Digital Mental Health Market Research Report—Global Forecast till 2030

Digital Mental Health Market Research Report: Information by Component (Software and Services), by Disorder Type (Anxiety Disorder, Bipolar Disorders, Eating Disorder, Post-traumatic Stress Disorder (PSTD), Substance Abuse Disorder, and Others), by Age Group (Children & Adolescents, Adult, and Geriatric), End User (Patients, Payers, and Providers) and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030

ID: MRFR/HC/9543-HCR | November 2022 | Region: Global | 120 Pages         

Digital Mental Health Market

Digital Mental Health Market is expected to grow USD 69.44 billion at a CAGR 20.3% during the forecast period 2022-2030.

Segmentation

By Component Software and Services
By Disorder Type Anxiety Disorder Bipolar Disorders Eating Disorder Post-traumatic Stress Disorder (PSTD) Substance Abuse Disorder and Others
By Age Group Children & Adolescents Adult and Geriatric
By End User Patients Payers and Providers

Key Players

  • The MENTOR Network (US)
  • Brightline (US)
  • Talkspace (US)
  • CloudMD (Canada)
  • Universal Health Services Inc (US)
  • DarioHealth Corp (US)
  • CareTech Holdings PLC (UK)
  • Ascension Seton (US)
  • North Range Behavioral Health (US)
  • Promises Behavioral Health (US)

Drivers

  • Increasing prevalence of mental disorders
  • High demand of software among healthcare providers
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Digital Mental Health Market Forecast


The digital mental health market size is projected to be worth USD 69.44 billion by 2030 at 20.3% CAGR during the forecast period 2022 - 2030


Digital health technology systems are used in the field of mental health to provide therapeutic, preventative, and supportive solutions. It is a beneficial tool as it provides an individual with the option to engage in a therapeutic approach digitally. Digital mental health tools make mental-health support more accessible and lower the threshold for starting to deal with mental health challenges. Moreover, the market has been growing owing to factors such as the increasing prevalence of mental disorders and high demand of digitalization among healthcare providers. In addition, the market is expected to present lucrative opportunities owing to development of strategic alliances to provide affordable care. However, the growth of the market has been impeded due to a lagging infrastructure and skill base.


COVID-19 Analysis


The COVID-19 pandemic has surged the global disease burden, accounting for significant mortalities. The pandemic also impacted the global economy, disrupting the healthcare sector and causing financial adversity. Exponential growth in the patient influx and increasing hospital admissions have put a huge strain on healthcare facilities as well as on medical professionals. In addition, the COVID-19 pandemic has also led to an increased incidence of depression and anxiety. According to the COVID-19 Mental Disorders Collaborators, throughout 2020, the pandemic led to a 27.6% increase in cases of major depressive disorders and a 25.6% increase in cases of anxiety disorders globally. Moreover, increasing awareness of mental health is also resulting in a surge in the use of digital mental health tools during the pandemic. These factors supported the growth of the global digital mental health market during the COVID-19 pandemic.


Digital Mental Health Market Dynamics


Drivers


  • Increasing prevalence of mental disorders

    • The rising incidence of mental disorders across the globe is among the significant factors propelling market growth. According to the World Health Organization (WHO), in 2019, 1 in 8 people were living with a mental disorder. Moreover, in 2019, according to Global Burden of Diseases analyses, depression was the second-leading cause of disability globally, and anxiety disorders ranked eighth, which is the main cause of anxiety distress. Therefore, the rising prevalence will increase the demand for digital mental health tools, further fueling the digital mental health market growth.



  • High demand of software among healthcare providers


Market Opportunities


  • Development of strategic alliances to provide affordable care

    • The need for digital mental health tools has been continuously increasing, but some countries in developing regions are unable to afford them. The companies are forming strategic alliances in order to provide affordable services creating lucrative growth opportunities for the market. For instance, in November 2021, Promises Brazos Valley (US) recapitalized with Assured Healthcare Partners (US) to provide affordable mental health services in order to fulfil the expanding needs of customers. Such collaborations among market players to provide novel and affordable products are expected to further provide market growth opportunities.




