Astute Analytica publishes a research report on the Global Mental Health Market. The analysis report contains in-depth data about demand, growth, opportunities, challenges, and restraints. In addition, it provides a thorough examination of the structure and possibility of global and regional industries.
The Global Mental Health Market is anticipated to witness a rise in its revenue from US$ 384.85 Bn in 2021 to US$ 560.33 Bn by 2030. The market is registering a CAGR of 4.43% over the forecast period 2022-2030.
The global market study includes information from key firms on R&D, new product launches, and product responses from global markets. The analysis includes a graphical presentation and a diagrammatic examination of the global market by region.
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People and economies globally rely substantially on the healthcare business. It is one of the fastest-growing industries. There is a correlation between income levels and healthcare spending in different nations, with healthcare spending accounting for more than 10% of most industrialized countries’ GDP.
Impact Analysis of COVID-19
Global COVID-19 cases have climbed above 516 million as of May 2022, and the death toll has exceeded 6.25 million. COVID-19 has disproportionately impacted specific racial and ethnic minority groups, as well as underserved and marginalized communities, highlighting the persistent challenges of health equity and health outcomes.
COVID-19 is causing a great deal of emotional, physical, and professional stress among health care personnel. The changing attitudes and behaviors of consumers, the integration of life sciences and health care, fast-growing digital health technology, new talent, and care delivery models, and clinical innovation advanced by COVID-19.
As sector players and the customers, they serve to adapt to a new world of remote working, virtual doctor visits, and a supply chain plagued by shortages of medical goods, employees, and services, the sector is reforming to become more customer-centric.
The Centers for Medicare and Medicaid Services data calculates that the U.S. national healthcare expenditure reached US$ 4.1 trillion in 2020 and is forecast to surpass US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the U.S. spent nearly 17% of gross domestic product (GDP) on healthcare in 2018. Switzerland was the second-highest-ranking country, spending 12.2%. In addition, New Zealand and Australia dedicate only 9.3%.
By Mental Disorder segment of the Global Mental Health Market is sub-segmented into:
- Mood Disorders
- Anxiety Disorders
- Personality Disorders
- Psychotic Disorders
- Eating Disorders
- Trauma-related Disorders
- Substance Abuse Disorders
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By Treatment Techniques segment of the Global Mental Health Market is sub-segmented into:
- Intervention Counselling
- Individualized Therapy
- Group Therapy
- Family Counselling
- Discharge Planning
- Psychological Intervention
- Cognitive Behavioral Therapy
- Dialectical behavior therapy
- Medication evaluation & therapy
- Trauma Therapy
- Dual diagnosis treatment
By Patient Age Group segment of the Global Mental Health Market is sub-segmented into:
By Region segment of the Global Mental Health Market is sub-segmented into:
- North America
- The U.S.
- Western Europe
- The U.K.
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Rest of South America
- Western Europe
Key Players Insights
The key players in the Global Mental Health Market are Acadia Healthcare, The MENTOR Network, Behavioral Health Network, and Promises Behavioral Health among others.
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