AI in Mental Health Global Market Report 2022: On the Rise

Dublin, Nov. 25, 2022 (GLOBE NEWSWIRE) — The report “AI in Mental Health: Global Market Outlook” has been added to ResearchAndMarkets.com offer.

The rise of digital approaches to mental health has led to the development of predictions, detections and therapeutic solutions based on artificial intelligence (AI) and machine learning (ML). Digital interventions, especially web and smartphone apps, are incorporating artificial intelligence to improve mental health care and optimize user experience. A modern data flow enables the development of mental health prediction and detection models based on data-driven AI methods.

Despite the pandemic-triggered wave of depression and anxiety, the suicide problem has not improved. Based on trained datasets, AI algorithms identify people’s behavior and mental activities and help in suicide prevention. Suicide is prevented by spotting patterns and acting quickly to avoid negative consequences. With the adoption of artificial intelligence, specialists can understand the mental health of victims and address the problem in advance. In this way, it helps reduce the number of suicides around the world. In the field of mental health, artificial intelligence has been used. Currently, AI is being used in both physician-marketed and customer-marketed apps, but there are many issues with its current implementation, including effectiveness,
privacy and security.

Social media and internet surfing have reduced face-to-face communication and increased loneliness due to prolonged internet use. The use of AI-powered mental health apps has increased due to the increase in mental disorders caused by chronic diseases such as diabetes and cardiovascular disease.

Additionally, poor work-life balance, poor eating habits, social isolation, hectic schedules, and relationship issues are all contributing to the rise in mental illness worldwide, particularly in developed and emerging countries. The creation of advanced and up-to-date applications as well as increased awareness among people in developing economies are expected to provide perspective over the forecast period.

In this report, the global market artificial intelligence in mental health has been segmented based on supply, technology, disorder type, and geography. Based on the supply, AI in the mental health market has been categorized into solutions and services. Based on the technology, AI in the mental health market has been segmented into ML, natural language processing, and others.

By geography, the AI ​​in mental health market has been segmented into North America, Europe, Asia-Pacific, and RoW. The North America region is currently the most dominant market for global AI in the mental health market. Smartphone adoption, network advancements, and the penetration of the Internet and social media are driving the market. Growing mental health awareness in recent years, addiction to various substances, and less social interaction have contributed to the growth of APAC.

The report includes

  • 12 data tables and 16 additional tables
  • A brief general overview of the global market for artificial intelligence in mental health prediction, detection and treatment solutions
  • Analysis of global market trends, with market revenue data for 2021, estimates for 2022 and projections of compound annual growth rates (CAGR) to 2027
  • Actual market size estimation and revenue forecast for Artificial Intelligence in the mental health market and the corresponding offering, technology, disorder type, and geography of the market share analysis
  • Up-to-date information on the market drivers and opportunities for AI in improving mental health care, key changes and trends, industry-specific regulations and challenges, and other demographic factors that will shape this market demand in the coming years (2022- 2027)
  • Discussion of the industry value chain analysis for AI in the mental health market which provides a systematic study of the key intermediaries involved, with a focus on solutions and service providers across all geographies
  • Patent activity and review of patent grants for AI in mental health by each major category
  • Identification of key stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Company profiles of key industry players including Ginger, Lyra Healthcare Inc., Quartet and Woebot Health
Ratio attribute Details
no. or pages 50
Forecast period 2022 – 2027
Estimated market value (USD) in 2022 $880.7 million
Projected market value (USD) by 2027 $3844.2 million
Compound annual growth rate 34.3%
Region covered Global

Main topics covered:

Chapter 1 Market Outlook

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Market Opportunity/Technological Impact in Each Disorder Type
4.1 Market Opportunity
4.1.1 Growing number of AI start-ups targeting mental health
4.1.1 Growing demand for apps that offer ease of access
4.2 Type of disturbance
4.2.1 Management of suicide
4.2.2 Stress management
4.2.3 Mood disorder

Chapter 5 Market Breakdown by Supply, Technology
5.1 AI in Mental Health Market by Supply
5.1.1 Solutions
5.1.2 Services
5.2 AI in Mental Health Market, by Technology
5.2.1 Machine learning
5.2.2 Natural language processing
5.2.3 Others

Chapter 6 Market Breakdown by Region
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Rest of the world

Chapter 7 Company Profiles

Chapter 8 Scope and methodology of the project
8.1 Purpose of the Report
8.2 Methodology
8.3 Analyst Credentials
8.4 Custom Search
8.5 Related Research Reports

Companies mentioned

  • Ginger
  • Lyra Health Inc.
  • Meru
  • Mindstrong Cheers
  • New Solution for Life Inc.
  • Quartet
  • Spring Cure Inc.
  • TalkSpace Inc.
  • Cheers Woebot
  • Wysa Ltd.

For more information about this report, please visit https://www.researchandmarkets.com/r/gy021r

  • Global AI in the mental health market

        

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