The Global Mental Health Apps market is witnessing an astronomical growth owing to the factors such as growing awareness among people regarding the importance of mental health, launch of numerous mental wellness app and surging number of smartphone users around the world. The rising mental health issue globally is surging the demand for mental health app in the coming years. Around 792 million people are affected by mental health issues worldwide. Moreover, introduction of campaign to raise awareness regarding mental health, burgeoning use of connected devices along with snowballing funding in wearable tech startups are placing a positive impact towards the growth of the market in the forecasted period. According to
According to MarkNtel Advisors’ research report “Global Mental Health Apps Market Analysis, 2020”, the Global Mental Health Apps market is anticipated to grow at a CAGR of around 31% during 2020-25. Based on Operating System, Android app acquired the majority market share in the Global mental health app market in 2019. The rising adoption of android platforms in the emerging countries, surging number of android users worldwide and availability of mental health apps Android app stores are augmenting the growth of the market. According to StatCounter, there are 3 billion active android users worldwide. Besides this, Android grabbed 75.85% market share in worldwide mobile operating system market in 2019.
“Global Mental Health Apps Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Mental Health Apps providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Acquired the Majority Market Share
North America acquired the majority market share in Global Mental Health Apps market in 2019. US dominated the North America market in 2019. The growth is attributed to surging use of connected devices such as smart watches and screens which is becoming new norm for monitoring mental health and well-being, rising awareness regarding mental health issue and burgeoning adoption of mental health apps. It is estimated that half of adults 46.4% will experience a mental illness during their lifetime in the United States. Moreover, the escalating number of smartphone user and surge in the adoption of technological solutions for the management of clinical, administrative of mental health care practices is augmenting the growth of the mental health apps market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Mental Health Apps Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Mental Health Apps market are 7 Cups, Addicaid, Calm, NOCD, Recovery Record, Sanvello, Happify Inc., Headspace, Mayo Foundation, Mindshift Interactive, MY3, Silvercloud Health etc.
Key questions answered in the study: