The market is expected to grow at a compound annual growth rate of 15.9 percent over the next six years, according to Vantage Market Research’s August report.
The report attributes the rapid growth of the market to a global rise of mental health diagnoses, the ease of access to care provided by the apps and increased awareness of mental health problems and treatment options.
The app companies leading the market growth, according to report, are:
- Mindscape
- Calm
- MoodMission
- Sanvello Health
- Headspace
- Flow Youper
- Happify
- Talkspace
At the Becker's Fall Behavioral Health Summit, taking place November 4–5 in Chicago, behavioral health leaders and executives will explore strategies for expanding access to care, integrating services, addressing workforce challenges and leveraging innovation to improve outcomes across the behavioral health continuum. Apply for complimentary registration now.