Mental Health - Ukraine | Statista Market Forecast

Revenue in the Mental Health market is projected to reach US$133.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.43%, resulting in a market volume of US$143.40m 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$42.38 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 Ukraine is experiencing significant development and growth due to several key factors.

Customer preferences: In recent years, there has been a growing awareness and recognition of mental health issues in Ukraine. People are increasingly seeking professional help and support for their mental well-being. This shift in customer preferences is driven by a combination of factors, including increased stress levels, changing societal attitudes towards mental health, and improved access to information and resources. As a result, there is a growing demand for mental health services and treatments in the country.

Trends in the market: One of the key trends in the Mental Health market in Ukraine is the adoption of online platforms and telemedicine for mental health consultations and therapy. This trend has been accelerated by the COVID-19 pandemic, which has limited in-person interactions and increased the need for remote healthcare services. Online platforms provide convenience and accessibility for individuals seeking mental health support, particularly in rural areas where access to mental health professionals may be limited. Additionally, there is a growing trend towards holistic approaches to mental health, with an emphasis on mindfulness, meditation, and other alternative therapies.

Local special circumstances: Ukraine has a unique set of circumstances that contribute to the development of the Mental Health market. The country has a history of political and economic instability, which has had a significant impact on the mental well-being of its population. Additionally, the ongoing conflict in eastern Ukraine has further exacerbated mental health issues, with many individuals experiencing trauma and post-traumatic stress disorder (PTSD). These special circumstances have created a greater need for mental health services and support in the country.

Underlying macroeconomic factors: The development of the Mental Health market in Ukraine is also influenced by underlying macroeconomic factors. The country has experienced economic growth in recent years, which has led to an increase in disposable income and a higher standard of living for many Ukrainians. This has made mental health services more affordable and accessible to a larger portion of the population. Additionally, the government has recognized the importance of mental health and has implemented policies and initiatives to support the sector. These factors have created a favorable environment for the growth of the Mental Health market in Ukraine.In conclusion, the Mental Health market in Ukraine is developing and growing due to increasing customer preferences for mental health support, the adoption of online platforms and telemedicine, local special circumstances such as political instability and conflict, and underlying macroeconomic factors such as economic growth and government support. These factors are driving the demand for mental health services and treatments in the country, and the market is expected to continue to expand 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.