Global Emerging Mental Health Devices & Platforms Market Research Report: Forecast (2021-2026)

Name: Global Emerging Mental Health Devices & Platforms Market Research Report: Forecast (2021-2026)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

By Application (Stress, Anxiety, Depression, Bipolar Disorder, Schizophrenia, Others {Dementia, Autism, etc.}) , By Type (Platforms, Devices, EEG and ECG head band, Wearable Tracke...r, Others {Brain-Sensing Device, etc.}), By Therapy (Cognitive Behavioral Therapy(CBT), Electrotherapy, Others {Interpersonal Therapy, Eye Movement Desensitization and Reprocessing (EMDR), Hypnotherapy, etc.}), By End-User (Clinics & Hospitals, Employers, Patients) By Company (AbleTo Inc., Calm, Electromedical Products International Inc., Flow Neuroscience AB, Ginger, Happify Health, Headspace Inc., Lyra Health Inc., Monsenso A/S, Neuronetics, Pear Therapeutics, Inc., Psious, Quartet Health, Talkspace, Teladoc Health, Inc., Woebot Health, Ybrain Inc., Others) Read more

Healthcare
Oct 2021
Pages 221
Report Format: PDF, Excel, PPT

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WHO defines health as a state of complete physical, mental & social well-being, and not just the absence of disease. Technology-based assessments are gaining popularity as important therapeutic tools to track the mental health of an individual.

The mental health devices & platforms help gather information, assess a person’s activity, and have tremendous potential for growth as the early detection of a person’s mental health is becoming important to save the individual’s life.

The Global Emerging Mental Health Devices & Platforms Market is anticipated to grow at a CAGR of around 23.3% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The burgeoning workload & increasing stress levels at workplaces that encourage the severity of mental illnesses is the most prominent factor contributing to the rising demand for Mental Health Devices & Platforms.

Moreover, the surging demand for teleconsultations in the wake of the COVID-19 pandemic, snowballing investments in the digital mental health landscape, and the accelerated adoption of digital mental health solutions in emerging economies are other critical factors fueling the market growth.

Moreover, an increase in mental health start-ups is also significantly boosting the market. According to Forbes, venture capital funding for mental health has touched the skies over the past few years. In 2020 alone, investors poured around $1.5 Billion into the market. Additionally, the mounting focus of companies on innovatively making mental health care more accessible & reasonable also augments the overall market growth, further states the research report, “Global Emerging Mental Health Devices & Platforms Market Analysis, 2021.”

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR	23.3%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, UK, France, Italy, Spain, Others
	Asia-Pacific: China, India, Japan, South Korea, Australia, Others
	South America: Brazil, and Argentina
	Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled	AbleTo Inc., Calm, Electromedical Products International Inc., Flow Neuroscience AB, Ginger, Happify Health, Headspace Inc., Lyra Health Inc., Monsenso A/S, Neuronetics, Pear Therapeutics, Inc., Psious, Quartet Health, Talkspace, Teladoc Health, Inc., Woebot Health, Ybrain Inc., Bioself Technology Ltd, Innovative Neurological Devices, Lief Therapeutics, NeuroSigma, Inc, Sentio Solutions Inc.
Unit Denominations	USD Million/Billion

Impact of COVID-19 Outbreak on the Global Emerging Mental Health Devices & Platforms Market

According to the WHO, the COVID-19 pandemic partially halted critical mental health services across 93% of countries worldwide last year while the demand for mental health is rising tremendously.
The pandemic had a devastating impact on access to mental health services and cited the urgent need for increased funding.
However, the pandemic positively affected the anxiety disorders & depression treatment market, which has increased the sales of mental health managing devices.
Within one month of the pandemic, there was a reported 18.6% increase in antidepressant prescriptions, 34.1% surge in prescriptions for anti-anxiety medications, and a 14.8% rise in common anti-insomnia drugs in the United States.
A survey conducted by the WHO in 2020 stated that more than 80% of the developed countries organized teletherapy to offer necessary consultations to patients suffering from depressions & anxiety disorders.
Nevertheless, the overall positive impact of the pandemic on the market led to an increased demand for mental services since they are fundamental to overall well-being.

Market Segmentation

By End-User:

Stress
Anxiety
Depression
Bipolar Disorder
Schizophrenia
Others (Dementia, Autism, etc.)

Of them all, Depression held the largest market in the previous few years and is expected to maintain its dominance during the forecast period, too. It is one of the most common mental illnesses worldwide, and around 3.8% of the world's population is affected by it, states WHO. It includes 5.0% adults & 5.7% adults over 60 years, i.e., more than 280 million people worldwide.

Depending on the severity of depression, healthcare providers offer psychological treatments, such as interpersonal psychotherapy, behavioral activation, and cognitive behavioral therapy. Therefore, the rising prevalence of Depression is expected to propel the demand for mental health devices & platforms and boost the market in the coming years.

By Type:

Platforms
Devices
- EEG and ECG head bands
- Wearable Trackers
- Others (Brain-Sensing Devices, etc.)

Platforms to Register Fastest Growth in the Global Emerging Mental Health Devices & Platforms Market

There are many benefits associated with using Mental Health Platforms, which can fill gaps in service delivery & accessibility of consumers. Skilled & experienced psychiatrists are also abundantly available to assist consumers in engaging with a wide range of mental health tools & applications.

Further, these platforms also promote positive behavioral change and provide therapeutic approaches on a large scale. They are conveniently accessible anytime & anywhere and offer assistance on-demand without long waits.

These platforms focus not only on people with mental conditions but also assist in critical situations like when a person feels sad, lonely, stressed, or requires emotional support. For instance, the German startup Moodpath is a mental health companion that daily asks questions to evaluate a person’s well-being, monitors symptoms of depression in them, and periodically generates electronic results that can be consulted further with a healthcare professional.

