Mental Health - Mexico | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$566.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.55%, resulting in a market volume of US$581.90m 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$53.45 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 Mexico 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 in Mexico. This has led to an increased demand for mental health services and treatments. Customers are seeking professional help to address their mental health concerns and improve their overall well-being. There is also a preference for holistic approaches that focus on both the mind and body, such as therapy, meditation, and alternative treatments.

Trends in the market: One major trend in the Mental Health market in Mexico is the increasing availability and accessibility of mental health services. More mental health clinics, hospitals, and specialized centers have been established to meet the growing demand. Teletherapy and online counseling services have also gained popularity, providing convenient and remote access to mental health professionals. Additionally, there is a growing trend of incorporating mental health services into primary care settings, making it easier for individuals to seek help.Another trend is the integration of technology into mental health treatments. Mobile applications and digital platforms are being developed to provide mental health support, self-help tools, and resources. These technological advancements have made it easier for individuals to track their mental health, access information, and connect with professionals.

Local special circumstances: Mexico faces unique challenges when it comes to mental health. The country has a high prevalence of mental health disorders, including depression and anxiety. These disorders are often associated with the stress and pressure of modern life, as well as socio-economic factors such as poverty and inequality. The stigma surrounding mental health issues also poses a challenge, as many individuals may be reluctant to seek help due to fear of discrimination or social judgment.

Underlying macroeconomic factors: Mexico's growing economy and rising middle class have contributed to the development of the Mental Health market. As individuals have more disposable income, they are able to afford mental health services and treatments. Additionally, the government has recognized the importance of mental health and has taken steps to improve access to care. This includes the implementation of mental health policies, the expansion of mental health services in public healthcare facilities, and the integration of mental health into primary care.In conclusion, the Mental Health market in Mexico is experiencing growth and development due to increasing customer preferences for professional help, holistic approaches, and technological advancements. The availability and accessibility of mental health services have improved, and the government has taken steps to address the unique challenges faced by the country. With continued focus on mental health awareness and support, the market is expected to further expand 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.