Global Mental Health Apps Market size to reach USD 10.2 Billion by 2027 - kbv research

NEW YORK - April 11, 2022 - PRLog -- Mental Health Apps Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Mental Health Apps Market size is expected to reach $10.2 billion by 2027, rising at a market growth of 16.3% CAGR during the forecast period.

The Depression & Anxiety Management segment acquired maximum revenue share in the Global Mental Health Apps Market by Application in 2020, thereby, achieving a market value of $3.2 billion by 2027. The rising frequency of anxiety and depression illnesses, as well as increased awareness of mental health apps for treatment of these disorders, are two important factors driving the segment's rise.

The Android segment is showcasing a CAGR of 16.6% during (2021 - 2027). The increased usage rate of android-based smartphones, as well as the cost-effectiveness of android-based smartphones, is major factors driving sector growth. The expanding number of Android users is expected to drive market growth, indicating a faster pace of growth.

Full Report: https://www.kbvresearch.com/mental-health-apps-market/

Global Mental Health Apps Market Segmentation

By Application

• Depression & Anxiety Management
• Meditation Management
• Stress Management
• Wellness Management, and
• Others

By Platform Type

• iOS
• Android,
• Others

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Calm.com, Inc.
• MoodMission Pty. Ltd.
• Sanvello Health, Inc. (UnitedHealth Group Incorporated)
• Headspace, Inc.
• Flow Neuroscience AB
• Youper, Inc.
• Urban Massage Ltd.
• Happify, Inc.
• SilverCloud Health, Inc. (American Well Corporation)