Mental Health - Greece

Greece

Revenue in the Mental Health market is projected to reach US$228.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.98%, resulting in a market volume of US$237.20m 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$193.40 are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Greece is experiencing significant growth and development.

Customer preferences: Customers in Greece are increasingly seeking mental health services to address their psychological well-being. There is a growing awareness and acceptance of mental health issues, leading to a higher demand for professional help. Additionally, the stigma surrounding mental health is gradually diminishing, encouraging more individuals to seek treatment and support.

Trends in the market: One of the key trends in the Mental Health market in Greece is the increasing adoption of teletherapy and online counseling services. This trend has been accelerated by the COVID-19 pandemic, which has limited in-person interactions and increased the need for remote mental health support. Teletherapy provides convenience and accessibility to individuals who may have difficulty accessing traditional face-to-face therapy sessions.Another trend in the market is the integration of technology into mental health services. Mobile applications and digital platforms are being developed to provide self-help tools, mindfulness exercises, and virtual support communities. These technological advancements offer individuals the opportunity to manage their mental health more independently and conveniently.

Local special circumstances: Greece has a high prevalence of mental health disorders, with depression and anxiety being the most common. The economic crisis that Greece experienced in recent years has had a significant impact on the mental health of its population. The combination of high unemployment rates, financial instability, and social challenges has contributed to an increased need for mental health services.

Underlying macroeconomic factors: The economic recovery of Greece plays a crucial role in the development of the Mental Health market. As the country continues to strengthen its economy, individuals have more disposable income to invest in their mental well-being. Additionally, government initiatives and policies that prioritize mental health services can further drive the growth of the market.In conclusion, the Mental Health market in Greece is witnessing growth due to changing customer preferences, such as an increased awareness of mental health and a decrease in stigma. The adoption of teletherapy and the integration of technology into mental health services are key trends in the market. Greece's high prevalence of mental health disorders and the impact of the economic crisis create local special circumstances that contribute to the market's development. The country's economic recovery and government support for mental health services are underlying macroeconomic factors that further drive the growth of the market.

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.