According to FutureWise analysis the market for Mental Health Software and Devices in 2023 is US$ 5.94 billion, and is expected to reach US$ 20.04 billion by 2031 at a CAGR of 16.42%.
There is an increasing awareness of mental health disorders worldwide, as well as a growing prevalence of these disorders in recent years, which led to their inclusion in the United Nations Sustainable Development Goals (SDGs). In addition, treatment of the disease has gained massive attention, especially for the elderly. In part, this is due to the increasing elderly population over the past few years, as well as the increasing awareness and concern for mental health and well-being among this age group.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Mental Health Software and Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Mental Health Software and Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.