The Current State Of Mental Health In India

US$ 28.24 million. That’s how much investment Indian mental health and wellness startups obtained in 2021. And the number just seems to be rising. The mental health sector in India has been growing at a rapidly rate and technological growth seems to be aiding the process.?

With the COVID-19 pandemic shedding light on a pressing need for mental healthcare, there seems to be a shift towards mental health, with more people seeking mental health services and more firms backup mental health start-ups. Several reasons have led to the growth of the sector. The isolation that took place due to the pandemic restrictions, physical health conditions that impacted mental health and the change in the socio-economic atmosphere around us in the past couple of years has shaped the mental healthcare industry today.?

Even today, most of the established mental health companies and clinics are based out of metro cities or Tier-1 cities. But with the shift to remote working and the acceptance of the remote culture, more and more people from smaller towns and cities are also open to seeking mental healthcare online, as opposed to earlier when services like therapy and counseling were mainly offered offline. With allied services like peer-led groups, cause-specific support groups for victims of abuse, divorcees or other groups and group therapy, an ecosystem is developing that is helping aid the mental health sector’s growth in India.?

The Indian Mental health Market is expected to grow at a substantial CAGR of 15% from 2022-2028. As the sector continues to grow with immense potential, it’s time for VC firms and investors to take note, map out insights and focus on key gaps within the sector that can be filled. As the mental healthcare sector in India continues to grow, it is imperative to keep innovating to create a robust mental healthcare ecosystem within the country.