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The global emerging mental health devices and platforms market is projected to reach $18,717.5 million by 2030.
In the pre-COVID-19 scenario, the market was expected to grow at the compound annual growth rate (CAGR) of 21.15% during the forecast period 2021-2030.
However, the COVID-19 pandemic has resulted in a significant increase in teleconsultations, adoption of mental health mobile platforms, and a surge in funding activities for ensuring the mental wellbeing of the global population. Moreover, the COVID-19 pandemic is anticipated to have a prolonged impact on the market.
Due to the pandemic, the market is anticipated to register robust growth with a CAGR of 24.69% during the forecast period 2021-2030.