Global Mental Health and Substance Abuse Services Market – Industry Trends and Forecast to 2030

Global Mental Health and Substance Abuse Services Market, By Service Type (Outpatient Counselling, Intensive Case Management, Home-based Treatment Services, Impatient Hospital Treatment, Emergency Mental Health Service, Others), Disorders Type (Depression, Anxiety, Schizophrenia, Bipolar Disorders, Alcohol Use Disorders, Substance Abuse Disorders, Eating Disorders, Post-Traumatic Stress Disorders (PSTD)) – Industry Trends and Forecast to 2030.

Mental Health and Substance Abuse Services Market Analysis and Size

The prevalence rates may differ amongst various demographics and geographical areas. One of the most prevalent mental health conditions is depression. The World Health Organization (WHO) estimates that more than 264 million people worldwide experience depression on an annual basis, or 4.4% of the world's population. Also, mental disorders include social anxiety disorder, panic disorder, and generalized anxiety disorder. According to the WHO, roughly 3.6% of the world's population suffers from mental health and substance abuse services, which is concerning and there is a trend witness as the growth of the global mental health and substance abuse services market.

Data Bridge Market Research analyses that the global mental health and substance abuse services market which was USD 432.58 million in 2022, is expected to reach USD 771.50 million by 2030, and is expected to undergo a CAGR of 7.5% during the forecast period of 2023 to 2030. “Schizophrenia” disorders type segment of the global mental health and substance abuse services market owing to the growing demand for better methods for treatment in patients. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Mental Health and Substance Abuse Services Market Scope and Segmentation

Market Definition

Mental health is a dynamic state of internal equilibrium that allows people to use their abilities in accordance with society's universal standards. It helps recognize, express, and modulate one's own emotions, empathize with others, and deal with adversity. It also helps with social duties and keeping a healthy relationship with the body and mind. However, it can cause anxiety, depression, and bipolar illness if it is out of balance. It can also produce physical pain in many places of the body, such as the stomach, back, and head.

Global Mental Health and Substance Abuse Services Market Dynamics

Drivers

• New innovations in healthcare

The market will rise as people become more aware of dealing with substance abuse. Other factors such as advancements in mental health, favorable reimbursement policies, improved behavioral health software solutions, and improvements in healthcare infrastructure are likely to fuel the market expansion for mental health and substance abuse services.

• Rise in the Prevalence of Mental Health Disorders

The prevalence of mental health diseases is on the rise all across the world. This, along with lifestyle, substance misuse, personal experiences of trauma or abuse, and biological elements such as genes or brain chemistry, is one of the primary drivers supporting the market's growth. Apart from that, the coronavirus disease (COVID-19) outbreak and tight limitations imposed by governments worldwide have exacerbated existing mental health symptoms and induced relapse in people worldwide. This, together with the increased demand for hospital services as a result of the growing patient pool seeking mental health solutions to promote self-care, is fueling market expansion.

• Improving Healthcare Infrastructure

There are so many governments that are investing in technology and telecommunication technologies as well as hiring more mental health specialists. This, combined with significant growth in the number of mental health awareness programs, results in a positive market outlook. Other important factors such as rising occurrences of depression resulting in disability and the growing geriatric population are expected to boost market expansion.

 Opportunities

• Focus on Prevention and Early Intervention

There is a growing recognition of the importance of prevention and early intervention in mental health and substance abuse. Investing in programs and services that promote mental well-being, early detection, and intervention can help reduce the burden of mental health and substance abuse disorders. This presents an opportunity for providers and organizations to develop and implement preventive strategies.

• Policy and Insurance Reforms

Policy and insurance reforms that improve access, coverage, and reimbursement for mental health and substance abuse services can create opportunities for providers. Advocacy efforts to promote parity in insurance coverage and policy changes that prioritize mental health and substance abuse can help expand the market and increase access to services.

Restraints/Challenges

• Stigma and Discrimination

Stigma and discrimination surrounding mental health and substance abuse continue to be significant barriers to seeking help and accessing services. Negative attitudes and misconceptions about these conditions can discourage individuals from seeking treatment and can hinder the growth of the market.

• Fragmented and Underfunded Systems

Mental health and substance abuse services are often fragmented across different providers, organizations, and funding sources. This fragmentation can lead to challenges in care coordination, continuity of care, and a lack of integration with other healthcare services. Inadequate funding for mental health and substance abuse services further exacerbates these challenges.

This global mental health and substance abuse services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global mental health and substance abuse services market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In October, 2021, Talkspace, a leading online therapy platform, partnered with Happify Health, a digital mental health platform, to offer integrated mental health solutions. The partnership aims to provide a comprehensive approach to mental health by combining therapy services with evidence-based digital interventions
• In June, 2021, MindMed, a biotech company focused on psychedelic medicines, announced the initiation of a Phase 2 clinical trial for its psychedelic-assisted therapy program for anxiety disorders. The company is exploring the potential of psychedelic substances, such as MDMA and LSD, in combination with therapy for mental health treatment.

Global Mental Health and Substance Abuse Services Market Scope

The global mental health and substance abuse services market is segmented on the basis of service type and disorders type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Type

• Outpatient Counselling
• Intensive Case Management
• Home-based Treatment Services
• Impatient Hospital Treatment
• Emergency Mental Health Service
• Others

Disorders Type

• Depression
• Anxiety
• Schizophrenia
• Bipolar Disorders
• Alcohol Use Disorders
• Substance Abuse Disorders
• Eating Disorders
• Post- Traumatic Stress Disorders (PSTD)

Global Mental Health and Substance Abuse Services Market Regional Analysis/Insights

The global mental health and substance abuse services market is analysed and market size insights and trends are provided by country, service type and disorders type as referenced above.

The countries covered in the global mental health and substance abuse services market market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa

North America dominates the global mental health and substance abuse services market due to the rising adoption of advanced technologies and increased awareness of mental health among healthcare professionals and individuals working in the corporate industry. Moreover, upsurge in mental health activities in the healthcare sector to develop novel services and the presence of major players operating in the region fuel the market's growth.   

Asia-Pacific is expected to witness significant growth in the global mental health and substance abuse services market during the forecast period of 2023 to 2030 due to the increasing health awareness, improved healthcare infrastructure, and an increase in the number of hospitals with modern medical facilities.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global mental health and substance abuse services market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global mental health and substance abuse services market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global mental health and substance abuse services market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Mental Health and Substance Abuse Services Market Share Analysis

The global mental health and substance abuse services market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global mental health and substance abuse services market.

Some of the major players operating in the global mental health and substance abuse services market are:

• Cerner Corporation (U.S.)
• Core Solutions, Inc (U.S.)
• WELLIGENT (U.S.)
• Promises Behavioral Health (U.S.)
• Pyramid Healthcare Inc. (U.S.)
• North Range Behavioral Health (U.S.)
• Acadia Healthcare (U.S.)
• Sevita (U.S.)
• Kaiser Foundation Health Plan, Inc. (U.S.)
• Universal Health Services Inc. (U.S.)
• NHS England (U.K.)
• CareTech Holdings PLC (U.K.)
• Ascension (U.S.)
• Strategic Behavioral Health LLC (U.S.)
• Ohio Department of Mental Health and Addiction Services (U.S.)