Global Mental Health Apps Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Mental Health Apps market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Global Mental Health Apps Market Analysis, 2020”, the Global Mental Health Apps market is anticipated to grow at a CAGR of around 31% during 2020-25F. One of the major factors for the growth of the market is the existence of social stigma in the societies related to visiting a psychiatrist for receiving mental health treatment. Apart from this, the burgeoning use of smartphones and smartwatches, surging investment by many companies in mental health apps, and increasing awareness of mental health issues are driving the growth of the market. Besides these, COVID-19 has led to a positive impact on the growth of the mental health apps market as the majority of the people have lost their jobs due to the pandemic which has had a negative effect on people’s mental health. In the U.S., around 4 million mental wellness app was downloaded in April 2020.
Market Segmentation
Yearly Segment Expected to Attain Highest CAGR
Based on Subscription Model, the Yearly subscription model is expected to grow at the highest CAGR by 2025 in the Global mental health apps market. The yearly subscription offers various discounts as compared to the monthly subscription, which leads to a larger customer base to go for a yearly subscription. Thus, this is projected to drive the growth of the Mental Health Apps market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Mental Health Apps Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Mental Health Apps market include 7 Cups, Addicaid, Calm, NOCD, Recovery Record, Sanvello, Happify Inc., Headspace, Mayo Foundation, Mindshift Interactive, MY3, Silvercloud Health, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Mental Health Apps Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Mental Health Apps Market during 2020-25?
A. The growth rate of Global Mental Health Apps Market during 2020-25 is forecast to be grow at a CAGR of 31%
Q. Who are the key competitors or players operating in Global Mental Health Apps Market?
A. 7 Cups, Addicaid, Calm, NOCD, Recovery Record, Sanvello, Happify Inc., Headspace, Mayo Foundation, Mindshift Interactive, MY3, Silvercloud Health are few of the leading players in the Global Mental Health Apps Market.
Q. Which operating system segment would emerge as an opportunity area for players in Global Mental Health Apps Market?
A. Android is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Mental Health Apps Market?
A. Asia-Pacific grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Mental Health Apps Market.
