Mental Health - Southern Europe

Southern Europe

Revenue in the Mental Health market is projected to reach US$2.66bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.20%, resulting in a market volume of US$2.79bn 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$117.30 are generated in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Mental Health market in Southern Europe is experiencing significant growth and development. Customer preferences are shifting towards a greater focus on mental well-being, leading to an increased demand for mental health services and products. This trend is driven by several factors, including changing societal attitudes towards mental health, increased awareness and understanding of mental health issues, and the availability of more accessible and affordable treatment options.Customer preferences in Southern Europe are increasingly prioritizing mental health and well-being. People are becoming more aware of the importance of mental well-being and are seeking ways to improve and maintain it. This shift in mindset is reflected in the growing demand for mental health services and products, such as therapy, counseling, and self-help resources. Individuals are actively seeking out these resources to address their mental health concerns and improve their overall quality of life.One of the key trends in the Mental Health market in Southern Europe is the increasing availability and accessibility of mental health services. There has been a significant expansion in the number of mental health professionals, clinics, and online platforms offering mental health support. This increased availability allows individuals to access the help they need more easily and conveniently. Additionally, advancements in technology have made it possible for individuals to access mental health services remotely, further improving accessibility.Another trend in the market is the growing integration of mental health into primary healthcare. Primary care providers are increasingly recognizing the importance of addressing mental health concerns alongside physical health issues. This integration allows for early intervention and more comprehensive care for individuals with mental health conditions. It also helps reduce the stigma associated with seeking mental health support, as it becomes a routine part of healthcare.Local special circumstances in Southern Europe may also contribute to the development of the Mental Health market. The region has a rich cultural heritage that places a strong emphasis on family and community. This emphasis on social connections and support systems can play a positive role in mental health, as individuals are more likely to seek help and support from their loved ones. Additionally, the Mediterranean lifestyle, with its focus on healthy eating, physical activity, and relaxation, can contribute to overall well-being and mental health.Underlying macroeconomic factors, such as economic growth and government initiatives, also play a role in the development of the Mental Health market in Southern Europe. As economies in the region continue to grow, individuals have more disposable income to spend on mental health services and products. Governments are also recognizing the importance of mental health and are implementing policies and initiatives to improve access to mental health support.Overall, the Mental Health market in Southern Europe is experiencing significant growth and development due to changing customer preferences, increased availability and accessibility of services, local special circumstances, and underlying macroeconomic factors. This trend is likely to continue as mental health continues to gain recognition and importance in society.

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.