LAMEA Mental Health Apps Market Size, Share & Industry Trends Analysis Report By Application, By Platform Type (iOS, Android, and Others), By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Mental Health Apps Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027).
Increasing popularity and use of mental health applications owing to their advantages in enhancing the mental health and wellbeing of patients and/or customers, as well as increased mental health awareness, are some of the important reasons driving the growth of the mental health app market during the forecast period.
Apps can help not just meet the high demand for mental health services, but also make those services more accessible. In many nations and communities, professional mental health options like talking therapies are difficult to come by or are stigmatized, and in some circumstances, people are turning to mobile apps to substitute or complement established treatment techniques. This would further accelerate the growth of the mental health apps market.
In the UAE and other GCC countries, stress and mental health are key concerns; stress and mental health are major concerns in the UAE. According to the World Health Organization (WHO), the UAE has the highest rate of depression in the region, with 5.1 percent of the population suffering from depression. With 4.1 percent of respondents confessing to having a problem, the country also ranks high in terms of anxiousness. According to a survey conducted by YouGov for the Dubai Health Authority in 2019, seven out of ten UAE residents are willing to seek help for mental health difficulties.
At the UAE innovates event at Expo, the Dubai Health Authority (DHA) revealed aspects of an under-development app called as 'Mindspire.' The software was created by students from the American University of Sharjah and earned first place in the DHA's Health Hackathon in 2019. Since then, they've been working with the DHA team to improve the app's capabilities to aid in the diagnosis and treatment of depression patients. The software is designed to assist people who are depressed or who would like a preliminary assessment of their condition in relieving their symptoms. The programme prioritizes privacy and requires little user interaction.
The Brazil market dominated the LAMEA Mental Health Apps Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $153.1 Million by 2027. The Argentina market is anticipated to grow at a CAGR of 19.8% during (2021 - 2027). Additionally, The UAE market would expect a CAGR of 18.9% during (2021 - 2027).
Based on Application, the market is segmented into Depression & Anxiety Management, Meditation Management, Stress Management, Wellness Management, and Others. Based on Platform Type, the market is segmented into iOS, Android, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Calm.com, Inc., MoodMission Pty. Ltd., Sanvello Health, Inc. (UnitedHealth Group Incorporated), Headspace, Inc., Flow Neuroscience AB, Youper, Inc., Urban Massage Ltd., Happify, Inc., and SilverCloud Health, Inc. (American Well Corporation)
Scope of the Study
Market Segments Covered in the Report:
- Depression & Anxiety Management
- Meditation Management
- Stress Management
- Wellness Management, and
By Platform Type
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Calm.com, Inc.
- MoodMission Pty. Ltd.
- Sanvello Health, Inc. (UnitedHealth Group Incorporated)
- Headspace, Inc.
- Flow Neuroscience AB
- Youper, Inc.
- Urban Massage Ltd.
- Happify, Inc.
- SilverCloud Health, Inc. (American Well Corporation)
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