Press Release

Dec, 04 2024

Increasing Prevalence of Depression and Anxiety Disorders is Driving the Growth of the Asia-Pacific Depression Screening Market

The increasing prevalence of depression and anxiety disorders across the Asia-Pacific region is a significant driver for the depression screening market, as rising cases of mental health issues amplify the need for accessible and effective diagnostic solutions. Socioeconomic stressors, rapid urbanization, and the ongoing pressures of modernization are contributing factors to the growing incidence of these disorders. In addition, changing social dynamics and increased awareness about mental health encourage individuals to seek diagnosis and support, thus driving demand for depression screening services. Governments and healthcare organizations in countries such as Japan, South Korea, and India are recognizing the mental health crisis, integrating depression screening into public health initiatives and policies to support early intervention and treatment. With advancements in digital health technologies, screening has become more accessible via mobile applications, telehealth platforms, and online consultations, expanding reach even to remote or underserved areas. As a result, the depression screening market in Asia-Pacific is experiencing growth driven by both public health mandates and rising mental health literacy, addressing the increasing need for timely and effective depression diagnosis.

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Data Bridge Market Research analyzes that the Asia-Pacific Depression Screening Market is expected to reach USD 1,512.79 million by 2031 from USD 679.81 million in 2023, growing with a CAGR of 10.6% in the forecast period of 2024 to 2031.

Key Findings of the Study

Asia-Pacific Depression Screening Market

Advancements in Depression Screening Technology

Advancements in depression screening technology are significantly driving the Asia-Pacific depression screening market by enhancing the accuracy, accessibility, and efficiency of mental health assessments. Innovations such as Artificial Intelligence (AI) and machine learning algorithms are being integrated into screening tools to analyze patient data more effectively, allowing for quicker and more accurate diagnoses. Moreover, the development of digital platforms and mobile applications has made screening more accessible, enabling individuals to conduct assessments from the comfort of their homes. These technologies can reach underserved populations in remote areas, reducing barriers to access and encouraging more people to seek help. In addition, telehealth services are being increasingly adopted, facilitating virtual consultations that integrate screening with professional support, thereby promoting early intervention. The convenience of real-time data collection and analysis not only streamlines the screening process but also allows healthcare providers to monitor patient progress over time. As these technological advancements continue to evolve, they are playing a crucial role in transforming the landscape of depression screening in the Asia-Pacific region, ultimately improving mental health outcomes and increasing the market's growth potential.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable 2016-2021)

Quantitative Units

Revenue in USD Million

Segments Covered

Depression Type (Major Depressive Disorder (MDD), Persistent Depressive Disorder (PDD), and Others), Diagnosis (Screening and Lab Tests), End-User (Hospital, Specialty Clinics, Medical Research Centers, and Others)

Countries Covered

China, Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Taiwan, Malaysia, Vietnam, Philippines, and Rest of Asia-Pacific

Market Players Covered

Koninklijke Philips N.V. (Netherlands), Apple Inc. (U.S.), Google (U.S.), Lifetrack Medical Systems (Singapore), Genetic Technologies Limited (Australia), Headspace Inc. (U.S.), Pankhtech India Private Limited (India), and Pearson (India) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, and regulatory framework

Segment Analysis

Asia-Pacific depression screening market is segmented into three notable segments based on depression type, diagnosis, and end-user.

  • On the basis of depression type, the Asia-Pacific depression screening market is segmented into Major Depressive Disorder (MDD), Persistent Depressive Disorder (PDD), and others

In 2024, Major Depressive Disorder (MDD) segment is expected to dominate the Asia-Pacific depression screening market

In 2024, the Major Depressive Disorder (MDD) segment is expected to dominate the market with a market share of 64.68% due to its high prevalence among the population, increasing awareness and recognition of the condition, and the growing demand for effective early screening and intervention strategies.

  • On the basis of diagnosis, the Asia-Pacific depression screening market is segmented into screening and lab tests.

In 2024, the screening segment is expected to dominate the Asia-Pacific depression screening market

In 2024, the screening segment is expected to dominate the market with a market share of 63.89% due to the rising emphasis on early identification and prevention of depression, coupled with the integration of standardized screening protocols into routine healthcare practices.

  • On the basis of end-user, the Asia-Pacific depression screening market is segmented into hospital, specialty clinics, medical research centres, and others. In 2024, hospital segment is expected to dominate the market with a market share of 46.87%

Major Players

Data Bridge Market Research analyzes the major market players operating in the Asia-Pacific depression screening market are Koninklijke Philips N.V. (Netherlands), Apple Inc. (U.S.), Google (U.S.), and Lifetrack Medical Systems (Singapore) among others.

Asia-Pacific Depression Screening Market

Market Developments

  • In November 2023, Koninklijke Philips N.V. and NYU Langone Health has partnered with to adopt advanced health technology solutions aimed at enhancing patient safety, quality, and outcomes over multiple years. This collaboration will enable Philips to showcase its innovative technologies in a prominent healthcare setting, potentially leading to increased visibility, credibility, and market expansion within the healthcare sector
  • In May 2021, Headspace Inc. is offering free one-year subscriptions to healthcare professionals in India amid the COVID-19 crisis. This initiative aims to combat stress and burnout by providing access to mindfulness tools and guided meditations, supporting the mental well-being of frontline workers

Regional Analysis

Geographically, the countries covered in the Asia-Pacific depression screening market report China, Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Taiwan, Malaysia, Vietnam, Philippines, and Rest of Asia-Pacific.

As per Data Bridge Market Research analysis:

China is expected to dominate the Asia-Pacific depression screening market

China is expected to dominate the market due to its large population, increasing prevalence of mental health disorders, and growing government initiatives aimed at improving mental health awareness and access to screening services.

For more detailed information about the Asia-Pacific Depression Screening Market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-depression-screening-market


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