Mental Health - Iran

  • Iran
  • Revenue in the Mental Health market is projected to reach US$165.60m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -8.55%, resulting in a market volume of US$105.90m 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$12.05 are generated in 2024.

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

 
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Analyst Opinion

The Mental Health market in Iran is experiencing significant growth and development due to various factors.

Customer preferences:
In recent years, there has been a growing awareness and acceptance of mental health issues among the Iranian population. This has led to an increased demand for mental health services and products. Customers are seeking out professional help and are more willing to invest in their mental well-being. There is also a shift in customer preferences towards more holistic and alternative approaches to mental health, such as meditation, yoga, and mindfulness practices.

Trends in the market:
One of the key trends in the Mental Health market in Iran is the rise of technology-based solutions. With the increasing penetration of smartphones and internet access, digital mental health platforms have gained popularity. These platforms offer online therapy sessions, mental health assessments, and self-help resources, providing convenient and accessible options for individuals seeking mental health support. Additionally, there is a growing demand for mental health apps that offer features like mood tracking, meditation exercises, and cognitive behavioral therapy techniques. Another trend in the market is the integration of mental health services into primary healthcare settings. This approach aims to reduce the stigma associated with seeking mental health treatment by providing services in a familiar and accessible environment. It also allows for early detection and intervention of mental health issues, leading to better outcomes for patients. This trend is supported by government initiatives to improve mental health services and increase the availability of trained mental health professionals in primary care settings.

Local special circumstances:
Iran has a relatively young population, with a large proportion of the population being under the age of 30. This demographic factor plays a significant role in the development of the Mental Health market. Younger individuals are more open to discussing mental health and seeking help, leading to increased demand for mental health services. Additionally, the high levels of stress and pressure faced by young Iranians, such as academic competition and job market challenges, contribute to the need for mental health support.

Underlying macroeconomic factors:
The improving economic conditions in Iran have also contributed to the growth of the Mental Health market. As the economy expands, individuals have more disposable income to spend on their well-being, including mental health services. This increased purchasing power allows for the development and expansion of private mental health clinics, therapy centers, and wellness retreats. Furthermore, the government's recognition of the importance of mental health and its commitment to improving healthcare infrastructure has created a favorable environment for the growth of the Mental Health market. In conclusion, the Mental Health market in Iran is experiencing significant growth and development due to increasing customer awareness and acceptance of mental health issues, the rise of technology-based solutions, the integration of mental health services into primary healthcare settings, the young demographic profile, and improving macroeconomic conditions. These factors are driving the demand for mental health services and products, creating opportunities for innovation and investment in 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.

Overview

  • Revenue
  • Patients
  • Analyst Opinion
  • Key Players
  • Burden of Disease
  • Global Comparison
  • Methodology
  • Key Market Indicators
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