Competition Scenario in Global Mental Wellness Market
The Global Mental Wellness Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Mental Wellness therapies and treatments. Global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. The major players in the market for mental wellness have shifted the attention to bio-based materials for product manufacturing and are launching significant strategies like mergers and acquisitions and partnerships with national and international businesses to broaden the organization’s product portfolios and increase its market share worldwide.
Some of the major players in the market include Acadia Healthcare, Amare Global, Ascension, Behavioral Health Network, Inc., CVS Health, CareTech, Headspace Inc., Promises Behavioral Health, Pyramid Healthcare Inc., Universal Health Services, and others.
What is the Expected Future Outlook for the Overall Global Mental Wellness Market Across the globe?
The Global Mental Wellness market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Mental Wellness market is driven increasing prevalence of mental illnesses/disorders, such as depression, anxiety, eating disorders, and others, as a result of busy lifestyles, poor diets, a lack of physical activity, and excessive work hours. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing mergers and acquisitions, the Global Mental Wellness market is changing rapidly. For instance, In January 2022, Headspace Health acquires Sayana, an AI-powered mental health, and wellness company. In addition to this Headspace and Ginger have completed their merger in October 2021, to create a US$3 billion mental health enterprise.
Furthermore, The market for mental wellness is restricted by a variety of factors, including constrained access to mental health providers, a lack of skilled mental health care professionals, and a shortage of general community awareness of treatment options.
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The Global Mental Wellness Market is anticipated to grow significantly during the projected period (2022-2028) owing to the significance and widespread acceptance of mental health disorders. Instead of simply living a healthy lifestyle that may have a positive impact on overall wellness, the expanded concept of mental wellness in the current day aims to give people a sense of control over their health and happiness. Vendors in the market are creating programs that treat underlying reasons including lack of sleep and challenges at home instead of only tertiary remedies because mental health concerns are underreported owing to the stigma attached to them. The most recent study is focused on connecting cognitive behavioral therapy with smartphones to solve these challenges. Though the market is competitive with ~500 participants, country-niche players control the dominant share and regional players also hold a significant share.
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Key Topics Covered in the Report: –
Snapshot of Mental Wellness Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Mental Wellness Market
Historic Growth of the Overall Mental Wellness Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Mental Wellness Market Industry
Overview, Disorder Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Mental Wellness Market
Future Market Forecast and Growth Rates of the Total Mental Wellness Market and by Segments
Market Size of Segments with Historical CAGR and Future Forecasts
Analysis of the Mental Wellness Market in Global Regions
Major Mental Wellness Type/Supply and Consumption/Demand Hubs in the Region
Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within the Region
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Notable Key Players Mentioned in the Report
Acadia Healthcare
Amare Global
Ascension
Behavioral Health Network, Inc.
CVS Health
CareTech
Headspace Inc.
Promises Behavioral Health
Pyramid Healthcare Inc.
Universal Health Services
Notable Emerging Companies Mentioned in the Report
Wysa
MindPeers
Gratitude
YourDOST
Jeeva
Key Target Audience – Organizations and Entities Who Can be benefited by Subscribing This Report
Manufacturers and Suppliers of Brain Health Supplements
Consultants for Brain Health Supplements
Distributors of Supplements for Brain Health
Brain Health Supplements Companies
Mental Wellness Service Providers
Wellness Solutions Companies
Wellness Products Nutritional Supplement Industries
Wellness Product Manufacturers and Raw Material Suppliers
Suppliers of Raw Materials for Nutritional Supplements
Health Supplements Organizations, Forums, Alliances, and Associations
Mental Wellness Research Organizations, and Consulting Companies
Health Regulatory Organizations and Government Agencies
Government Ministries and Departments of Healthcare
PE and VC Firms focused on Wellness Industry
Startups and Potential Entrants into Wellness Industry
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below: –
Global Mental Wellness Service Market
