Global Mental Wellness Market

Report ID : 1330 | Published : 2022-07-19 | Pages: | Format: PDF/EXCEL

The market size of the Global Mental Wellness Market in the year 2021 is valued at 132.71 billion and is predicted to reach 250.64 billion by the year 2031 at an 7.53% CAGR during the projected period.

The enlarged definition of mental wellbeing in the modern-day strives to give people a sense of control over their health and happiness instead of just encouraging good lifestyle choices that may have a positive impact on overall wellness. The most recent investigation being conducted to solve these issues applies CBT to smartphones. Stress also has a negative impact on an employee's capacity to balance their personal and professional lives. During the foreseeable period, mental health treatment programs are expected to be crucial. Worldwide, the prevalence of mental health diseases is currently rising. This is one of the main causes supporting the market's growth, along with a person's lifestyle, usage of illicit substances, past trauma or abuse, and biological variables like genes or brain chemistry. In addition, the coronavirus illness (COVID-19) outbreak and lockdown limitations imposed by governing bodies of various nations have harmed people's pre-existing mental health symptoms and brought on relapses everywhere. This is helping the industry expand, along with the rising need for hospital services brought on by the growing number of patients who need mental health solutions to encourage self-care.

The demand for mental health services may be constrained by a number of issues, such as limited access to mental health providers, a shortage of educated mental health care professionals, poor general community awareness of treatment alternatives, and limitations on primary care services. In spite of the fact that health services relating to people's behavioral patterns have undergone a phenomenal change in recent years, there is a lack of widely funded research and studies in the fields of physical and mental health, which has led to a lack of data that can be correlated for the precise diagnosis of disorders.

Market Segmentation:

The Mental Wellness Market is segmented on the basis of Disorder, Type, and Age Group. Based on Disorder, the market is segmented as Depression, Anxiety, Schizophrenia, Substance Use Disorder, Bipolar Disorder, Alcohol Use Disorder, Post-Traumatic Stress Disorder, Eating Disorder, and Others. Based on Type, the market is segmented as Senses Spaces, Sleep, Brain Boosting Nutraceuticals & Botanicals, Self-Improvement, and Meditation and Mindfulness, Based on Age Group, the market is segmented as Adults, Geriatric, and Teenager.

Based on Disorder, the anxiety segment is accounted as a major contributor to the Mental Wellness Market.

In several nations around the world, anxiety disorders are the most common. This is a result of pressure from work and personal relationships, academic stress, and socioeconomic strain. Additionally, rising living expenses are exacerbating people's concerns. As a result, many are shifting to mental health specialists for the treatment of anxiety disorders. Further, during the forecast period, the market expansion is anticipated to be accelerated by cooperative efforts between pharmaceutical firms, NGOs, mental health organizations, and government programs to raise public awareness. The high success rates of treatments and drugs and the availability of proper reimbursement systems in developed nations are expected to fuel expansion over the projected period.

Based on the product, the mindfulness and meditation segment is accounted as a significant contributor to the Mental Wellness Market.

The fastest growth rate is also anticipated for mindfulness and meditation. A mind-body activity known as meditation has a long history of use for strengthening mental and physical wellbeing, increasing tranquillity and physical relaxation, balancing the mind and body, dealing with illness, and enhancing general health. To improve patients' mental health, the healthcare systems require apps and programs that are incredibly successful. The big market participants are therefore placing a lot of emphasis on app launches and product approvals. The demand for meditation apps has increased as a result of advanced research and development spending and raising public awareness of meditation. The market is expanding as a result of both the increased incidence of mental diseases and their corresponding surge in prevalence.

In the region, the North America Mental Wellness Market holds a significant revenue share.

In terms of revenue, North America dominated the global market for mental wellness. Additionally, it is anticipated to increase at the fastest rate during the projection period. The population has become more involved in mental health initiatives as a result of factors including the increased use of smartphones and tablets in emerging nations. In the US, 88.56 percent of income in 2021 was attributable to the need for mental wellbeing. The market in the area is being driven by several reasons, including an increase in smartphone penetration, advancements in coverage networks, and an increase in the occurrence of health issues that influence mental wellness. As a result of the adoption of supportive federal and state policies, mental health services are expanding at an exceptional rate in the region.

