Global Emerging Mental Health Devices and Platforms Market Size is valued at USD 3.9 Bn in 2024 and is predicted to reach USD 33.4 Bn by the year 2034 at a 24.0% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
Mental health is a severe upcoming health issue due to the covid-19 pandemic. According to a new survey by WHO, the COVID-19 outbreak has disrupted critical mental health services in 93% of countries worldwide. The rapid invention of various healthcare applications is expected to drive growth opportunities for the mental health devices and platforms market in the coming future.
AI-powered technologies acquired popularity in 2020 and have increased, becoming life-changing by 2022. AI chatbots, such as Wysa and Woebot, may assist patients with cognitive-behavioural Therapy (CBT). People who use these gadgets will also find them helpful in dealing with their symptoms in between consultations.
The Covid-19 pandemic also caused a significant anxiety scale due to social isolation, unemployment, and constant anxiety about the virus. As a result, mental health is now more vital than ever. This is also reflected in numbers: according to the World Health Organisation (WHO), depression will be the most significant healthcare issue by 2030, with a global cost of $6 trillion.
Driving factors of the emerging mental health devices and platforms market include advancements in medical technologies, surging use of mobile applications and the internet, rising awareness regarding digital healthcare services, increasing mental health problems, changing living standards, and the need for cost-effective and home healthcare services. Furthermore, the high demand for Telehealth services and the increasing efforts by pharmaceutical companies to digitalize healthcare services are projected to boost the growth opportunities for this market. However, the factors such as data security issues, the high cost of devices, and the need for validated scientific data may hamper the emerging mental health devices and platforms market expansion over the forecast years.
The emerging mental health devices and platforms market can be segmented into Products, Therapies, End-Users, Applications, and regions. The product segment includes Platforms and Devices, and the devices segment is anticipated to record high growth in the near future. On the basis of Therapy, the market is divided into Cognitive Behavior Therapy (CBT), Electrotherapy, and Other Therapy. End-users divide the market into Patients, Providers, Employers, and Other End Users. In terms of applications, the market comprises Stress, Anxiety, Depression, Bipolar Disorder, Schizophrenia, and Other Applications. Regionally, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is dominating the emerging mental health devices and platforms market, and it will continue this trend over the forecast period 2023-2031. This can be due to the high prevalence of mental disorders, advanced medical technologies, the increasing number of essential payers and products, and awareness about digital healthcare facilities for mental health. On the other hand, Asia-Pacific’s market is also expected to grow faster due to the high prevalence of mental disorders.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 3.9 Bn |
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Revenue forecast in 2034 |
USD 33.4 Bn |
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Growth rate CAGR |
CAGR of 24.0% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Products, Therapies, End-Users, Applications |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
AbleTo, Inc., Calm, Electromedical Products International, Inc., Flow Neuroscience AB, Ginger, Headspace Inc., HAPPIFY HEALTH, Lyra Health, Inc, Monsenso A/S, Neuronetics, Pear, Therapeutics, Inc., Psious, Quartet Health, Talkspace, Teladoc Health, Inc., Woebot Health, Ybrain, INC, Bioself Technology Ltd, INNOVATIVE NEUROLOGICAL DEVICES, Lief Therapeutics, NeuroSigma, Inc, Sentio Solutions Inc |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Emerging Mental Health Devices And Platforms Market Snapshot
Chapter 4. Global Emerging Mental Health Devices And Platforms Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Products Estimates & Trend Analysis
5.1. by Products & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Products:
5.2.1. Platforms
5.2.2. Devices
Chapter 6. Market Segmentation 2: by Therapy Estimates & Trend Analysis
6.1. by Therapy & Market Share, 2021 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Therapy:
6.2.1. Cognitive Behavior Therapy (CBT)
6.2.2. Electrotherapy
6.2.3. Other Therapy
Chapter 7. Market Segmentation 3: by End-Users Estimates & Trend Analysis
7.1. by End-Users & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-Users:
7.2.1. Patients
7.2.2. Providers
7.2.3. Employers
7.2.4. Other End-Users
Chapter 8. Market Segmentation 4: by Applications Estimates & Trend Analysis
8.1. by Applications & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Applications:
8.2.1. Stress
8.2.2. Anxiety
8.2.3. Depression
8.2.4. Bipolar Disorder
8.2.5. Schizophrenia
8.2.6. Other Applications
Chapter 9. Emerging Mental Health Devices And Platforms Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Products, 2021-2034
9.1.2. North America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Therapy, 2021-2034
9.1.3. North America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by End-Users, 2021-2034
9.1.4. North America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2021-2034
9.1.5. North America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Products, 2021-2034
9.2.2. Europe Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Therapy, 2021-2034
9.2.3. Europe Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by End-Users, 2021-2034
9.2.4. Europe Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2021-2034
9.2.5. Europe Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Products, 2021-2034
9.3.2. Asia Pacific Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Therapy, 2021-2034
9.3.3. Asia-Pacific Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by End-Users, 2021-2034
9.3.4. Asia-Pacific Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2021-2034
9.3.5. Asia Pacific Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Products, 2021-2034
9.4.2. Latin America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Therapy, 2021-2034
9.4.3. Latin America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by End-Users, 2021-2034
9.4.4. Latin America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2021-2034
9.4.5. Latin America Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Products, 2021-2034
9.5.2. Middle East & Africa Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Therapy, 2021-2034
9.5.3. Middle East & Africa Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by End-Users, 2021-2034
9.5.4. Middle East & Africa Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2021-2034
9.5.5. Middle East & Africa Emerging Mental Health Devices And Platforms Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. AbleTo, Inc.
10.2.2. Calm
10.2.3. Electromedical Products International, Inc.
10.2.4. Flow Neuroscience AB
10.2.5. Ginger
10.2.6. Happify Health
10.2.7. Headspace Inc.
10.2.8. Lyra Health, Inc.
10.2.9. Monsenso A/S
10.2.10. Neuronetics
10.2.11. Pear Therapeutics, Inc.
10.2.12. Psious
10.2.13. Quartet Health
10.2.14. Talkspace
10.2.15. Teladoc Health, Inc.
10.2.16. Woebot Health
10.2.17. Ybrain, Inc.
10.2.18. Other Prominent Players
Emerging Mental Health Devices And Platforms Market by Products
Emerging Mental Health Devices And Platforms Market by Therapy
Emerging Mental Health Devices And Platforms Market by End-Users
Emerging Mental Health Devices And Platforms Market by Applications
Emerging Mental Health Devices And Platforms Market by Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
