The global mental health industry is experiencing rapid change this week. The worldwide market for mental health and wellness apps now exceeds $7.5 billion and is projected to more than double to $17.5 billion by 2030, with North America representing about 47 percent of revenues and Europe 26.6 percent. Europe is leading the way with strict new regulations for digital mental health tools to ensure quality and data safety, pushing other regions to catch up. More than 20000 mental health apps are now available, and major employers in the U.S. and Europe are using digital therapy and mood tracking in workplace wellness programs, aiming to boost employee retention and productivity. These digital programs have become integral to both clinical care and self-help, a shift from being seen as mere wellness trends just a few years ago. Investors increasingly view mental health platforms as core parts of health infrastructure, rather than optional add-ons.
In terms of business activity, dealmaking in the autism therapy sector remains robust. JoyBridge Kids has completed its acquisition of Pediatric Advanced Therapy this week, indicating strong investor interest despite wider industry disruption. The number of autism care mergers remains on pace with 2024, although buyers are now more cautious about new targets, focusing on operational quality and integration.
The last week has also brought new partnerships and major expansions. WakeMed, in North Carolina, broke ground on a new 150-bed mental health hospital as part of a whole health campus in partnership with leading psychiatric provider Sheppard Pratt. The project aims to address urgent regional needs and will offer both acute mental and physical health services.
Consumers continue to demand more integrated, accessible solutions. Latest surveys reflect rising mental health needs in the workforce, with nearly two-thirds of construction workers experiencing anxiety or depression—up from 54 percent the previous year. Utilization of both professional services and prescribed medications is increasing, but so is dangerous self-medication, signaling ongoing gaps in care.
Regulators are now focusing on the safety and efficacy of AI-driven therapy chatbots. The U.S. FDA’s Digital Health Advisory Committee met this week to discuss oversight of generative AI in mental health tools, a sign of increasing scrutiny as digital tools take a bigger role in care pathways.
Compared to last year, the industry has shifted toward digital-first care, greater regulatory attention and a cautious but active investment environment. The coming months will likely see even more emphasis on outcomes, data security, and integrated care delivery.
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