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.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 3.9 Bn |
| Revenue forecast in 2034 | USD 33.4 Bn |
| Growth rate CAGR | CAGR of 24.0% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Products, Therapies, End-Users, Applications |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| 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 |
| 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 |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
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-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.