Mental Health - Tanzania | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$19.94m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.37%, resulting in a market volume of US$20.31m 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$3.43 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 Tanzania is experiencing significant growth and development.

Customer preferences: In recent years, there has been a growing awareness and recognition of mental health issues in Tanzania. This has led to an increase in the demand for mental health services and treatments. Customers are seeking professional help and support to address their mental health concerns, and are willing to invest in their well-being. The stigma surrounding mental health is gradually diminishing, leading to more individuals seeking help and treatment.

Trends in the market: One of the key trends in the mental health market in Tanzania is the increasing availability and accessibility of mental health services. There has been a rise in the number of mental health clinics, hospitals, and specialized treatment centers across the country. This is driven by the growing demand for mental health services and the recognition of the importance of addressing mental health issues.Another trend in the market is the integration of technology in mental health services. Telemedicine and online therapy platforms are becoming more popular, allowing individuals to access mental health support remotely. This is particularly beneficial in a country like Tanzania, where access to mental health professionals may be limited in certain areas.

Local special circumstances: Tanzania faces unique challenges when it comes to mental health. The country has a shortage of mental health professionals, with a limited number of psychiatrists and psychologists available. This shortage can make it difficult for individuals to access the care they need, especially in rural areas. Additionally, there is a lack of awareness and understanding of mental health issues among the general population, which further contributes to the challenges in addressing mental health.

Underlying macroeconomic factors: The development of the mental health market in Tanzania is influenced by several macroeconomic factors. The country has been experiencing steady economic growth in recent years, leading to an increase in disposable income. This allows individuals to allocate more resources towards their mental health and well-being.Furthermore, the government has recognized the importance of mental health and has taken steps to improve mental health services in the country. This includes the implementation of policies and programs to address mental health issues and improve access to care. These initiatives have created a favorable environment for the growth of the mental health market in Tanzania.In conclusion, the Mental Health market in Tanzania is experiencing growth and development due to increasing customer preferences for mental health services, the availability of services and treatments, the integration of technology, and the government's recognition of the importance of mental health. However, there are still challenges to be addressed, such as the shortage of mental health professionals and the need for greater awareness and understanding of mental health issues.

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.