Emerging Mental Health Device and Platform Market Scope
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 Emerging Mental Health Device and Platform market study is segmented by Type (Platforms and Devices), by Application (Stress, Anxiety, Depression, Bipolar Disorder, Schizophrenia and Others) and major geographies with country level break-up.
Mergers and acquisitions, expansions, investments, new service launches, and collaborations are some of the companies' preferred market-exploration strategies. To Competitive advantage through synergy, players are growing and acquiring businesses in new geographies. The company is contributing its share to growing the market. In Oct 2020 COVID-19 Behavioural Health Indicator (COBI) was developed by Bright-line Medical Associates, Inc. to aid parents in monitoring their children's mental health.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Quartet Health (United States), Talkspace (United States), Teladoc Health, Inc. (United States) and Ybrain, INC. (South Korea).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Emerging Mental Health Device and Platform market by Type, Application and Region.
On the basis of geography, the market of Emerging Mental Health Device and Platform has been segmented into 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).
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.
- Increasing Digitization and High Demand for Online Platforms
- Funding Activity in the Digital Mental Health Landscape Is Growing
- Emerging Markets Are Increasingly Using Digital Mental Health Solutions
- Development of Portable Mental Health Devices in Developing Countries
- Novel Therapies for Mental Illness Treatment
- Huge Shortage of Clinically Validated Scientific Data
- User Data Privacy or Security Concerns
- Increasing Competitions among the Manufactures
Key Target AudienceIndustry Association, Downstream Vendors, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Emerging Mental Health Device and Platform Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2027.