Top Companies in Mental Health Apps Market | Key Players Market Insights, Growth Analysis, Company Size and Share | Comprehensive Forecast Report 2022-2028

Mental health applications are tools that can be accessed through a smartphone or other smartphone. These apps aim to increase users' self-awareness by attempting to control their moods

Top Companies in Mental Health Apps Market | Key Players Market Insights, Growth Analysis, Company Size and Share | Comprehensive Forecast Report 2022-2028
mental health apps market

Market Overview:

The Global Mental Health Apps Market was valued at USD 4.1 Billion in the year 2021 and is forecast to reach a value of USD 9.9 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 15.9% over the forecast period. The increase in penetration and the implementation of mental health applications because of their benefits to improve the mental health and wellbeing of patients and consumers and increasing awareness regarding mental health are major factors fuelling the Mental Health Apps market expansion. In addition, shifting trends from traditional care methods to patient-centric and personalized care support the adoption of mental health apps. Furthermore, mental health apps such as meditation management apps, depression and anxiety management apps, and wellness management apps are beneficial in maintaining an individual's overall health, thereby promoting a better lifestyle and reducing stress.

The COVID-19 outbreak has led to an increased usage of mental health-based platforms worldwide. The growing adoption of mobile health applications for maintaining mental and psychological health during the pandemic and the surge in remote monitoring are some aspects promoting market growth in 2020. In addition, the COVID-19 pandemic not only led to an increase in downloads of mental health apps but also increased awareness regarding mental health as a grave problem. This, in turn, has demonstrated a significant growth opportunity in the global Mental Health Apps market. 

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Some of the key players operating in the Mental Health Apps Market are listed below:

Company Name

Revenue in the US

  • MoodMission Pty Ltd.

<$5 Million

  • Headspace Inc.

$73 Million

  • Flow and Youper Inc.

<$5 Million

  • Sanvello Health

<$5 Million

  • Calm

$50 Million

  • Happify Inc

<$5 Million

  • Talkspace

$110 Million

  1. MoodMission Pty Ltd.

MoodMission is an app designed to facilitate people's coping with low moods, stress, and anxiety. The app offers users activities and mental health strategies depending on their mood level. These activities are based on cognitive behavioral therapy (CBT). In addition, the user can log activities into the app to keep track of progress. The company successfully raised $20,000 on Pozible via crowdfunding. The company is based in Glen Iris, Victoria, Australia, and its website is moodmission.com.

  1. Headspace Inc.

Founded in May 2010, Headspace, Inc. provides guided meditation resources through the mobile application. The company's application offers techniques that combine calming and insight meditation elements to bring calm, clarity, and improved feelings of wellbeing and happiness. Headspace serves customers worldwide. The company is located at 2415 Michigan Ave, Santa Monica, California, United States, and its website is www.headspace.com.

  1. Flow and Youper Inc.

Youper is an AI-powered telehealth platform for mental health founded by doctors, therapists, and engineers with the shared mission of making mental health accessible. It combines telehealth and artificial intelligence (AI) to make health care accessible for everybody. The company is headquartered at 548 Market St, San Francisco, California, United States, and its website is youper.ai.

  1. Sanvello Health

Based in Minneapolis, Minnesota, United States, Sanvello Health Inc. designs & develops healthcare software. The company provides stress, anxiety, and depression management tools and offers daily mood tracking, medication guide, and cognitive behavioral therapy solutions. The company's website is sanvello.com.                          

  1. Calm

Founded in May 2012, Calm.com Inc. operates as a relaxation application. The company provides a platform that encourages people to be mentally fit, meditate, and relax. In addition, it produces meditation products, including guided meditations and Sleep Stories. Calm.com serves customers at a global level. The company is headquartered at 140 2nd St, Third Floor, San Francisco, California, United States, and the website is www.calm.com.

  1. Happify Inc.

Happify Inc., founded in Jan 2012, operates as a behavior change technology company. The company develops a software-enabled health care platform to improve mental and physical health. In addition, Happify offers science-based activities and games that tackle topics such as resilience and mindfulness and conditions that range from depression and anxiety to chronic pain and insomnia. The company is a New York City-based company, and its website is www.happify.com.

  1. Talkspace

The New York City-based company provides online counseling services. Talkspace offers to counsel on relationships, anxiety, parenting, couples and teen therapy, lasting, Talkspace for business, and counseling for any other issues. The company serves consumers in the United States. The company's website is www.talkspace.com.

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