The global emerging mental health devices and platforms market size was US$ 2,568.6 million in 2021. The global emerging mental health devices and platforms market size is forecast to reach US$ 18,717.5 million by 2030, growing at a compound annual growth rate (CAGR) of 24.7% during the forecast period from 2022 to 2030.

The mental health of an individual is a reflection of the individual's abilities, their ability to cope with the normal stress of their lives, their ability to work productively, and their contribution to society. The issue of mental health disorders is widespread worldwide. A mental health device & platform helps gather information and identify activity patterns. In addition, it can use to save lives since early detection of mental illness is an integral part of saving the lives of individuals.

Factors Influencing Market Growth

Among the factors driving the global market include rising demand for teleconsultations, growing funding activity in the digital mental health landscape, and an increase in the adoption of digital mental health solutions.
Wearables are prone to inaccuracies in measurement due to overestimation, underestimation, high variability, and lack of benchmarking with industry gold standards. Thus, this factor may slow down the overall market growth.
The rising development of portable mental health devices is forecast to offer lucrative growth opportunities for the global market during the forecast period.
Impact Analysis of COVID-19

The COVID-19 pandemic had a positive impact on the global market. COVID-19 pandemic has severely affected the mental well-being of the global population, including children and adolescents. As a result, teleconsultations, the use of mental health mobile platforms, and funding activities to maintain the mental well-being of the global population grew at an exponential rate.

Regional Insights

The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. Among the factors driving the emerging mental health devices and platforms market include an advantageous reimbursement landscape, a growing focus on the digital health ecosystem, and the launch of technologically advanced medical devices through collaborations. In addition, a fixed mental health workforce in the country is also pushing the adoption of emerging mental health devices and platforms. Thus, this factor is forecast to fuel the market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global emerging mental health devices and platforms market are:

Electromedical Products International, Inc.
AbleTo, Incorporated
Flow Neuroscience AB
Ginger
Happify Health,
Lyra Health, Incorporated
Monsenso A/S
Neuronetics
Headspace Incorporated
Pear Therapeutics, Incorporated
Quartet Health
Talkspace
Teladoc Health, Incorporated
Woebot Health
Psious
Ybrain, Incorporated
Other Prominent Players
Scope of the Report

The global emerging mental health devices and platforms market segmentation focuses on Product Type, Application, Therapy, End-Users, and Region.

Segmentation focuses on Product Type

Platforms
Devices
Segmentation focuses on Application

Stress
Anxiety
Depression
Bipolar Disorder
Schizophrenia
Others
Segmentation focuses on Therapy

Cognitive Behavior Therapy (CBT)
Electrotherapy
Others
Segmentation focuses on End-Users

Patients
Providers
Employers
Others
Segmentation focuses on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America