Global Digital Mental Health Market Demand Outlook, COVID-19 Impact, Trend Analysis By Deployment (Mental Health Chatbots, Tele psychiatry, Mindfulness & Meditation Apps, Mobile / Platform Based CBT, VR/AR Based Therapy), By Component, By Software Services, By End Use and Industry Estimates 2021-2027
- Published: July, 2021
- Report ID: QAR-FM02022
- Format: Electronic (PDF)
- Historical Data: 2017 – 2019
The global digital mental health market is projected to grow at a CAGR of 28.6% over the next six years. One of the key factors contributing to the growth of the global digital mental health industry is the implementation and acceptance of addressing core areas of human health and disease, both from a user traction perspective and in terms of evidence generation and investment.
The possibility for digital transformation in mental health is one of the most significant of all of healthcare. This is partly due to the fact that most mental health services are limited to verbal exchanges that may easily be offered. More importantly, it is because in the words of The Lancet Commission on Global Mental Health and Sustainable Development ––“all countries are developing countries”. There exists a gap between what people need and what current systems can give in high-middle-income and low-income nations that can be bridged by a technological revolution in access, quality, and involvement. Digital mental health tools are crucial and are becoming integral part of modern health systems.
Due to significant access barriers of cost and stigma, as well as pharma companies' struggles to generate effective medications, mental health has not been in a priority for a long time. There is a growing body of empirical evidence that poor mental health can both cause and induce the appearance of other illnesses. The necessity for healthcare stakeholders and consumers to focus on their mental health has been underlined by research at the intersection of inflammation, cognitive function, and numerous disorders. However, globally substantial worries about privacy, data security, and computer safety are impeding the full digitization of healthcare services. An increase in the frequency and complexity of cyberattacks is projected to hinder the worldwide mental health market in the coming years.
Segment overview
On the basis of Deployment, Tele psychiatry held the major share of the global digital mental health market. The quick and widespread adoption of tele psychiatry in the post-COVID-19 world could provide a viable solution to bridge the gap between the availability and need for mental health specialists and interventions. The mental health Chatbots and VR/AR based therapy is expected to grow at the significant rate during the forecast period (2021-2027). Also there is a rise in internet penetration and mobile use as a result of low-cost availability and increased end-user awareness about the advantages of using Chatbots. According to the GSMA, approximately 63 percent of the global population will be online in 2020. In addition, from 2.5 billion in 2016, the number of mobile users worldwide increased to 3.5 billion in 2020.
On the basis of Region, the North America market for digital mental health is expected to remain largest over the forecast period, Factors such as rise in usage of mobile apps to gather healthcare information, high adoption of social network embedded chatbots, and large investments by healthcare technology developers to boost the digital healthcare industry are driving the growth of the digital mental health market in North America. Partners interested in digital mental health enterprises include national health systems aiming to address public health requirements, corporations looking to boost their employees' productivity and resilience, and insurance looking to cut costs. These developments tend to support more investment and put the region at the forefront of digital healthcare space.
