Mental Health Centers Market News PowerPoint PPT Presentations

The mental health centers market comprises of establishments providing healthcare and rehabilitation services to the mentally different and intellectually challenged. Mental illnesses can vary from anxiety and bipolar disorder to paranoia and personality disorder. The market is further classified into residential and outpatient centers.

The global mental health software and devices market is estimated to garner a revenue of USD 13367.12 Million by the end of 2030, by growing at a CAGR of 13.28% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market generated a revenue of USD 3883.94 Million. The growth of the market can be attributed to the growing prevalence of different types of mental disorders amongst individuals worldwide, and the rising awareness to treat these diseases. According to the statistics by the World Health Organization (WHO), around 264 Million people were affected by depression around the world.

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Outpatient clinics play a pivotal role in the healthcare ecosystem, offering a wide range of medical services and treatments outside of traditional hospital settings. The global outpatient clinics market is witnessing steady growth, fueled by factors such as increasing healthcare expenditures, rising prevalence of chronic diseases, advancements in medical technology, and a shift towards value-based care models. The global outpatient clinics market is forecast to expand at a CAGR of 4.3% and thereby increase from a value of US$40.7 Bn in 2023, to US$54.7 Bn by the end of 2030.

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Though the electric and hybrid bus market is in its initial phase but the rising venture funding and technological development are significantly driving the market. According to Goldstein Research, global electric & hybrid bus market is expected to reach 40,067 units by 2024, growing at a CAGR of 25.3% over the forecast period 2016-2024.

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