South Korea Mental Health Market Size, Share, and COVID-19 Impact Analysis, By Disorder (Schizophrenia, Alcohol Use Disorders, Bipolar Disorder, Depression and Anxiety, Post-traumatic Stress Disorder, Substance Abuse Disorders, Eating Disorders, and Others), By Service (Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services, and Others), and South Korea Mental Health Market Insights, Industry Trend, Forecasts to 2035

South Korea Mental Health Market Size Insights Forecasts to 2035

• The South Korea Mental Health Market Size was estimated at USD 8461.5 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 1.18% from 2025 to 2035
• The South Korea Mental Health Market Size is Expected to Reach USD 9631.8 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Mental Health Market Size is anticipated to reach USD 9631.8 million by 2035, growing at a CAGR of 1.18% from 2025 to 2035. The market is being driven by the integration of technology, such as virtual reality, telehealth services, and smartphone apps, which have increased accessibility to mental health services, particularly in underserved or remote areas.

Market Overview

The South Korea mental health market refers to the ecosystem of services, tools, and therapies designed to treat psychological and psychiatric disorders in the general public is referred to as the South Korean mental health market. Additionally, the use of machine learning and artificial intelligence in mental health interventions has improved individualized treatment plans and increased the overall effectiveness of mental health services. The demand for the sector has also increased as a result of the widespread accessibility made possible by the development of telehealth platforms and digital mental health tools, particularly in underserved or remote areas. Furthermore, the market has a lot of potential, especially since more South Koreans are using technology for health-related services. Finding various digital mental health services is made simple by the growing popularity of smartphones and internet access. In order to develop more comprehensive solutions that include other groups, like youth, who are highly receptive to digital mental healthcare, businesses can investigate partnerships with healthcare providers. There is a growing interest in more individualized mental healthcare services because many consumers and medical professionals appear to be seeking more convenient and individualized care. Adoption of AI and data analytics is expected to enhance therapy services since these technologies enable the customization of treatment regimens.

Report Coverage

This research report categorizes the market for the South Korea mental health market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mental health market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea mental health market.

Driving Factors

Rapid technological developments in teletherapy platforms and mobile applications are having a big impact on the South Korean digital mental health market. With more than 95% of the population using smartphones, the nation is acknowledged as a global leader in technology adoption. Due to the high level of technological penetration, both established companies and local startups have made significant investments in creating cutting-edge mental health solutions specifically for South Koreans. For instance, to create apps that enable remote therapy, Samsung's health and wellness division has collaborated with a number of mental health specialists. These advancements play a key role in propelling market expansion.

Restraining Factors

Social stigma, a lack of mental health professionals, underfunded public services, a lack of treatment-seeking behavior, and unequal regional access are some of the main restraining factors in South Korea's mental health market. These factors work together to prevent early diagnosis, lower therapy uptake, and impede the development of infrastructure.

Market Segmentation

The South Korea mental health market share is classified into disorder and service.

• The depression and anxiety segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mental health market is segmented by disorder into schizophrenia, alcohol use disorders, bipolar disorder, depression and anxiety, post-traumatic stress disorder, substance abuse disorders, eating disorders, and others. Among these, the depression and anxiety segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Driven by increased stress, pressure to perform well in school, and burnout at work.

• The outpatient counselling segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mental health market is segmented by service into emergency mental health services, outpatient counselling, home-based treatment services, inpatient hospital treatment services, and others. Among these, the outpatient counselling segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Without the need for hospitalization, outpatient counseling offers continuous therapeutic support. It works well for people who can handle everyday tasks and don't need critical care.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mental health market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Doctorpresso
• Humart Company Inc.
• Dr. Kim Psychology
• Media Medical Solutions (M2S)
• Others

Recent Developments:

• In June 2024, The South Korean government had held the first meeting of the Mental Health Policy Innovation Committee in June at the National Center for Mental Health.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Mental Health Market based on the below-mentioned segments:

South Korea Mental Health Market, By Disorder

• Schizophrenia
• Alcohol Use Disorders
• Bipolar Disorder
• Depression and Anxiety
• Post-traumatic stress disorder
• Substance Abuse Disorders
• Eating Disorders
• Others

South Korea Mental Health Market, By Service

• Emergency Mental Health Services
• Outpatient Counselling
• Home-based Treatment Services
• Inpatient Hospital Treatment Services
• Others