Mental Health - Sweden

Sweden

Revenue in the Mental Health market is projected to reach US$335.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.27%, resulting in a market volume of US$352.60m 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$0.31k are generated in 2024.

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

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Analyst Opinion

The Mental Health market in Sweden is experiencing significant growth and development due to changing customer preferences and trends in the market. Customer preferences in the Mental Health market in Sweden are shifting towards a more holistic approach to mental well-being. Customers are increasingly seeking out services and products that address not only specific mental health conditions, but also promote overall mental wellness. This shift is driven by a growing awareness of the importance of mental health and the desire for a more balanced and fulfilling life. As a result, there is a rising demand for services such as therapy, counseling, and mindfulness practices, as well as products such as relaxation apps and stress-relief tools.Trends in the market reflect this shift towards holistic mental health. There is a growing emphasis on preventive mental health measures, with individuals proactively seeking out ways to manage stress, anxiety, and other mental health challenges before they escalate. This has led to an increase in the popularity of self-help resources, such as books, online courses, and mobile applications that provide tools and techniques for managing mental well-being. Additionally, there is a growing interest in alternative therapies and practices, such as yoga, meditation, and acupuncture, which are seen as complementary to traditional mental health treatments.Local special circumstances in Sweden contribute to the development of the Mental Health market. Sweden has a strong social welfare system that prioritizes mental health and provides accessible and affordable healthcare services. This supportive environment encourages individuals to seek help for their mental health concerns, leading to a higher demand for mental health services and products. Additionally, Sweden has a high level of digital literacy and technology adoption, which has facilitated the growth of online mental health platforms and telemedicine services.Underlying macroeconomic factors also play a role in the development of the Mental Health market in Sweden. The country has a stable economy with a high standard of living, which allows individuals to invest in their mental well-being. Furthermore, Sweden has a strong focus on work-life balance and employee well-being, with policies such as flexible working hours and generous parental leave. This emphasis on mental well-being in the workplace has created opportunities for businesses to offer mental health services and programs to employees.In conclusion, the Mental Health market in Sweden is evolving to meet changing customer preferences and trends. The shift towards a holistic approach to mental well-being, the emphasis on preventive measures, the local special circumstances, and the supportive macroeconomic factors all contribute to the growth and development 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.