The North America Mental Health Apps Market would witness market growth of 15.5% CAGR during the forecast period (2021-2027).
The innovation has the capacity to assist those who do not have access to regular mental health treatment in recognizing and managing mental illness symptoms. Apps can help with a lot of things that traditional therapy can't since they are frequently less expensive and do not necessitate commuting to an office. According to several studies, certain applications may be helpful therapies for mental illness.
Increased use of mental health apps due to their benefits in improving treatment outcomes and lifestyle, as well as increased awareness of mental health as a serious health issue, are two important reasons driving market expansion. Additionally, the use of mental health applications is effective in supporting and fostering wellbeing, which helps people, particularly working professionals, be more productive. The rising amount of mental health app downloads, as well as an increase in downloads during the COVID-19 pandemic, are a few of the major drivers driving the market forward.
Because of the increasing awareness of mental health issues and the presence of prominent manufacturers in the region, the mental health apps market in North America is growing rapidly. According to a poll conducted by the Buckeye Recovery Network, 16 million people suffer from serious depression, 2.4 million from schizophrenia, 42 million from anxiety disorders, 6.1 million from bipolar disorder, and 10.2 million from addiction disorders with co-occurring mental health concerns.
According to figures from the National Institute of Mental Health (NIMH), 51.5 million people in the United States suffer from mental illnesses like schizophrenia, anxiety, and serious depression. The need for mental health apps in North America is fueled by the fact that over half of the population in the region is affected by severe difficulties. As per the Lancet, a medical journal, the worldwide prevalence of depression and anxiety has increased by more than 25% in the pandemic. This, combined with a rise in the number of individuals accessing internet services, has resulted in a surge in mental-health apps. According to the American Psychological Association, tens of thousands to a hundred thousand are available for download.
The US market dominated the North America Mental Health Apps Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,779.8 Million by 2027. The Canada market is estimated to witness a CAGR of 18.2% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 17.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Mental Health Apps Market is Estimated to reach $10.2 Billion by 2027, at a CAGR of 16.3%
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)
By Application
By Platform Type
By Country
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