Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What is the Predicted CAGR for the Mental Health Apps Market Over the Forecast Period of 2025 to 2034?

The expansion of the mental wellness market has been robust in the past few years. Forecasts show its size increasing from $174.15 billion in 2024 to $186.94 billion in 2025, representing a compound annual growth rate (CAGR) of 7.3%. Factors contributing to growth in the historical period include heightened mental health awareness, diminishing stigmas, the rise of corporate wellness programs, advancements in telehealth technology, and government initiatives.

Forecasts suggest significant expansion in the mental wellness market over the coming years, seeing it reach a size of $262.65 billion by 2029, progressing at a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth during the forecast period include the increasing use of wearable devices, worldwide mental health advocacy, emphasis on preventive mental health measures, virtual reality therapy, and customized mental wellness solutions. The period in question is also expected to see key trends such as digital platforms dedicated to mental health, workplace mental health initiatives, incorporation of artificial intelligence (AI), cultural diversity and inclusivity, and comprehensive wellness ecosystems.

What Factors Are Propelling the Growth of the Market from 2025 to 2034?

The rise in mental health disorders is projected to boost the expansion of the mental wellness market. Such disorders amount to significant clinical impairments in an individual’s cognitive, emotional, or behavioral functioning, typically associated with stress or disruption in critical areas. The growing prevalence of such disorders expands the scope of the mental wellness market as it contributes to reducing and treating these ailments. For example, data from the UK’s Health and Social Care Information Centre in November 2022, a national organization providing information, data, and technological resources for professionals and decision-makers in the social and health care sectors, revealed that the percentage of 17 to 19-year-olds with possible mental health disorders rose from 17.4% in 2021 to 25.7% in 2022. Consequently, the increasing prevalence of mental health disorders is fueling the growth of the mental wellness market.

Get Your Free Sample of the Global Mental Health Apps Market Report Now!

https://www.thebusinessresearchcompany.com/sample.aspx?id=10519&type=smp

Who Are the Top Companies Driving Innovation and Growth in the Mental Health Apps Market?

Major companies operating in the mental wellness market include:

• CVS Health Corporation_x000D_

• Ascension Health Alliance_x000D_

• Fitbit Inc._x000D_

• BetterHelp Inc._x000D_

• Vitality Group Holdings Limited_x000D_

What Key Trends Are Currently Impacting the Mental Health Apps Market’s Development?

The prevailing trend of product innovation is becoming increasingly recognized within the mental wellness market. Key players in the sector are promoting the creation of novel products as a means to consolidate their market standing. For example, in August 2022, US-based wellness products manufacturer, Swanson Health, introduced an original product known as Swanson W/I/O (Wellness Inside and Out). This product is a carefully selected assortment of nutritional supplements that focus on self-care and mental wellness. The aim is to help customers curate a personalized kit that tackles sleep, anxiety, and cognitive faculties — the three essential elements of mental wellness. Swanson W/I/O is devoted to enhancing mental health while ensuring accessibility and affordability of top-tier products for everyone.

Pre-order Your Report for Quick and Easy Delivery!

https://www.thebusinessresearchcompany.com/report/mental-wellness-global-market-report

How Are Market Segments in the Mental Health Apps Industry Positioned for Long-Term Growth?

The mental wellness market covered in this report is segmented –

1) By Type: Senses Spaces, Sleep, Brain Boosting Nutraceuticals And Botanicals, Self-Improvement, Meditation and Mindfulness

2) By Service: Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services, Other Services

3) By Age: Adult, Geriatric, Teenager

4) By Disorder: Depression, Anxiety, Schizophrenia, Substance use disorder, Bipolar disorder, Alcohol use disorder, Post-traumatic stress disorder, Eating disorder, Other Disorder

Subsegments:

1) By Senses Spaces: Aromatherapy Products, Sound Therapy Solutions, Light Therapy Devices

2) By Sleep: Sleep Aids and Supplements, Sleep Tracking Devices, Sleep Environment Enhancements

3) By Brain Boosting Nutraceuticals and Botanicals: Nootropics, Herbal Supplements, Omega-3 Fatty Acids

4) By Self-Improvement: Personal Development Courses, Coaching and Mentoring Services, Journaling and Self-Reflection Tools

5) By Meditation and Mindfulness: Guided Meditation Apps, Mindfulness Training Programs, Breathing Exercises and Tools

Which Geographical Regions Are Pioneering Growth in the Mental Health Apps Market?

North America was the largest region in the mental wellness market in 2024. The regions covered in the mental wellness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Characteristics That Define the Mental Health Apps Market?

Mental wellness refers to a condition of health that includes a person’s social, emotional, and psychological well-being. It comprises having the capacity to handle stress, uphold wholesome relationships, and make wise decisions. It is a crucial element of health and well-being that supports both individual and group capacity to decide, form connections, and influence the world.

Browse Through More Similar Reports By The Business Research Company:

Mental Health Apps Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/mental-health-apps-global-market-report

Psychiatrists Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/psychiatrists-global-market-report

Telepsychiatry Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/telepsychiatry-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: