The article cited AMA's Global Digital Mental Health Market Study explored substantial growth with CAGR of %. According the report, Influencers are raising mental health awareness.. is one of the primary growth factors for the market. Increasing prevalence of mental disorders
is also expected to contribute significantly to the Digital Mental Health market. Overall, applications of Digital Mental Health, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Akili Interactive Labs, Inc. (United States), Big Health Limited (United Kingdom), Calm.com, Inc. (United States), Teva Pharmaceutical Industries Ltd. (Israel), Woebot Labs B.V. (Netherland), Headspace Health, Inc. (United States), Ada Health GmbH (Germany), Meditopia Hizmetleri Ticaret (Turkey), Calm Clinic Limited (United Kingdom) and Talkspace (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The End Users, such as Hospitals, is boosting the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Age Group, such as Children, is boosting the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Disorder Type, such as Anxiety & Depression Disorder, is boosting the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Digital Mental Health market identified that the demand is rising in many different parts of the world as "Advancement of Technologies such as artificial intelligence, virtual reality, augmented reality, etc
". Furthermore, some recent industry insights like "In October 2023, Mendel.ai, launched Hypercube, an AI-powered platform that integrates structured and unstructured text data, democratizes analytics, and allows a user to ask questions in free text and receive outcomes from specific patient data." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of clear regulations and quality standards"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Digital Mental Health market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Digital Mental Health market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Digital Mental Health market tight? Which application/end-user category or Product Type [Telehealth & Teletherapy, Tracking & Self-Help Apps, Meditation Apps and Digital Therapeutics] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Mental Health market and other related sub-markets covered in the study.
o Key & emerging players in the Digital Mental Health market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Digital Mental Health market size is calculated using market estimation process, the Digital Mental Health market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Mental Health market size has been validated using both top-down and bottom-up approaches.