Mental Health - Malta | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$17.13m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.09%, resulting in a market volume of US$19.95m 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$292.20 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 Malta is experiencing significant growth due to increasing customer preferences for mental health services, as well as global and regional trends in the market. Customer preferences for mental health services have been shifting in recent years, with a growing recognition of the importance of mental well-being. In Malta, customers are increasingly seeking out professional help for mental health issues, such as anxiety, depression, and stress. This is partly driven by a greater awareness and understanding of mental health conditions, as well as a reduced stigma surrounding seeking help for mental health concerns. Trends in the market indicate a growing demand for a wide range of mental health services in Malta. This includes traditional forms of therapy, such as counseling and psychotherapy, as well as alternative treatments like mindfulness and meditation. Additionally, there is a growing interest in holistic approaches to mental health, which incorporate physical activity, nutrition, and lifestyle changes. These trends are in line with global and regional patterns, as the importance of mental health is increasingly recognized worldwide.In Malta, there are also local special circumstances that contribute to the development of the Mental Health market. The small size of the country and its close-knit community create a unique environment for mental health services. Customers in Malta may have more access to personalized and community-oriented care, as well as a greater sense of support and understanding from their social networks. Additionally, the country's strong emphasis on healthcare and social welfare may contribute to a more supportive environment for mental health services.Underlying macroeconomic factors also play a role in the development of the Mental Health market in Malta. A stable economy and a relatively high standard of living provide customers with the financial means to seek out mental health services. Additionally, the government's investment in healthcare and social welfare programs may contribute to increased access to mental health services for a broader range of customers. Overall, the Mental Health market in Malta is experiencing growth due to shifting customer preferences, global and regional trends, local special circumstances, and underlying macroeconomic factors. As the importance of mental well-being continues to be recognized, the market is likely to continue expanding 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.