The Mental Health Screening market is projected to reach USD 1.8 billion by 2029 from USD 0.9 billion in 2023, at a CAGR 12.2% during the forecast period 2023-2029. The growth in this market is fuelled by the technological advancements, and the increasing focus on remote monitoring. Furthermore, the integration with wearable technologies and the rise of social media and its impact on the adoption of mental health screening tools, is anticipated to offer lucrative growth opportunities for market players in Mental Health Screening throughout the forecast period 2024-2029.
Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198516770
Based on application, the Mental Health Screening market is segmented into physiological, psychiatric, behavioural and cognitive disorders. Physiological disorders are further segmented into depression, anxiety, post-traumatic stress disorder (PTSD), bipolar disorder, eating disorder, substance abuse, and other physiological disorders. Among these sub-segments, substance abuse accounted for the largest share of the Mental Health Screening market in 2023 attributing to the global increase in substance abuse cases, fueled by factors such as stress, trauma, and societal pressures. Growing recognition of the interconnection between mental health and substance abuse play a pivotal role in addressing these challenges by encouraging healthcare providers to adopt integrated screening protocols.
Based on technology, the Mental Health Screening market is segmented into self-screening mHealth apps, telehealth & virtual care solutions, continuous monitoring wearable devices, AI-based screening tools, and remote mental health platforms. In 2022, the continuous monitoring wearable devices segment accounted for the largest share attributing to the advancements in wearable sensor technologies and the rising demand for real-time data insights.
Based on age group, the Mental Health Screening market is segmented into children & adolescents (age 0–18 years), adults (age 19–64 years), and seniors (age 65 and above). The adults (age 19-64 years) segment accounted for the largest share of the Mental Health Screening market. The rising workloads, economic pressures, and competitive environments contributing to stress and anxiety amplifies the demand for increasing mental health screening solutions among this age group.
The Mental Health Screening market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2022, Asia Pacific was the fastest growing segment in Mental Health Screening market attributed to the growing incidence of mental disorders, rising government initiatives for increasing awareness about mental disorders. Moreover, there is a heightened demand for the improved accessibility of mental health services due to increasing patient burden in this region.
Prominent players in Mental health screening market include Proem Behavioral Health (US), SonderMind Inc. (US), Riverside Community Care (US), Headspace Health (US), Quartet Health, Inc. (US), Canary Speech, Inc. (US), Sonde Health, Inc. (US), Koninklijke Philips N.V. (Netherlands), Alphabet Inc. (Fitbit) (US), ResMed (US), Apple Inc. (US), Wellin5 USA Inc. (Canada), Clarigent Health (US), Woebot Labs Inc. (US), Aiberry (US), Cognitive Health Solutions, LLC (US), Adaptive Testing Technologies (US), Thymia Limited (UK), Modern Life, Inc. (US), MoodFit (US), MoodTools (US), Kintsugi Mindful Wellness, Inc. (US), Ellipsis Health Inc. (US), FuturesTHRIVE (US), and CogniABle (India).
Recent Development of Mental Health Screening Industry:
In November 2023, SonderMind (US) acquired Total Brain (US) to expand its reach, offering individualized mental wellness, supporting therapists with enhanced care techniques, providing population mental health tools for enterprises, and delivering comprehensive solutions to health plans.
In October 2023, Ellipsis Health, Inc. (US) partnered with Augmedix (US) to introduce automated mental health screenings during patient visits.
In December 2021, Quartet Health, Inc. (US) successfully acquired InnovaTel Telepsychiatry (US), turning its vision of rapidly delivering high-quality mental healthcare for everyone into a reality.
The global mental health screening market is on the cusp of substantial expansion, with revenue expected to surpass $1.8 billion by 2029, growing at an impressive CAGR of 12.2% from 2023 to 2029. In 2023, the market size was estimated at $0.9 billion.
Download a PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198516770
Key Drivers and Trends:
The market’s growth is propelled by rising awareness of mental health issues, a heightened focus on remote monitoring solutions, and technological advancements in screening tools. Surveys indicate a notable shift in societal attitudes, with 82% of Americans now considering mental health as crucial as physical well-being, up from 68% in 2018.
However, stigma surrounding mental illness persists as a restraining factor, with 44% of Americans experiencing discrimination due to their condition. Limited awareness about available screening resources also contributes to underutilization.
Social media platforms present a significant opportunity for increasing adoption of screening tools. The Trevor Project found that 76% of LGBTQ+ youth use social media to access mental health information and support. Harnessing social media’s reach can normalize discussions and encourage help-seeking behaviors.
Concerns about the accuracy and validity of screening tools pose a challenge. Studies have found variability in the performance of popular apps, emphasizing the need for rigorous validation processes.
Market Segmentation Insights:
Among psychiatric disorders, attention deficit hyperactivity disorder (ADHD) dominates the market in 2022 due to growing awareness and diagnoses.
Self-reported questionnaires and surveys are expected to exhibit the highest growth rate from 2024 to 2029, driven by their wide availability, affordability, and multilingual formats.
The online platforms segment is poised for the fastest growth, attributable to the availability of personalized assessments.
Regional Analysis:
North America held the largest market share in 2023, supported by increasing demand for mental health services, healthcare reforms, and government funding in the region.
Prominent Players:
Key players in the mental health screening market include Proem Behavioral Health, SonderMind Inc., Riverside Community Care, Headspace Health, Quartet Health, Inc., and others.
