Global Mental Illnesses Market, By Mental Disorders (Clinical depression, Anxiety, Bipolar, Dementia, Attention-deficit/hyperactivity disorder, Schizophrenia, OCD, Autism, Post-traumatic stress), Diagnosis (Psychological Test, Lab Tests, Depression Screening Tests), Treatment (Psychotherapy, Medication), By End User (Hospitals, Medical Research Centers), Country (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, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The mental illnesses market is expected to witness market growth at a rate of 7.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mental illnesses market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in environmental changes globally is escalating the growth of mental illnesses market.
Mental illness, also called mental state disorders, are defined as a good vary of mental state conditions or disorders that have impact on an individual’s thinking, behaviour, and mood. A lot of people suffer from mental state issues from time to time. Once the condition progress, signs and symptoms causing frequent stress and have an effect on your ability to perform, then it is considered under psychopathy.
The increase in the number of people suffering from mental illnesses or mental state disorders across the globe acts as one of the major factors driving the growth of mental illnesses market. The increase in initiatives by government and public organization in raising the awareness regarding mental illnesses among people and high need of drugs and specific therapies to treat the complications of the disease accelerate the market growth. The increase in the number of acquisition strategies and company collaborations among key players and increase in research and development projects further influence the market. Furthermore, development of novel therapies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the treatment and diagnosis of mental illnesses is expected to obstruct the market growth. The reluctance to get treated in the older generation is projected to challenge the mental illnesses market in the forecast period of 2021-2028.
This mental illnesses market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, 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 mental illnesses market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Mental Illnesses Market Scope and Market Size
The mental illnesses market is segmented on the basis of mental disorders, diagnosis, treatment, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of mental disorders, the mental illnesses market is segmented into clinical depression, anxiety, bipolar, dementia, attention-deficit/hyperactivity disorder, schizophrenia, OCD, autism, and post-traumatic stress.
- On the basis of diagnosis, the mental illnesses market is segmented into psychological test, lab tests, and depression screening tests.
- On the basis of treatment, the mental illnesses market is segmented into psychotherapy, and medication.
- On the basis of end user, the mental illnesses market is segmented into hospitals, and medical research centers.
Global Mental Illnesses Market Country Level Analysis
The mental illnesses market is analyzed, and market size insights and trends are provided by country, mental disorders, diagnosis, treatment and end-user as referenced above.
The countries covered in the mental illnesses market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the mental illnesses market because of the high awareness regarding the diseases among population within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the increase in healthcare expenditure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The mental illnesses market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for mental illnesses market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the mental illnesses market. The data is available for historic period 2010-2019.
Competitive Landscape and Mental Illnesses Market Share Analysis
The mental illnesses market competitive landscape provides details by competitor. 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 mental illnesses market.
The major players covered in the mental illnesses market report are Johnson & Johnson Services Inc., AstraZeneca, Bristol-Myers Squibb Company, Eli Lilly and Company. F-Hoffmann-La Roche Ltd, Novartis AG, Otsuka Holdings Co., Ltd., Pfizer Inc., GlaxoSmithKline plc , Alkermes , ALLERGAN, Janssen Pharmaceuticals, Inc.,Solvay Meiji Holdings Co, Ltd., Abbott ,Jazz Pharmaceuticals, Inc ,AbbVie Inc. ,Vertical Pharmaceuticals, LLC ,ACADIA Pharmaceuticals Inc. ,Medtronic Bausch Health ,Alfasigma USA Inc. ,Merck KGaA ,Island Health, Homewood Health, Inc. ,ROYAL OTTAWA HEALTH CARE GROUP, CAMH, Substance Abuse and Mental Health Service Administration (SAMSHA), and National Institute of Mental Health (NIMH) Validus Pharmaceuticals LLC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Mental Illnesses Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.