Mental Health - Benelux | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$700.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.63%, resulting in a market volume of US$722.90m 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$222.40 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 Benelux has been experiencing significant growth in recent years.

Customer preferences: Customers in Benelux have shown a growing interest in mental health services and products. This can be attributed to several factors, including increasing awareness and acceptance of mental health issues, as well as a greater emphasis on overall well-being. Customers are seeking out a wide range of services, including therapy, counseling, and medication, as well as self-help tools and resources. They are also increasingly looking for personalized and holistic approaches to mental health, such as mindfulness and meditation practices.

Trends in the market: One of the key trends in the Benelux Mental Health market is the rise of digital mental health solutions. Customers are increasingly turning to online platforms and mobile applications for convenient and accessible mental health support. These digital solutions offer a range of services, from therapy sessions conducted via video calls to self-help apps that provide tools for managing stress and anxiety. The COVID-19 pandemic has further accelerated the adoption of digital mental health services, as people have sought alternative ways to access support during lockdowns and social distancing measures.Another trend in the market is the integration of mental health services into primary care settings. This approach aims to address the stigma associated with seeking mental health support by making it a routine part of overall healthcare. By integrating mental health services into primary care, customers can access support more easily and receive timely interventions. This trend is supported by the growing recognition of the link between mental and physical health, as well as the importance of early intervention in managing mental health conditions.

Local special circumstances: In the Benelux region, there is a strong emphasis on social welfare and healthcare. The governments in Belgium, the Netherlands, and Luxembourg have implemented policies and initiatives to support mental health and well-being. This includes funding for mental health services, awareness campaigns, and the integration of mental health into healthcare systems. The strong commitment to mental health at the policy level has created a favorable environment for the growth of the market.

Underlying macroeconomic factors: The growth of the Mental Health market in Benelux can also be attributed to underlying macroeconomic factors. The region has a high GDP per capita, which enables customers to afford mental health services and products. Additionally, the high level of education and awareness in Benelux has contributed to the demand for mental health support. The region's strong healthcare infrastructure and access to healthcare professionals also play a role in the growth of the market.In conclusion, the Mental Health market in Benelux is experiencing significant growth due to increasing customer preferences for mental health services, the rise of digital solutions, the integration of mental health into primary care, and the favorable policy environment. The underlying macroeconomic factors, such as high GDP per capita and strong healthcare infrastructure, further support the growth 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.