What is the Size of Global Mental Wellness Industry?
Global Mental Wellness market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Mental Wellness Market is largely driven by increasing prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours. The mental wellness market will develop as a result of more government initiatives and rules supporting mental health, more social media influence, and growing public awareness of the value of mental health.
With bringing about a new era of specialized education and solutions that cater to each individualized well-being through AI, mental wellness has undergone a major shift. Without using a lot of resources, using AI helps increase people’s well-being. It can also aid in avoiding several health obstacles by inciting behavioral change after studying personality traits and behaviors.
Furthermore, the COVID-19 pandemic and strict regulations imposed by various governments have affected people’s pre-existing mental health symptoms and led to relapses everywhere, which is boosting the market’s growth along with the rising demand for hospital services brought on by the rising number of patients who require mental health solutions to improve self-care.
Global Mental Wellness Market by disorder
The Global 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 Others.
The Depression segment dominated the market in 2022 since depression is a key factor in the overall global burden of disease and a primary cause of disability worldwide. According to the World Health Organization (WHO) in September 2021 that an estimated 280 million individuals around the world suffer from depression, which affects 3.8% of the population overall, including 5.0% of adults and 5.7% of those over the age of 60.
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Global Mental Wellness Market by type
The Global Mental Wellness Market is segmented by Type into Senses Spaces & Sleep, Brain Boosting Nutraceuticals & Botanicals, Self-Improvement and Meditation and Mindfulness. The Senses Spaces & Sleep segment accounted for the highest market share in 2022 as it includes services, items, and designs that emphasize the senses and the mind-body link, raising awareness of how strongly environmental stimuli affect a person’s stress levels, mood, and sleep. The vast majority of sleep- and sleep-environment-optimizing solutions are focused on improving sleep, including accessories, smart beds, wearables, monitors, apps, sleep retreats, and nap cafés.
Key Topics Covered in the Report: –
Snapshot of Mental Wellness Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Mental Wellness Market
Historic Growth of the Overall Mental Wellness Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Mental Wellness Market Industry
Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Mental Wellness Market
Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments
Market Size of Segments with Historical CAGR and Future Forecasts
Analysis of the Mental Wellness Market in Global Regions
Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region
Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within the Region
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Notable Key Players Mentioned in the Report
Behavioral Health Network, Inc.
Promises Behavioral Health
Pyramid Healthcare Inc.
Universal Health Services
Notable Emerging Companies Mentioned in the Report
Key Target Audience – Organizations and Entities Who Can be benefited by Subscribing This Report
Manufacturers and Suppliers of Brain Health Supplements
Consultants for Brain Health Supplements
Distributors of Supplements for Brain Health
Brain Health Supplements Companies
Mental Wellness Service Providers
Wellness Solutions Companies
Wellness Products Nutritional Supplement Industries
Wellness Product Manufacturers and Raw Material Suppliers
Suppliers of Raw Materials for Nutritional Supplements
Health Supplements Organizations, Forums, Alliances, and Associations
Mental Wellness Research Organizations, and Consulting Companies
Health Regulatory Organizations and Government Agencies
Government Ministries and Departments of Healthcare
PE and VC Firms focused on Wellness Industry
Startups and Potential Entrants into Wellness Industry
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
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