Global Mental Health Screening Market expected to grow to $2.62 billion by 2033
From GlobeNewswire: 2024-06-18 16:00:00
The Global Mental Health Screening Market is projected to grow from $0.86 billion in 2023 to $2.62 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 11.78%. The rise in market size is attributed to increased awareness, technological advancements, and the changing societal perception of mental health.
Mental health screenings involve medical professionals asking standard questions to assess symptoms of mental illness. Early diagnosis is crucial, as screenings help identify conditions that may require further testing for confirmation. Lack of awareness contributes to underutilization of mental health resources for treatment and management of disorders.
Self-reported questionnaires & surveys dominate the mental health screening market due to affordability, accessibility, and availability in multiple languages. AI-based screening tools are expected to experience the fastest growth, driven by advancements in AI technology and the need for accurate, scalable solutions in mental health screening.
Cognitive disorders are projected to grow at the highest rate in the mental health screening market due to factors like an aging population, increased neurodegenerative diseases, and improved access to screening tools. North America is anticipated to hold the largest market share, supported by a growing patient population and government initiatives to improve mental health care.
In Asia Pacific, the market is expected to grow rapidly, driven by the rising prevalence of mental health disorders and government initiatives to improve mental health care access. Major vendors in the mental health screening market include Clarigent Corporation, Ellipsis Health, Inc, and others, offering innovative solutions in the space.
Read more at GlobeNewswire: Global Mental Health Screening Market Size To Worth USD