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 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.  

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By Disorders, the market is primarily fragmented into 

Schizophrenia 

Alcohol Use Disorders 

Bipolar Disorder 

Depression 

Anxiety 

Eating Disorders 

Other Disorders 

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?  

What are the crucial market acquisition strategies and policies applied by companies? 

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.   

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