Mental Health - Suriname

Suriname

Revenue in the Mental Health market is projected to reach US$1.79m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.11%, resulting in a market volume of US$1.80m 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$31.97 are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Suriname is experiencing significant development and growth.

Customer preferences: In Suriname, there is a growing demand for mental health services. This can be attributed to several factors such as increased awareness and understanding of mental health issues, changing societal attitudes towards seeking help for mental health problems, and the availability of more accessible and affordable mental health services.

Trends in the market: One of the key trends in the mental health market in Suriname is the increasing use of technology and telehealth services. This allows individuals to access mental health support remotely, which is particularly beneficial in a country like Suriname where there may be limited access to mental health professionals in certain areas. Telehealth services also provide a more convenient and flexible option for individuals who may have difficulty attending in-person appointments due to work or other commitments.Another trend in the market is the integration of mental health services into primary care settings. This approach recognizes the importance of addressing mental health issues alongside physical health concerns and ensures that individuals receive comprehensive care. By integrating mental health services into primary care, individuals can access mental health support in a familiar and accessible setting, reducing the stigma associated with seeking help for mental health problems.

Local special circumstances: Suriname is a culturally diverse country, with a population that includes various ethnic groups and indigenous communities. This diversity presents unique challenges and opportunities for the mental health market. Mental health services need to be culturally sensitive and tailored to meet the specific needs of different communities. This includes providing services in different languages, understanding cultural beliefs and practices, and addressing the impact of historical and intergenerational trauma.

Underlying macroeconomic factors: Suriname is experiencing economic growth, which has led to an increase in disposable income and a higher standard of living for many individuals. This has contributed to a greater focus on personal well-being, including mental health. As people have more financial resources, they are more willing to invest in their mental health and seek professional help when needed.Additionally, the government of Suriname has 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, training more mental health professionals, and implementing policies that promote mental health and well-being.In conclusion, the Mental Health market in Suriname is developing and growing due to increasing customer preferences for mental health services, the adoption of technology and telehealth services, the integration of mental health into primary care, the need for culturally sensitive services, and the underlying macroeconomic factors such as economic growth and government support.

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.