Global AI in Mental Health Market Report 2022: Growing

Dublin, November 25, 2022 (GLOBE NEWSWIRE) — The “AI in Mental Health: Global Market Outlook” report has been added to the ResearchAndMarkets.com offer.

The rise of digital approaches to mental health has led to the development of predictions, detections and treatment solutions based on artificial intelligence (AI) and machine learning (ML). Digital interventions, especially web and smartphone apps, are incorporating AI to enhance mental health care and optimize the user experience. A modern data stream enables the development of mental health prediction and detection models based on data-driven AI methods.

Despite the surge in depression and anxiety triggered by the pandemic, the suicide problem has not improved. Based on trained datasets, AI algorithms identify people’s behavior and mental activities and aid in suicide prevention. Suicide is prevented by pattern detection and quick action to avoid negative consequences. With the adoption of AI, experts can understand the mental health of victims and solve the problem sooner. In this way, it helps in reducing the number of suicides across the world. In the field of mental health, AI has been used. AI is currently being used in applications marketed by physicians and customers, but there are many issues with its current implementation, including effectiveness,
privacy and security.

Social media and Internet browsing reduced face-to-face communication and increased loneliness due to prolonged Internet use. The use of AI-based mental health apps has increased due to the increase in mental disorders caused by chronic illnesses such as diabetes and cardiovascular disease.

In addition, lack of work-life balance, poor eating habits, social isolation, hectic schedules and relationship problems are factors that contribute to the increase in mental illness worldwide, especially in developed and emerging countries. The creation of advanced and updated applications, as well as raising awareness among people in developing economies, is expected to provide perspective during the forecast period.

In this report, the global AI in mental health market has been segmented on the basis of supply, technology, disorder type, and geography. Based on supply, the AI ​​market in the mental health market has been categorized into solutions and services. On the basis of technology, the AI ​​market in the mental health market has been segmented into ML, natural language processing and others.

By geography, the mental health AI market has been segmented into North America, Europe, Asia Pacific and RoW. The North America region is currently the most dominant market for the global mental health AI market. Smartphone adoption, networking advancements, and internet and social media penetration drive the market. Increased awareness of mental health in recent years, dependence on different substances and less social interaction have contributed to the growth of APAC.

The report includes

  • 12 data tables and 16 additional tables
  • A brief overview of the global AI market in mental health prediction, detection and treatment solutions
  • Analysis of global market trends, with market revenue data to 2021, estimates to 2022 and projections of compound annual growth rates (CAGRs) through 2027
  • Estimating Actual Market Size and Revenue Forecast for AI in the Mental Health Market and offering analysis of corresponding market share, technology, disorder type, and geographic region
  • Up-to-date information on market drivers and opportunities for AI in improving mental health care, key changes and trends, industry-specific regulations and challenges, and other demographic factors that will shape this market demand in the coming years (2022-2027)
  • Discussion of industry value chain analysis for AI in the mental health market, providing a systematic study of key intermediaries involved, with an emphasis on solutions and service providers across all geographic regions
  • Patent Activity and Review of Patent Grants for AI in Mental Health by Major Category
  • Identification of key stakeholders and analysis of the competitive landscape based on recent developments and segmented revenues
  • Company profiles of key industry players including Ginger, Lyra Healthcare Inc., Quartet and Woebot Health
report attributeDetails
Number of pages50
forecast period2022 – 2027
Estimated market value (USD) in 2022$880.7 million
Predicted market value (USD) until 2027US$ 3,844.2 million
Compound annual growth rate34.3%
covered regionsGlobal

Main topics covered:

Chapter 1 Market Perspectives

Chapter 2 Executive Summary

Chapter 3 Market overview

Chapter 4 Market Opportunities/Technological Impact on Each Type of Disorder
4.1 Market Opportunities
4.1.1 Growing number of AI startups focusing on mental health
4.1.1 Growing demand for apps that offer ease of access
4.2 Type of Disorder
4.2.1 Suicide Management
4.2.2 Stress Management
4.2.3 Mood Disorder

Chapter 5 Division of the market by offer, technology
5.1 AI Market in Mental Health by Offer
5.1.1 Solutions
5.1.2 Services
5.2 AI Market in Mental Health, by Technology
5.2.1 Machine Learning
5.2.2 Natural Language Processing
5.2.3 Others

Chapter 6 Market Breakdown by Region
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the World

Chapter 7 Company Profiles

Chapter 8 Project Scope and Methodology
8.1 Scope of the Report
8.2 Methodology
8.3 Analyst Credentials
8.4 Custom Search
8.5 Related Research Reports

Mentioned Companies

  • Red-haired
  • Lyra Health Inc.
  • Meru
  • Mindstrong Health
  • New Life Solution Inc.
  • Quartet
  • Spring Care Inc.
  • Talkspace Inc.
  • Wobot Health
  • Wyssa Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/gy021r

  • Global market for AI in mental health

Global AI in Mental Health Market Report 2022: Growing

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