmented by disorder, at a CAGR of 9.74% during 2024-2029.
The mental wellness market is segmented by age into adult, geriatric and teenager. The adult market was the largest segment of the mental wellness market segmented by age, accounting for 47.15% or $82.11 billion of the total in 2024. Going forward, the adult segment is expected to be the fastest growing segment in the mental wellness market segmented by age, at a CAGR of 10.06% during 2024-2029.
The top opportunities in the mental wellness market segmented by type will arise in the senses, spaces and sleep segment, which will gain $88.5 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by service will arise in the inpatient hospital treatment services segment, which will gain $38.21 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by disorder will arise in the depression segment, which will gain $33.82 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by age will arise in the adult segment, which will gain $50.47 billion of global annual sales by 2029. The mental wellness market size will gain the most in the USA at $23.61 billion.
Market-trend-based strategies for the mental wellness market include focus on AI-powered innovations to enhance accessibility and personalized support, innovative contributions of digital health startups to mental wellness, mental health portals enhancing employee well-being and engagement and focus on campus-based mental health programs.
Player-adopted strategies in the mental wellness market include focus on strengthening their business expertise through new program launches, new openings of mental wellness centers and improving its portfolio through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the mental wellness companies to focus on AI-driven solutions for enhanced mental wellness support, focus on integrating mental health with comprehensive wellness platforms, focus on developing employee mental health portals, focus on senses, spaces, and sleep market for growth, focus on inpatient hospital treatment services for growth, focus on adult market for growth, focus on anxiety market for growth, expand in emerging markets, focus on strategic partnerships for comprehensive mental health solutions, focus on value-based pricing for mental wellness companies, focus on targeted digital marketing for mental wellness companies, focus on community engagement to strengthen brand loyalty and focus on tailored service delivery for mental wellness companies.
The global mental wellness market reached a value of nearly $174.15 billion in 2024, having grown at a compound annual growth rate (CAGR) of 8.05% since 2019. The market is expected to grow from $174.15 billion in 2024 to $262.65 billion in 2029 at a rate of 8.57%. The market is then expected to grow at a CAGR of 9.48% from 2029 and reach $413.13 billion in 2034.
Growth in the historic period resulted from the increasing awareness of stress management, increasing prevalence of mental health disorders, social media and online communities and government initiatives to improve access to mental health services. Factors that negatively affected growth in the historic period were lack of awareness.
Going forward, increasing aging population, increasing healthcare expenditure and rising urbanization will drive the growth. Factor that could hinder the growth of the mental wellness market in the future include economic shutdowns.
The global mental wellness market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 5.01% of the total market in 2023. CVS Health Corp. was the largest competitor with a 1.16% share of the market, followed by Teladoc Health with 0.79%, Universal Health Services Inc. with 0.77%, Acadia Healthcare Company with 0.64%, Sevita with 0.55%, Evernorth Health Inc. with 0.46%, Fitbit Health Solutions Inc. (Google) with 0.17%, Virgin Pulse Inc. with 0.17%, Headspace Inc. with 0.17% and Pyramid Healthcare Inc. with 0.13%.
North America was the largest region in the mental wellness market, accounting for 36.39% or $63.36 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the mental wellness market will be Asia-Pacific and South America where growth will be at CAGRs of 10.45% and 10.22% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 9.97% and 9.71% respectively.
The mental wellness market is segmented by type into senses, spaces and sleep, brain boosting nutraceuticals and botanicals, self-improvement and meditation and mindfulness. The senses, spaces and sleep market was the largest segment of the mental wellness market segmented by type, accounting for 39.66% or $69.06 billion of the total in 2024. Going forward, the meditation and mindfulness segment is expected to be the fastest growing segment in the mental wellness market segmented by type, at a CAGR of 9.53% during 2024-2029.
The mental wellness market is segmented by service into emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services and other services. The inpatient hospital treatment services market was the largest segment of the mental wellness market segmented by service, accounting for 40.19% or $69.98 billion of the total in 2024. Going forward, the inpatient hospital treatment services segment is expected to be the fastest growing segment in the mental wellness market segmented by service, at a CAGR of 9.10% during 2024-2029.
The mental wellness market is segmented by disorder into depression, anxiety, schizophrenia, substance use disorder, bipolar disorder, alcohol use disorder, post-traumatic stress disorder, eating disorder and other disorder. The depression market was the largest segment of the mental wellness market segmented by disorder, accounting for 36.49% or $63.54 billion of the total in 2024. Going forward, the anxiety segment is expected to be the fastest growing segment in the mental wellness market segmented by disorder, at a CAGR of 9.74% during 2024-2029.
The mental wellness market is segmented by age into adult, geriatric and teenager. The adult market was the largest segment of the mental wellness market segmented by age, accounting for 47.15% or $82.11 billion of the total in 2024. Going forward, the adult segment is expected to be the fastest growing segment in the mental wellness market segmented by age, at a CAGR of 10.06% during 2024-2029.
