The global artificial intelligence (AI) in mental health market size is expected to reach USD 10,334.09 million by 2032, according to a new study by Polaris Market Research. The report “Artificial Intelligence (AI) in Mental Health Market Share, Size, Trends, Industry Analysis Report, By Component (Software-as-a-Service and Hardware); By Technology; By End User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing incidences of various mental health disorders such as depression, anxiety, and PTSD (post-traumatic stress disorder) and growing advancements in artificial intelligence, natural language processing, and machine learning enabled the development of advanced or sophisticated algorithms capable of analyzing large amounts of data, are prominent factors driving the global market growth.
As more people than ever across the world are seeking help for several mental health problems, including anxiety and depression, that is creating significant pressure on already-stretched healthcare and therapeutic services. Thus, artificial intelligence-powered technologies could be a possible solution that reduces the dependence or reliance of patients on traditional diagnostic solutions, with AI technologies offering higher accuracy, accessibility, and effectiveness.
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Furthermore, several studies are being done by healthcare companies and research institutions to uncover the new potential of AI in mental health. Additionally, governments of various emerging economies have been fairly proactive towards the approach of digital mental health and implementing favorable policies or initiatives for rapid advancements in the field of mental healthcare. For instance, in October 2022, the Indian government announced the launch of a tele-mental health program named “Tele MANAS” as a means of facilitating 24x7 remote access to mental healthcare. Also, Tele MANAS is going to be integrated with eSanjeevani, which is a government initiative for on-time video-based consultations with doctors.
Artificial Intelligence (AI) in Mental Health Market Report Highlights
Polaris Market Research has segmented the artificial intelligence (AI) in mental health market report based on component, technology, end user, and region:
Artificial Intelligence (AI) in Mental Health, Component Outlook (Revenue - USD Million, 2023 - 2032)
Artificial Intelligence (AI) in Mental Health, Technology Outlook (Revenue - USD Million, 2023 - 2032)
Artificial Intelligence (AI) in Mental Health, End User Outlook (Revenue - USD Million, 2023 - 2032)
Artificial Intelligence (AI) in Mental Health, Regional Outlook (Revenue - USD Million, 2023 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 1,202.50 million |
Revenue Forecast in 2032 |
USD 10,334.09 million |
CAGR |
30.8% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
Segments Covered |
|
Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |