Women's Mental Health Market Size

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Women's Mental Health Market Size

Key Takeaways

  • Based on calculations, the market size of the women's mental health market in the US in 2020 was estimated to be around US$43.34 billion.
  • Based on calculations, the market size of the women's mental health market in the US in 2021 was estimated to be around US$48.90 billion.
  • The number of women adults in the United States who had any mental illness in 2020 was estimated to be around 33.66 million.

Introduction

The following research presents the estimated market size of the women's mental health market in the US in 2020 and 2021. The research used a triangulation method to derive the percentage of women adults in the United States who had any mental illness in 2020 in comparison to men. The calculations, assumptions, and notes have been highlighted in the findings below and a summary of the research strategy can be accessed at the end of this research report.

Mental Health: Gender Distribution

  • According to the 2020 National Survey on Drug Use and Health data published by the Substance Abuse and Mental Health Services Administration (SAMHSA), the prevalence rate of adults in the United States with any mental illness was 21% in 2020.
  • Based on the same data, the prevalence rate of women adults in the United States who had any mental illness was 25.8% in 2020 as compared to men at 15.8%.
  • The total population of US adults was 258.3 million in 2020. The percentage of women out of the total US population was 50.52% in 2020, as compared to 49.48% of men population. It was assumed that the percentage of gender break up would be the same for the US adult population.

Calculation #1:
  • Thus, the total population of women adults was 130.49 million [258.3*50.52%] in 2020. {Data point 1}
  • Similarly, the total population of men adults was 127.81 million [258.3*49.48%] in 2020. {Data point 2}

Calculation #2:
  • The number of adults in the United States who had any mental illness was 52.9 million in 2020.
The number of women adults in the United States who had any mental illness = (the women adults population in the US) x (prevalence rate of women adults population in the US who had any mental illness)
= 130.49 million {from data point 1} million x 25.8%
= 33.66 million women adults in the US {Data point 3}

The number of men adults in the United States who had any mental illness = (the men adults population in the US) x (prevalence rate of men adults population in the US who had any mental illness)
= 127.81 million {from data point 2} x 15.8%
= 20.19 million men adults in the US {Data point 4}


Calculation #3:
  • Since all the numbers and percentages were rounded up in the research above, the sum of men and women adults (33.66 million + 20.19 million = 53.85 million) who had any mental illness was very close to the total US adult population in the US who had any mental illness (52.9 million). As a result, it is safe to assume that of all the adult population in the US who had any mental illness, approximately 33.66 million were women and 20.19 million were men {from data points 3 & 4}.
  • Or in other words, of all the adult population in the US who had any mental illness, approximately 63% [(33.66 million/52.9 million*100)-1%] were women and 37% were men [(20.19 million/52.9 million*100)-1%]. {Data point 5}
Note: 1% was subtracted from both the percentages to reflect the rounding up of original figures and percentages in the previous calculations.

Women's Mental Health: US Market Size 2020

  • According to a report published by Fortune Business Insights, the US behavioral health market size was at US$68.79 billion in 2020.
  • On comparison with popular global market size reports on mental health, it was found that the segments covered in the behavioral health market size were the same as the ones covered in the mental health market size. These market segments included behavioral and mental health, substance abuse, eating disorder, trauma or post-traumatic stress disorder, and other disorders.
  • Thus, this research used behavioral health and mental health interchangeably in the calculations/research report.
  • Here's an example of the global mental health market segmentation:

Market Size Calculations:

The market size of the women's mental health market in the US in 2020 = (the overall mental health market size of the US in 2020) x (the percentage of women in the US who had any mental illness in 2020)
= US$68.79 billion x 63% {from data point 5}
= US$43.34 billion
  • Based on calculations, the market size of the women's mental health market in the US in 2020 was estimated to be around US$43.34 billion.

Women's Mental Health: US Market Size 2021

  • According to a report published by Fortune Business Insights, the US mental health market size was projected to reach US$77.62 billion in 2021.

Market Size Calculations:

The market size of the women's mental health market in the US in 2021 = (the overall mental health market size of the US in 2021) x (the percentage of women in the US who had any mental illness in 2021)
= US$77.62 billion x 63% {from data point 5}
= US$48.90 billion
  • Based on calculations, the market size of the women's mental health market in the US in 2021 was estimated to be around US$48.90 billion.
Assumptions: It was assumed that the percentage break-up of men and women of the total US population who had any mental illness was the same in 2021. It was also assumed that the actual market size of the overall US mental health market in 2021 was in the same range as the projections made for 2021.


Research Strategy

For this research on the market size of the women's mental health market in the US, we leveraged the most reputable sources of information that were available in the public domain, including the National Institute of Mental Health, the Substance Abuse and Mental Health Services Administration (SAMHSA), United States Census Bureau, World Bank, Allied Market Research and Fortune Business Insights. The research used a triangulation method to derive the percentage of women adults in the United States who had any mental illness in 2020 in comparison to men. Based on this percentage and the US mental health market size value, we were able to determine the market size of the women's mental health market in the US for 2020 and 2021. All the calculations, assumptions, and notes have been highlighted in the findings above.

On comparison with popular global market size reports on mental health, it was found that the segments covered in the behavioral health market size were the same as the ones covered in the mental health market size. These market segments included behavioral and mental health, substance abuse, eating disorder, trauma or post-traumatic stress disorder, and other disorders. Thus, this research used behavioral health and mental health interchangeably in the calculations/research report.


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