IMARC Group has recently released a new research study titled “South Korea Mental Health Market Report by Disorder (Schizophrenia, Alcohol Use Disorders, Bipolar Disorder, Depression and Anxiety, Post-traumatic Stress Disorder, Substance Abuse Disorders, Eating Disorders, and Others), Service (Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services, and Others), Age Group (Pediatric, Adults, Geriatric), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Mental Health Market Overview
The South Korea mental health market size of USD 8,542.5 Million in 2024. It is projected to grow to USD 9,453.9 Million by 2033, with a CAGR of 1.13% during the forecast period of 2025-2033. The market growth is driven by technological integration such as telehealth services, mobile apps, and virtual reality, which have enhanced accessibility to mental health services, especially in remote or underserved regions.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Mental Health Market Key Takeaways
- Current Market Size: USD 8,542.5 Million (2024)
- CAGR: 1.13% (2025-2033)
- Forecast Period: 2025-2033
- Societal awareness and destigmatization campaigns have increased the demand for mental health services.
- Incorporation of AI and machine learning has enhanced personalized treatments.
- Telehealth platforms and digital tools have increased service accessibility in remote areas.
- The Seoul Capital Area exhibits strong demand due to high population density and prevalent stress-related issues.
- Challenges include limited availability of services and high workload of mental health professionals.
- Rising awareness among younger populations may reduce stigma and increase service demand.
Sample Request Link: https://www.imarcgroup.com/south-korea-mental-health-market/requestsample
Market Growth Factors
The South Korea mental health market benefits substantially from increased societal awareness of mental health issues, catalyzed by demanding advocacy efforts and destigmatization campaigns. This heightened awareness encourages more individuals to seek professional help, fueling demand for mental health services. For example, the rising incidence of mental disorders such as anxiety, depression, and stress-related conditions, supported by data indicating roughly 104.2 thousand individuals registered with mental disabilities in 2023, underlines this growing demand.
Another significant growth driver is the aging population. In 2023, approximately 19% of South Korea's population was aged 65 or older, and by 2025, the country is projected to become a super-aged society with more than 20% aged 65+. This demographic shift increases the prevalence of age-related mental health issues, including dementia and depression, necessitating specialized care and fueling demand for elderly-focused mental health services.
Technological advancements act as a third crucial driver. The rise of digital health solutions, including teletherapy, mental health apps, and online support communities, has made mental health services more accessible and convenient. In March 2024, the launch of a social robot by Hyodol, a South Korean company, designed to assist senior citizens with dementia experiencing loneliness or social isolation, exemplifies innovative therapeutic approaches enhancing market growth.
Market Segmentation
By Disorder:
- Schizophrenia: A severe mental disorder involving disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.
- Alcohol Use Disorders: Problems related to excessive alcohol consumption, including dependence and inability to control drinking.
- Bipolar Disorder: Characterized by extreme mood swings, including mania or hypomania and depression.
- Depression and Anxiety
- Post-traumatic stress disorder
- Substance Abuse Disorders
- Eating Disorders
- Others
By Service:
- Emergency Mental Health Services: Immediate intervention in crisis situations involving risk of harm or severe deterioration.
- Outpatient Counselling: Ongoing therapeutic support without hospitalization.
- Home-based Treatment Services: Care provided at an individual’s home by mental health professionals.
- Inpatient Hospital Treatment Services: Intensive hospital or psychiatric facility care for severe conditions requiring round-the-clock supervision.
- Others
By Age Group:
- Pediatric: Recognition and intervention in children’s mental health issues like ADHD, anxiety, and depression.
- Adults: Addressing mental health problems linked to stress, burnout, and job insecurity.
- Geriatric: Specialized services for cognitive disorders like dementia and Alzheimer's disease among older adults.
By Region:
- Seoul Capital Area: Includes Seoul, Incheon, and Gyeonggi Province; high population density contributing to stress and mental health issues.
- Yeongnam (Southeastern Region): Economic transitions affecting mental health through stress and uncertainty.
- Honam (Southwestern Region): Economically developing region with disparities in mental health service access.
- Hoseo (Central Region)
- Others
Regional Insights
The Seoul Capital Area dominates the South Korea mental health market due to its dense population and diverse demographics. This region, encompassing Seoul, Incheon, and Gyeonggi Province, experiences significant mental health challenges such as anxiety and depression driven by work pressure, academic stress, and social isolation. These factors contribute notably to the demand for mental health services in this economically developed region.
Recent Developments & News
- June 2024: The South Korean government convened the first meeting of the Mental Health Policy Innovation Committee at the National Center for Mental Health.
- March 2024: Hyodol launched a social robot targeting senior citizens with dementia experiencing loneliness or social isolation.
- January 2023: Atommerce, operator of South Korea's mental health platform Mind Cafe, secured 6 billion won ($4.8 million) strategic investment from Lotte Healthcare and Samsung Venture Investment.
Key Players
- Hyodol
- Atommerce
- Lotte Healthcare
- Samsung Venture Investment
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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