Product Code: A191708
The mental health service market was valued at $0.4 billion in 2023, and is projected to reach $0.6 billion by 2033, growing at a CAGR of 3.9% from 2024 to 2033.
Mental health services are programs and strategies devised for support and treatment of individuals suffering from mental health issues, thereby promoting psychological well-being. These services aim to facilitate rapid recovery and enhance the quality of life for those affected by mental health issues. Some of the common mental health services include counseling, psychiatric services, crisis intervention, and group support services.
The growth of the global mental health service market is majorly driven by alarming rise in prevalence of mental disorders and increase in awareness about mental disorders through awareness programs. According to the WHO, more than 264 million people of all ages suffered from depression in 2020. Depression is a leading cause of disability worldwide, and is a major contributor to the overall global burden of disease. Furthermore, surge in geriatric population significantly contributes toward the growth of the global market. This is attributed to the fact that elderly individuals experience a reduced sense of purpose as the age, despite their significant contributions to the society. According to a mental health statistic by Forbes, the cases of depressive & anxiety disorders have rose to 28% and 25%, respectively, post the COVID-19 pandemic. Moreover, with retirement and drop in income, the incidence of ageism makes them highly susceptible to psychological distress, thereby impacting their mental health. As per the 2023 statistics derived from the World Health Organization. approximately 14% of adults aged 60 and over live with a mental disorder. To reduce these increasing figures, mental health services play a crucial role to cope with anxiety and depression. However, high cost associated with mental health services and notable shortage of qualified mental health professionals act as the key deterrent factor of the global market. On the contrary, increase in public health campaigns and educational programs to promote mental health awareness is expected to offer remuneration opportunities for the growth of the mental health service market during the forecast period. For instance, Mind's "If this speaks to you" is a mental health campaign that aims to challenge the way mental issues are spoken about, thus helping to normalize mental health issues and encourage people to seek support. Furthermore, increase in penetration of telehealth and online therapy platforms has made mental health services more accessible, especially for those in remote or underserved areas, which is anticipated to open new avenues for the growth of the market.
The mental health service industry is segmented into service type, end user, and region. Depending on service type, the market is segregated into inpatient services, outpatient services, telehealth services, emergency mental health services, and residential treatment services. As per end user, it is fragmented into hospitals & clinics, home healthcare, community centers, educational institutions, and corporate sector. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By service type, the inpatient services segment is expected to garner the significant market share by 2033.
On the basis of end user, the hospitals & clinics segment is projected to exhibit highest growth during the forecast period.
Region wise, North America is anticipated to dominate the market during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major players in the global mental health service market include Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings PLC, Strategic Behavioral Health, Ascension Seton, North Range Behavioral Health, Pyramid Healthcare, and Promises Behavioral Health. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
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Key Market Segments
By Service Type
- Inpatient Services
- Outpatient Services
- Telehealth Services
- Emergency Mental Health Services
- Residential Treatment Services
By End User
- Hospitals and Clinics
- Home Healthcare
- Community Centers
- Educational Institutions
- Corporate Sector
By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Acadia Healthcare
- The MENTOR Network
- Universal Health Services, Inc.
- Behavioral Health Network, Inc.
