Mental Health - APAC | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$9.59bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.10%, resulting in a market volume of US$10.13bn by 2029.
In global comparison, most revenue will be generated United States (US$11.73bn in 2024).
In relation to total population figures, per person revenues of US$36.09 are generated in 2024.

Mental health disorders are common illnesses found among people all over the world. These disorders are caused by a variety of genetic and environmental factors that cause imbalances in a person's physical and emotional behavior. Most mental health disorders can be treated with behavioral and psychotherapies. In some cases, however, medication is prescribed along with these treatments. The Mental Health market represents the market for the drugs that are used to treat various mild to serious mental health disorders. The market is divided into three markets that have been based on the disorders that are being treated. This includes depressive disorders, anxiety and related sleeping disorders, and different types of psychotic disorders.

Market values represent the revenues generated by manufacturers and are based on retail prices for each drug category including all drugs, regardless of whether they are reimbursed or not.

Company examples: Pfizer, Bristol-Myers Squibb, Johnson & Johnson, AbbVie, and Sumitomo pharma

Anxiolytic drugs
Antidepressant drugs
Antipsychotic drugs

Eating disorders
Trauma-related disorders
Substance abuse
Various types of therapy treatments

The Mental Health market in APAC is experiencing significant growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.Customer preferences in the APAC region have shifted towards a greater focus on mental health and well-being. With increasing awareness and understanding of mental health issues, individuals are seeking out more accessible and comprehensive mental health services. This includes a demand for a wide range of treatment options, including therapy, counseling, medication, and alternative therapies. Additionally, there is a growing preference for personalized and holistic approaches to mental health care, with a focus on prevention and self-care.One of the key trends in the APAC Mental Health market is the adoption of technology and digital solutions. The region has witnessed a rapid increase in the use of telehealth and online platforms for mental health consultations and therapy sessions. This trend is driven by the need for convenient and accessible mental health services, especially in remote areas where access to traditional healthcare facilities may be limited. Furthermore, the use of mobile apps and wearable devices for mental health monitoring and self-management has gained popularity among individuals seeking to track and improve their mental well-being.Another trend in the APAC Mental Health market is the integration of mental health services into primary healthcare settings. This approach aims to reduce the stigma associated with mental health and improve access to care by making it more readily available in community settings. By integrating mental health services into primary care, individuals can receive early intervention and support, leading to better outcomes and reduced healthcare costs in the long run.Local special circumstances in the APAC region also contribute to the development of the Mental Health market. For example, in countries like Japan and South Korea, where there is a high prevalence of work-related stress and burnout, there is a growing demand for mental health services that specifically address workplace issues. This includes programs and interventions aimed at improving work-life balance, stress management, and mental resilience.Underlying macroeconomic factors, such as rapid urbanization, population aging, and economic growth, also play a role in the development of the Mental Health market in APAC. Urbanization and population aging contribute to increased stress levels and mental health challenges, creating a greater demand for mental health services. Economic growth, on the other hand, leads to higher disposable incomes and increased healthcare spending, allowing individuals to invest more in their mental well-being.In conclusion, the Mental Health market in APAC is experiencing growth and development driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards a greater focus on mental health and well-being, the adoption of technology and digital solutions, the integration of mental health services into primary care, and the specific needs of local populations all contribute to the expansion of the market in the region.

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Despite what some may think, mental health problems are common in the United States and around the world. Mental health issues, much like other health issues, can be mild, but can also be life altering, affecting the emotional, social, and psychological well-being of the person. Common types of mental illness include mood disorders, anxiety disorders, eating disorders, and personality disorders. Although symptoms of mental illness differ depending on the type of illness and seriousness of the problem, common symptoms of mental health issues include changes in sleeping and eating habits, social withdrawal, feelings of hopelessness, anger, and prolonged sadness, suicidal thoughts, and substance abuse. In 2022, it was estimated that around 36 percent of those in the U.S. aged 18 to 25 years and 29 percent of those aged 26 to 49 years suffered from some form of mental illness in the past year.