DUBLIN--(BUSINESS WIRE)--The "Global Emerging Mental Health Devices and Platforms Market: Analysis and Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global emerging mental health devices and platforms market is projected to reach $18,717.5 million by 2030
In the pre-COVID-19 scenario, the market was expected to grow at the compound annual growth rate (CAGR) of 21.15% during the forecast period 2021-2030.
However, the COVID-19 pandemic has resulted in a significant increase in teleconsultations, adoption of mental health mobile platforms, and a surge in funding activities for ensuring the mental wellbeing of the global population. Moreover, the COVID-19 pandemic is anticipated to have a prolonged impact on the market. Due to the pandemic, the market is anticipated to register robust growth with a CAGR of 24.69% during the forecast period 2021-2030.
The study encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and COVID-19 impact on the market.
The study indicates that growing demand for teleconsultations in the wake of the COVID-19 pandemic, increasing funding activity in the digital mental health landscape, rising adoption of digital mental health solutions in emerging economies, and entry of pharmaceutical companies in the digital mental health paradigm are fueling the growth of the market.
The study highlights the various emerging opportunities, such as the development of portable mental health devices, development of novel therapies for mental health treatment, product expansion, and business expansion opportunities that can be leveraged by players operating in the market.
Additionally, the market intelligence report throws a spotlight on the funding scenario, key technology trends, regulatory landscape, patent scenario, and product pipeline for global emerging mental health devices and platforms market.
To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include product, application, therapy, end user, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.
The application segment of the global emerging mental health devices and platforms market includes analysis of different types of indications wherein emerging mental health devices, and platforms are used, such as stress, anxiety, depression, bipolar disorder, schizophrenia, and other mental, emotional, and behavioral health disorders.
Key insights are drawn from in-depth interviews with the key opinion leaders of leading companies, market participants, and vendors. The key players profiled in the report include AbleTo, Inc., Calm, Electromedical Products International, Inc., Flow Neuroscience AB, Ginger, Happify Health, Headspace Inc., Lyra Health, Inc., Monsenso A/S, Neuronetics, Pear Therapeutics, Inc., Psious, Quartet Health, Talkspace, Teladoc Health, Inc., Woebot Health, and Ybrain, Inc.
Moreover, the study also consists of snapshots of Bioself Technology, Innovative Neurological Devices, Lief Therapeutics, NeuroSigma, Inc., and Sentio Solutions Inc.
Global Emerging Mental Health Devices and Platforms Market Scenario
Key Findings and Opportunity Assessment
Global Emerging Mental Health Devices and Platforms Market Size and Forecast
- Realistic Growth Scenario
- Pessimistic/Conservative Growth Scenario
- Optimistic Growth Scenario
Market Dynamics
Market Drivers
- Growing Demand for Teleconsultations in the Wake of COVID-19 Pandemic
- Increasing Funding Activity in Digital Mental Health Landscape
- Rising Adoption of Digital Mental Health Solutions in Emerging Economies
- Entry of Pharmaceutical Companies in Digital Mental Health Paradigm
Market Restraints
- Lack of Clinically Validated Scientific Data
- User Data Privacy Concerns
Market Opportunities
- Development of Portable Mental Health Devices
- Development of Novel Therapies for Mental Health Treatment
- Product Portfolio Expansion
- Technology Integrated Solutions for Severe Mental Health Illnesses
- Provider-Centric Mental Health Platforms
Business Collaborations
- Partnership Between Non-Healthcare Companies and Mental Health Platform Developers
- Partnerships with Local Mental Health Facilities for Expansion in Non-English-Speaking Regions
Key Questions Answered in this Report
- How do attributes such as the prevalence of mental illnesses, physician density, and payment scenario impact the global emerging mental health devices and platforms market?
- What impact did the COVID-19 pandemic have on the adoption of mental health mobile applications?
- What were the key developments in the global emerging mental health devices and platforms market during the COVID-19 pandemic?
- What impact do the emerging mental health devices and platforms have on the industry ecosystem?
- What are the key technologies that received significant funding in 2020?
- Which key synergistic activity was majorly utilized by the companies in the global emerging mental health devices and platforms market?
- What are the pipeline products that are anticipated to be commercialized during the forecast period 2021-2030?
- What are the key business models employed by the companies operating in the market?
- What are the key driving and inhibiting factors in the global emerging mental health devices and platforms market? What will be their impact on the market during the forecast period 2021-2030?
- Which mental health application is anticipated to witness significant growth during the forecast period 2021-2030?
- Which mental health therapy held the largest share in the global emerging mental health devices and platforms market in 2020?
- Which region holds the highest growth potential in the global emerging mental health devices and platforms market during the forecast period 2021-2030?
- Who are the end users of the novel mental health solutions? Which end-user category holds the significant growth potential during the forecast period 2021-2030?
For more information about this report visit https://www.researchandmarkets.com/r/p9etcb
