Market Highlights: Technology-based evaluations are gaining traction as key therapeutic tools for tracking an individual's mental health. Early identification of a person's mental health is becoming increasingly crucial to preserve the individual's life, therefore mental health gadgets and platforms help gather information, assess a person's behavior, and have huge growth potential. The most significant element contributing to the expanding demand for Mental Health Devices & Platforms is the growing workload and increasing stress levels at workplaces, which encourage the severity of mental diseases. The market study is being classified by Type (Platforms and Devices), by Application (Stress, Anxiety, Depression, Bipolar Disorder, Schizophrenia and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Emerging Mental Health Device and Platform are AbleTo, Inc. (United States), Calm (United States), Electromedical Products International, Inc. (United States), HAPPIFY HEALTH (United States), Headspace Inc. (United States), Lyra Health, Inc. (United States), Monsanto A/S (United States), Neuronetics (United States), Pear Therapeutics, Inc. (United States) and Psious (Spain).
Feb 2021, Halo Neuroscience was acquired by Flow Neuroscience AB. With this acquisition, Flow Neuroscience AB will be able to expand its research into mental health treatment devices. and Sept 2020, BFB Labs' Lumi Nova, a digital therapy for the treatment of anxiety, has been approved by the MHRA (Medicines and Healthcare Products Regulatory Agency) in the United Kingdom. Lumi Nova is now approved for the treatment of anxiety in children and adolescents aged seven to twelve.
Key Questions Answered in the Report What will the Emerging Mental Health Device and Platform Market size and the growth rate be in Future? What are the key factors driving the Emerging Mental Health Device and Platform Market? What are the key market trends and macro-economic impacting the growth of the Emerging Mental Health Device and Platform Market? What are the challenges to market growth? Who are the key vendors in the Emerging Mental Health Device and Platform Market? What are the market opportunities and threats faced by the vendors in the Emerging Mental Health Device and Platform Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Emerging Mental Health Device and Platform Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Emerging Mental Health Device and Platform market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Emerging Mental Health Device and Platform market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industry Association, Downstream Vendors, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.