https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

AI-Powered Mental Health Apps Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Dec 2024

Report ID: ARC3733

Pages : 250

Format : AI-Powered Mental Health Apps Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global AI-Powered Mental Health Apps Market Size accounted for USD 1,272.5 Million in 2023 and is estimated to achieve a market size of USD 8,469.3 Million by 2032 growing at a CAGR of 23.6% from 2024 to 2032.

AI-Powered Mental Health Apps Market Highlights

  • The global AI-powered mental health apps market is expected to reach USD 8,469.3 million by 2032, growing at a CAGR of 23.6% from 2024 to 2032
  • In 2023, North America accounted for approximately USD 534.45 million of the AI-powered mental health apps market value
  • The Asia-Pacific AI-powered mental health apps market is projected to grow at a CAGR of over 24.9% from 2024 to 2032
  • In 2023, the software sub-segment represented 74% of the market share within AI-powered mental health apps
  • The natural language processing sub-segment held 39% of the market share in 2023, based on technology
  • Anxiety disorder accounted for 30% of the share in the AI-powered mental health apps market
  • Growing use of natural language processing (NLP) for real-time emotional support is the AI-powered mental health apps market trend that fuels the industry demand

AI-Powered Mental Health Apps Market Dynamics

AI-powered mental health apps employ artificial intelligence to deliver personalized mental health support via a variety of technologies such as chatbots, mood tracking, and cognitive behavioral therapy (CBT) activities. AI-powered chatbots such as Woebot and Wysa use cognitive behavioral therapy approaches to effectively relieve symptoms of sadness and anxiety, as proven by user feedback and early research.

Furthermore, AI assists in recognizing early indicators of mental health concerns by tracking user behavior and emotions. According to the National Institute of Health (NIH), the AI model achieved a high level of accuracy (89.3%) in recognizing early indicators of mental health crises, with an average lead time of 7.2 days before human expert identification. The technology enables more accessible, economical, and immediate care, especially for underserved populations.

Global AI-Powered Mental Health Apps Market Dynamics

Market Drivers

  • Rising prevalence of mental health disorders globally
  • Increasing smartphone penetration and digital literacy
  • Demand for affordable, accessible mental health solutions

Market Restraints

  • Data privacy and security concerns among users
  • Limited regulatory frameworks for AI-driven health apps
  • Potential inaccuracies in diagnosis or recommendations

Market Opportunities

  • Integration with wearable devices for enhanced health monitoring
  • Expansion in emerging markets with mental health awareness campaigns
  • Advances in natural language processing for improved user engagement

AI-Powered Mental Health Apps Market Report Coverage

Market AI-Powered Mental Health Apps Market
AI-Powered Mental Health Apps Market Size 2022

USD 1,272.5 Million

AI-Powered Mental Health Apps Market Forecast 2032 USD 8,469.3 Million
AI-Powered Mental Health Apps Market CAGR During 2023 - 2032 23.6%
AI-Powered Mental Health Apps Market Analysis Period 2020 - 2032
AI-Powered Mental Health Apps Market Base Year
2022
AI-Powered Mental Health Apps Market Forecast Data 2024 - 2032
Segments Covered By Offering, By Technology, By Disorder, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Fortis Healthcare, NextGen Healthcare, Wysa Ltd, Woebot Health, Spring Care Inc., Lyra Health Inc., New Life Solution Inc. (meQ), Syra Health, Limbic, Kintsugi Mindful Wellness Inc., Aiberry, Ellipsis Health, SilverCloud (American Well Corporation), and Headspace Health.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

AI-Powered Mental Health Apps Market Insights

Anxiety problems are becoming more common around the world, which is driving demand for AI-powered mental health apps. Individuals are seeking accessible and affordable mental health treatments in response to increased stress levels caused by work pressures, social isolation, and economic uncertainty. The 2024 findings of the American Psychiatric Association's annual mental health poll suggest that US adults are feeling increasingly anxious. In 2024, 43% of respondents reported feeling more anxious than the previous year, up from 37% in 2023 and 32% in 2022. AI-powered apps offer on-demand assistance, individualized coping tactics, and real-time interventions, making them an enticing option for successful anxiety management.

Additionally the increasing prevalence of smartphones and higher digital literacy has greatly increased the accessibility of AI-powered mental health apps. For instance, by April 2024, the activities had resulted in considerable increases in digital access and usage, closing the digital divide and promoting ubiquitous connectedness. This transition has enabled high-speed internet access for the great majority of the people, creating a solid basis for India's digital future. Smartphones allow consumers to access mental health resources at any time and from any location, which promotes wider adoption.

Concerns about data privacy and security arise when the risks of data breaches, unauthorized access, and personal information misuse increase. These concerns diminish user trust, leading to caution in implementing remedies and stifling market growth. However, the expansion into emerging markets, combined with increased mental health awareness campaigns, creates a big opportunity for AI-powered mental health apps. For instance, the 2024 theme Mental Health at Work focuses on the strong connection between mental health and the workplace. Since most people work, it’s vital to address mental health at work. Creating safe, supportive environments can improve mental well-being, while bad conditions can harm it. The theme stresses the need for everyone to work together to make workplaces healthier and more supportive for mental health. These programs encourage the use of accessible, technology-driven solutions to meet unmet mental health.