The top opportunities in the mental wellness market segmented by type will arise in the senses, spaces and sleep segment, which will gain $88.5 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by service will arise in the inpatient hospital treatment services segment, which will gain $38.21 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by disorder will arise in the depression segment, which will gain $33.82 billion of global annual sales by 2029. The top opportunities in the mental wellness market segmented by age will arise in the adult segment, which will gain $50.47 billion of global annual sales by 2029. The mental wellness market size will gain the most in the USA at $23.61 billion.
Market-trend-based strategies for the mental wellness market include focus on AI-powered innovations to enhance accessibility and personalized support, innovative contributions of digital health startups to mental wellness, mental health portals enhancing employee well-being and engagement and focus on campus-based mental health programs.
Player-adopted strategies in the mental wellness market include focus on strengthening their business expertise through new program launches, new openings of mental wellness centers and improving its portfolio through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the mental wellness companies to focus on AI-driven solutions for enhanced mental wellness support, focus on integrating mental health with comprehensive wellness platforms, focus on developing employee mental health portals, focus on senses, spaces, and sleep market for growth, focus on inpatient hospital treatment services for growth, focus on adult market for growth, focus on anxiety market for growth, expand in emerging markets, focus on strategic partnerships for comprehensive mental health solutions, focus on value-based pricing for mental wellness companies, focus on targeted digital marketing for mental wellness companies, focus on community engagement to strengthen brand loyalty and focus on tailored service delivery for mental wellness companies.
Major Market Trends
- Focus on AI-Powered Innovations To Enhance Accessibility and Personalized Support
- Innovative Contributions of Digital Health Startups To Mental Wellness
- Mental Health Portals Enhancing Employee Well-Being and Engagement
- Focus on Campus-Based Mental Health Programs
Key Mergers and Acquisitions
- Headspace Health Acquired Sayana
- CVS Health Acquired Signify Health Inc.
- Mentalhealth.Com Acquired Mentalhelp.Net
- Big Health Acquired Limbix
- Alan Mind Acquired Jour
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Mental Wellness Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Mental Wellness Market Segmentation
11 Mental Wellness Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Mental Wellness Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Mental Wellness Global Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global mental wellness market as it emerges from the COVID-19 shut down.Reasons to Purchase::
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for mental wellness? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The mental wellness 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 history and forecasts market growth by geography. It places the market within the context of the wider mental wellness market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by service, by age and by disorder.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the mental wellness market.
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by service, by age and by disorder in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - This section includes recommendations for mental wellness providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Type: Senses, Spaces And Sleep; Brain Boosting Nutraceuticals And Botanicals; Self-Improvement; Meditation And Mindfulness2) By Service: Emergency Mental Health Services; Outpatient Counselling; Home-Based Treatment Services; Inpatient Hospital Treatment Services; Other Services
3) By Age: Adult; Geriatric; Teenager
4) By Disorder: Depression; Anxiety; Schizophrenia; Substance Use Disorder; Bipolar Disorder; Alcohol Use Disorder; Other Disorder
Key Companies Mentioned: CVS Health Corp.; Teladoc Health; Universal Health Services Inc.; Acadia Healthcare Company; Sevita
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia.
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; mental wellness indicators comparison.
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.
Companies Mentioned
The major companies featured in this Mental Wellness market report include:- CVS Health Corp.
- Teladoc Health
- Universal Health Services Inc.
- Acadia Healthcare Company
- Sevita
- Evernorth Health Inc.
- Fitbit Health Solutions Inc. (Google)
- Virgin Pulse Inc.
- Headspace Inc.
- Pyramid Healthcare Inc.
- Wysa
- InnerHour
- Calm Collective
- Xingren Doctor
- JD Health
- Tianren Culture
- Tata Consultancy Services
- Dai-ichi Life
- Intellect
- Kristal.AI
- Mindspot
- Lifeline Australia
- Blyss Healthcare
- BetterLYF
- Trijog
- Riliv
- Mindsnap
- Kokoro Care
- CureMetrix
- Yi Li Health
- Beijing MindMates Technology
- Beijing Sinovac Biotech
- iHealth.cn
- Teale
- Alan
- Neurocare
- Nilo.health
- Doctolib
- MyndUP
- MindDoc Health GmbH
- HelloBetter
- Teleskill Italia S.r.l.
- Unmind
- Thrive Therapeutic Software
- IREX
- Mindgram
- Helping Hand (HH24)
- MedLife
- Sazka Group
- Medicover
- Wellbee
- MedLife
- Clinilife
- MindSpa
- GoodTherapy
- Mayo Clinic
- K Health
- United We Care
- Unmind
- Headspace Inc
- Calm.com, Inc
- BetterHelp
- Meru Health
- Spring Health
- Modern Health
- Lyra Health
- Artemis
- Progressus
- Telavita
- Pura Mente
- Yerbo
- Aspris Wellbeing Centre DHCC
- The LightHouse Arabia
- Tamer Healthcare
- AlemHealth
- AMD Global Telemedicine Inc
- Shezlong
- Esaal
- Discovery Health
- AfroCentric Group
- Panda Health
- The Retreat Healthcare
- PsychNG Services
- Oasis Health
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 349 |
| Published | March 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 174.15 Billion |
| Forecasted Market Value ( USD | $ 413.13 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 85 |
