Mental Health - Tunisia

Tunisia

Revenue in the Mental Health market is projected to reach US$26.14m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.14%, resulting in a market volume of US$27.66m 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$19.11 are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Tunisia is experiencing significant growth and development in recent years.

Customer preferences: Customers in Tunisia are increasingly seeking mental health services and treatments to address various mental health issues. There is a growing awareness and recognition of the importance of mental well-being, leading to a higher demand for mental health services. Additionally, customers are becoming more open and willing to seek professional help for mental health concerns, reducing the stigma associated with mental illness.

Trends in the market: One of the key trends in the Mental Health market in Tunisia is the increasing availability and accessibility of mental health services. The government has taken steps to improve mental health services by increasing funding and resources for mental health facilities. This has led to the establishment of more mental health clinics and hospitals across the country, making it easier for individuals to access the care they need.Another trend is the integration of technology in mental health services. Telemedicine and online therapy platforms have gained popularity, allowing individuals to receive mental health support remotely. This trend has been particularly beneficial in rural areas where access to mental health services may be limited.

Local special circumstances: Tunisia has a relatively young population, with a high prevalence of mental health issues among young people. The country has witnessed a rise in mental health problems such as anxiety, depression, and substance abuse among the youth population. This has led to a greater focus on providing mental health services tailored to the needs of young people, including specialized programs and support networks.

Underlying macroeconomic factors: Tunisia has experienced economic growth in recent years, which has contributed to the development of the Mental Health market. As the economy improves, individuals have more disposable income to spend on mental health services. This has led to an increase in private mental health clinics and facilities, offering a wider range of services and treatments.Furthermore, the government has recognized the importance of mental health in overall well-being and has made it a priority in healthcare policies. This has led to increased investment in mental health infrastructure and services, further driving the growth of the market.In conclusion, the Mental Health market in Tunisia is witnessing significant growth and development due to increasing customer preferences for mental health services, the availability of a wider range of services, and the integration of technology. The local special circumstances, such as the high prevalence of mental health issues among the youth population, have also contributed to the growth of the market. Additionally, underlying macroeconomic factors, including economic growth and government investment, have further fueled the development of the Mental Health market in Tunisia.

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.