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 was valued at USD 8,542.5 Million in 2024 and is projected to reach USD 9,453.9 Million by 2033, growing at a CAGR of 1.13% during 2025-2033. Growth is driven by increased accessibility through technology such as telehealth services, mobile apps, and virtual reality, especially benefiting remote and underserved areas.

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 in 2024
• CAGR: 1.13% during 2025-2033
• Forecast Period: 2025-2033
• Societal awareness and advocacy campaigns have increased demand for mental health services.
• Integration of AI and machine learning has enhanced personalized mental health interventions.
• Telehealth platforms and digital tools are expanding access, especially in remote areas.
• High demand for mental health services is noted in Seoul due to population density and stress factors.
• Aging population is leading to increased cases of dementia and related disorders, boosting service needs.

Sample Request Link: https://www.imarcgroup.com/south-korea-mental-health-market/requestsample

Market Growth Factors

The mental health market in South Korea is propelled by rising societal awareness of mental health issues. Extensive advocacy and destigmatization campaigns have led to more individuals seeking professional help, thereby fueling demand across various mental health services. This shift in public mindset is significant given the traditionally stigmatized nature of mental health in many societies.

Technological advancements form another key growth driver. The use of telehealth services, mental health mobile applications, and virtual reality technology has improved accessibility, particularly in underserved or remote regions. The adoption of artificial intelligence and machine learning in mental health has enhanced personalized approaches, improving treatment efficacy and patient outcomes.

Demographic factors also contribute to market expansion. South Korea’s aging population, expected to exceed 20% of those aged 65 or older by 2025, is experiencing higher incidences of age-related mental health disorders like dementia, Alzheimer’s disease, and depression. These conditions necessitate specialized mental health care, driving demand for tailored services for elderly individuals.

Market Segmentation

Breakup by Disorder:

• Schizophrenia: A severe mental disorder involving disruptions in thought, perception, and social interactions, characterized by hallucinations and delusions.
• Alcohol Use Disorders: Problems related to excessive alcohol consumption including dependence and alcoholism with symptoms like craving and inability to control drinking.
• Bipolar Disorder: Characterized by extreme mood swings from mania or hypomania to depression impacting behavior and functionality.
• Depression and Anxiety
• Post-traumatic stress disorder
• Substance Abuse Disorders
• Eating Disorders
• Others

Breakup by Service:

• Emergency Mental Health Services: Immediate intervention during crises involving risks of self-harm or severe deterioration in mental health.
• Outpatient Counselling: Ongoing therapeutic support without hospitalization for individuals able to manage daily activities.
• Home-based Treatment Services: Care provided by mental health professionals at the patient’s home for personalized treatment or when access to traditional services is difficult.
• Inpatient Hospital Treatment Services: Intensive round-the-clock care in hospitals or psychiatric facilities for severe mental health conditions.
• Others

Breakup by Age Group:

• Pediatric: Increasing recognition and early intervention in mental health issues such as ADHD, anxiety, and depression among children.
• Adults: High stress, burnout, and mental health problems related to job demands, long hours, and insecurity.
• Geriatric: Higher incidence of cognitive disorders like dementia and Alzheimer's with growing demand for specialized services.

Breakup by Region:

• Seoul Capital Area: Includes Seoul, Incheon, and Gyeonggi Province, characterized by high population density, economic development, and stress-related mental health issues.
• Yeongnam (Southeastern Region): Experiencing economic transitions impacting mental health due to job stress and insecurity.
• Honam (Southwestern Region): Less developed economically, with ongoing growth and regional disparities in mental health service access.
• Hoseo (Central Region)
• Others

Regional Insights

The dominant region in the South Korea mental health market is the Seoul Capital Area, encompassing Seoul, Incheon, and Gyeonggi Province. This region is the most densely populated and economically advanced, which contributes to prevalent stress, anxiety, depression, and burnout issues. The fast-paced urban environment and diverse demographics foster heightened demand for mental health services.

Recent Developments & News

In June 2024, the South Korean government convened the first meeting of the Mental Health Policy Innovation Committee at the National Center for Mental Health. In March 2024, Hyodol launched a social robot designed to support senior citizens with dementia facing loneliness or social isolation. In January 2023, Atommerce, operator of the mental health platform Mind Cafe, secured a strategic investment of 6 billion won ($4.8 million) from Lotte Healthcare and Samsung Venture Investment.

Key Players

• Hyodol
• Atommerce
• Lotte Healthcare
• Samsung Venture Investment

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