Mental Health - Serbia | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$33.53m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.63%, resulting in a market volume of US$36.35m 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$67.85 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 Serbia is experiencing significant growth and development, driven by various factors that are shaping the industry landscape. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the current state of the Mental Health market in Serbia.Customer preferences in the Mental Health market in Serbia are shifting towards a greater focus on mental well-being and self-care. There is a growing awareness and recognition of the importance of mental health, leading individuals to seek out services and products that can support their mental well-being. This includes a demand for therapy and counseling services, as well as products such as meditation apps and stress-relief tools. Additionally, there is an increasing interest in alternative and holistic approaches to mental health, such as mindfulness and yoga.Trends in the Mental Health market in Serbia are also influenced by global and regional developments. One significant trend is the integration of technology into mental health services. Digital platforms and telehealth solutions are becoming more prevalent, allowing individuals to access mental health support remotely. This trend has been accelerated by the COVID-19 pandemic, which has highlighted the need for remote healthcare services. Another trend is the destigmatization of mental health issues, with efforts being made to raise awareness and promote open discussions about mental health. This has led to an increased demand for mental health services and a willingness to seek help.Local special circumstances in Serbia also play a role in the development of the Mental Health market. The country has a high prevalence of mental health disorders, with a significant portion of the population experiencing anxiety, depression, and other conditions. This has created a demand for accessible and affordable mental health services. However, there are challenges in terms of limited resources and a shortage of mental health professionals. This has led to the emergence of innovative solutions, such as online therapy platforms and community-based support groups.Underlying macroeconomic factors contribute to the growth of the Mental Health market in Serbia. The country's economy has been steadily improving, leading to an increase in disposable income and a greater willingness to invest in mental health services. Additionally, the government has recognized the importance of mental health and has implemented policies and initiatives to support the sector. This includes the expansion of mental health services and the integration of mental health into primary healthcare.In conclusion, the Mental Health market in Serbia is experiencing growth and development due to shifting customer preferences, global and regional trends, local special circumstances, and underlying macroeconomic factors. The market is evolving to meet the increasing demand for mental health services and products, with a focus on technology, destigmatization, and accessibility. However, there are still challenges to be addressed, such as limited resources and a shortage of mental health professionals. Overall, the Mental Health market in Serbia is poised for further expansion as awareness and investment in mental health continue to grow.

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.