A study by Ariston revealed that the Asia Pacific (APAC) region has logged the fastest-growing CAGR of 13.18% in the global mental health technology market from 2024 to 2030.
“APAC has become a hotspot for mental health tech startups, especially in countries like Singapore, India, Japan, and South Korea. Startups are leveraging AI, chatbots, digital CBT, and behavioural analytics to create engaging and personalised tools,” the report titled “The global mental health technology market” noted.
Globally, the mental health technology market size is expected to grow at a CAGR of approximately 12.58% from 2024 to 2030. The market was valued at USD 15.22 billion in 2024 and is expected to reach USD 30.98 billion by 2030.
Market trends
Global trends in the market include the following:
- AI-driven mental health solutions, including chatbots and virtual therapists, offer 24/7 support
- Teletherapy and virtual counselling that offer flexibility and accessibility
- Wearable devices such as the Apple Watch, Fitbit, and Whoop can monitor physiological indicators (sleep patterns, heart rate variability (HRV), and stress levels)
- Mobile app ecosystem for mental health that offers guided meditation, mood tracking, cognitive behavioural therapy (CBT) tools, and personalised mental health plans
Market drivers
The report noted that mental illness, a subject often stigmatised in the region, particularly among elderly segments, is being addressed by the younger generation (18-35 age group). They are showing larger receptivity to experimenting with self-help tools, AI chatbots, and online counselling platforms.
As smartphones and internet connectivity become more widespread across the APAC region, mental health services via mobile platforms are becoming increasingly accessible.
Market restraints
Despite its high potential, several factors challenge the mental health technology market, including regulatory uncertainty and concerns over privacy and security.
