About Digital Mental Health
Digital mental health, also known as e-mental health or mHealth, encompasses the use of technology to support and improve mental health outcomes. This broad field combines digital tools and interventions with various goals. The digital mental health space was growing rapidly even before the COVID-19 pandemic, but stress and anxiety brought on by the health crisis have accelerated demand for virtual behavioral health services. The most common uses for mHealth apps today are focused on promoting patient self-help and augmenting clinical support via data and physician consultation. Digital solutions have the potential to strengthen the therapeutic alliance and improve clinical outcomes while lowering costs but can come with risks. It is common practice in the field of mental health to employ digital health technology systems for the purposes of providing curative, preventative, and sustaining care. It's helpful because it gives people the choice to take a therapeutic approach in a digital setting. Digital mental health technologies make mental-health help more accessible and lower the threshold for starting to cope with mental health difficulties.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The digital mental health market is poised for significant growth, offering exciting opportunities for innovative players. However, addressing the challenges and staying up to date with evolving trends will be crucial for success in this competitive landscape. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Mental Health market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kry AB (Sweden), MindDoc Health GmbH (Canada), MindStrong (Australia), Babylon Healthcare Services Ltd (United Kingdom) and Mendel.ai (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Mental Health market by Type (Telehealth & Teletherapy, Tracking & Self-Help Apps, Meditation Apps and Digital Therapeutics) and Region.
On the basis of geography, the market of Digital Mental Health has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Children will boost the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disorder Type, the sub-segment i.e. Anxiety & Depression Disorder will boost the Digital Mental Health market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Influencers are raising mental health awareness..
Market Growth Drivers:
Increasing prevalence of mental disorders and Rising demand of software among healthcare providers
Challenges:
Lack of clear regulations and quality standards
Restraints:
Data privacy and security concerns
Opportunities:
Advancement of Technologies such as artificial intelligence, virtual reality, augmented reality, etc and Growing demand for evidence-based mental health tools
Market Leaders and their expansionary development strategies
September 2023: Talkspace partnered with Aetna to offer its online therapy services to Aetna's members. This partnership aimed to expand access to mental health care for people with health insurance. The partnership allowed Aetna members to access Talkspace's services for a reduced cost or even free, depending on their insurance plan. This made it easier and more affordable for people to get the mental health care they need.
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.
Key Target Audience
Healthcare Organization, Individuals, Research & Development Institutes, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.