Market Restraints


  • Lagging infrastructure and skill base

    • There is a significant gap due to the inadequate digital mental health tool infrastructure in developing countries. This is boosted by a lack of awareness which leads to lower demand for digital mental health tools. Furthermore, the lack of a skilled workforce to operate digital mental health tools stifles market growth.




Value Chain Analysis


  • The global digital mental health market is expected to see significant growth over the forecast period due to the rising prevalence of mental health disorders and strategic alliances in order to provide affordable mental health services. The value chain market analysis of the digital mental health comprises four major components starting from customer acquisition, service customization, customer purchase support, and customer fulfillment & post-purchase support.  


Digital Mental Health Market Segment Overview

By Component


  • Software

    • The cloud-based and web-based software that is highly used in digital mental health and provides incredible services that fulfil the demands of patients. Cloud-based software provides services to assist healthcare organizations in the real-time sharing and integration of information from disparate locations or systems. Web-based software services also provide interoperability, which makes it easier to promote patient access to healthcare information and services. In today's world, web-based software is becoming increasingly popular owing to its consistency in providing information with improved efficiency, convenience, and affordability. Moreover, mental health services can be accessed through intuitive apps designed to streamline mental health. These are the basic and important tools that provide services digitally to help manage mental health concerns and treatments.



  • Services

    • Digital mental health services have been prepared based on psychological treatments. The psychological treatment services include cognitive-behavioral therapy (CBT), acceptance and commitment therapy (ACT), and psychodynamic therapy (PDT). The services' format includes internet-based CBT (iCBT), internet-based ACT (iACT), and internet-based PDT (iPDT). Moreover, as per the research, CBT delivered through the telephone (T-CBT) is more effective than face-to-face therapy.




By Disorder Type


  • Anxiety Disorder

    • There are four types of anxiety disorders: generalized anxiety disorder, panic disorder, social anxiety disorder, and various phobia-related disorders. In 2019, according to Global Burden of Diseases analyses, depression was the second-leading cause of disability globally, and anxiety disorders ranked eighth, which is the main cause of anxiety distress. The service mostly used to evaluate and treat the anxiety disorder is digitally delivered cognitive behavioral therapy (CBT).



  • Bipolar Disorders

    • There are several types of bipolar disorder (BD), including bipolar I disorder, bipolar II disorder, cyclothymic disorder, and unspecified. This is also influenced by partly inherited (approximately 60%) chemical imbalances in the brain and environmental factors such as drug and alcohol use, sleep disruption, and stress. There are self-evaluating tools used to evaluate bipolar disorder, including the Altman Self-Rating Mania Scale (ASRM) and the Patient Health Questionnaire (PHQ-8) which can be provided digitally. Moreover, digital phenotyping and biomarkers are preferred to diagnose, quickly identify, evaluate clinical response, longitudinally monitor, and achieve remission from psychotropic drugs.



  • Eating Disorder

    • The eating disorder is one of the more severe mental health disorders. The eating disorder has been classified based on different types of behavior. It includes anorexia, nervosa, and binge eating. There are several mobile phone applications available for the self-monitoring, including the CBT and ACT. This therapy helps patients with disordered eating through self-monitoring and assists in understanding the interactions between thoughts, feelings, and behaviors.



  • Post-traumatic Stress Disorder (PSTD)

    • There are several factors that influence the development of PTSD, including serious accidents, physical or sexual assault, abuse, including childhood or domestic abuse, and exposure to traumatic events at work. Mental health therapies have been found effective in several studies for PTSD. For instance, there are several types of CBT used to treat PTSD, including cognitive processing therapy, prolonged exposure therapy, stress inoculation therapy, and group therapy. Moreover, several virtual reality programs available that also provide treatment and diagnosis for PTSD.



  • Substance Abuse Disorder

    • Substance abuse disorders include drug addiction, which affects the brain and behavior. It negatively affects emotional and behavioral patterns from the inception of the family. These substance abuse disorders further lead to other mental health conditions, including depression, anxiety disorders, and schizophrenia. As per the study, technological tools such as virtual reality (VR) and augmented reality (AR) were both found effective for the assessment and treatment of substance abuse disorder.



