Mental health market to grow at a CAGR of 9.06% from 2021 to 2026, Growing prevalence of mental health disorders to boost the market | Analysis report on US Bank failure Crises - Technavio

NEW YORK, March 17, 2023 /PRNewswire/ -- The global mental health market size is estimated to grow by USD 201.41 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 9.06% during the forecast period. Moreover, the growth momentum will accelerate. The growing prevalence of mental health disorders is driving the mental health market growth. For instance, according to a study conducted by the Lancet journal, approximately 75.2 million people across the world were dealing with anxiety disorders in 2020. This will drive the growth of the market during the forecast period. The emergence of virtual services is a key trend in the market. Telepsychiatry or tele-mental health services refer to the use of telecommunications or videoconferencing for remote delivery of psychological support and services or psychiatric assessment and care. These services improve access to mental health care. Therefore, established vendors have expanded their offerings to provide tele-mental health services. Take action now and gain valuable insights into the impact of the US crisis with our comprehensive analysis report - Request a sample report

Mental health market - Segmentation assessment
Segment overview
Technavio has segmented the market based on service (emergency mental health services, outpatient counseling, and inpatient hospital treatment services). 

• The emergency mental health services segment will account for a significant share of the market growth during the forecast period. Psychological emergencies require immediate attention from healthcare providers. Many vendors provide a list of local sources on their websites, which can be contacted during emergencies. Patients with such emergencies can choose to speak to a nurse over the phone. They can be referred to a liaison psychiatry service or local crisis resolution and home treatment team (CRHT). This, in turn, will drive the growth of the segment during the forecast period. Various countries have launched national helplines for citizens who need psychological counseling. The launch of such helplines is expected to have a positive impact on the market.

Geography overview
Based on geography, the global mental health market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global mental health market.

• North America will account for 39% of the market's growth during the forecast period. The US is a key country for the mental health market in the region. However, North America will grow at a slower rate when compared to Europe and Asia. The increasing awareness about the importance of mental health and the growth in substance abuse will drive the mental health market growth in North America during the forecast period. The growing prevalence of mental health disorders across the region is driving the growth of the market. For instance, according to the Anxiety and Depression Association of America (ADAA) in 2020, anxiety disorders affect 40 million people aged 18 years and above annually in the US. These factors will augment the growth of the regional market during the forecast period.

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Mental health market – Major challenges hindering the market growth

• Government regulations are challenging the mental health market growth.
• Vendors have to adhere to numerous laws, regulations, and rules, including licensure and accreditation standards and reimbursement for patient services.
• If mental health counseling and treatment service providers violate regulations, they can be excluded from government healthcare programs.
• Violations of privacy and security regulations can also lead to high penalties.
• Thus, the prevalence of numerous stringent government regulations can hinder the growth of the global mental health market during the forecast period.

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What are the key data covered in this mental health market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the mental health market between 2022 and 2026
• Precise estimation of the size of the mental health market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the mental health market industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Mental Health Market vendors

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• Analyzes competitor's offerings
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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service

• 5.1 Market segments 
• Exhibit 24: Chart on Service - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Service - Market share 2021-2026 (%)

• 5.2 Comparison by Service 
• Exhibit 26: Chart on Comparison by Service
• Exhibit 27: Data Table on Comparison by Service

• 5.3 Emergency mental health services - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Emergency mental health services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Emergency mental health services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Emergency mental health services - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Emergency mental health services - Year-over-year growth 2021-2026 (%)

• 5.4 Outpatient counselling - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Outpatient counselling - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Outpatient counselling - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Outpatient counselling - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Outpatient counselling - Year-over-year growth 2021-2026 (%)

• 5.5 Inpatient hospital treatment services - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Inpatient hospital treatment services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Inpatient hospital treatment services - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Inpatient hospital treatment services - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Inpatient hospital treatment services - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Service 
• Exhibit 40: Market opportunity by Service ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Sweden - Market size and forecast 2021-2026
• Exhibit 66: Chart on Sweden - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Sweden - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Sweden - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Sweden - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Acadia Healthcare Co. Inc. 
• Exhibit 89: Acadia Healthcare Co. Inc. - Overview
• Exhibit 90: Acadia Healthcare Co. Inc. - Business segments
• Exhibit 91: Acadia Healthcare Co. Inc. - Key news
• Exhibit 92: Acadia Healthcare Co. Inc. - Key offerings
• Exhibit 93: Acadia Healthcare Co. Inc. - Segment focus

• 10.4 Ascension 
• Exhibit 94: Ascension - Overview
• Exhibit 95: Ascension - Product / Service
• Exhibit 96: Ascension - Key offerings

• 10.5 Behavioral Health Network Inc. 
• Exhibit 97: Behavioral Health Network Inc. - Overview
• Exhibit 98: Behavioral Health Network Inc. - Product / Service
• Exhibit 99: Behavioral Health Network Inc. - Key offerings

• 10.6 CareTech Holdings Plc 
• Exhibit 100: CareTech Holdings Plc - Overview
• Exhibit 101: CareTech Holdings Plc - Business segments
• Exhibit 102: CareTech Holdings Plc - Key offerings
• Exhibit 103: CareTech Holdings Plc - Segment focus

• 10.7 North Range Behavioral Health 
• Exhibit 104: North Range Behavioral Health - Overview
• Exhibit 105: North Range Behavioral Health - Product / Service
• Exhibit 106: North Range Behavioral Health - Key offerings

• 10.8 Promises Behavioral Health 
• Exhibit 107: Promises Behavioral Health - Overview
• Exhibit 108: Promises Behavioral Health - Product / Service
• Exhibit 109: Promises Behavioral Health - Key offerings

• 10.9 Pyramid Healthcare Inc. 
• Exhibit 110: Pyramid Healthcare Inc. - Overview
• Exhibit 111: Pyramid Healthcare Inc. - Product / Service
• Exhibit 112: Pyramid Healthcare Inc. - Key offerings

• 10.10 REM Minnesota 
• Exhibit 113: REM Minnesota - Overview
• Exhibit 114: REM Minnesota - Product / Service
• Exhibit 115: REM Minnesota - Key offerings

• 10.11 Strategic Behavioral Health 
• Exhibit 116: Strategic Behavioral Health - Overview
• Exhibit 117: Strategic Behavioral Health - Product / Service
• Exhibit 118: Strategic Behavioral Health - Key offerings

• 10.12 Universal Health Services Inc. 
• Exhibit 119: Universal Health Services Inc. - Overview
• Exhibit 120: Universal Health Services Inc. - Business segments
• Exhibit 121: Universal Health Services Inc. - Key news
• Exhibit 122: Universal Health Services Inc. - Key offerings
• Exhibit 123: Universal Health Services Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 11.5 List of abbreviations 
• Exhibit 130: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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