Mental health is a dynamic state of internal equilibrium that allows people to use their abilities in accordance with society's universal standards. It helps recognize, express, and modulate one's own emotions, empathize with others, and deal with adversity. It also helps with social duties and keeping a healthy relationship with the body and mind. However, it can cause anxiety, depression, and bipolar illness if it is out of balance. It can also produce physical pain in many places of the body, such as the stomach, back, and head.
In most regions of the world, autism and attention deficit hyperactivity disorder (ADHD) cases are on the rise. ADHD is a neurodevelopmental disorder characterized by impaired social interaction, verbal and nonverbal communication, and restricted and repetitive behavior. Autism is a neurodevelopmental disorder characterized by impaired social interaction, verbal and nonverbal communication, and restricted and repetitive behavior. In 2020, one out of every 54 children in the United States will have Autism Spectrum Disorder (ASD), according to the Centers for Disease Control and Prevention (CDC).
Data Bridge Market Research analyses that the mental health and substance abuse services market which was USD 402.4 billion in 2021, would rocket up to USD 708.11 billion by 2029, and is expected to undergo a CAGR of 7.32% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
North America accounted for a major share in the mental health market in 2020, and is expected to maintain its dominance during the forecast period, due to the rise in adoption of advanced technologies and increased awareness of mental health among healthcare professionals and individuals working in the corporate industry. Moreover, upsurge in mental health activities in the healthcare sector to develop novel services and the presence of major players operating in the region fuel the market's growth.
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Asia-Pacific is expected to register highest CAGR from 2021 to 2030, as a result of increased health awareness, improved healthcare infrastructure, and an increase in the number of hospitals with modern medical facilities
Some of the major players operating in the mental health and substance abuse services market are:
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