Mental Health - Croatia

Croatia

Revenue in the Mental Health market is projected to reach US$27.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.71%, resulting in a market volume of US$28.39m by 2029.
In global comparison, most revenue will be generated in the United States (US$11,730.00m in 2024).
In relation to total population figures, per person revenues of US$92.35 are generated in 2024.

Key regions: United States, China, Japan, Canada, France

Market

Region

Region comparison

Currency

Analyst Opinion

The Mental Health market in Croatia is experiencing significant growth and development in recent years.

Customer preferences: Croatian customers are increasingly recognizing the importance of mental health and are seeking professional help to address their mental well-being. There is a growing awareness about the impact of mental health on overall quality of life, leading to a higher demand for mental health services and treatments. Customers are also showing a preference for personalized and holistic approaches to mental health, including therapy, counseling, and alternative treatments such as mindfulness and meditation.

Trends in the market: One of the key trends in the Croatian mental health market is the increasing availability and accessibility of mental health services. More mental health professionals, including psychologists and psychiatrists, are entering the market to meet the growing demand. This has resulted in reduced waiting times for appointments and improved access to services for individuals seeking help. Additionally, there is a growing trend towards online mental health services, with teletherapy and virtual counseling becoming more popular among customers.Another trend in the market is the integration of mental health services into primary healthcare settings. This approach aims to provide early intervention and support for individuals with mental health issues, ensuring that they receive timely and appropriate treatment. The integration of mental health services into primary care not only improves access to mental health support but also reduces the stigma associated with seeking help for mental health issues.

Local special circumstances: Croatia has a unique set of circumstances that contribute to the development of the mental health market. The country has a high prevalence of mental health disorders, including depression and anxiety, which has created a significant need for mental health services. Additionally, Croatia has a rapidly aging population, which is more likely to experience mental health issues such as dementia and Alzheimer's disease. This demographic trend further drives the demand for mental health services and specialized care for the elderly.

Underlying macroeconomic factors: The development of the mental health market in Croatia is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, resulting in increased disposable income among the population. This has allowed individuals to allocate more resources towards their mental well-being and seek professional help when needed. Furthermore, the government has recognized the importance of mental health and has implemented policies and initiatives to support the development of mental health services in the country.In conclusion, the Mental Health market in Croatia is experiencing growth and development due to increasing customer awareness and preferences, as well as favorable macroeconomic factors. The market is witnessing trends such as the availability of more mental health services, integration into primary healthcare, and the rise of online mental health services. The unique local circumstances, including a high prevalence of mental health disorders and an aging population, further contribute to the development of the market.

Methodology

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.