Meticulous Research®, a premier global market research firm, has released a detailed report titled ‘Mental Health Apps Market Size, Share, Forecast, & Trends Analysis By Platform (Android, iOS), Application (Depression, Anxiety, CBT, DBT, Meditation, Stress), Patient (Adult, Children, Geriatric) End User (Home, Clinic, Hospital) - Global Forecast to 2031.
The report forecasts that the Mental Health Apps Market will grow to $2.85 billion by 2031, with a robust compound annual growth rate (CAGR) of 19.3% from 2024 to 2031. This significant growth is driven by the rising incidence of mental health disorders, increasing internet access, greater smartphone penetration, a shortage of mental health professionals, and enhanced awareness of mental health issues.
Market segmentation includes Android, iOS, and other platforms. The Android segment is anticipated to lead in 2024, capturing 64.0% of the market share. This dominance is due to Android’s larger global user base, quicker app approval on the Google Play Store, and more affordable subscription rates for Android apps.
The report also covers major geographic regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share in 2024, with the U.S. leading due to its high adoption rates of mental health apps, prevalent mental health issues, and increased awareness and utilization of digital health technologies.
Key Players
The key players operating in the mental health apps market are Talkspace, Inc. (U.S.), BetterHelp (U.S.), Headspace Inc. (U.S.), Sanvello Health, Inc. (U.S.), ReachOut Australia (Australia), Calm.com, Inc. (U.S.), Twill Inc. (U.S.), Worry Watch (U.S.), Jade Lizard Software LLC (U.S.), Insight Network Inc. (U.S.), Aura Health (U.S.), MoodMission Pty Ltd (Australia), and Youper Inc. (U.S.).
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Key questions answered in the report-
• What is the current revenue generated by mental health apps across the globe?
• At what rate is the global demand for mental health apps projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for mental health apps across the globe?
• What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing market players and new entrants in the market?
• Which are the high-growth segments in terms of platform, application, patient type, and end user?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the vendors operating in the mental health apps market?
• Who are the major players in the mental health apps market? What are their offerings?
• What are the recent developments from market players in the mental health apps market, and what are the impacts of these developments on the market?
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