Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,341.96 Million | USD 3,720.03 Million | 10.10% | 2023 |
The global online mental health counseling market size was worth around USD 3,341.96 million in 2023 and is predicted to grow to around USD 3,720.03 million by 2032 with a compound annual growth rate (CAGR) of roughly 10.10% between 2024 and 2032.
Online mental health counseling is a type of mental therapy facilitated by digital solutions. Mental health counseling through electronic items such as smartphones and laptops is also known as teletherapy. It is conducted through the Internet and has registered significant growth in demand over the last few years. Lockdown impositions caused by COVID-19 helped the industry gain significant growth momentum since telehealth was one of the few ways to access medical care during the time. Demand for online mental health counseling is driven by multiple factors.
For instance, the rise in the number of patients with several types of mental health conditions along with greater acceptance of medical assistance to treat mental disorders are some of the leading factors for higher growth. However, the online mental health counseling industry will be impacted by concerns over the efficiency of online counseling in serious cases along with the risk of data security breaches. The growing launch of new applications and programs along with corporate undertakings of online mental health sessions will generate growth opportunities in the future.
Growing number of patients with mental health conditions will fuel the market demand rate
The global online mental health counseling market is expected to grow due to the rising number of patients with psychological health. Mental health conditions refer to an extensive range of medical disorders that affect a person's behavior, thinking, and overall emotional well-being. Mental disorders impact the patient's quality of life. In case the conditions are left unchecked or untreated, mental health disorders can be extremely dangerous, leading to loss of life.
Some of the most common mental health conditions observed worldwide include bipolar disorder, anxiety disorders, depression, post-traumatic stress disorder (PTSD), and schizophrenia. In certain situations, multiple mental health conditions may exist in a person simultaneously.
Reports suggest that the growing number of suicide cases worldwide is a reflection of the vast majority of people suffering from mental conditions. According to the World Health Organization (WHO), 1 in every 8 people was living with some form of mental disorder in 2019.
As per the Connecticut General Assembly, 7 in every 100 men and 1 in every 100 women diagnosed with depression are most likely to commit suicide. The Centers for Disease Control and Prevention (CDC) estimated that around 49,000 people in the US died due to suicide in 2022. Such statistics are observed globally, thus requiring a higher demand for online mental health counseling.
Access to consumer electronics and growing awareness among the generation population will create higher market revenue
The surging sales of consumer electronics such as tablets, smartphones, and laptops will play an influential role in the demand for online mental health counseling. These devices along with the Internet are necessary to facilitate and provide access to online sessions.
As per market research, more than 4 billion people worldwide have access to smartphones. The increasing launch of new and affordable consumer electronics along with the introduction of 5G Internet infrastructure are expected to shape the global online mental health counseling market.
Questions over the efficiency of online sessions will limit the industry’s growth rate
The global industry for online mental health counseling is projected to be restricted due to the surging concerns over the model’s efficiency in delivering results. Mental health conditions are sensitive topics that must be handled with care. In-person mental health counseling helps patients and doctors develop a more cooperative relationship. The patient may not find the same type of comfort in the case of online sessions. Doctors may report cases such as non-compliance with treatment from the patient's end or may find it hard to detect certain conditions without looking at the body language in person.
Growing launch of new applications with advanced features and support from influential bodies will generate further expansion possibilities
The global online mental health counseling market is expected to generate more growth opportunities in the coming years. The market revenue will be propelled by the rising number of applications and programs available online offering counseling related to mental health.
In August 2024, Veda Rehabilitation & Wellness, in collaboration with popular Indian movie personality Suniel Shetty, announced the launch of the 'Let's Get Happi'. The platform aims to address the social stigma associated with mental health disorders. It provides 24/7 access to therapy along with other features such as assessment tests and meditations. Collaborating with influential role models can help market players reach a broader group of consumers in a limited time.
