Portable Depression and Mood Monitoring Market Segmentation and Opportunities: In-Depth Market Research
Key factors influencing market revenue growth include rising prevalence of depression and mood disorders, rising awareness of mental health and its effects, and government initiatives, including campaigns, seminars, product promotions, etc., for promoting disease identification, disease diagnosis, and disease treatment. Globally, depression is the fourth-leading cause of illness burden and the primary cause of disability. The World Health Organization (WHO) estimates that 3.8% of the population is affected, with adults making up 5.0% of that number and people over 60 making up 5.7%. One of the key conditions targeted by the World Health Organization's Mental Health Gap Action Programme is depression, which affects around 280 million people globally (mhGAP). By using non-mental health professionals to provide therapy for people with mental, neurological, and substance use issues, this programme aims to help countries increase services for those who need them. WHO has developed con...