North America Mental Health Apps Market

North America Mental Health Apps Market Size (2022 to 2027)

The mental health apps market in North America is forecasted to be growing at a CAGR of 15.86% from 2022 to 2027 and worth USD 3.49 billion by 2027 from USD 1.67 billion in 2022.

Owing to the penetration of smartphones and the internet, the North American market for mental health apps is expected to see significant growth during the forecast period. The demand for mental health apps is also expected to be driven by the increasing stress level, sedentary lifestyles of the people, and the rising stress levels in society caused by drug addiction. These mental health apps provide various benefits, i.e., improving treatment outcomes and lifestyle improvements, owing to which the demand increases. In addition, the mental health apps enhance self-awareness among the users by controlling their mood, maintaining good habits, and cultivating positive thinking.

Other factors such as anxiety disorders, mood disorders like depression and bipolar disorders, eating disorders, psychotic disorders, personality disorders, and trauma-related disorders are expected to boost the usage of mental health apps and thus the market's growth during the forecast period. In addition, the growing awareness among people about mental health is another significant factor promoting the market's growth rate.

The technological advancements in the healthcare sector and the increasing adoption of innovative mental healthcare apps favor the mental health apps market in this region.  Furthermore, the recent global pandemic has increased the demand for mental health apps considerably. Many people in the North American region have been forced to confine themselves to their homes to prevent disease spread. It has caused people to feel lonely; also, stressful office working hours and other circumstances have led to the use of mental health-based platforms across North America. As a result, the growing number of downloads for mental health apps and increased downloads during the COVID-19 pandemic are important drivers driving the market growth.

On the other hand, the increasing initiatives and investments by the private government organizations to create awareness about digital technology. Moreover, digitalization has become more prominent as companies begin shifting extensively to the digital world, which is expected to provide lucrative growth opportunities for the market players.

However, the security concerns and the high cost of smart devices restrict the growth of the mental health apps market in North America. 

This research report on the North American mental health apps market has been segmented and sub-segmented into the following categories.

By Platform:

• Android
• iOS
• Others

By Application:

• Depression and Anxiety management
• Stress management
• Meditation management
• Wellness management
• Others

By Country:

• The United States
• Canada
• Rest of North America

Geographically, the North American region occupied the most significant global mental health apps market share in 2021. Furthermore, it is anticipated to continue holding the dominance throughout the forecast period. The regional market growth is driven by the factors such as the presence of a well-established healthcare infrastructure, technological advancements, favorable reimbursement policies, and the presence of key market players.

The U.S. market held the largest share of the North American region in 2021. The growing awareness, rising geriatric population, and high healthcare expenditure boost market growth. Also, increasing mobile usage and IoT connectivity. Further, the improving lifestyles and fast-paced lives have contributed to the mental health apps in the United States. 

On the other hand, the Canadian market is projected to witness a promising share in the North American market during the forecast period. Increasing awareness about the health consciousness, growing investments in research and development for advanced technologies, and rising usage of smartwatches are propelling the market growth. 

KEY MARKET PLAYERS:

Companies playing a leading role in the North American mental health apps market profiled in this report are Addicaid, NOCD Inc., Talkspace Network, CVS HealthAurora, Headspace Inc., Health CareCalm, cups of TeaSanvello, and Happify Inc.