Mental Health - Southeast Asia | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$1.45bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.41%, resulting in a market volume of US$1.48bn 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$33.01 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 Southeast Asia has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the region have shifted towards seeking professional help for mental health issues. In the past, mental health was often stigmatized and considered a taboo topic. However, increased awareness and education about mental health have led to a greater acceptance and recognition of the importance of seeking help. As a result, more individuals in Southeast Asia are actively seeking out mental health services and treatment options.Trends in the market indicate a growing demand for telehealth and online mental health services. This can be attributed to several factors, including the increasing use of technology and the convenience it offers. Many individuals in Southeast Asia have access to smartphones and the internet, making it easier for them to connect with mental health professionals remotely. Additionally, the COVID-19 pandemic has accelerated the adoption of telehealth services, as people have been encouraged to stay at home and limit in-person interactions.Local special circumstances in Southeast Asia, such as high levels of stress and pressure in the workplace, have also contributed to the growth of the mental health market. The region is known for its fast-paced and competitive business environment, which can take a toll on individuals' mental well-being. As a result, there is a growing demand for mental health services that address work-related stress and burnout.Underlying macroeconomic factors, such as economic growth and increasing disposable incomes, have also played a role in the development of the mental health market in Southeast Asia. As economies in the region continue to grow, individuals have more financial resources to allocate towards their mental well-being. This has led to an increased willingness to invest in mental health services and treatments.In conclusion, the Mental Health market in Southeast Asia is experiencing growth due to changing customer preferences, emerging trends in telehealth and online services, local special circumstances such as workplace stress, and underlying macroeconomic factors. As the region continues to develop and prioritize mental health, the market is expected to expand further 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.