Mental Health - Japan

  • Japan
  • Revenue in the Mental Health market is projected to reach €1.79bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.11%, resulting in a market volume of €1.80bn by 2029.
  • In global comparison, most revenue will be generated in the United States (€10,880.00m in 2024).
  • In relation to total population figures, per person revenues of €284.80 are generated in 2024.

Key regions: United States, China, Japan, Canada, France

 
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Analyst Opinion

The Mental Health market in Japan has been experiencing significant growth in recent years, driven by various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.Customer preferences in the Mental Health market in Japan have evolved over time. There has been a growing awareness and acceptance of mental health issues among the general population. People are now more willing to seek help and support for their mental well-being, leading to an increased demand for mental health services. Additionally, the younger generation in Japan has shown a greater interest in self-care and personal development, which has further fueled the demand for mental health products and services.Trends in the market have also contributed to the growth of the Mental Health market in Japan. The rise of technology and digital platforms has enabled easier access to mental health resources and services. Online counseling and therapy platforms have gained popularity, providing convenient and affordable options for individuals seeking mental health support. Furthermore, there has been an increasing focus on holistic approaches to mental health, with a greater emphasis on mindfulness, meditation, and other alternative therapies.Local special circumstances in Japan have played a role in shaping the Mental Health market. The country has a high-stress work culture and a significant aging population, which has led to a higher prevalence of mental health issues such as anxiety and depression. This has created a greater demand for mental health services and solutions. Additionally, the government has been actively promoting mental health awareness and support, leading to increased funding and resources in the sector.Underlying macroeconomic factors have also contributed to the growth of the Mental Health market in Japan. The country has experienced a period of economic stagnation and uncertainty, which has had a negative impact on the mental well-being of individuals. As a result, there has been a greater focus on mental health as a key component of overall well-being, leading to increased investment in the sector.In conclusion, the Mental Health market in Japan has been growing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The increased awareness and acceptance of mental health issues, along with the rise of technology and digital platforms, have fueled the demand for mental health products and services. The unique local circumstances in Japan, such as the high-stress work culture and aging population, have further contributed to the growth of the market. Additionally, the government's efforts to promote mental health awareness and support have played a significant role in the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on companies' revenues, international institutes data, and global consumer survey data. Revenues refer to the retail value and include sales taxes.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use financial reports and third-party data. Next, we use relevant key market indicators and data from country-specific associations such as healthcare spending per capita, medical product spending per capita, and gross domestic product per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, S-Curve function, ARIMA time series model and exponential curve function. Data is modeled using current exchange rates.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. GCS data is reweighted for representativeness.

Visión general

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  • Analyst Opinion
  • Key Players
  • Burden of Disease
  • Global Comparison
  • Methodology
  • Demographics
  • Key Market Indicators
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