Published by Jessica Weisman-Pitts
Posted on April 8, 2025
High Depression and Anxiety Rates in Today’s World Prime Reason Increasing Usage of Mental Health Apps, Fact.MR Analysis
Social, psychological, and behavioural aspects in today’s day and age are primarily leading to the development of various mental disorders among individuals. Fact.MR, a market research and competitive intelligence provider, in its recently updated industry report, reveals that the global Mental Health App Market is approximated at US$ 7.19 billion in 2024 and is projected to reach US$ 14.72 billion by 2034.
Depression and anxiety are the main reasons for the increasing adoption of mental wellness apps. The rising cases of neurological disorders across the globe are also driving the demand for mental fitness apps. Digital mental health software solutions are gaining traction due to factors such as individuals choosing not to disclose their mental health details with others and easy accessibility of online remedies.
According to the PubMed article ‘2023 Alzheimer's disease facts and figures’, around 6.7 million people living in the United States aged 65 and older are experiencing Alzheimer’s issues.
According to the World Health Organization, approximately 1 in 4 people are suffering from anxiety.
Healthcare researchers across the globe are also working on the incorporation of apps in mental health issue management. Nowadays, people worldwide are widely using digital tools such as mental health apps to cure anxiety, stress, and other neurological issues.
Leading Players Driving Innovation in the Mental Health App Market:
The Key Players in the Infant Mental Health App Industry include Happify Inc., Calm, Headspace Inc., Flow and Youper Inc., Sanvello Health, MoodTools, Talkspace, MoodMission Pty Ltd., Ustwo Fampany Ltd.
Mental Health App Industry News & Trends:
The major companies in the mental health app market are working to increase their global presence through partnerships, acquisitions, mergers, and cooperative initiatives. Due to the growing use of technology improvements in the healthcare industry, the majority of medical service providers are incorporating the newest virtual technologies to improve sophisticated mobile applications. In addition to intensive R&D efforts, industry leaders' other expansion initiatives include new AI-based innovations.
Key Takeaways from Mental Health App Market Study:
Global demand for mental health apps is foreseen to increase at a CAGR of 7.4% during the next 10 years. The market in the United States is forecasted to reach US$ 5.08 billion by 2034.
Revenue from mental health apps in South Korea is evaluated at US$ 274.2 million in 2024. The demand for iOS-based mental health apps is anticipated to rise at a CAGR of 7.4% through 2034.
“Rising mental health awareness and initiatives by several public and private organizations set to create lucrative opportunities for mental health app providers over the coming years”, says Fact.MR analyst.
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Competitive Analysis:
The mental health app market is characterized by the presence of prominent companies and emergence of start-ups. Established players are adopting strategies such as mergers & acquisitions, collaborations with research institutions, and global expansions to boost their market shares and presence. Start-ups are investing in technological advancements to introduce mental health apps with advanced and effective features.
SPEEQO is a United Kingdom-based start-up that offers voice-based machine learning software. The company’s software detects speech change, classify emotions from texts, and analyse word choice. This advanced solution offered by SPEEQO is expected to promote employees well-being.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global mental health app market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights on the market based on platform type (android, iOS, others) and application (depression & anxiety management, stress management, meditation management, wellness management, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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