Mental Health - Mauritius

Mauritius

Revenue in the Mental Health market is projected to reach US$6.92m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.73%, resulting in a market volume of US$6.67m 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$73.94 are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Mauritius has been experiencing significant growth in recent years.

Customer preferences: Mauritians are becoming more aware of the importance of mental health and are seeking professional help to address their mental well-being. There is a growing demand for mental health services, including therapy, counseling, and psychiatric treatment. This is driven by a shift in societal attitudes towards mental health, with a greater emphasis on self-care and overall well-being. Additionally, the younger generation in Mauritius is more open to discussing mental health issues and seeking help, which has contributed to the increasing demand for mental health services.

Trends in the market: One of the key trends in the Mental Health market in Mauritius is the rise of online therapy and telehealth services. This trend has been accelerated by the COVID-19 pandemic, which has limited in-person interactions and increased the need for remote mental health support. Online therapy provides convenience and accessibility to individuals who may not have easy access to mental health services in their local area. It also allows individuals to receive therapy from the comfort of their own homes, which can be particularly beneficial for those with mobility issues or social anxieties.Another trend in the market is the integration of traditional and alternative therapies. Many individuals in Mauritius are seeking a holistic approach to mental health, combining traditional therapy with alternative treatments such as yoga, meditation, and mindfulness. This trend reflects a growing interest in holistic well-being and a recognition that mental health is influenced by various factors, including physical, emotional, and spiritual aspects.

Local special circumstances: Mauritius is a multicultural society with diverse beliefs and practices. This diversity is reflected in the Mental Health market, with a range of therapeutic approaches and treatment options available. Mental health professionals in Mauritius are sensitive to cultural differences and strive to provide culturally appropriate care. This includes understanding and respecting cultural beliefs, values, and practices that may influence an individual's mental health.

Underlying macroeconomic factors: The growing Mental Health market in Mauritius is also influenced by several macroeconomic factors. The country has experienced economic growth in recent years, leading to an increase in disposable income and the ability to afford mental health services. Additionally, the government has recognized the importance of mental health and has taken steps to improve access to mental health services. This includes the establishment of mental health clinics and the training of more mental health professionals.In conclusion, the Mental Health market in Mauritius is experiencing growth due to changing customer preferences, including a greater awareness of mental health and a willingness to seek professional help. The market is characterized by trends such as the rise of online therapy and the integration of traditional and alternative therapies. Local special circumstances, including cultural diversity, also play a role in shaping the market. Overall, the market is supported by underlying macroeconomic factors, including economic growth and government initiatives to improve access to mental health services.

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.