Recent Developments:
- SonderMind acquired Total Brain in November 2023 to expand its offerings.
- Ellipsis Health, Inc. partnered with Augmedix in October 2023 to introduce automated mental health screenings.
- Quartet Health, Inc. acquired InnovaTel Telepsychiatry in December 2021 to accelerate high-quality mental healthcare delivery.
The mental health screening market is poised for significant growth, driven by rising awareness, technological advancements, and the potential of social media. While challenges like stigma and accuracy concerns persist, the market’s trajectory indicates a promising future in addressing the critical issue of mental well-being.
https://www.prnewswire.com/news-releases/mental-health-screening-market-worth-1-8-billion–marketsandmarkets-302081019.html
https://www.globenewswire.com/news-release/2024/03/26/2852343/0/en/Mental-Health-Screening-Market-is-Expected-to-Reach-1-8-billion-MarketsandMarkets.html
According to a new report by MarketsandMarkets™ – Mental Health Screening Market in terms of revenue was estimated to be worth $0.9 billion in 2023 and is poised to reach $1.8 billion by 2029, growing at a CAGR of 12.2% from 2023 to 2029.
The growth in the Mental Health Screening market is driven by the growing geriatric population and subsequent increase in the prevalence of mental disorders, rising awareness of mental health issues, technological advancements, and the increasing focus on remote monitoring. The adoption of mental health screening tools is also expected to increase with the integration with wearable technologies and the rise of social media. But the stigma and limited awareness and data privacy concerns may pose a challenge to the Mental Health Screening market during the forecast period.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198516770
Based on applications, the mental health screening market is segmented into physiological, psychiatric, behavioral, and cognitive disorders. Physiological disorders are further segmented into depression, anxiety, post-traumatic stress disorder (PTSD), bipolar disorder, eating disorder, substance abuse, and other physiological disorders. Psychiatric disorders are further segmented into schizophrenia, psychotic disorder, dissociative disorder, obsessive compulsive disorder, dissociative disorder, attention deficit hyperactivity disorder (ADHD), and other psychiatric disorders. Behavioral disorders are again segmented into self-harm, aggression, sleep disorder, social withdrawal, dissociative disorder, hyperactivity, and other behavioral disorders. Cognitive disorders are segmented into cognitive impairment, dementia, Alzheimer’s disease, and other cognitive disorders.
The cognitive disorders is the fastest growing in Mental Health Screening market in 2022 attributing to the rising geriatric population, increasing incidence of neurodegenerative diseases, growing awareness, and improved access to screening tools. These disorders can significantly impact an individual’s ability to perform daily activities and maintain independence. It often affects older adults, but it can also occur in younger individuals due to factors like traumatic brain injury, genetic predispositions, or neurological conditions.
Based on screening methods, the global mental health screening market is segmented into self-reported questionnaires & surveys, clinical interviews, observation-based assessments, and biomarker testing. The self-reported questionnaires & surveys segment dominated the mental health screening market in 2022 attributing to the easy availability of a wide variety of questionnaires at affordable prices over digital platforms and availability of self-reported questionnaires & surveys in multilingual formats. Moreover, the ongoing advancements in questionnaire designs are key factors propelling the global adoption of self-reported questionnaire-based assessments in mental health screening.
Based on setting, the Mental Health Screening market is segmented into clinical settings, educational institutions, workplace/corporate programs, online platforms, and other settings. The online platforms segment is expected to register the highest growth rate in the forecast period attributing to the easily accessible and personalized assessments to the patients. Moreover, online platforms use a combination of screening methods to provide users with comprehensive, accessible, and personalized assessments of their mental health status and needs. Thus, promoting mental health awareness, early intervention, and access to support services for individuals seeking assistance with their mental well-being.
The Mental Health Screening market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2022, North America accounted for the largest share of the Mental Health Screening market. As this region is home to a significant number of mental health screening solution manufacturers. Moreover, the growing number of people requiring mental health services, increasing mental health reforms, and the availability of government funding for expanding mental health services in the region, reinforces its position at the forefront of the mental health screening market.
Mental Health Screening Market Dynamics:
Drivers:
- Growing geriatric population and subsequent increase in prevalence of mental disorders
- Rising awareness of mental health issues
- Technological advancements
- Increasing focus on remote monitoring
Restraints:
- Stigma and limited awareness
- Data privacy concerns
Opportunities:
- Integration with wearable technologies
- Rise of social media and its impact on adoption of mental health screening tools
Challenge:
- Concerns regarding accuracy and validity
Key Market Players of Mental Health Screening Industry:
Prominent players in the Mental Health Screening market include Adaptive Testing Technologies (US), Proem Behavioral Health (US), Aiberry (US), SonderMind Inc. (US), Clarigent Health (US), Riverside Community Care (US), Kintsugi Mindful Wellness, Inc. (US), Thymia Limited (UK), Ellipsis Health Inc. (US), Canary Speech, Inc. (US), Headspace Health (US), Quartet Health, Inc. (US), Modern Life, Inc. (US), Sonde Health, Inc. (US), FuturesTHRIVE (US), Koninklijke Philips N.V. (Netherlands), Alphabet Inc. (Fitbit) (US), ResMed (US), Apple Inc. (US), MoodFit (US), Wellin5 USA Inc. (Canada), MoodTools (US), Cognitive Health Solutions LLC (US), Woebot Labs Inc. (US), and CogniABle (India).
