The global mental health market size was US$ 391.3 billion in 2021. The global mental health market is forecast to grow to US$ 551.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Mental illness or psychotherapeutic conditions are basically caused due to chemical, genetic, and anatomical conditions; or psychological origins such as trauma. Some mental illnesses require phycological intervention, which will drive the mental health market forward.
The growing prevalence of mental illness will also escalate the demand for efficient treatment. For instance, according to the National Institute of Mental Health, around one in every five U.S. adults suffer from mental illness. Thus, the growing prevalence of the diseases will surge the growth of the global mental health market.
The high cost of mental health programs may limit the growth of the market. On the contrary, the market may witness high growth potential in developing countries due to improving healthcare infrastructure.
Strategic partnerships between industry players to offer efficient mental health services will amplify the market growth. For instance, Acadia signed a joint venture with Geisinger Health in order to include new facilities with nearly 96-beds. Furthermore, BHN also inked a pact with Holyoke Health Center and the HEALing (Helping to End Addiction Long-Term) in 2021 for the launch of a new program,communities study, that aims to help people suffering from opioid dependence. Thus, such initiatives will escalate the mental health market growth.
COVID-19 Impact Analysis

COVID-19 pandemic further worsened the situation for people suffering from mental sickness. Patients could not get proper treatment due to the pandemic. Various general hospital psychiatric wards were transformed into COVID-19 wards. As a result, it increased the pre-existing mental health symptoms at a significant rate.
Furthermore, the wake of the pandemic forced various companies, hotels, and other institutions to shut their places. As a result, many people lost their jobs. Thus, it triggered cases of depression and anxiety. Furthermore, the shortage of personal protective equipment further hampered the growth of the market.
The demand for mental health facilities increased abruptly. Various governments started helpline numbers to support people suffering from depression during the pandemic. Thus, it has been beneficial for the global mental health market.
Regional Analysis

The Asia-Pacific mental health market is forecast to grow at a significant rate. China and India are forecast to emerge as lucrative markets due to the growing cases of mental illness in the countries. Furthermore, the rising demand for effective mental health programs is likely to contribute to the expansion of the market. Furthermore, governments are also upscaling their services in order to cater to the demands of the population. As a result, it will drive the Asia-Pacific mental health market forward.

Competitors in the Market

The MENTOR Network
Universal Health Services, Inc.
Acadia Healthcare
Behavioral Health Network, Inc.
CareTech Holdings PLC
Ascension Seton
Pyramid Healthcare
Promises Behavioral Health
North Range Behavioral Health
Strategic Behavioral Health
Other Prominent Players
Market Segmentation

The global mental health market segmentation focuses on Disorders, Services, Age Group, and Region.

By Disorders Outlook

Schizophrenia
Alcohol Use Disorders
Bipolar Disorder
Depression
Anxiety
Post-traumatic Stress Disorder
Substance Abuse Disorders
Eating Disorders
Other Disorders
By Services Outlook

Emergency Mental Health Services
Outpatient Counselling
Home-based Treatment Services
Inpatient Hospital Treatment Services
Other Services
By Age Group Outlook

Pediatric
Adult
Geriatric
By Regional Outlook

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