Mental Health - Finland

Finland

Revenue in the Mental Health market is projected to reach US$102.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.39%, resulting in a market volume of US$108.00m by 2028.
In global comparison, most revenue will be generated in the United States (US$11,730.00m in 2024).
In relation to total population figures, per person revenues of US$206.20 are generated in 2024.

Key regions: United States, China, Japan, Canada, France

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Analyst Opinion

The Mental Health market in Finland has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Mental Health market in Finland have shifted towards a greater emphasis on holistic well-being and preventive care. Customers are increasingly seeking out mental health services to address issues such as stress, anxiety, and depression before they escalate into more serious conditions. This trend is in line with global market preferences, as individuals become more aware of the importance of mental health in overall wellness.Trends in the market reflect the growing demand for accessible and personalized mental health services. Online platforms and mobile applications have gained popularity, providing convenient and discreet access to therapy and counseling. The use of technology in mental health services has also enabled the development of innovative solutions, such as virtual reality therapy and digital mental health assessments. These trends align with the global market, where digital mental health solutions are gaining traction.Local special circumstances in Finland have contributed to the development of the Mental Health market. Finland has a high prevalence of mental health disorders, with depression and anxiety being common conditions. The Finnish government has recognized the importance of mental health and has implemented initiatives to improve access to services and reduce the stigma associated with seeking help. This supportive environment has created opportunities for growth in the market and has encouraged individuals to seek professional help for their mental health concerns.Underlying macroeconomic factors have also played a role in the development of the Mental Health market in Finland. The country has a strong economy with high levels of disposable income, allowing individuals to invest in their mental well-being. Additionally, the Finnish healthcare system provides universal coverage for mental health services, ensuring that individuals have access to affordable care. These factors have contributed to the growth of the market and have made mental health services more accessible to a wider population.In conclusion, the Mental Health market in Finland is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards holistic well-being, the use of technology, and the supportive environment for mental health services have all contributed to the growth of the market. With the continued focus on mental health and the availability of affordable and accessible services, the market is expected to continue to expand in the coming years.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.