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UnivDatos Market Insights by 2028

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  • UnivDatos Market Insights by 2028

    A comprehensive overview of the India mental health market is recently added by UnivDatos Market Insights to its humongous database. The India mental health market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the mental health market. The mental health market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the mental health market at the regional levels. The India Mental health Market is expected to grow at a substantial CAGR of 15% from 2022-2028.

    Market Overview

    The India mental health market is expected to grow on account of the higher prevalence of mental disorders in states such as Tamil Nadu, Kerala, Telangana, Karnataka, and Andhra Pradesh, among others. Tamil Nadu, being one of the States in the high socio-demographic index group, accounted for a high prevalence of depressive disorders, anxiety disorders, and schizophrenia. These rising depressive and anxiety disorders across South India have led to an increase in suicide cases. Also, in India, the state holds second place in the number of suicides, as per the National Crime Record Bureau (NCRB), with at least 36 people taking the extreme decision every day in the state. In 2019, a total of 13,493 people killed themselves in Tamil Nadu, giving it a 9.7% share. Topping the list is Maharashtra with 18,916 and in third place in West Bengal with 12,665. Owing to these facts, the government in various states of India has been implementing various mental health policies which in turn is propelling the mental health market in the country.

    COVID-19 Impact

    The COVID-19 pandemic has provided tremendous research resources while also highlighting the threat of deadly epidemic-prone diseases worldwide. The COVID-19 pandemic has significantly impacted the mental health market. This is because many people are facing challenges that can be stressful, overwhelming, and cause strong emotions in adults as well as in children. Thereby, fostering the demand for mental health services.

    India's mental health market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

    By Disorders, the market is primarily fragmented into
    • Schizophrenia
    • Alcohol Use Disorders
    • Bipolar Disorder
    • Depression
    • Anxiety
    • Eating Disorders
    • Other Disorders

    Amongst Disorders, the India mental health market is segmented into schizophrenia, alcohol use disorders, bipolar disorder, depression, anxiety, eating disorders, and other disorders. In 2020, the depression segment grabbed the major market share and is expected to maintain its dominance during the forecast period owing to the increase in the number of people suffering from depression in India. For instance, according to the estimation by the World Health Organization, 56 million Indians suffer from depression and another 38 million Indians suffer from anxiety disorders. Further, the growing awareness regarding depression and rising acceptance of its treatment are also some of the other factors contributing to the growth of this market.

    By Services, the market is primarily segmented into
    • Emergency Mental Health Services
    • Home-based Treatment Services
    • Inpatient Hospital Treatment Services
    • Other Services

    By services, the India Mental Health Market is divided into emergency mental health services, outpatient counseling, home-based treatment services, inpatient hospital treatment services, and other services. The inpatient hospital treatment services segment occupied the major share of the India Mental Health market in 2020 and it is expected to grow with a substantial CAGR in the upcoming years. The growth of this segment is attributed to the increasing patient pool and an ample number of patients deploying mental health solutions to enhance self-care.

    By Age Group, the market is primarily segmented into
    • Pediatric
    • Adult
    • Geriatric

    By age group, the market is divided into pediatric, adult, and geriatric. The adult segment grabbed a considerable market share in 2020 and is expected to maintain its dominance during the forecast period. The growth of this segment can be attributed to the growing popularity of various mental health services among the 18+ age group. This can be due to the hectic work schedules leading to increased stress among the adult population coupled with the growing prevalence of mental health disorders among adults. For instance, In the United States, almost half of adults (46.4%) will experience a mental illness during their lifetime and 5% of adults (18+) experience a mental disorder in any one year, which is equivalent to 43.8 million people, as per the national council for mental well-being.

    Mental health Market Geographical Segmentation Includes:
    • North India
    • South India
    • West India
    • East India
    The major players targeting the market include
    • Wysa
    • Innerhour
    • Juno Clinic
    • YourDOST
    • ePsyClinic
    • Trijog
    • Headspace
    • Mindhouse
    • Calm
    About UnivDatos Market Insights

    UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

    UnivDatos Market Insights
    Ankita Gupta
    Director Operations
    Ph: +91-7838604911

    SOURCE : UnivDatos Market Insights Pvt. Ltd.
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  • #2
    India Psychological Well being Market to develop considerably by 2028 |CAGR: 15%| UnivDatos Market Insights.
    Last edited by Grimasharma; 05-20-2022, 12:02 AM.