Mental Health - D-A-CH

D-A-CH

Revenue in the Mental Health market is projected to reach US$1.68bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.35%, resulting in a market volume of US$1.71bn 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$164.00 are generated in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Mental Health market in D-A-CH is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Mental Health market in D-A-CH are shifting towards a greater focus on mental well-being and self-care. Customers are becoming more aware of the importance of mental health and are seeking out products and services that can help them maintain a healthy mind. This is reflected in the increasing demand for mental health apps, online therapy platforms, and mindfulness products. Additionally, there is a growing interest in holistic approaches to mental health, with customers seeking out alternative therapies such as acupuncture, yoga, and meditation. Trends in the market are also contributing to its development. One major trend is the integration of technology into mental health products and services. This includes the use of artificial intelligence and machine learning algorithms to personalize treatment plans and improve outcomes. Another trend is the rise of workplace mental health programs, as employers recognize the importance of supporting their employees' mental well-being. Additionally, there is a growing emphasis on destigmatizing mental health and increasing accessibility to mental health services. This has led to the expansion of teletherapy and online counseling platforms, making it easier for individuals to seek help from the comfort of their own homes. Local special circumstances in the D-A-CH region are also influencing the development of the Mental Health market. Germany, Switzerland, and Austria have well-established healthcare systems that prioritize mental health. This has led to increased government funding for mental health services and the establishment of specialized clinics and treatment centers. Additionally, the high prevalence of mental health disorders in the region has created a strong demand for mental health services. The D-A-CH region has some of the highest rates of depression and anxiety in Europe, driving the need for accessible and effective treatment options. Underlying macroeconomic factors are also contributing to the growth of the Mental Health market in D-A-CH. The region has a strong economy and high disposable income levels, allowing individuals to invest in their mental well-being. Additionally, the aging population in the region is increasing the demand for mental health services, as older individuals are more likely to experience mental health issues. Finally, the COVID-19 pandemic has had a significant impact on mental health, leading to increased awareness and demand for mental health services. This has further accelerated the growth of the Mental Health market in D-A-CH. Overall, the Mental Health market in D-A-CH is experiencing rapid growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As mental health continues to gain importance in society, the market is expected to continue its upward trajectory in the coming years.

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.