AI-Powered Mental Health Apps Market Growth 2024 - 2032

AI-Powered Mental Health Apps Market Segmentation

The worldwide market for AI-powered mental health apps is split based on offering, service, disorder, end-user, and geography.

AI-Powered Mental Health Apps Market By Offering

  • Software
  • Services

According to the AI-powered mental health apps industry analysis, software dominates the market because of its potential to provide tailored, scalable, and cost-effective mental health solutions. Advanced algorithms and machine learning enable real-time monitoring, symptom tracking, and personalized therapies. These apps offer accessible mental health care at any time and from any location, responding to a wide range of user needs. Continuous innovation in app features, such as chatbot treatment, cognitive behavior tools, and mood analysis, strengthens the software's market leadership

AI-Powered Mental Health Apps Market By Technology

According to the AI-powered mental health apps industry analysis, NLP enables apps to evaluate user inputs, recognize emotional indicators, and deliver personalized replies or interventions in real time. This technology powers important features such as chatbot treatment, sentiment analysis, and speech-to-text capabilities, which improve user engagement and accessibility. NLP's capacity to efficiently understand and analyze human language makes it an essential tool for providing empathic and effective mental health care.

AI-Powered Mental Health Apps Market By Disorder

  • Anxiety
  • Depression
  • Schizophrenia
  • Post-Traumatic Stress Disorder (PTSD)
  • Insomnia
  • Others

According to the AI-powered mental health apps market forecast, anxiety dominates the market due to its widespread incidence and strong impact on mental health outcomes. Many people want easy and convenient ways to control their anxiety, therefore AI-powered apps are mostly focused on this. These apps use AI technologies like natural language processing (NLP) and machine learning to provide individualized interventions such as relaxation exercises, cognitive behavioral therapy (CBT), and real-time assistance. This market segment's rise is being driven by the demand for effective, anytime-anywhere anxiety management solutions.

AI-Powered Mental Health Apps Market By End-User

  • Hospitals and Clinics
  • Mental Health Centers
  • Research Institutions
  • Others

According to the AI-powered mental health apps market forecast, hospitals and clinics are likely to grow rapidly as end users because of the increased integration of digital health solutions. These institutions are implementing AI-powered apps to improve patient care, provide real-time monitoring, and facilitate mental health therapies. AI-powered apps provide hospitals and clinics with a low-cost option to monitor patient health and progress remotely. As healthcare institutions work to increase access and improve outcomes, the demand for AI-powered mental health apps in these settings is expected to grow.

AI-Powered Mental Health Apps Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

AI-Powered Mental Health Apps Market Drivers

AI-Powered Mental Health Apps Market Regional Analysis

For several reasons, North America dominates the AI-powered mental health apps market due to the high adoption of technology, robust healthcare infrastructure, and a strong focus on mental health awareness. The region benefits from significant investments in AI and digital health, to support digital technology for mental health care. For instance, MedLM, a medical generative AI, was launched in December 2023 by Google, Inc. to promote digital technology in healthcare. Additionally, widespread access to smartphones and digital health solutions further drives the market growth.

Asia-Pacific is growing rapidly in the AI-powered mental health apps market, driven by increasing smartphone penetration and a rising awareness of mental health issues. For instance, a 2023 survey of 787 north Indian medical students found that 37.2 percent had suicidal thinking, 10.9 percent had suicide plans, and 3.3% attempted suicide. Governments and healthcare providers in countries like China, India, and Japan are investing in digital health technologies, which are accelerating the adoption of AI-powered apps.

AI-Powered Mental Health Apps Market Players

Some of the top AI-powered mental health apps companies offered in our report include Fortis Healthcare, NextGen Healthcare, Wysa Ltd, Woebot Health, Spring Care Inc., Lyra Health Inc., New Life Solution Inc. (meQ), Syra Health, Limbic, Kintsugi Mindful Wellness Inc., Aiberry, Ellipsis Health, SilverCloud (American Well Corporation), and Headspace Health.

Frequently Asked Questions

How big is the AI-powered mental health apps market?

The AI-powered mental health apps market size was valued at USD 1,272.5 million in 2023.

What is the CAGR of the global AI-powered mental health apps market from 2024 to 2032?

The CAGR of AI-Powered Mental Health Apps is 23.6% during the analysis period of 2024 to 2032.

Which are the key players in the AI-powered mental health apps market?

The key players operating in the global market are including Fortis Healthcare, NextGen Healthcare, Wysa Ltd, Woebot Health, Spring Care Inc., Lyra Health Inc., New Life Solution Inc. (meQ), Syra Health, Limbic, Kintsugi Mindful Wellness Inc., Aiberry, Ellipsis Health, SilverCloud (American Well Corporation), and Headspace Health.

Which region dominated the global AI-powered mental health apps market share?

North America held the dominating position in AI-powered mental health apps industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of AI-powered mental health apps during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global AI-powered mental health apps industry?

The current trends and dynamics in the AI-powered mental health apps industry include rising prevalence of mental health disorders globally, increasing smartphone penetration and digital literacy, and demand for affordable, accessible mental health solutions.

Which offering held the maximum share in 2023?

The software offering held the maximum share of the AI-powered mental health apps industry.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date