Market revenue in 2023 | USD 6,247.3 million |
Market revenue in 2030 | USD 17,519.2 million |
Growth rate | 15.9% (CAGR from 2023 to 2030) |
Largest segment | Ios |
Fastest growing segment | Android |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Android, IOS, Other Platforms |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mental health apps market will help companies and investors design strategic landscapes.
ios was the largest segment with a revenue share of 48.93% in 2023. Horizon Databook has segmented the Global mental health apps market based on android, ios, other platforms covering the revenue growth of each sub-segment from 2018 to 2030.
As per some of the statistics provided by Data Reportal, as of January 2021 there were 4.66 billion active internet users worldwide - 59.5 percent of the global population. Of this total, 92.6 percent (4.32 billion) accessed the internet via mobile devices. Rising mobile subscriptions in emerging countries such as India, China, Indonesia, Bangladesh, and some African Latin American countries is expected to drive the market.
The penetration of smartphones is also rising significantly. As per The Mobile Economy 2019, smartphone penetration was 60% in 2018 and is expected to reach 79% by 2025. Increasing adoption of smartphones by consumers is driving the various mental health applications in the market. Technological advancements in smartphone technology for improving mental health issue are anticipated to drive the market.
Various apps have been developed for monitoring health issues and mental issue such as depression, anxiety, cognitive function, daily activity, etc. In 2020, global consumer spending for mental wellness apps reached almost 270 million U.S. dollars, up by 32.5 percent compared to the previous year. In, U.K, mental health and behavior disorder apps accounts for 28 percent of the healthcare app market.
Horizon Databook provides a detailed overview of global-level data and insights on the Global mental health apps market , including forecasts for subscribers. This global databook contains high-level insights into Global mental health apps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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