From tele-psychiatry providers to mental health chatbots, we break down the categories of vendors expanding access to mental health services.
The Covid-19 pandemic exacerbated a mental health crisis, with the effects of isolation driving mental illness rates up. In the US, 3 in 10 adults now report symptoms associated with anxiety and depression.
Mental health tech solutions have emerged to meet the skyrocketing patient demand. These range from tele-psychiatry solutions — which aim to expand access to therapy and medication — to workplace wellness platforms that address issues like stress and burnout.
For payers and providers, mental health tech opens up opportunities to provide cost-efficient and preventative care, driving down the cost of treating each patient in the long term.
In the market map below, we identify 100 tech vendors addressing mental health across 11 different categories.
Note: Our map includes public companies and private startups that have a Mosaic score of at least 200. This market map is not exhaustive of the space.
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