Developments,
- Telemedicine giant American Well acquired Aligned Telehealth in November 2019 to bolster its behavioural health and telepsychiatry capabilities reportedly making them the largest offering of this type in the US A JAMA review of telemedicine service growth in commercially insured populations in the US found that 53 of telemedicine consultations identified were tele mental health interactions
- In January 2020 Octopus Ventures estimated a fivefold increase in digital mental health solutions investment in the past 6 years bringing us to 580 USD Million in 2019 with total deal count also tripling in the same time frame
The report provides detailed market outlook, and forecast of the “Global Digital Mental Health” market based on, deployment, Component, Software Services, End-use and regions
Report Scope
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Base Year | 2020 |
| Forecast Period | 2021-2027 |
| Units Considered | USD Million |
| Segmentation By Deployment |
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| Segmentation by Component |
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| Segmentation by Software Service |
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| Segmentation By End-Use |
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| Regions Covered |
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| Key Company Profiles | Woebot Labs, Inc., Wysa Ltd., Talkspace, BetterHelp, X2ai, Happify, Quartet Health, Ieso digital health, Mindstrong health, Clarigent Health, Meditopia, 7 cups, Moodpath are among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Digital Mental Health Market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Technological overview
3.4. Digital Mental Health Market: developed v/s developing countries
3.5. Market opportunities & trends
3.5.1. High potential for growth of mental health software market in emerging economies
3.5.2. The ability to rapidly scale up during periods of acute need
3.5.3. The functionality to passively and objectively monitor behaviors
3.6. Market dynamics
3.6.1. Market driver analysis
3.6.1.1. Availability of innovative healthcare solutions and services
3.6.1.2. Increasing geriatric population worldwide
3.6.1.3. Growing IT technology, the digital revolution, user-friendly graphical interfaces and mobile devices
3.6.1.4. Impact analysis
3.6.2. Market restraint analysis
3.6.2.1. Concerns regarding data security, privacy and protection issues
3.6.2.2. Low awareness regarding benefits
3.6.2.3. Impact analysis
3.7. Industry analysis – Porter’s
3.7.1. Bargaining power of suppliers
3.7.2. Bargaining power of buyers
3.7.3. Threat of new entrants
3.7.4. Threat of substitutes
3.7.5. Competitive rivalry
3.8. PESTEL analysis
3.9. SWOT Analysis
3.10. Cost Analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. Global Digital Mental Health Market Size and Forecast (2020 - 2027)
5.1. Global Digital Mental Health Market, By Deployment (USD Million)
5.1.1. Mental Health Chatbots
5.1.2. Tele psychiatry
5.1.3. Mindfulness & Meditation Apps
5.1.4. Mobile / Platform Based CBT
5.2. Global Digital Mental Health Market, By Component (USD Million)
5.2.1. Digital Therapeutic
5.2.2. Telemedicine
5.2.3. Wearables & Monitoring
5.2.4. Mental wellness & Brain Training
5.2.5. Others
5.3. Global Digital Mental Health Market, By Software Services (USD Million)
5.3.1. Clinical
5.3.1.1. Electronic health records (EHR)
5.3.1.2. Clinical decision support
5.3.1.3. E-Prescribing
5.3.1.4. Telehealth
5.3.1.5. Others
5.3.2. Administrative
5.3.3. Financial
5.3.4. Others
5.4. Global Digital Mental Health Market, By End Use (USD Million)
5.4.1. Provider
5.4.2. Payers
5.4.3. Patients
5.5. Global Digital Mental HealthMarket, By Region (USD Million)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Central & South America (CSA)
5.5.5. Middle East & Africa (MEA)
CHAPTER 6. Global Digital Mental Health Market Size and Forecast, By Region (2020 - 2027)
