GITNUX MARKETDATA REPORT 2024

Mental Wellness Industry Statistics

The mental wellness industry is expected to experience significant growth in the coming years, with increasing demand for mental health services and solutions.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the significant impact and growth of the mental wellness industry, backed by a compelling array of statistics. From the increasing market size of mental health apps to the global prevalence of mental disorders, these statistics shed light on the evolving landscape of mental wellness and the various avenues through which individuals seek support and treatment.

Statistic 1

"A Mental health apps market size was valued at over USD 1.2 billion in 2020."

Statistic 2

"The global mental health market is projected to reach USD 202.3 billion by 2027."

Statistic 3

"The digital mental health market is expected to reach $5.4 billion by 2027 globally."

Statistic 4

"38% of adults in the United States use complementary and alternative medicine for mental health."

Statistic 5

"There were 450 million people globally suffering from mental disorders in 2019."

Statistic 6

"The global market for the brain and mental health apps has increased 34% year-over-year since 2015."

Statistic 7

"The global wellness market is worth $4.5 trillion, with mental wellness playing a key role."

Statistic 8

"More than 50% of college students have sought help for their anxiety issues."

Statistic 9

"Over 5 million U.S. employees have access to on-site workplace wellness programs."

Statistic 10

"One in five U.S. adults experience mental illness each year."

Statistic 11

"Depression is the leading cause of disability worldwide."

Statistic 12

"Only 41% of adults in the U.S. with a mental health condition received mental health services in the past year."

Statistic 13

"There has been a surge of 24% usage of mental wellness apps during the COVID-19 pandemic."

Statistic 14

"The U.S teletherapy market is projected to reach $3 billion by 2022."

Statistic 15

"The use of meditation apps increased by a whopping 65% between 2018 and 2020."

Statistic 16

"Over 264 million people worldwide suffer from depression."

Statistic 17

"Mental, behavioral and neurological disorders account for 10.4% of the global burden of disease."

The statistics presented highlight the significant growth and importance of the mental wellness industry globally. The increasing market size and projections reflect a growing awareness and utilization of mental health resources, including apps and alternative treatments. However, the statistics also underscore the ongoing challenges, such as underutilization of mental health services, high prevalence of mental disorders, and the escalating burden of mental health issues worldwide. The surge in demand for mental wellness apps during the COVID-19 pandemic further emphasizes the need for accessible and effective mental health interventions. As the industry continues to evolve and expand, addressing barriers to care and improving mental health services are crucial in meeting the diverse needs of individuals seeking support for mental well-being.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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