Mental Health - Estonia | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$15.04m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.10%, resulting in a market volume of US$15.88m 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$146.80 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 Estonia has been experiencing significant growth and development in recent years, driven by various factors such as increasing awareness and acceptance of mental health issues, growing demand for mental health services, and government initiatives to improve mental healthcare.

Customer preferences: Estonian customers have shown a growing preference for seeking professional help and support for mental health issues. There has been a shift in societal attitudes towards mental health, with more people recognizing the importance of seeking treatment and support. This has led to an increased demand for mental health services, including therapy, counseling, and psychiatric care.

Trends in the market: One of the key trends in the Estonian Mental Health market is the rising popularity of online mental health services. With the advancement of technology and the increasing accessibility of the internet, more people are turning to online platforms for mental health support. Online therapy platforms and mental health apps have gained traction in Estonia, offering convenience and anonymity to individuals seeking help.Another trend in the market is the integration of mental health services into primary healthcare settings. The Estonian government has recognized the need to improve access to mental healthcare and has implemented initiatives to integrate mental health services into primary care facilities. This approach aims to provide more comprehensive and accessible care to individuals with mental health issues.

Local special circumstances: Estonia has a high prevalence of mental health issues, with a significant proportion of the population experiencing conditions such as depression, anxiety, and substance abuse. This has created a pressing need for mental health services and support in the country. The government has acknowledged this need and has been actively working towards improving mental healthcare services and reducing the stigma associated with mental health.

Underlying macroeconomic factors: The growing Mental Health market in Estonia can also be attributed to favorable macroeconomic factors. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income and improved access to healthcare services. As a result, more individuals are able to afford mental health services and are willing to invest in their well-being.Furthermore, the Estonian government has made mental health a priority in its healthcare agenda, allocating resources and funding towards improving mental healthcare services. This commitment from the government has created a conducive environment for the growth and development of the Mental Health market in Estonia.In conclusion, the Mental Health market in Estonia is experiencing significant growth and development due to increasing awareness and acceptance of mental health issues, growing demand for mental health services, and government initiatives to improve mental healthcare. Customer preferences have shifted towards seeking professional help and support, with a growing preference for online mental health services. The integration of mental health services into primary healthcare settings and the high prevalence of mental health issues in the country are also contributing factors. Favorable macroeconomic factors, such as steady economic growth and government commitment to mental healthcare, have further facilitated 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.