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

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Emphasis on Disorders (Schizophrenia, Alcohol Use Disorders, Bipolar Disorder, Depression, Anxiety, Eating Disorders, Other Disorders.); Services (Emergency Mental Health Services, Outpatient Counseling, Home-Based Treatment Services, Inpatient Hospital Treatment Services, Other Services); Age Group (Pediatric, Adult, Geriatric); Region/Country

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183

Table:

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Report ID:

UMHE21772

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Report Description
Table of content
Research Methodology

Report Description

 

India Mental Health Market
India Mental Health Market

SPEAK TO ANALYST

India Mental Health market is anticipated to grow with a considerable CAGR over the forecast period (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. Moreover, The rapid growth in the working-age population in the country is also expected to drive the mental health market in the forthcoming years as they suffer from more stress leading to various mental disorders.

Total Labor Force in India, 2015–2020

 

India Mental Health Market 1
India Mental Health Market 1

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Wysa, Innerhour, Juno Clinic, YourDOST, ePsyClinic, Trijog, Headspace, Mind.fit, Mindhouse, Calm, are some of the prominent players operating in the India Mental Health Market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with Mental Health Services.

Insights Presented in the Report

“Amongst Disorders, depression segment holds the major share”

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 the number of people suffering from depression in India. For instance, according to the estimation by the World Health Organization, 56 million Indians suffer from depression and another 38 million Indians suffer from anxiety disorders. Further, the growing awareness regarding depression and rising acceptance of its treatment are also some of the other factors contributing to the growth of this market.

Based on services, the India Mental Health Market is divided into emergency mental health services, outpatient counseling, home-based treatment services, inpatient hospital treatment services, and other services. The inpatient hospital treatment services segment occupied the major share of the India Mental Health market in 2020 and it is expected to grow with a substantial CAGR in the upcoming years. The growth of this segment is attributed to the increasing patient pool and an ample number of patients deploying mental health solutions to enhance self-care.

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“Amongst Services, inpatient hospital treatment services segment holds the major share”

“Amongst Age Group, adult segment holds the major share”

Based on age group, the market is divided 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. The growth of this segment can be attributed to the growing popularity of various mental health services among the 18+ age group. This can be due to the hectic work schedules leading to increased stress among the adult population coupled with the growing prevalence of mental health disorders among adults. For instance, In the United States, almost half of adults (46.4%) will experience a mental illness during their lifetime and 5% of adults (18+) experience a mental disorder in any one year, which is equivalent to 43.8 million people, as per the national council for mental well-being.

“South India represents one of the largest markets of India Mental Health Market”

For a better understanding of the market dynamics of the India Mental Health market, a detailed analysis was conducted for different regions across India including North India, South India, East India, and West India has been conducted. South India constitutes a major market for the India Mental Health market industry and generated revenue of USD XX Million in 2020 owing to the high prevalence of mental illnesses in states such as Tamil Nadu, Kerala, etc.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


Customization Options:

The India Mental Health market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1Market Definitions
1.2Objective of the Study
1.3Limitation
1.4Stake Holders
1.5Currency Used in Report
1.6Scope of the India Mental Health Study

 

2.1Research Methodology for the India Mental Health Market
 2.1.1Main Objective of the India Mental Health Market

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY
5COVID-19 IMPACT

 

6INDIA MENTAL HEALTH MARKET REVENUE

 

7.1Schizophrenia
7.2Alcohol Use Disorders
7.3Bipolar Disorder
7.4Depression
7.5Anxiety 
7.6Eating Disorders
7.7Other Disorders

 

8.1Emergency Mental Health Services
8.2Home-based Treatment Services
8.3Inpatient Hospital Treatment Services
8.4Other Services

 

9.1Pediatric 
9.2Adult 
9.3Geriatric 

 

10.1North India
10.2South India
10.3West India
10.4East India 

 

11.1Market Drivers 
11.2Market Challenges
11.3Impact Analysis

 

12INDIA MENTAL HEALTH MARKET OPPORTUNITIES

 

13INDIA MENTAL HEALTH MARKET TRENDS & INSIGHTS

 

14LEGAL & REGULATORY FRAMEWORK

 

15.1Demand Side Analysis
15.2Supply Side Analysis 
 15.2.1Top Product Launches
 15.2.2Top Business Partnerships
 15.2.3Top Merger & Acquisitions
 15.2.4Top Business Expansions, Investments and Divestitures

 

16VALUE CHAIN ANALYSIS
17.1Porter’s Five forces analysis
 17.1.1Bargaining power of Supplier
 17.1.2Bargaining power of Buyer
 17.1.3Industry Rivalry
 17.1.4Availability of Substitute
 17.1.5Threat of new Entrants
17.2Competitive Landscape
 17.2.1Company Shares, By Revenue

 

18.1Wysa   
 18.1.1Key Facts  
 18.1.2Business Description 
 18.1.3Key Product/Services Offerings
 18.1.4Growth Strategy 
 18.1.5SWOT Analysis 
 18.1.6Key Financials 
  18.1.6.1Revenue Split
  18.1.6.2Financial Overview of Wysa
 18.1.7Recent Developments
  18.1.7.1Product Launch
  18.1.7.2Partnerships
  18.1.7.3Business Expansion and Investments
  18.1.7.4Merger and Acquisition
18.2Innerhour   
18.3Juno Clinic  
18.4YourDOST  
18.5ePsyClinic   
18.6Trijog   
18.7Headspace  
18.8Mind.fit   
18.9Mindhouse  
18.10Calm   

 

19DISCLAIMER

 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the India Mental Health Market were the three major steps undertaken to create and analyze the adoption of Mental Health in major regions of India. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Mental Health Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the India Mental Health through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the India Mental Health Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as disorders, services, and age group. Further country-level analyses were conducted to evaluate the overall adoption of Mental Health across India.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of India Mental Health. Further, we conducted factor analysis using dependent and independent variables such as the growing prevalence of various mental health disorders. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Mental Health sector across India.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the india mental health market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and subsegments across the major markets in India. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Mental Health across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the India Mental Health Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

India Mental Health Market 1
India Mental Health Market 1

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the India Mental Health Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of disorders, services, and age group, of the India Mental Health market.

The main objective of the India Mental Health Market Study

The current & future market trends of India Mental Health were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of India Mental Health in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of disorders, services, and age group
  • Define and analysis of the regulatory framework for the india mental health industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the india mental health market for the major region
  • Major regions studied in the report include North America, Europe, Asia-Pacific, and Rest of the world
  • Company profiles of the India Mental Health Market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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