6.1. North America Digital Mental Health Market (USD Million)
6.1.1. North America Digital Mental Health Market, By Country (USD Million)
6.1.2. North America Digital Mental Health Market, By Deployment (USD Million)
6.1.3. North America Digital Mental Health Market, By Component (USD Million)
6.1.4. North America Digital Mental Health Market, By Software Services (USD Million)
6.1.5. North America Digital Mental Health Market, By End-Use (USD Million)
6.1.6. The U.S. Digital Mental Health Market (USD Million)
6.1.6.1. The U.S. Digital Mental Health Market, By Deployment (USD Million)
6.1.6.2. The U.S. Digital Mental Health Market, By Component (USD Million)
6.1.6.3. The U.S. Digital Mental Health Market, By Software Services (USD Million)
6.1.6.4. The U.S. Digital Mental Health Market, By End-Use (USD Million)
6.1.7. Canada Digital Mental Health Market (USD Million)
6.1.7.1. Canada Digital Mental Health Market, By Deployment (USD Million)
6.1.7.2. Canada Digital Mental Health Market, By Component (USD Million)
6.1.7.3. Canada Digital Mental Health Market, By Software Services (USD Million)
6.1.7.4. Canada Digital Mental Health Market, By End-Use (USD Million)
6.1.8. Mexico Digital Mental Health Market (USD Million)
6.1.8.1. Mexico Digital Mental Health Market, By Deployment (USD Million)
6.1.8.2. Mexico Digital Mental Health Market, By Component (USD Million)
6.1.8.3. Mexico Digital Mental Health Market, By Software Services (USD Million)
6.1.8.4. Mexico Digital Mental Health Market, By End-Use (USD Million)
6.2. Europe Digital Mental Health Market (USD Million)
6.2.1. Europe Digital Mental Health Market, By Country (USD Million)
6.2.2. Europe Digital Mental Health Market, By Deployment (USD Million)
6.2.3. Europe Digital Mental Health Market, By Component (USD Million)
6.2.4. Europe Digital Mental Health Market, By Software Services (USD Million)
6.2.5. Europe Digital Mental Health Market, By End-Use (USD Million)
6.2.6. Germany Digital Mental Health Market (USD Million)
6.2.6.1. Germany Digital Mental Health Market, By Deployment (USD Million)
6.2.6.2. Germany Digital Mental Health Market, By Component (USD Million)
6.2.6.3. Germany Digital Mental Health Market, By Software Services (USD Million)
6.2.6.4. Germany Digital Mental Health Market, By End-Use (USD Million)
6.2.7. The U.K Digital Mental HealthMarket (USD Million)
6.2.7.1. The U.K. Digital Mental Health Market, By Deployment (USD Million)
6.2.7.2. The U.K. Digital Mental Health Market, By Component (USD Million)
6.2.7.3. The U.K. Digital Mental Health Market, By Software Services (USD Million)
6.2.7.4. The U.K. Digital Mental Health Market, By End-Use (USD Million)
6.2.8. France Digital Mental HealthMarket (USD Million)
6.2.8.1. France Digital Mental Health Market, By Deployment (USD Million)
6.2.8.2. France Digital Mental Health Market, By Component (USD Million)
6.2.8.3. France Digital Mental Health Market, By Software Services (USD Million)
6.2.8.4. France Digital Mental Health Market, By End-Use (USD Million)
6.2.9. Netherland Digital Mental HealthMarket (USD Million)
6.2.9.1. Netherland Digital Mental Health Market, By Deployment (USD Million)
6.2.9.2. Netherland Digital Mental Health Market, By Component (USD Million)
6.2.9.3. Netherland Digital Mental Health Market, By Software Services (USD Million)
6.2.9.4. Netherland Digital Mental Health Market, By End-Use (USD Million)
6.2.10. Spain Digital Mental HealthMarket (USD Million)
6.2.10.1. Spain Digital Mental Health Market, By Deployment (USD Million)
6.2.10.2. Spain Digital Mental Health Market, By Component (USD Million)
6.2.10.3. Spain Digital Mental Health Market, By Software Services (USD Million)
6.2.10.4. Spain Digital Mental Health Market, By End-Use (USD Million)
6.2.11. Italy Digital Mental HealthMarket (USD Million)
6.2.11.1. Italy Digital Mental Health Market, By Deployment (USD Million)
6.2.11.2. Italy Digital Mental Health Market, By Component (USD Million)
