Mental Health - Haiti | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$11.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.20%, resulting in a market volume of US$12.37m 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$9.62 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 Haiti is experiencing significant growth and development, driven by various factors such as increasing awareness and recognition of mental health issues, changing customer preferences, and local special circumstances. Customer preferences in the Mental Health market in Haiti are shifting towards a greater emphasis on mental well-being and the importance of seeking professional help. As the stigma surrounding mental health gradually decreases, more individuals are seeking therapy and counseling services to address their mental health concerns. Additionally, there is a growing demand for alternative and holistic approaches to mental health treatment, such as yoga and meditation, which are gaining popularity among the Haitian population. Trends in the Mental Health market in Haiti include the establishment of more mental health clinics and facilities across the country. This expansion is driven by both local and international organizations that recognize the need for accessible mental health services in Haiti. Furthermore, there is a growing trend of incorporating technology into mental health services, with the introduction of telemedicine platforms and smartphone applications that connect individuals with mental health professionals remotely. These technological advancements are particularly beneficial in reaching individuals in rural areas who may have limited access to mental health services. Local special circumstances in Haiti contribute to the development of the Mental Health market. The country has a history of political instability and natural disasters, which have had a significant impact on the mental well-being of the population. These challenging circumstances have led to an increased recognition of the importance of mental health support and services. Additionally, Haiti has a young population, with a high proportion of individuals under the age of 25. This demographic represents a significant market for mental health services, as young people are increasingly seeking help for mental health concerns. Underlying macroeconomic factors, such as economic growth and increased government investment in healthcare, also contribute to the development of the Mental Health market in Haiti. As the country's economy improves, individuals have more disposable income to spend on healthcare services, including mental health. Furthermore, the government's commitment to improving healthcare infrastructure and services has resulted in increased accessibility and affordability of mental health services for the population. In conclusion, the Mental Health market in Haiti is experiencing growth and development due to changing customer preferences, the establishment of more mental health facilities, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, there is a greater emphasis on mental well-being and the importance of seeking professional help, along with the incorporation of technology and alternative approaches to mental health treatment.

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.