India Mental Health Market: Current Analysis and Forecast (2022-2028)

Mental health includes our emotional, psychological, and social well-being. It affects how we think, feels, and act as we cope with life. Problems related to mental health are characterized by the absence of positive emotion, low mood, and a range of associated cognitive, physical, emotional, and behavioral symptoms. According to the WHO, the burden of mental health problems in India is 2443 disability-adjusted life years (DALYs) per 100 00 population; the age-adjusted suicide rate per 100 000 population is 21.1. This increase in the number of patients suffering from mental illnesses has created the need for quicker healthcare. Therefore, to address this issue, digital healthcare tools are offering the potential to scale up the treatment and decrease the cost of treatment for patients suffering from various mental illnesses which in turn is leading to growth in the adoption of various mental health applications. Furthermore, the covid-19 pandemic has also created an impact on mental health among children and young people in India. For instance, as per a survey previewed in The State of the World’s Children 2021, nearly 14% of 15 to 24-year-olds in India, or 1 in 7, reported often feeling depressed or having little interest in doing things.

Based on disorders, the mental health market is segmented into schizophrenia, alcohol use disorders, bipolar disorder, depression, anxiety, eating disorders, and other disorders. In 2020, the depression segment grabbed the major market share and is expected to maintain its dominance during the forecast period owing to the increase in cases of depression in India.

Based on services, the market is fragmented into emergency mental health services, outpatient counseling, home-based treatment services, inpatient hospital treatment services, and other services. The inpatient hospital treatment services segment grabbed the major market share in 2020 and is expected to grow with the lucrative CAGR in the upcoming years owing to the increasing patient pool and an ample number of patients deploying mental health solutions to enhance self-care.

Based on age group, the market is segmented into pediatric, adult, and geriatric. The adult segment grabbed a considerable market share in 2020 and is expected to maintain its dominance during the forecast period. This may be due to the increased popularity of various mental health services and the rising trend for self-care among this population.

For a better understanding of the mental health market adoption, the report provides a detailed analysis of major regions in India including North India, South India, East India, and West India. South India constitutes a considerable market share for mental health on account of the increasing number of people suffering from various mental illnesses in the region

Some of the major players operating in the market include Wysa, Innerhour, Juno Clinic, YourDOST, ePsyClinic, Trijog, Headspace, Mind.fit, Mindhouse, Calm, etc.