An increase in the prevalence of chronic diseases such as diabetes, hypertension, obesity, and others, and a rise in awareness about the benefits associated with online coaching in developing countries like India and China boost the growth of the market.
The global behavioral health market was valued at $41.7 billion in 2021 and is projected to reach $66.6 billion by 2031, with a CAGR of 4.7% between 2022 and 2031.
Mental health is a state of psychological wellbeing or an absence of any mental illness. It refers to an individual’s psychological level of functioning at a suitable level of behavioral and emotional adjustment. Disturbance or imbalance in this mental state drive the prevalence of mental illness or disorders. Mental illness can cause abnormal behavior and unusual thoughts and feelings for a certain period of time, which causes distress or emotional or physical impairment.