Mental Health - Morocco | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$65.94m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.44%, resulting in a market volume of US$67.41m 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$15.75 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 Morocco is experiencing significant growth and development due to a number of factors. Customer preferences are shifting towards a greater awareness and acceptance of mental health issues, leading to an increased demand for mental health services and products. Additionally, there are several trends in the market that are driving its growth.

Customer preferences: Customers in Morocco are becoming more aware of the importance of mental health and are seeking out services and products that can help them improve their mental well-being. There is a growing acceptance and understanding of mental health issues, leading to a decrease in stigma and an increase in demand for mental health services. Customers are also increasingly looking for personalized and holistic approaches to mental health, including therapies, counseling, and alternative treatments.

Trends in the market: One of the key trends in the Mental Health market in Morocco is the rise of digital mental health solutions. With the increasing use of smartphones and internet access, customers are turning to digital platforms for mental health support. This includes online therapy sessions, mental health apps, and virtual support groups. These digital solutions provide convenience and accessibility, especially in areas where access to mental health services may be limited.Another trend in the market is the integration of mental health services into primary healthcare. There is a growing recognition of the need to address mental health issues alongside physical health concerns. As a result, mental health services are being integrated into primary healthcare settings, making it easier for customers to access mental health support.

Local special circumstances: Morocco has a relatively young population, with a large percentage of the population under the age of 30. This demographic trend is driving the demand for mental health services, as young people are more likely to seek help for mental health issues. Additionally, the urbanization and modernization of Moroccan society have led to increased stress and pressure, contributing to the need for mental health support.

Underlying macroeconomic factors: Morocco's economy has been growing steadily in recent years, leading to an increase in disposable income and the ability to spend on mental health services. The government has also recognized the importance of mental health and has taken steps to improve access to mental health services. This includes increasing funding for mental health programs and initiatives.Overall, the Mental Health market in Morocco is experiencing growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The increased awareness and acceptance of mental health issues, along with the integration of mental health services into primary healthcare, are driving the demand for mental health services and products. With the continued growth of Morocco's economy and the government's commitment to improving mental health services, the market is expected to continue to 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.