The global mental health market is projected to reach a $560.33 billion value by 2030.
The market is expected to experience a 4.6 percent compound annual growth rate during the forecast period, with the global health market most recently being valued at $396.24 billion in 2022, according to a Sept. 5 report from researchandmarkets.com.
The report also identified two growth influencers — the increase in the prevalence of mental health disorders and the global growth of geriatric populations. Both of these factors are driving increased demand for mental health services, in turn fueling market growth.