  • Others

    • Others include psychotic disorders, personality disorders, seasonal affective disorders (SAD). Psychotic disorders, also referred to as psychosis, have many types, including schizophrenia, schizoaffective disorder, schizophreniform disorder, and others.




By Age Group


  • Children & Adolescents

    • Childhood and adolescence are both important phases of life for mental health development. There are mental health conditions mostly found in childhood and adolescence, including developmental disabilities, childhood epilepsy, depression, anxiety, and behavioral disorders. Moreover, in November 2021, as per the World Health Organization, one in seven people aged 10–19 experienced a mental disorder, accounting for 13% of the global burden of disease. Digital mental health tools include social media, mobile health (mHealth), wearable digital devices, and games for health to manage mental health problems among children and adolescents.



  • Adult

    • The most common mental health problems found in adults are depression, anxiety, schizophrenia, and substance use disorders. These diseases primarily affect cognition, behavioral control, and emotion. In October 2022, as per the National Council for Mental Wellbeing, one in five American adults experienced a mental health disorder. There has been a surge in teletherapy use among adults since the COVID-19 pandemic hit. The digital mental health tools mostly preferred for adults are online therapy and counselling, diagnosis and self-help apps, online group support sessions, and meditation apps. Hence, the rising prevalence and surge in the use of teletherapy are fueling the segment's growth.



  • Geriatric

    • Mental health among older people is the most common disease due to loneliness. As per the Pan American Health Organization, one in four older adults’ experiences mental disorders such as depression, anxiety, and dementia. Depression is the most common health problem among elder patients and is expected to double by 2030 with the increasing geriatric population. Hence, the rising geriatric population, creating lucrative opportunities for the digital mental health market growth.




By End User


  • Patients

    • Patients can communicate with healthcare providers via phone or video using digital mental health tools such as mobile and laptops. It became more popular and practical throughout the world during the COVID-19 pandemic. Insurance reimbursement policy changes, technological advances, and accessibility have aided in the global acceptance of digital mental health solutions among patients.



  • Payers

    • Payers are companies that set service fees, collect money, manage claims, and pay providers' claims in the healthcare industry. Digital mental health provides numerous advantages to payers, including higher quality scores, increased utilization, lower costs, and increased member satisfaction and loyalty.



  • Providers

    • Digital mental health also benefits health care practitioners, doctors, and hospital personnel. It enables health care providers to improve care continuity, provide video or phone appointments, extend access to care beyond normal business hours, reduce patient and provider travel burden, and assist patients with chronic mental health conditions during emergency.




North America


  • The rising technological advancements, rising awareness regards to digital mental health, and increasing incidences of mental health are fueling the regions market growth.

    • The US and Canada form the North America region, which is attributed to the major digital mental health market share in 2021 during the forecast period. There are factors fueling market growth, including increasing advancements in digital mental health tools, and growing digital mental health awareness. Moreover, the rising prevalence of mental illness is increasing the demand for digital mental health tools in the region. As per Mental Health America, in 2019 to 2020 approximately 50 million people experienced mental health issues in the US. Moreover, one in ten youth in the US has experienced depression, impairing their ability to function at school or work, at home with family, or in their social life. Hence, the rising incidences of digital mental health are creating lucrative market growth opportunities, further propelling the market.




Digital Mental Health Market Competitive Landscape


  • The industry players are adopting business strategies to increase their market presence. They are using the advanced technology to gather the information of the patient and to start the research. In addition, the market players are adopting several strategic initiatives such as new product launches, contractual agreements, mergers, and acquisitions, increasing investments, and partnering with other players to expand their global footprint.

  • The Mentor Network (US) is one of the key player in digital mental health market, founded in 1980. It specializes in foster care, intellectual and developmental disabilities, brain injury rehabilitation, community-based care, supported living, and adult day health. In May 2021, the company acquired South Bay Community Services (US) in order to expand Mentor's early childhood services and substance abuse mental health services.


