The Current Landscape of Mental Health and Wellness - Stats & Figures
To truly start your mental health business, it’s crucial you reduce friction by implementing a strategy and doing market research. Here’s a breakdown of our research:
- According to Statista, adults in the United States mainly use e-health apps or devices to enhance their mental health.
- Between 2014 and 2018, mental health apps in the UK experienced a 566% increase in demand. Acumen Research and Consulting projects the growth of the global market for mental health apps to $10.2 billion by 2027.
- Nearly 11% of the world's population, or almost 800 million people, suffer from some form of mental health disorder.
The eye-opening numbers tell the story for themselves. Plus, when you will integrate the latest technologies like artificial intelligence, machine learning, and virtual reality, you can truly take your mental health business to the next level. The rise of emotional well-being AI chatbots meets the demand for instant emotional support. These empathetic bots engage users, offering coping strategies and resources during moments of distress. Startups in this niche leverage AI and cognitive-behavioral techniques, providing users with accessible lifelines for their emotional well-being.