- CareTech Holdings PLC
- Strategic Behavioral Health
- Ascension Seton
- North Range Behavioral Health
- Pyramid Healthcare
- Promises Behavioral Health
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: MENTAL HEALTH SERVICE MARKET, BY SERVICE TYPE
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Service Type
- 4.2. Inpatient Services
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.3. Outpatient Services
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
- 4.4. Telehealth Services
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
- 4.5. Emergency Mental Health Services
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country
- 4.6. Residential Treatment Services
- 4.6.1. Key Market Trends, Growth Factors and Opportunities
- 4.6.2. Market Size and Forecast, By Region
- 4.6.3. Market Share Analysis, By Country
CHAPTER 5: MENTAL HEALTH SERVICE MARKET, BY END USER
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By End User
- 5.2. Hospitals And Clinics
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. Home Healthcare
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
- 5.4. Community Centers
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
- 5.5. Educational Institutions
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country
- 5.6. Corporate Sector
- 5.6.1. Key Market Trends, Growth Factors and Opportunities
- 5.6.2. Market Size and Forecast, By Region
- 5.6.3. Market Share Analysis, By Country
CHAPTER 6: MENTAL HEALTH SERVICE MARKET, BY REGION
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
- 6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Service Type
- 6.2.3. Market Size and Forecast, By End User
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Mental Health Service Market
- 6.2.5.1. Market Size and Forecast, By Service Type
- 6.2.5.2. Market Size and Forecast, By End User
- 6.2.6. Canada Mental Health Service Market
- 6.2.6.1. Market Size and Forecast, By Service Type
- 6.2.6.2. Market Size and Forecast, By End User
- 6.2.7. Mexico Mental Health Service Market
- 6.2.7.1. Market Size and Forecast, By Service Type
- 6.2.7.2. Market Size and Forecast, By End User
- 6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Service Type
- 6.3.3. Market Size and Forecast, By End User
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Mental Health Service Market
- 6.3.5.1. Market Size and Forecast, By Service Type
- 6.3.5.2. Market Size and Forecast, By End User
- 6.3.6. Germany Mental Health Service Market
- 6.3.6.1. Market Size and Forecast, By Service Type
- 6.3.6.2. Market Size and Forecast, By End User
- 6.3.7. Italy Mental Health Service Market
- 6.3.7.1. Market Size and Forecast, By Service Type
- 6.3.7.2. Market Size and Forecast, By End User
- 6.3.8. Spain Mental Health Service Market
- 6.3.8.1. Market Size and Forecast, By Service Type
- 6.3.8.2. Market Size and Forecast, By End User
- 6.3.9. UK Mental Health Service Market
- 6.3.9.1. Market Size and Forecast, By Service Type
- 6.3.9.2. Market Size and Forecast, By End User
- 6.3.10. Rest of Europe Mental Health Service Market
- 6.3.10.1. Market Size and Forecast, By Service Type
- 6.3.10.2. Market Size and Forecast, By End User
- 6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Service Type
- 6.4.3. Market Size and Forecast, By End User
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Mental Health Service Market
- 6.4.5.1. Market Size and Forecast, By Service Type
- 6.4.5.2. Market Size and Forecast, By End User
- 6.4.6. Japan Mental Health Service Market
- 6.4.6.1. Market Size and Forecast, By Service Type
- 6.4.6.2. Market Size and Forecast, By End User
- 6.4.7. India Mental Health Service Market
- 6.4.7.1. Market Size and Forecast, By Service Type
- 6.4.7.2. Market Size and Forecast, By End User
- 6.4.8. South Korea Mental Health Service Market
- 6.4.8.1. Market Size and Forecast, By Service Type
- 6.4.8.2. Market Size and Forecast, By End User
- 6.4.9. Australia Mental Health Service Market
- 6.4.9.1. Market Size and Forecast, By Service Type
- 6.4.9.2. Market Size and Forecast, By End User
- 6.4.10. Rest of Asia-Pacific Mental Health Service Market
- 6.4.10.1. Market Size and Forecast, By Service Type
- 6.4.10.2. Market Size and Forecast, By End User
- 6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Service Type
- 6.5.3. Market Size and Forecast, By End User
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Mental Health Service Market
- 6.5.5.1. Market Size and Forecast, By Service Type
- 6.5.5.2. Market Size and Forecast, By End User
- 6.5.6. South Africa Mental Health Service Market
- 6.5.6.1. Market Size and Forecast, By Service Type
- 6.5.6.2. Market Size and Forecast, By End User
- 6.5.7. Saudi Arabia Mental Health Service Market
- 6.5.7.1. Market Size and Forecast, By Service Type
- 6.5.7.2. Market Size and Forecast, By End User
- 6.5.8. Rest of LAMEA Mental Health Service Market
- 6.5.8.1. Market Size and Forecast, By Service Type
- 6.5.8.2. Market Size and Forecast, By End User
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top Winning Strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
- 8.1. Acadia Healthcare
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
- 8.2. The MENTOR Network
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
- 8.3. Universal Health Services, Inc.
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
- 8.4. Behavioral Health Network, Inc.
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
- 8.5. CareTech Holdings PLC
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
- 8.6. Strategic Behavioral Health
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
- 8.7. Ascension Seton
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
- 8.8. North Range Behavioral Health
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
- 8.9. Pyramid Healthcare
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
- 8.10. Promises Behavioral Health
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments