Mental health encompasses cognitive and emotional wellbeing. As per the WHO, mental health is a state of wellbeing in which an individual can cope up with day to day stress of life and can work productively. Many factors contribute to a person’s mental health, including Biological, life trauma, and family history. Growing cases of anxiety, depression, and suicide have increased concerns regarding mental health worldwide; therefore, augmenting demand for mental health pharmaceuticals and related therapies. For instance, mental and neurological disorders account for 10% of the global disease burden, the WHO.
MARKET DYNAMICS
The mental health market is anticipated to grow in the forecast period owing to the increasing elderly population, government initiatives to increase mental health awareness, and the growing number of people seeking professional help. Moreover, digital mental therapeutics, strategic mergers, and acquisitions by the market players are likely to create opportunities during the forecast period. For instance, recently, in September 2016, Sanofi partnered with Happify Health to improve the mental health of multiple sclerosis through an App. The aim is to maximize MS patient’s health along with medication.
MARKET SCOPE
The "Global Mental Health Market Analysis to 2028" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mental health market with detailed market segmentation by type, treatment, and geography. The global mental health market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mental health market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mental health market is segmented on the basis of type and treatment. Based on type, the market is segmented as anxiety disorders, substance abuse disorders, mood disorder and others (insomnia, binge eating disorder). Based on treatment, the market is segmented as somatic, psychotherapeutic, and others. The somatic treatment segment is further subdivided into medication, drug therapy, complementary & alternative medicine, and electroconvulsive therapy. Psychotherapeutic treatments are further categorized into cognitive behavioral therapy (CBT), interpersonal therapy, marital psychotherapy, peer support, hypnotherapy, and behavior therapy techniques. Other types include hospitalization, case management, self-help plan, and art therapy.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mental health market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Mental health market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the Mental health market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the mental health market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mental health market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Mental health market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trends and opportunities prevailing in the region.
The report analyzes factors affecting the Mental health market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the mental health market in these regions.
MARKET PLAYERS
The report covers key developments in the mental health market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for an expansion of business and customer base of market players. The market players from the mental health market are anticipated to lucrative growth opportunities in the future with the rising demand for the mental health market in the global market. Below mentioned is the list of few companies engaged in the mental health market.
The report also includes the profiles of key mental health market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, key development in the past five years.
- Allergan
- AstraZeneca
- Bristol-Myers Squibb Company
- Wyeth LLC
- Biogen
- Otsuka Pharmaceutical Co., Ltd.
- Janssen Pharmaceutica N.V.
- Eli Lilly and Company
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mental Health Market - By Type
1.3.2 Mental Health Market - By Treatment
1.3.3 Mental Health Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MENTAL HEALTH MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MENTAL HEALTH MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MENTAL HEALTH MARKET - GLOBAL MARKET ANALYSIS
6.1. MENTAL HEALTH - GLOBAL MARKET OVERVIEW
6.2. MENTAL HEALTH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MENTAL HEALTH MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANXIETY DISORDERS
7.3.1. Overview
7.3.2. Anxiety Disorders Market Forecast and Analysis
7.4. SUBSTANCE ABUSE DISORDERS
7.4.1. Overview
7.4.2. Substance Abuse Disorders Market Forecast and Analysis
7.5. MOOD DISORDER
7.5.1. Overview
7.5.2. Mood Disorder Market Forecast and Analysis
7.6. OTHER
7.6.1. Overview
7.6.2. Other Market Forecast and Analysis
8. MENTAL HEALTH MARKET - REVENUE AND FORECASTS TO 2028 - TREATMENT
8.1. OVERVIEW
8.2. TREATMENT MARKET FORECASTS AND ANALYSIS
8.3. SOMATIC TREATMENTS
8.3.1. Overview
8.3.2. Somatic Treatments Market Forecast and Analysis
8.3.3. Medication Market
8.3.3.1. Overview
8.3.3.2. Medication Market Forecast and Analysis
8.3.4. Drug Therapy Market
8.3.4.1. Overview
8.3.4.2. Drug Therapy Market Forecast and Analysis
8.3.5. Complementary and Alternative Medicine Market
8.3.5.1. Overview
8.3.5.2. Complementary and Alternative Medicine Market Forecast and Analysis
8.3.6. Electroconvulsive Therapy Market
8.3.6.1. Overview
8.3.6.2. Electroconvulsive Therapy Market Forecast and Analysis
8.4. PSYCHOTHERAPEUTIC TREATMENTS
8.4.1. Overview
8.4.2. Psychotherapeutic Treatments Market Forecast and Analysis
8.4.3. Cognitive Behavioral Therapy (CBT) Market
8.4.3.1. Overview
8.4.3.2. Cognitive Behavioral Therapy (CBT) Market Forecast and Analysis
8.4.4. Interpersonal Therapy Market
8.4.4.1. Overview
8.4.4.2. Interpersonal Therapy Market Forecast and Analysis
8.4.5. Marital Psychotherapy Market
