Mental Wellness Market Size, Share, Latest Trend, Top Companies

Mental Wellness Market Size, Share, Latest Trend, Top Companies

The mental wellness market will reach USD 226.1 billion, propelling at a 6.2% compound annual growth rate, by 2030.

The growth of the industry is credited to the surging usage of smartphones, increasing incidence of health problems affecting mental health, and enhancements in network coverage.

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The depression category, based on disorder, held the largest share of the industry in recent years, and it will remain the largest, advancing at a rate of approximately 6.9%, to touch USD 66.2 billion, by the end of this decade. This can be because of the mounting number of incidences of suicide, depression, and anxiety, which has elevated the worries regarding mental well-being all across the globe.

In the past few years, the senses, spaces, & sleep category, based on type, accounted for the largest mental wellness market share, and it is likely to advance significantly at 6.5% compound annual growth rate, in the years to come. This category comprises the products, designs, and services that highlight the mind-body and the senses link, raising consciousness on the fact that environmental stimuli have a significant influence on an individual’s mood, sleep, and stress.

The APAC mental wellness industry is expected to advance at a substantial rate in the years to come. The improvements in healthcare infrastructure, increasing number of hospitals equipped with advanced medical equipment, and enhancement in health awareness in the region have led to a surge in the count of individuals getting diagnosed with and treated for mental illnesses.

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With the mounting prevalence of mental illnesses, growing consciousness regarding mental well-being, and the surging elderly population, the mental wellness industry will continue to advance significantly in the years to come.

Market Size Breakdown by Segment

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
• Adult
• Geriatric
• Teenager

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Regional Analysis
• North America Mental Wellness Market
o By disorder
o By type
o By age group
o By country – U.S. and Canada
• Europe Mental Wellness Market
o By disorder
o By type
o By age group
o By country – Germany, France, U.K., Spain, Italy, and Rest of Europe
• Asia-Pacific (APAC) Mental Wellness Market
o By disorder
o By type
o By age group
o By country – China, Japan, India, Australia, South Korea, and Rest of APAC
• Latin America (LATAM) Mental Wellness Market
o By disorder
o By type
o By age group
o By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Mental Wellness Market
o By disorder
o By type
o By age group
o By country – South Africa, Saudi Arabia and Rest of MEA

Contact:
Chandra Mohan
AVP – Business Development
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com
Blog: https://healthcarefuturetrends.blogspot.com

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This release was published on openPR.

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