Mental Health - Europe | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$10.37bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.93%, resulting in a market volume of US$10.86bn 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$138.40 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 Europe is witnessing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this growth.Customer preferences play a crucial role in the development of the Mental Health market in Europe. There is an increasing awareness and recognition of mental health issues among the general population. People are more willing to seek help and support for their mental well-being, leading to a higher demand for mental health services. Additionally, there is a growing preference for personalized and holistic approaches to mental health, including therapy, counseling, and alternative treatments. This shift in customer preferences has created opportunities for new players in the market and has also encouraged existing providers to expand their services.Trends in the market further contribute to the growth of the Mental Health market in Europe. Technology has played a significant role in transforming the way mental health services are delivered. The rise of telemedicine and digital platforms has made mental health support more accessible and convenient for individuals. Online therapy and counseling services have gained popularity, allowing people to receive support from the comfort of their own homes. Furthermore, there is an increasing focus on workplace mental health, with companies implementing employee assistance programs and mental health initiatives to support their workforce. These trends have opened up new avenues for growth and innovation in the market.Local special circumstances also impact the development of the Mental Health market in Europe. Each country within Europe has its own unique healthcare system and cultural attitudes towards mental health. Some countries have a more advanced mental health infrastructure, with well-established public and private providers. These countries may experience a higher demand for specialized mental health services and innovative treatments. On the other hand, countries with limited mental health resources may face challenges in meeting the growing demand for services. These local circumstances shape the dynamics of the market and influence the availability and accessibility of mental health support.Underlying macroeconomic factors also play a role in the development of the Mental Health market in Europe. Economic growth and stability contribute to increased healthcare spending, including mental health services. Countries with robust economies and higher per capita income levels are likely to invest more in mental health infrastructure and support. Additionally, government policies and regulations can influence the growth of the market. For example, increased funding for mental health research and initiatives can drive innovation and expansion in the market. Furthermore, changing demographics, such as an aging population, can create new opportunities and challenges for mental health providers.In conclusion, the Mental Health market in Europe is experiencing growth and development driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The increasing awareness and acceptance of mental health issues, along with the adoption of technology and changing workplace dynamics, are shaping the market. Each country within Europe has its own unique circumstances that influence the availability and accessibility of mental health services. Furthermore, macroeconomic factors such as economic growth and government policies play a role in driving the market forward. Overall, the Mental Health market in Europe is poised for continued growth and innovation in the coming years.

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.