India Mental Health Market Valued at US$ 6.89 Bn in 2023 Poised to Reach US$ 62.86 Bn by 2032 | Astute Analytica

The India mental health market is projected to grow at a robust CAGR of 28.16% from 2024 to 2032,

CHICAGO, UNITED STATES, August 29, 2024 /EINPresswire.com/ -- The 𝐈𝐧𝐝𝐢𝐚 𝐦𝐞𝐧𝐭𝐚𝐥 𝐡𝐞𝐚𝐥𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭, which was valued at 𝐔𝐒$ 𝟔.𝟖𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑, is expected to experience unprecedented growth, reaching a market valuation of 𝐔𝐒$ 𝟔𝟐.𝟖𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐. This remarkable expansion is anticipated to occur at a compound annual growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟐𝟖.𝟏𝟔% during the forecast period from 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟐.

𝐓𝐡𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞- https://www.astuteanalytica.com/request-sample/india-mental-health-market

This growth is being driven by several key factors, including increased awareness about mental health issues, the rise in mental health disorders, and a growing demand for accessible mental health services across the country. The Indian government’s initiatives to improve mental health infrastructure and the increasing involvement of private healthcare providers are also contributing significantly to the market's expansion.

Additionally, the integration of technology in mental health services, such as telepsychiatry and mental health apps, is playing a pivotal role in reaching a larger segment of the population, particularly in rural areas where access to mental health professionals has traditionally been limited.

As the stigma surrounding mental health continues to diminish, more individuals are seeking help, which is reflected in the market’s rapid growth. With mental health being recognized as an essential component of overall well-being, the India mental health market is set to witness transformative developments in the coming years.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

𝐓𝐫𝐞𝐧𝐝: 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐓𝐞𝐥𝐞𝐡𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐌𝐞𝐧𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬

The increased adoption of telehealth and digital mental health market in India marks a significant evolution in the country's healthcare landscape. With the rapid proliferation of smartphones and internet penetration, digital platforms have become accessible to a broader segment of the population. As of 2023, 65% of the Indian population has internet access, facilitating the rise of telehealth services. Telehealth consultations for mental health issues have surged by 45% in the past two years. Additionally, mental health apps have witnessed a 30% increase in downloads, with over 200,000 new users in 2023 alone. The 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 pandemic played a crucial role in accelerating this trend, with 50% of mental health professionals shifting to teleconsultations during the lockdowns. Platforms like Practo and Mfine have reported a 60% rise in mental health-related queries, reflecting the growing reliance on digital solutions.

Moreover, the integration of artificial intelligence and machine learning in digital mental health tools has enhanced the quality and personalization of care. AI-driven chatbots, which saw a 40% increase in usage in 2023, are now capable of providing immediate support and resources to individuals in distress. Virtual reality therapy, though in its nascent stages, is gaining traction, with a 25% rise in trials and pilot programs across urban centers. Despite these advancements, challenges such as data privacy and the digital divide persist. Nevertheless, the digital mental health market in India is projected to grow at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐𝟖% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟐𝟖, highlighting its transformative potential in addressing the mental health crisis.

𝐓𝐨𝐩 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐌𝐞𝐧𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

• Apollo Hospitals Enterprise Limited
• Amaha
• Calm Inc.
• Cipla Limited
• ePsyClinic
• Headspace Inc.
• MindFitIndia Pvt. Ltd.
• Mindhouse
• Sun Pharmaceutical Industries
• Trijog Know Your Mind Pvt. Ltd.
• Talkspace Inc.
• Torrent Pharmaceuticals Ltd
• Wysa Ltd.
• YourDOST Health Solutions Pvt Ltd.
• Other Prominent Players

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐭𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐯𝐢𝐬𝐢𝐭:- https://www.astuteanalytica.com/industry-report/india-mental-health-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝐁𝐲 𝐃𝐢𝐬𝐨𝐫𝐝𝐞𝐫 𝐓𝐲𝐩𝐞

• Mood Disorders
o Depression
o Bipolar Disorders
o Others
• Anxiety Disorders
o Social Anxiety
o Panic Disorders
o Others
• Personality Disorders
o Antisocial Personality Disorder
o Borderline Personality Disorder
o Others
• Psychotic Disorders
o Schizophrenia
o Catatonia
o Others
• Eating Disorders
o Anorexia Nervosa
o Bulimia
o Binge Eating
o Others
• Trauma-related Disorders
o Substance Abuse Disorders
o Alcohol Abuse
• Drug Abuse
• Others

𝐁𝐲 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐓𝐲𝐩𝐞

• Intervention Counselling
o Individualized Therapy
o Group Therapy
o Family Counselling
o Discharge Planning
o Others
• Psychological Intervention
o Cognitive Behavioral Therapy
o Dialectical behavior therapy
o Medication evaluation & therapy
o Psychotherapy
o Trauma Therapy
o Dual diagnosis treatment
o Others

𝐁𝐲 𝐌𝐨𝐝𝐞 𝐨𝐟 𝐀𝐜𝐜𝐞𝐬𝐬

• In Person
• Online
• Telephonic

𝐁𝐲 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐆𝐫𝐨𝐮𝐩

• Pediatric
• Adult
• Geriatric

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞

• Hospitals
• Clinics
• Homecare Setting
• Rehabilitation Centres

𝐁𝐲 𝐈𝐧𝐝𝐢𝐚 (𝐒𝐭𝐚𝐭𝐞 𝐖𝐢𝐬𝐞)

• North India
o Uttar Pradesh
o Delhi
o Haryana
o Punjab
o Rajasthan
o Himachal
o J&K
• South India
o Tamil Nadu
o Karnataka
o Kerala
o Andhra Pradesh
o Telangana
• West India
o Gujarat
o Goa
o Madhya Pradesh
o Maharashtra
o Chhattisgarh
• East India
o West Bengal
o Bihar
o Assam
o Jharkhand
o Odisha
o Rest of East India

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/india-mental-health-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

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Astute Analytica
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