“Global Mental Health Screening Market to reach a market value of USD 2.4 Billion by 2031 growing at a CAGR of 12.5%”
The Global Mental Health Screening Market size is expected to reach $2.4 billion by 2031, rising at a market growth of 12.5% CAGR during the forecast period.
Sleep disorders can have a significant impact on mental health, exacerbating symptoms of depression, anxiety, and other mental health disorders. Thus, the sleep disorder segment acquired 14.7% revenue share in the market 2023. Screening for sleep disorders can help identify and address these issues, leading to improved mental health outcomes. Moreover, advances in screening tools and diagnostic criteria have made it easier to detect sleep disorders accurately, leading to increased use of screening tools in clinical settings.
Collaboration between researchers, healthcare providers, and technology companies also drives innovation in mental health screening. By working together, these stakeholders can leverage their expertise to develop and implement new screening tools and technologies.
Additionally, Mental disorders constitute the primary cause of years lived with disability (YLDs) on a global scale, affecting one in every six YLDs. Schizophrenia, which affects an estimated 1 in 200 adults, is a significant concern because it is the most debilitating of all health conditions in its acute stages. Hence, the escalating incidence of mental health disorders on a global scale has substantially bolstered the need for screening instruments and services about mental health.
However, many regions have a shortage of professionals with the necessary expertise to administer and interpret its tools. This shortage is particularly acute in areas with high demand for mental health services, such as rural or underserved communities. Hence, these factors may hamper the growth of the market.
However, the pandemic also presented challenges for the market. The economic impact of the pandemic led to financial strain for many individuals, making it difficult for them to afford mental health screening services. Additionally, the increased demand for mental health services during the pandemic placed a strain on mental health providers, leading to longer wait times for screening and treatment. Therefore, the pandemic had a negative impact on the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
On the basis of age group, the 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) segment witnessed 55.4% revenue share in the market in 2023.
By setting, the mental health screening market is divided into clinical settings, educational institutions, workplace/corporate programs, online platforms, and others. The online platforms segment acquired 22.8% revenue share in the mental health screening market in 2023.
Based on technology, the market is segmented into self-screening mHealth apps, telehealth & virtual care solutions, continuous monitoring wearable devices, AI-based screening tools, and others. The continuous monitoring wearable devices segment witnessed 19.5% revenue share in the mental health screening market in 2023.
By screening method, the market is divided into self-reported questionnaires & surveys, clinical interviews, observation-based assessments, and biomarker testing. The clinical interviews segment procured a 30.9% growth rate in the market in 2023.
On the basis of application, the market is classified into physiological disorders, psychiatric disorders, behavioral disorders, and cognitive disorders. The cognitive disorders segment recorded 12.7% growth rate in the market in 2023.
The physiological disorders segment is further segmented into depression & anxiety, eating disorder, post-traumatic stress disorder (PTSD), bipolar disorder, and others. The eating disorder segment garnered 15.6% revenue share in the market in 2023.
The psychiatric disorders segment is further divided into attention deficit hyperactivity disorder (ADHD), psychotic disorder, dissociative disorder, obsessive compulsive disorder, schizophrenia, and others. The attention deficit hyperactivity disorder (ADHD) segment procured 35.2% revenue share in the market in 2023.
The cognitive disorders segment is divided into cognitive impairment, dementia, Alzheimer’s disease, and others. The cognitive impairment segment garnered a 31% growth rate in the market in 2023.
The behavioral disorders segment is further segmented into self-harm, aggression, sleep disorder, social withdrawal, dissociative disorder, hyperactivity, and others. The self-harm segment procured 27.8% revenue share in the market in 2023.
Free Valuable Insights: Global Mental Health Screening Market size to reach USD 2.4 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 29.7% growth rate in the market in 2023.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 932 Million |
| Market size forecast in 2031 | USD 2.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 12.5% from 2024 to 2031 |
| Number of Pages | 642 |
| Number of Tables | 1010 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Market Share Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Age Group, Setting, Technology, Screening Method, Application, Region |
| Country scope |
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| Companies Included | Proem Heath, Inc., SonderMind, Inc, ResMed, Inc., Headspace, Inc., Quartet Inc., Fitbit, Inc. (Google LLC), Sonde Health, Inc. (Puretech Health Plc), Koninklijke Philips N.V, Apple, Inc, Canary Speech, Inc |
By Age Group
By Setting
By Technology
By Screening Method
By Application
By Geography
This Market size is expected to reach $2.4 billion by 2031.
Increasing awareness and acceptance of mental disorders are driving the Market in coming years, however, Lack of trained professionals in mental health restraints the growth of the Market.
Proem Heath, Inc., SonderMind, Inc, ResMed, Inc., Headspace, Inc., Quartet Inc., Fitbit, Inc. (Google LLC), Sonde Health, Inc. (Puretech Health Plc), Koninklijke Philips N.V, Apple, Inc, Canary Speech, Inc
The expected CAGR of this Market is 12.5% from 2024 to 2031.
The Clinical Settings segment is leading the Market by Setting in 2023; thereby, achieving a market value of $1.3 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $887.2 million by 2031.
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