India Mental Health Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.30% (2024-2032)

Market Size in 2023: USD 14.2 Billion

Market Size in 2032: USD 19.1 Billion

The India mental health market is expanding, driven by rising awareness, digital mental health services, and increasing government support for mental wellness. According to the latest report by IMARC Group, the market size reached USD 14.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 19.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.30% during 2024-2032.

India Mental Health Market Trends and Drivers:

The growing consciousness about mental health issues, along with the rising occurrence of conditions such as depression, anxiety, stress-related disorders, etc., are the factors responsible for the growth of the India mental health market. Additionally, the market is propelling owing to factors like urbanization and fast-paced lifestyles, and the stigma around mental health is pushing more people to seek professional help.

Besides this, the initiatives by government authorities, such as the National Mental Health Program (NMHP), and efforts by various organizations to promote mental health awareness are helping to address the treatment gap. Moreover, the COVID-19 pandemic has heightened the need for mental health support, with a noticeable rise in demand for counseling, therapy, and psychiatric services. 

Key trends shaping the India mental health market include the increasing adoption of digital mental health platforms, offering services such as online therapy, counseling, and mental wellness apps. This has made mental health services more accessible, especially for individuals in remote areas. The rising integration of mental health services into primary healthcare settings is also contributing to market growth, as it helps in early diagnosis and treatment.

Another trend is the inflating focus on corporate mental health programs, as businesses recognize the importance of employee well-being. Furthermore, there is a growing demand for specialized mental health services for children and adolescents, driven by the increasing awareness of their unique psychological needs. These factors, along with advancements in telemedicine and digital health tools, are expected to drive the continued growth of the India mental health market in the coming years.

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India Mental Health Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Disorder:

• Schizophrenia
• Alcohol Use Disorders
• Bipolar Disorder
• Depression and Anxiety
• Post-traumatic Stress Disorder
• Substance Abuse Disorders
• Eating Disorders
• Others

Breakup by Service:

• Emergency Mental Health Services
• Outpatient Counselling
• Home-based Treatment Services
• Inpatient Hospital Treatment Services
• Others

Breakup by Age:

• Pediatric
• Adult
• Geriatric

Breakup by Region:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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