India Mental Health Market Report, Size, Trends & forecast 2032

The India Mental Health Market was valued at approximately USD 2 Billion in 2023 and is expected to grow at a robust CAGR of around 28.6% during the forecast period 2024-2032

A comprehensive overview of the India mental health market is recently added by UnivDatos Market to its humongous database. The India mental health market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the mental health market. The mental health market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the mental health market at the regional levels.

Market Overview

The India mental health market is expected to grow

on account of the higher prevalence of mental disorders in

states such as Tamil Nadu, Kerala, Telangana, Karnataka, Andhra Pradesh, among

others. Tamil Nadu, being one of the States in the high socio-demographic index

group, accounted for a high prevalence of depressive disorders, anxiety

disorders, and schizophrenia. These rising depressive and anxiety disorders

across South India have led to an increase in suicide cases. Also, in India, the state holds second place in the number

of suicides, as per the National Crime Record Bureau (NCRB), with at least 36

people taking the extreme decision every day in the state. In 2019, a total of

13,493 people killed themselves in Tamil Nadu, giving it a 9.7% share. Topping the list is Maharashtra with 18,916 and in third

place in West Bengal with 12,665. Owing to these facts, the government in various states of

India has been implementing various mental health policies which in turn is

propelling the mental health market in the country.

COVID-19 Impact

The COVID-19

pandemic has provided tremendous research resources while also highlighting the

threat of deadly epidemic-prone diseases worldwide. The COVID-19 pandemic has significantly impacted the mental health market. This is because many people are facing

challenges that can be stressful, overwhelming, and cause strong emotions in

adults as well as in children. Thereby, fostering the

demand for mental health services.

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India mental health market report is studied thoroughly with several aspects that

would help stakeholders in making their decisions more curated.

By Disorders, the market is

primarily fragmented into

Schizophrenia

Alcohol Use Disorders

Bipolar Disorder

Depression

Anxiety

Eating Disorders

Other Disorders

Amongst Disorders, the depression segment of the India mental health market was valued at USD XX billion in 2020 and is likely to

reach USD XX billion by 2028 growing at a CAGR of XX% from 2022-2028.

By Services, the market is

primarily segmented into

Emergency Mental Health Services

Home-based Treatment Services

Inpatient Hospital Treatment Services

Other Services

By services, the inpatient hospital treatment services segment dominated the India mental health market and will row at XX% CAGR to reach US$ XX billion by the year 2028.

By Age Group, the market is

primarily segmented into

Pediatric

Adult

Geriatric

By age group,

the adult segment dominated

the India mental health market and will row at XX% CAGR to reach US$ XX billion by the year 2028.

Mental health Market Geographical Segmentation Includes:

North India

South India

West India

East India

Geographically, the South India region dominated the mental health market with almost US$ XX billion revenue in 2020 owing to the growing prevalence of mental health illnesses in the region.

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Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several

leading key players operating in the country. The specialist

team of research analysts sheds light on various traits such as market competition,

market share, most recent industry advancements, innovative product launches,

partnerships, mergers, or acquisitions by leading companies in the India mental health market. The major players have been analyzed by using research methodologies

for getting insight views on competition.

Key questions resolved through this analytical market

research report include:

What are the

latest trends, new patterns, and technological advancements in the India mental health market?

Which factors are influencing the India mental health market over the forecast

period?

What are the challenges, threats, and risks in the India mental health market?

Which

factors are propelling and restraining the India mental health market?

What are the demanding regions of the India mental health market?

What will be the market size in the upcoming years?