In April 2024, Headspace, a global leader providing a platform for comprehensive mental health conditions, announced that by the end of 2024, the tool will provide mental health coaching for its direct-to-consumer subscriber base along with therapy services. The tool offers several features, such as culturally responsive care, action-oriented care, and personalized support from experts.
Lack of awareness around mental health conditions and concerns over data privacy will challenge the market expansion trend
The global online mental health counseling industry is projected to be challenged by the lack of awareness around the importance of undertaking medical help in case of mental health conditions. Social stigma around medical issues such as paranoia, schizophrenia, depression, and other conditions is widely prevalent in developed and developing nations.
Moreover, digital portals providing mental health counseling run the risk of being affected by cybercrimes. Such events could result in a breach of patient information, including confidential data.
The global online mental health counseling market is segmented based on end-user, service type, and region.
Based on the end-user, the global market segments are corporate and personal. In 2023, the highest growth was observed in the personal segment. It deals with the use of mental health counseling applications and programs undertaken by individuals for receiving therapy either for themselves or loved ones.
The corporate segment is growing due to companies investing in employee welfare and emotional health. Several companies have provided online mental health counseling free of cost to their employees. According to a market survey, more than 79.9% of Indian employees are under extreme work-related stress.
Based on the service type, the global market divisions are text-based counseling, one-on-one counseling, phone-based counseling, group counseling, and others. In 2023, the highest demand was registered for the one-on-one counseling segment. The segmental demand is a result of a growing number of people with mild to severe mental health issues, including anxiety, panic attacks, and other severe problems. In 2023, more than 20% of the US citizens had anxiety disorder.
Report Attributes | Report Details |
---|---|
Report Name | Online Mental Health Counseling Market |
Market Size in 2023 | USD 3,341.96 Million |
Market Forecast in 2032 | USD 3,720.03 Million |
Growth Rate | CAGR of 10.10% |
Number of Pages | 226 |
Key Companies Covered | Brightside Health, BetterHelp, MyTherapist, Talkspace, Teen Counseling, Thriveworks, 7 Cups, MDLive, Doctor on Demand, Ginger, Amwell, Calmerry, Lemonaid Health, ReGain, Cerebral, and others. |
Segments Covered | By End-User, By Service Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe to take the lead during the projection period
The global online mental health counseling market will be led by Europe during the projection period. Market study indicates that Europe takes the lead in terms of employee welfare. The labor laws in most European nations are employee-centric, which encourages a higher number of corporate undertakings of services in the online mental health counseling segment.
In May 2023, around 9 online talking therapy treatments for depression and anxiety were given the green light to be used by the National Health Service (NHS) in the United Kingdom. Other countries that have taken wider measures to incorporate the mental health needs of the citizens include Spain, Netherlands, Portugal, and others.
In March 2021, German officials approved Deprexis, a digital mental health app through the Digital Apps (DiGAs) program, allowing digital apps to prescribe medicines. North America is likely to generate significant revenue over the forecast period. Regions such as Canada and the US will generate higher revenue influenced by the presence of key market players. Growing social acceptance of mental health disorders will promote acceptance of online mental health counseling.
The global online mental health counseling market is led by players like:
By End-User
By Service Type
FrequentlyAsked Questions
Online mental health counseling is a type of mental therapy facilitated by digital solutions.
The global online mental health counseling market is expected to grow due to the rising number of patients with psychological health.
According to study, the global online mental health counseling market size was worth around USD 3,341.96 million in 2023 and is predicted to grow to around USD 3,720.03 million by 2032.
The CAGR value of the online mental health counseling market is expected to be around 10.10% during 2024-2032.
The global online mental health counseling market will be led by Europe during the projection period.
The global online mental health counseling market is led by players like Brightside Health, BetterHelp, MyTherapist, Talkspace, Teen Counseling, Thriveworks, 7 Cups, MDLive, Doctor on Demand, Ginger, Amwell, Calmerry, Lemonaid Health, ReGain and Cerebral.
The report explores crucial aspects of the online mental health counseling market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed