Behavioral Health Business December 5, 2021
The world appears set to spend almost twice as much on mental health apps in 2022 than it did in 2019.
A new report from the professional services giant Deloitte — titled Technology, Media & Telecommunications 2022 Predictions — says that a “conservative” annual growth rate for global spending on mental health apps is 20%, for an estimated total of $491 million, up 83% from 2019 levels.
Deloitte calls the 20% projection “conservative” considering the even higher 32% growth rate seen in the first 10 months of 2019, compared to the same period in 2018.
This spending explosion is remarkable for many reasons, the report states — not the least of which is that these apps are free or low...
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