Mental Health - Denmark

Denmark

Revenue in the Mental Health market is projected to reach US$105.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.37%, resulting in a market volume of US$112.60m 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$187.00 are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Denmark is experiencing steady growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Mental Health market in Denmark are shifting towards a greater emphasis on holistic and preventive approaches to mental well-being. Customers are increasingly seeking out services and products that promote mental health and wellness, rather than solely focusing on treatment for mental illnesses. This shift is driven by a growing awareness of the importance of mental well-being and a desire for a more balanced and fulfilling lifestyle. Trends in the market reflect this customer preference for holistic and preventive approaches. There is a growing demand for services such as mindfulness and meditation programs, stress management workshops, and wellness retreats. These offerings provide individuals with tools and techniques to manage stress, improve resilience, and enhance overall mental well-being. Additionally, there is an increasing interest in alternative therapies such as acupuncture, herbal remedies, and energy healing, as customers seek out natural and non-invasive methods to support their mental health. Local special circumstances in Denmark also contribute to the development of the Mental Health market. Denmark has a strong welfare system that prioritizes mental health and provides accessible and affordable healthcare services. This supportive environment encourages individuals to seek help and treatment for mental health issues, leading to a higher demand for mental health services. Furthermore, Denmark has a high level of awareness and destigmatization surrounding mental health, which creates a more open and accepting culture for individuals to discuss and address their mental well-being. Underlying macroeconomic factors also play a role in the growth of the Mental Health market in Denmark. The country has a stable economy and a high standard of living, which allows individuals to prioritize their mental health and invest in mental wellness products and services. Additionally, the government has implemented policies and initiatives to promote mental health and well-being, such as workplace mental health programs and public education campaigns. These factors contribute to a favorable market environment for the Mental Health industry in Denmark. Overall, the Mental Health market in Denmark is experiencing growth and development driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards holistic and preventive approaches to mental well-being, the demand for mindfulness and alternative therapies, the supportive environment for mental health, and the stable economy all contribute to the positive trajectory 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.