6.2.11.3. Italy Digital Mental Health Market, By Software Services (USD Million)
6.2.11.4. Italy Digital Mental Health Market, By End-Use (USD Million)
6.3. Asia-Pacific Digital Mental HealthMarket (USD Million)
6.3.1. APAC Digital Mental Health Market, By Country (USD Million)
6.3.2. APAC Digital Mental Health Market, By Deployment (USD Million)
6.3.3. APAC Digital Mental Health Market, By Component (USD Million)
6.3.4. APAC Digital Mental Health Market, By Software Service (USD Million)
6.3.5. APAC Digital Mental Health Market, By End-Use (USD Million)
6.3.6. China Digital Mental Health Market (USD Million)
6.3.6.1. China Digital Mental Health Market, By Deployment (USD Million)
6.3.6.2. China Digital Mental Health Market, By Component (USD Million)
6.3.6.3. China Digital Mental Health Market, By Software Service (USD Million)
6.3.6.4. China Digital Mental Health Market, By End-Use (USD Million)
6.3.7. Japan Digital Mental Health Market (USD Million)
6.3.7.1. Japan Digital Mental Health Market, By Deployment (USD Million)
6.3.7.2. Japan Digital Mental Health Market, By Component (USD Million)
6.3.7.3. Japan Digital Mental Health Market, By Software Service (USD Million)
6.3.7.4. Japan Digital Mental Health Market, By End-Use (USD Million)
6.3.8. India Digital Mental Health Market (USD Million)
6.3.8.1. India Digital Mental Health Market, By Deployment (USD Million)
6.3.8.2. India Digital Mental Health Market, By Component (USD Million)
6.3.8.3. India Digital Mental Health Market, By Software Service (USD Million)
6.3.8.4. India Digital Mental Health Market, By End-Use (USD Million)
6.3.9. South Korea Digital Mental Health Market (USD Million)
6.3.9.1. South Korea Digital Mental Health Market, By Deployment (USD Million)
6.3.9.2. South Korea Digital Mental Health Market, By Component (USD Million)
6.3.9.3. South Korea Digital Mental Health Market, By Software Service (USD Million)
6.3.9.4. South Korea Digital Mental Health Market, By End-Use (USD Million)
6.3.10. Malaysia Digital Mental Health Market (USD Million)
6.3.10.1. Malaysia Digital Mental Health Market, By Deployment (USD Million)
6.3.10.2. Malaysia Digital Mental Health Market, By Component (USD Million)
6.3.10.3. Malaysia Digital Mental Health Market, By Software Service (USD Million)
6.3.10.4. Malaysia Digital Mental Health Market, By End-Use (USD Million)
6.3.11. Thailand Digital Mental Health Market (USD Million)
6.3.11.1. Thailand Digital Mental Health Market, By Deployment (USD Million)
6.3.11.2. Thailand Digital Mental Health Market, By Component (USD Million)
6.3.11.3. Thailand Digital Mental Health Market, By Software Service (USD Million)
6.3.11.4. Thailand Digital Mental Health Market, By End-Use (USD Million)
6.3.12. Australia Digital Mental Health Market (USD Million)
6.3.12.1. Australia Digital Mental Health Market, By Deployment (USD Million)
6.3.12.2. Australia Digital Mental Health Market, By Component (USD Million)
6.3.12.3. Australia Digital Mental Health Market, By Software Service (USD Million)
6.3.12.4. Australia Digital Mental Health Market, By End-Use (USD Million)
6.4. Central & South America (CSA) Digital Mental Health Market (USD Million)
6.4.1. CSA Digital Mental Health Market, By Deploymen (USD Million)
6.4.2. CSA Digital Mental Health Market, By Mechanism (USD Million)
6.4.3. CSA Digital Mental Health Market, By Component (USD Million)
6.4.4. CSA Digital Mental Health Market, By Software Service (USD Million)
6.4.5. CSA Digital Mental Health Market, By End-Use (USD Million)
6.4.6. Brazil Digital Mental Health Market (USD Million)
6.4.6.1. Brazil Digital Mental Health Market, By Deployment (USD Million)
6.4.6.2. Brazil Digital Mental Health Market, By Component (USD Million)
6.4.6.3. Brazil Digital Mental Health Market, By Software Service (USD Million)
6.4.6.4. Brazil Digital Mental Health Market, By End-Use (USD Million)
6.4.7. Argentina Digital Mental Health Market (USD Million)