List of companies covered in this report:


  • The MENTOR Network (US)

  • Brightline (US)

  • Talkspace (US)

  • CloudMD (Canada)

  • Universal Health Services, Inc. (US)

  • DarioHealth Corp. (US)

  • CareTech Holdings PLC (UK)

  • Ascension Seton (US)

  • North Range Behavioral Health (US)

  • Promises Behavioral Health (US)


Digital Mental Health Market Recent Developments


  • In May 2022, Brightline (US) raised USD 105 million in Series C funding to expand mental health services. This investment has been used to provide high-quality and affordable digital mental care.

  • In April 2022, Talkspace (US) launched a Talkspace suite product to build emotional intelligence (EQ) and mental wellness in and out of the workplace.

  • In July 2022, CloudMD (Canada) acquired MindBeacon Holdings Inc. (Canada), one of the most comprehensive integrated health offerings. This acquisition is expanding the presence of CloudMDs across North America in order to serve digital mental health services.


Report Overview


  • The study covers the existing short-term and long-term market effects. It helps decision-makers draught short- and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the rest of the world. The report analyses market drivers, restraints, opportunities, challenges, Porter's five forces, the value chain, and the impact of COVID-19 on the market.


Study Objectives


  • To supply a detailed analysis of the market structure and forecast for the next eight years of the various segments of the digital mental health market.

  • To supply insights about factors affecting the market growth

  • To analyze the digital mental health market based on various factors-price analysis, supply chain analysis, Porter's five force analysis, etc.

  • To provide historical and forecast revenues of the market segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, and the Rest of the World

  • To provide country-level analysis of the market with respect to the current market size and future prospective

  • To supply country-level analysis of the market for segments by service type and disorder type

  • To provide strategic profiling of key players in the market, comprehensively analyze their core competencies, and draw a competitive market landscape

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and R&D in the digital mental health market.


Market Segmentation:

Global Digital Mental Health Market, By Component


  • Software

  • Services


Global Digital Mental Health Market, By Disorder Type


  • Anxiety Disorders

  • Bipolar Disorder

  • Eating Disorders

  • Post-traumatic Stress Disorder (PSTD)

  • Substance Abuse Disorder

  • Others


Global Digital Mental Health Market, By Age Group


  • Children & Adolescents

  • Adult

  • Geriatric


Global Digital Mental Health Market, By End User


  • Patients

  • Payers

  • Providers


Global Preparative and Process Chromatography Market, By Region


  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America




Intended Audience



  • Digital Mental Health Solutions Providers

  • Research and Development (R&D) Companies

  • Government & Independent Research Laboratories

  • Government and Independent Regulatory Authorities

  • Market Research and Consulting Service Providers

  • Academic Institutes and Universities



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 69.44 Billion
  CAGR   20.3%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2018 to 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Disorder Type, Age Group, and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World
  Key Vendors   The MENTOR Network (US), Brightline (US), Talkspace (US), CloudMD (Canada), Universal Health Services, Inc. (US), DarioHealth Corp. (US), CareTech Holdings PLC (UK), Ascension Seton (US), North Range Behavioral Health (US), Promises Behavioral Health (US)
  Key Market Opportunities   â€¢ Development of strategic alliances to provide affordable care
  Key Market Drivers   â€¢ Increasing prevalence of mental disorders • High demand of software among healthcare providers


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Frequently Asked Questions (FAQ) :

The digital mental health market size is anticipated to reach USD 69.44 billion by 2030 at 20.3% CAGR during the forecast period 2022 - 2030

MENTOR Network (US), Brightline (US), Talkspace (US), CloudMD (Canada), Universal Health Services, Inc. (US), DarioHealth Corp. (US), CareTech Holdings PLC (UK), Ascension Seton (US), North Range Behavioral Health (US), Promises Behavioral Health (US) are the key players in the market of
digital mental health

North America holds the largest share in the global market of digital mental health

Increasing prevalence of mental disorders and High demand of software among healthcare providers are the key factors driving the market of Digital Mental Health

Lagging infrastructure and skill base may limit the market growth of digital mental health