Regional Landscape:

North America
South America
Europe
Middle East & Africa
Asia Pacific

Of them all, North America captured the largest market share in recent years. The market dominance of North America attributes primarily to the increasing number of people in the region suffering from depression & anxiety. In North America, the United States tops the position of anxiety disorders as amongst the most common mental issues.

According to Mental Health America, around 9.7% of the young population in the US suffers from severe depression. Between January- September in 2020, 315,220 people took anxiety screen tests, i.e., a 93 % increase in the total number of anxiety screen tests done in 2019.

On the other front, 534,784 people took depression tests, i.e., a 62 % increase from 2019. Moreover, the constant increase in the number of people with moderate to severe symptoms of depression & anxiety is also surging the demand for mental health devices & platforms across the region and fueling the overall market growth.

Market Dynamics:

Key Drivers

Snowballing Adoption of E-mental health tools & applications due to mounting prevalence of mental health disorders
Increasing adoption of teleconsultancy, especially after the COVID-19 pandemic
Anytime & anywhere access to digital mental health platforms
Surging number of mental health startups owing to increasing government investments in mental healthcare

Market Challenges

Inadequate clinically validated data
Increasing data privacy concerns

Key Questions Answered in the Market Research Report:

What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Emerging Mental Health Devices & Platforms Market?
What are the region-wise industry size, growth drivers, and challenges?
What are the key innovations, opportunities, current & future trends, and regulations in the Global Emerging Mental Health Devices & Platforms Market?
Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Emerging Mental Health Devices & Platforms Market based on a competitive benchmarking matrix?
What are the key results derived from surveys conducted during the Global Emerging Mental Health Devices & Platforms Market study?

Frequently Asked Questions

A. The Global Emerging Mental Health Devices & Platforms Market is projected to witness around 23.3% CAGR during 2021-26.

A. Depression is likely to attain the largest share of the Global Emerging Mental Health Devices & Platforms Market during 2021-26.

A. North America is expected to capture the largest market share during 2021-26 and present immense growth opportunities to the leading industry players.

A. Massive investments in the digital mental health landscape and increasing adoption of digital mental health solutions in emerging economies are the key factors expected to drive the Global Emerging Mental Health Devices & Platforms Market in the coming years.

A. In the coming years, the Global Emerging Mental Health Devices & Platforms Market is likely to grow tremendously, owing to the rising inclination of people towards mental well-being and increasing demand for teleconsultations in the wake of the COVID-19 pandemic.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Executive Summary
Impact of Covid-19 on Global Emerging Mental Health Devices & Platforms Market
Global Artificial Intelligence in Neurology Market Start-up Ecosystem, 2016-2021
1. Entrepreneurial Activity
2. Year on Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capitalists (VC) Funding
  4. Others
Global Emerging Mental Health Devices & Platforms Policies & Regulations
Global Emerging Mental Health Devices & Platforms Market Trends & Development
Global Emerging Mental Health Devices & Platforms Market Dynamics
1. Impact Analysis
2. Drivers
3. Challenges
Global Emerging Mental Health Devices & Platforms Market Hotspot & Opportunities
Global Emerging Mental Health Devices & Platforms Market Key Strategic Imperatives for Success & Growth
Global Emerging Mental Health Devices & Platforms Market Analysis, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
    1. Stress
    2. Anxiety
    3. Depression
    4. Bipolar Disorder
    5. Schizophrenia
    6. Others (Dementia, Autism, etc.)
  2. By Type
    1. Platforms
    2. Devices
      1. EEG and ECG head band
      2. Wearable Tracker
      3. Others (Brain-Sensing Device, etc)
  3. By Therapy
    1. Cognitive Behavioral Therapy(CBT)
    2. Electrotherapy
    3. Others (Interpersonal Therapy, Eye Movement Desensitization and Reprocessing (EMDR), Hypnotherapy, etc.)
  4. By End-User
    1. Clinics & Hospitals
    2. Employers
    3. Patients
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia Pacific
North America Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
  2. By Type
  3. By Therapy
  4. By End-User
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
4. Canada Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
5. Mexico Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
South America Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
  2. By Type
  3. By Therapy
  4. By End-User
  5. By Country
    1. Brazil
    2. Others
Europe Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
  2. By Type
  3. By Therapy
  4. By End-User
  5. By Country
    1. UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Others
3. UK Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
4. Germany Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
5. France Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
6. Italy Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
7. Spain Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
Middle East & Africa Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
  2. By Type
  3. By Therapy
  4. By End-User
  5. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Others
Asia Pacific Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Application
  2. By Type
  3. By Therapy
  4. By End-User
  5. By Country
    1. India
    2. China
    3. Japan
    4. Australia
    5. South Korea
    6. Others
3. India Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
4. China Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
5. Japan Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
6. Australia Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
7. South Korea Emerging Mental Health Devices & Platforms Market Outlook, 2018-2026
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Application
    2. By Type
Competitive Benchmarking
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
Company Profile
1. AbleTo Inc.
2. Calm
3. Electromedical Products International Inc.
4. Flow Neuroscience AB
5. Ginger
6. Happify Health
7. Headspace Inc.
8. Lyra Health Inc.
9. Monsenso A/S
10. Neuronetics
11. Pear Therapeutics, Inc.
12. Psious
13. Quartet Health
14. Talkspace
15. Teladoc Health, Inc.
16. Woebot Health
17. Ybrain Inc.
18. Bioself Technology Ltd
19. Innovative Neurological Devices
20. Lief Therapeutics
21. NeuroSigma, Inc
22. Sentio Solutions Inc
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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