Artificial Intelligence (AI) in Mental Health Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global artificial Intelligence (AI) in mental health market is anticipated to grow at a CAGR of 38.1% during the forecast period (2023-2030). In recent years, technological advancements have significantly impacted the field of mental health, particularly with the integration of Artificial Intelligence (AI). There is a conisderable surge in the use of AI-powered tools such as natural language processing, machine learning, deep learning, chatbots, and virtual assistants in mental health markets. These technologies play a vital role in providing support, advice, and communication channels for individuals undergoing mental health treatments.

Chatbots have emerged as a crucial tool in mental health care, offering continuous support to patients. They can assist individuals in coping with symptoms and identify specific keywords that might necessitate human intervention. According to the National Institute for Mental Health, there are over 13 million Americans dealing with serious mental illnesses. Technology, especially AI, has become instrumental in addressing this challenge. For instance, Chatbots can automate tasks like recognizing emotions, enabling the automation of screening, diagnosis, treatment recommendations, and psychosocial therapy.

Apart from this, according to the the Centers for Disease Control and Prevention (CDC), nearly 11% of adults have seriously contemplated suicide. In such a scenario, technology acts as a lifeline, providing timely assistance and support. Thus, the software manufacturers are conducting R&D activities to introduce advanced and technologicaaly-ugraded mental health care services. For instance, in September 2021, lyra health introduced the first technology-integrated care solutions designed to address serious mental health issues such as alcohol use disorder (AUD), suicidality, and other complex mental health diagnoses. the company is a comprehensive treatment program that helps people reduce drinking or attain sobriety and addresses problematic alcohol use through virtual therapy, group sessions, ongoing symptom assessments, peer recovery support specialists to help members stay on track, digital lessons that teach coping skills, and medication to fight cravings.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Component
By Technology
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Lyra Health, Inc., Marigold Health, New Life Counseling, Mental Health LLC, and others.

Artificial Intelligence (AI) in Mental Health Market Report Segment

By Component

Software
Services
Hardware

By Technology

Machine Learning (ML) and Deep Learning
Natural Language Processing (NLP)
Virtual Reality (VR)/ Augmented Reality (AR)
Others (Analytics, Speech Recognition, Computer Vision)

By Application

Patient Behavioral Pattern Recognition
Mental health diagnosis and assessment
Personalized treatment
Virtual Therapies and chatbot support
Mental Health Monitoring and Tracking
Research and Development

A full Report of Artificial Intelligence (AI) in Mental Health Market is Available @  https://www.omrglobal.com/industry-reports/ai-in-mental-health-market

Artificial Intelligence (AI) in Mental Health Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Biobeat
io, Inc.
Meru
Mindspring Mental Health Alliance
New Life Solution, Inc.
Quartet
Spring Care Inc.
Talkspace
Woebot Health
Wysa Ltd.

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