Mental Health - Bahrain | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$16.46m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.46%, resulting in a market volume of US$16.84m 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$107.40 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 Bahrain has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Mental Health market have shifted towards a greater emphasis on overall well-being and mental health. There is a growing awareness about the importance of mental health and its impact on personal and professional lives. As a result, individuals are increasingly seeking professional help and support to address their mental health issues. This has led to an increased demand for mental health services and products in Bahrain.Trends in the market indicate a growing adoption of technology in the delivery of mental health services. Telemedicine and online therapy platforms have gained popularity, allowing individuals to access mental health services from the comfort of their own homes. This trend has been further accelerated by the COVID-19 pandemic, which has increased the need for remote healthcare solutions. Additionally, there has been a rise in the use of mobile applications and wearable devices that help individuals track and manage their mental health.Local special circumstances in Bahrain have also contributed to the development of the Mental Health market. The government has recognized the importance of mental health and has taken steps to promote awareness and accessibility to mental health services. Initiatives such as the establishment of mental health clinics and the integration of mental health services into primary healthcare have been implemented to address the growing demand for mental health support.Underlying macroeconomic factors have also played a role in the growth of the Mental Health market in Bahrain. The country's strong economy and high per capita income have allowed individuals to invest in their mental well-being. Additionally, the increasing prevalence of mental health issues, such as anxiety and depression, has created a need for accessible and affordable mental health services.In conclusion, the Mental Health market in Bahrain is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The increased focus on mental health and well-being, the adoption of technology in the delivery of mental health services, government initiatives, and the prevalence of mental health issues have all contributed to the development of the market.

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.