Competitive Landscape

The key players in the Mental Wellness Market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and through partnerships with regional and international companies to expand their product offerings and expand their global market presence. Some of the major key players in the Mental Wellness Market are SkillPath, FranklinCovey, Amare Global, Headspace, CVS Health (Active Health), CuraLinc Healthcare, Fitbit, Wellsource, Vitality, Virgin Pulse, Aduro, HealthCheck360, Lifestart, Castlight, Acadia Healthcare, Calm, Universal Health Services, Behavioral Health Network, Pyramid Healthcare, and Promises Behavioral Health.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Mental Wellness Market Snapshot

Chapter 4. Global Mental Wellness 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 Disorder Estimates & Trend Analysis

5.1. By Disorder & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Disorder:

5.2.1. Depression

5.2.2. Anxiety

5.2.3. Schizophrenia

5.2.4. Substance Use Disorder

5.2.5. Bipolar Disorder

5.2.6. Alcohol Use Disorder

5.2.7. Post-Traumatic Stress Disorder

5.2.8. Eating Disorder

5.2.9. Others

Chapter 6. Market Segmentation 2: By Type Estimates & Trend Analysis

6.1. By Type & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Type:

6.2.1. Senses Spaces, And Sleep

6.2.2. Brain Boosting Nutraceuticals & Botanicals

6.2.3. Self-Improvement

6.2.4. Meditation and Mindfulness

Chapter 7. Market Segmentation 3: By Age Group Estimates & Trend Analysis

7.1. By Age Group & Market Share, 2020 & 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Age Group:

7.2.1. Adults

7.2.2. Geriatric

7.2.3. Teenager

Chapter 8. Mental Wellness Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Mental Wellness Market revenue (US$ Million) estimates and forecasts By Disorder, 2020-2030

8.1.2. North America Mental Wellness Market revenue (US$ Million) estimates and forecasts By Type, 2020-2030

8.1.3. North America Mental Wellness Market revenue (US$ Million) estimates and forecasts by Age Group, 2020-2030

8.1.4. North America Mental Wellness Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

8.2. Europe

8.2.1. Europe Mental Wellness Market revenue (US$ Million) By Disorder, 2020-2030

8.2.2. Europe Mental Wellness Market revenue (US$ Million) By Type, 2020-2030

8.2.3. Europe Mental Wellness Market revenue (US$ Million) estimates and forecasts by Age Group, 2020-2030

8.2.4. Europe Mental Wellness Market revenue (US$ Million) by country, 2020-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Mental Wellness Market revenue (US$ Million) By Disorder, 2020-2030

8.3.2. Asia Pacific Mental Wellness Market revenue (US$ Million) By Type, 2020-2030

8.3.3. Asia Pacific Mental Wellness Market revenue (US$ Million) estimates and forecasts by Age Group, 2020-2030

8.3.4. Asia Pacific Mental Wellness Market revenue (US$ Million) by country, 2020-2030

8.4. Latin America

8.4.1. Latin America Mental Wellness Market revenue (US$ Million) By Disorder, (US$ Million)

8.4.2. Latin America Mental Wellness Market revenue (US$ Million) By Type, (US$ Million)

8.4.3. Latin America Mental Wellness Market revenue (US$ Million) estimates and forecasts by Age Group, 2020-2030

8.4.4. Latin America Mental Wellness Market revenue (US$ Million) by country, 2020-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Mental Wellness Market revenue (US$ Million) By Disorder, (US$ Million)

8.5.2. Middle East & Africa Mental Wellness Market revenue (US$ Million) By Type, (US$ Million)

8.5.3. Middle East & Africa Mental Wellness Market revenue (US$ Million) estimates and forecasts by Age Group, 2020-2030

8.5.4. Middle East & Africa Mental Wellness Market revenue (US$ Million) by country, 2020-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles 

9.2.1. SkillPath

9.2.2. FranklinCovey

9.2.3. Amare Global

9.2.4. Headspace

9.2.5. CVS Health (Active Health)

9.2.6. CuraLinc Healthcare

9.2.7. Fitbit

9.2.8. Wellsource

9.2.9. Vitality

9.2.10. Virgin Pulse

9.2.11. Aduro

9.2.12. HealthCheck360

9.2.13. Lifestart

9.2.14. Castlight

9.2.15. Acadia Healthcare

9.2.16. Calm

9.2.17. Universal Health Services

9.2.18. Behavioral Health Network

9.2.19. Pyramid Healthcare

9.2.20. Promises Behavioral Health

9.2.21. Other Prominent Players

Segmentation of Mental Wellness Market-

By Disorder

  • Depression
  • Anxiety
  • Schizophrenia
  • Substance Use Disorder
  • Bipolar Disorder
  • Alcohol Use Disorder
  • Post-Traumatic Stress Disorder
  • Eating Disorder
  • Others

By Type

  • Senses Spaces, And Sleep
  • Brain Boosting Nutraceuticals & Botanicals
  • Self-Improvement
  • Meditation and Mindfulness

By Age Group

  • Adults
  • Geriatric
  • Teenager

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

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