Anxiety Economy: Market Size

To calculate the global economic impact of anxiety disorders, we started the research to find any precompiled market research reports that highlight the anxiety disorder market size. We came across multiple reports that feature the treatment market size for anxiety-related disorders, but these reports did not focus on broader aspects of the disorder’s impact. Next, we tried to identify the industries or market segments that were directly affected by anxiety disorders, like — meditation, mental health apps, non-drug-related therapies, yoga, stress management, etc.

Considering the breadth of market segments that can be impacted due to anxiety disorders, we tried to compile the market size of prominent industries that are directly affected by anxiety disorders. We referenced credible market research reports, media publications, segment analysis reports, and healthcare stats like — Euro monitor, Zion Research, SBWire, Global Wellness Institute, Yoga Journal, Grand View Research, Goldstein Research, Entrepreneur, Data Bridge Market Research, Industry Arc, The Guardian, Fox Business, and Analyst View.

We were able to shortlist the industries that are directly affected by anxiety disorders; they include — anxiety behavioral rehabilitation, anxiety drug therapies, stress management supplements, sleeping aids, mental health software, tele mental health, mental health apps, yoga, and anxiety treatment accessories. Next, we calculated the total economic impact by summing up the individual industry segment’s market size. The details of our findings are presented below.

It’s estimated that over 1.1 billion people had a mental or substance use disorder in 2016 and the largest number of people are affected by anxiety disorder at around 4% or 275 million people globally. According to the Global Wellness Institute, the total global wellness industry is worth $4.2 trillion, and contribution by the mind and body fitness segment is worth $595 billion in 2017. It is reported that the US loses about 225 million working days due to mental stress in its workforce.
Behavioral Rehabilitation
In 2017, the Grand View Research published a report that reveals the global behavioral rehabilitation market size to be $188 billion of which over 37% or $69.5 billion belonged to the US alone. The report highlights the contribution of anxiety-related behavioral rehabilitation services to be over 30% or about $56 billion.
Anxiety Disorders Treatment
According to a recent report by Analyst View, the global market size of anxiety disorders in 2018 was $15.32 billion and is expected to reach $18.23 billion by 2025, growing with a CAGR of 2.2%. It is noted that Serotonin based drug therapies held the highest market share with more than 60% revenue share collectively. The market segment for therapy treatment of anxiety disorders is dominated by Transcranial Magnetic Stimulator (TMS) and Fischer Wallace Stimulator (FWS) therapy with a collective revenue of $1.5 billion. According to a 2018 report by Industry ARC, the global generalized anxiety disorder (GAD) market is projected to reach $7.5 Billion by 2023, from the current $6.63 billion with a CAGR of 2.5%. It is noted that North America held the highest market share, followed by Europe and the APAC region.
Stress Management Supplements
According to the Goldstein Research, the stress management supplements market is directly impacted by the incidence anxiety disorders globally, it also highlights the high demand for anxiety and stress management products will drive the market to reach $16.7 billion by 2025, from the current $13.92 billion growing at a CAGR of 2.3%.
Sleep Aids
According to the 2017 report by Euro monitor, the global sleep aids and stress relievers market for OTC drugs was found to be $2.2 billion in 2016 growing at a CAGR of 3.3% and is expected to reach $2.5 billion by 2021. It was found that Western Europe and North America featured the highest market share with retail sales of $804 million and $785 million respectively.
Mental Health Software Services
The 2019 report by Zion Market Research states the global market size of mental health software services in 2017 was $1.3 billion and is expected to reach $4.58 billion by 2026 with a CAGR of 14.5%. The report highlights North America to have 40% of the global market share and is expected to cross $1.9 billion by 2026.
Tele mental Health
According to the recent report by Data Bridge, the global tele mental health industry comprises mental disorders like depression, panic disorder, OCD, post-traumatic stress, etc. The report highlights the global market size from 2016-24 to be $1.66 billion and $9.97 billion growing at a CAGR of 25.12%
Mental Health Apps
Mental health apps help to alleviate symptoms of anxiety by upgrading the mental prosperity of the user. According to the 2018 report by SBwire, the global market for mental health apps is projected to reach $115 billion by 2025, with a CAGR of 40%. The report estimates the current market size of mental health apps to be $7.79 billion.
According to a 2016 Yoga Journal report, yoga is considered as one of the most significant non-drug treatment therapy for anxiety disorder. The global market size of the yoga industry was $80 billion; the US leads the industry with a market size of$16 billion and 3.7 million people practicing yoga.
CBD or cannabidiol is used to treat anxiety and depression, pain management, immune issues, among others. In 2018 the CBD industry was found to generate a revenue of $1 billion and is expected to reach over $22 billion by 2022, growing at a phenomenal CAGR of $116%
Fidget Spinner
We tried to gather the market size for tools, accessories, or toys used by people affected by anxiety disorders. Though we were able to identify stress balls, fidget cubes, and fidget spinners as the ideal match for anxiety therapy, we were only able to find the market size of fidget spinners to be $500 million. The toy was first designed as a therapeutic aid for treating ADHD in children but is used currently by adults alike to alleviate anxiety.

To calculate the total impact of anxiety disorders globally, we compiled the market size of various industries and therapy segments that are affected due to anxiety disorders directly. It is found that the combined effect on markets of anxiety behavioral rehabilitation, anxiety drug therapies, stress management supplements, sleeping aids, mental health software, tele mental health, mental health apps, yoga, and fidget spinner was $179.69 billion.

Related Posts

মন্তব্য করুন

আপনার ই-মেইল এ্যাড্রেস প্রকাশিত হবে না। * চিহ্নিত বিষয়গুলো আবশ্যক।

en_USEnglish bn_BDBengali