6.4.7.1. Argentina Digital Mental Health Market, By Deployment (USD Million)
6.4.7.2. Argentina Digital Mental Health Market, By Component (USD Million)
6.4.7.3. Argentina Digital Mental Health Market, By Software Service (USD Million)
6.4.7.4. Argentina Digital Mental Health Market, By End-Use (USD Million)
6.5. Middle East & Africa (MEA) Digital Mental Health Market (USD Million)
6.5.1. MEA Digital Mental Health Market, By Country (USD Million)
6.5.2. MEA Digital Mental Health Market, By Deployment (USD Million)
6.5.3. MEA Digital Mental Health Market, By Component (USD Million)
6.5.4. MEA Digital Mental Health Market, By Software Service (USD Million)
6.5.5. MEA Digital Mental Health Market, By End-Use (USD Million)
6.5.6. UAE Digital Mental Health Market (USD Million)
6.5.6.1. UAE Digital Mental Health Market, By Deployment (USD Million)
6.5.6.2. UAE Digital Mental Health Market, By Component (USD Million)
6.5.6.3. UAE Digital Mental Health Market, By Software Service (USD Million)
6.5.6.4. UAE Digital Mental Health Market, By End-Use (USD Million)
6.5.7. Saudi Arabia Digital Mental Health Market (USD Million)
6.5.7.1. Saudi Arabia Digital Mental Health Market, By Deployment (USD Million)
6.5.7.2. Saudi Arabia Digital Mental Health Market, By Component (USD Million)
6.5.7.3. Saudi Arabia Digital Mental Health Market, By Software Service (USD Million)
6.5.7.4. Saudi Arabia Digital Mental Health Market, By End-Use (USD Million)
6.5.8. Egypt Digital Mental Health Market (USD Million)
6.5.8.1. Egypt Digital Mental Health Market, By Deployment (USD Million)
6.5.8.2. Egypt Digital Mental Health Market, By Component (USD Million)
6.5.8.3. Egypt Digital Mental Health Market, By Software Service (USD Million)
6.5.8.4. Egypt Digital Mental Health Market, By End-Use (USD Million)
6.5.9. South Africa Digital Mental Health Market (USD Million)
6.5.9.1. South Africa Digital Mental Health Market, By Deployment (USD Million)
6.5.9.2. South Africa Digital Mental Health Market, By Component (USD Million)
6.5.9.3. South Africa Digital Mental Health Market, By Software Service (USD Million)
6.5.9.4. South Africa Digital Mental Health Market, By End-Use (USD Million)
CHAPTER 7. Key Players and Strategic Developments
7.1. Woebot Labs, Inc.
7.1.1. Business Overview
7.1.2. Product and Service Offering
7.1.3. Financial Overview
7.1.4. Strategic Developments
7.2. Wysa Ltd.
7.2.1. Business Overview
7.2.2. Product and Service Offering
7.2.3. Financial Overview
7.2.4. Strategic Developments
7.3. Talkspace
7.3.1. Business Overview
7.3.2. Product and Service Offering
7.3.3. Financial Overview
7.3.4. Strategic Developments
7.4. BetterHelp
7.4.1. Business Overview
7.4.2. Product and Service Offering
7.4.3. Financial Overview
7.4.4. Strategic Developments
7.5. X2ai
7.5.1. Business Overview
7.5.2. Product and Service Offering
7.5.3. Financial Overview
7.5.4. Strategic Developments
7.6. Happify
7.6.1. Business Overview
7.6.2. Product and Service Offering
7.6.3. Financial Overview
7.6.4. Strategic Developments
7.7. Quartet Health
7.7.1. Business Overview
7.7.2. Product and Service Offering
7.7.3. Financial Overview
7.7.4. Strategic Developments
7.8. Ieso digital health
7.8.1. Business Overview
7.8.2. Product and Service Offering
7.8.3. Financial Overview
7.8.4. Strategic Developments
7.9. Mindstrong health
7.9.1. Business Overview
7.9.2. Product and Service Offering
7.9.3. Financial Overview
7.9.4. Strategic Developments
7.10. Meditopia
7.10.1. Business Overview
7.10.2. Product and Service Offering
7.10.3. Financial Overview
7.10.4. Strategic Developments
7.11. 7 Cups
7.11.1. Business Overview
7.11.2. Product and Service Offering
7.11.3. Financial Overview
7.11.4. Strategic Developments
7.12. Moodpath
7.12.1. Business Overview
7.12.2. Product and Service Offering
7.12.3. Financial Overview
7.12.4. Strategic Developments
7.13. Clariant Health
7.13.1. Business Overview
7.13.2. Product and Service Offering
7.13.3. Financial Overview
7.13.4. Strategic Developments