8.4.5.1. Overview
8.4.5.2. Marital Psychotherapy Market Forecast and Analysis
8.4.6. Peer Support Market
8.4.6.1. Overview
8.4.6.2. Peer Support Market Forecast and Analysis
8.4.7. Hypnotherapy Market
8.4.7.1. Overview
8.4.7.2. Hypnotherapy Market Forecast and Analysis
8.4.8. Behavior Therapy Techniques Market
8.4.8.1. Overview
8.4.8.2. Behavior Therapy Techniques Market Forecast and Analysis
9. MENTAL HEALTH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mental Health Market Overview
9.1.2 North America Mental Health Market Forecasts and Analysis
9.1.3 North America Mental Health Market Forecasts and Analysis - By Type
9.1.4 North America Mental Health Market Forecasts and Analysis - By Treatment
9.1.5 North America Mental Health Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mental Health Market
9.1.5.1.1 United States Mental Health Market by Type
9.1.5.1.2 United States Mental Health Market by Treatment
9.1.5.2 Canada Mental Health Market
9.1.5.2.1 Canada Mental Health Market by Type
9.1.5.2.2 Canada Mental Health Market by Treatment
9.1.5.3 Mexico Mental Health Market
9.1.5.3.1 Mexico Mental Health Market by Type
9.1.5.3.2 Mexico Mental Health Market by Treatment
9.2. EUROPE
9.2.1 Europe Mental Health Market Overview
9.2.2 Europe Mental Health Market Forecasts and Analysis
9.2.3 Europe Mental Health Market Forecasts and Analysis - By Type
9.2.4 Europe Mental Health Market Forecasts and Analysis - By Treatment
9.2.5 Europe Mental Health Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mental Health Market
9.2.5.1.1 Germany Mental Health Market by Type
9.2.5.1.2 Germany Mental Health Market by Treatment
9.2.5.2 France Mental Health Market
9.2.5.2.1 France Mental Health Market by Type
9.2.5.2.2 France Mental Health Market by Treatment
9.2.5.3 Italy Mental Health Market
9.2.5.3.1 Italy Mental Health Market by Type
9.2.5.3.2 Italy Mental Health Market by Treatment
9.2.5.4 Spain Mental Health Market
9.2.5.4.1 Spain Mental Health Market by Type
9.2.5.4.2 Spain Mental Health Market by Treatment
9.2.5.5 United Kingdom Mental Health Market
9.2.5.5.1 United Kingdom Mental Health Market by Type
9.2.5.5.2 United Kingdom Mental Health Market by Treatment
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mental Health Market Overview
9.3.2 Asia-Pacific Mental Health Market Forecasts and Analysis
9.3.3 Asia-Pacific Mental Health Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Mental Health Market Forecasts and Analysis - By Treatment
9.3.5 Asia-Pacific Mental Health Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mental Health Market
9.3.5.1.1 Australia Mental Health Market by Type
9.3.5.1.2 Australia Mental Health Market by Treatment
9.3.5.2 China Mental Health Market
9.3.5.2.1 China Mental Health Market by Type
9.3.5.2.2 China Mental Health Market by Treatment
9.3.5.3 India Mental Health Market
9.3.5.3.1 India Mental Health Market by Type
9.3.5.3.2 India Mental Health Market by Treatment
9.3.5.4 Japan Mental Health Market
9.3.5.4.1 Japan Mental Health Market by Type
9.3.5.4.2 Japan Mental Health Market by Treatment
9.3.5.5 South Korea Mental Health Market
9.3.5.5.1 South Korea Mental Health Market by Type
9.3.5.5.2 South Korea Mental Health Market by Treatment
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mental Health Market Overview
9.4.2 Middle East and Africa Mental Health Market Forecasts and Analysis
9.4.3 Middle East and Africa Mental Health Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Mental Health Market Forecasts and Analysis - By Treatment
9.4.5 Middle East and Africa Mental Health Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mental Health Market
9.4.5.1.1 South Africa Mental Health Market by Type
9.4.5.1.2 South Africa Mental Health Market by Treatment
9.4.5.2 Saudi Arabia Mental Health Market
9.4.5.2.1 Saudi Arabia Mental Health Market by Type
9.4.5.2.2 Saudi Arabia Mental Health Market by Treatment
9.4.5.3 U.A.E Mental Health Market
9.4.5.3.1 U.A.E Mental Health Market by Type
9.4.5.3.2 U.A.E Mental Health Market by Treatment
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mental Health Market Overview
9.5.2 South and Central America Mental Health Market Forecasts and Analysis
9.5.3 South and Central America Mental Health Market Forecasts and Analysis - By Type
9.5.4 South and Central America Mental Health Market Forecasts and Analysis - By Treatment
9.5.5 South and Central America Mental Health Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mental Health Market
9.5.5.1.1 Brazil Mental Health Market by Type
9.5.5.1.2 Brazil Mental Health Market by Treatment
9.5.5.2 Argentina Mental Health Market
9.5.5.2.1 Argentina Mental Health Market by Type
9.5.5.2.2 Argentina Mental Health Market by Treatment
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MENTAL HEALTH MARKET, KEY COMPANY PROFILES
11.1. GlaxoSmithKline plc
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ASTRAZENECA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BRISTOL-MYERS SQUIBB COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PFIZER INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BIOGEN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OTSUKA PHARMACEUTICAL CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JANSSEN PHARMACEUTICA N.V.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ELI LILLY AND COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. F. HOFFMANN-LA ROCHE LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. GLENMARK PHARMACEUTICAL INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allergan
2. AstraZeneca
3. Bristol-Myers Squibb Company
4. Wyeth LLC
5. Biogen
6. Otsuka Pharmaceutical Co., Ltd.
7. Janssen Pharmaceutica N.V.
8. Eli Lilly and Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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