Mental Health - Eastern Africa | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$162.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.39%, resulting in a market volume of US$165.60m 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$4.16 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 Eastern Africa is experiencing significant growth and development.

Customer preferences: Customers in Eastern Africa are increasingly recognizing the importance of mental health and seeking professional help for their mental well-being. There is a growing awareness about mental health issues and a shift in attitudes towards seeking treatment. This change in customer preferences is driving the demand for mental health services in the region.

Trends in the market: One of the key trends in the mental health market in Eastern Africa is the increasing availability and accessibility of mental health services. There has been a rise in the number of mental health clinics, hospitals, and specialized facilities offering a wide range of services including counseling, therapy, and psychiatric treatment. This trend is driven by the growing demand for mental health services and the recognition of the need to address mental health issues in the region.Another trend in the market is the integration of technology into mental health services. Telemedicine and online counseling platforms are gaining popularity, especially in rural areas where access to mental health professionals is limited. These platforms provide a convenient and cost-effective way for individuals to seek help and receive treatment for their mental health issues.

Local special circumstances: Eastern Africa faces unique challenges in addressing mental health issues. One of the key challenges is the stigma associated with mental illness. Many people in the region still view mental health problems as a sign of weakness or a result of supernatural forces. This stigma often prevents individuals from seeking help and accessing the necessary treatment. To address this issue, there is a need for increased awareness and education about mental health to reduce the stigma and encourage people to seek help.

Underlying macroeconomic factors: The development of the mental health market in Eastern Africa is also influenced by underlying macroeconomic factors. The region has been experiencing steady economic growth, which has led to an increase in disposable income and improved access to healthcare services. As people's incomes rise, they are more likely to prioritize their mental well-being and allocate resources towards mental health services.Furthermore, the government and international organizations are recognizing the importance of mental health and investing in the development of mental health infrastructure and services. This includes funding for training mental health professionals, establishing mental health clinics, and implementing mental health policies and programs. These investments are expected to further drive the growth of the mental health market in Eastern Africa.In conclusion, the Mental Health market in Eastern Africa is experiencing growth and development due to changing customer preferences, increasing availability of mental health services, the integration of technology, unique local circumstances, and underlying macroeconomic factors. The region is witnessing a shift in attitudes towards mental health and a growing recognition of the need to address mental health issues. The development of the mental health market is expected to continue as awareness increases, stigma decreases, and investments in mental health infrastructure and services continue to be made.

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.