According to the latest study by Telositiy, a branch of the investment firm Vinaj Ventures, the demand for mental health protection services in the U.S. is growing significantly. Moreover, the study’s results indicate that the health technology market focused on mental health protection has increased 15 times in the last four years.
It is estimated that this market will reach a value of $26 billion in the next five years. The demand for technological services for mental health protection has been driven by the pandemic, as well as a shortage of therapists.
Opportunity for Investors
All of this opens up significant opportunities for investors. Startups focused on youth mental health have become very popular in the U.S. over the last four years, and the study noted that those startups that focused on access to doctors, improved online experiences, and new technologies were the main drivers of investment in 2020 and 2021.
The report also outlines guidelines for investors and startup founders, which, among other things, emphasize the understanding that the consequences of COVID are substantial and that its impact will continue to evolve. It is also stated that it is essential to assemble a team with a wide range of skills and rich experience to ensure that founders have relevant industry expertise, as well as to offer investors solutions that are based on solid evidence and address more than one health factor.
