The growing importance of mental health and technological advances are significant trends. Many organizations and individuals use these platforms to share resources, raise awareness, and provide support. Technological advancements in telecommunication have enabled the widespread adoption of online therapy and telehealth services. AI-powered chatbots and virtual therapists are being used to provide initial assessments to offer support. ML algorithms are being employed to analyze data and identify patterns that may indicate potential mental health issues, enabling early intervention.
The global mental health market size was $386.10 bn in 2021 and is expected to grow from $399.61 bn in 2022 to $526.21 bn by 2030, at a CAGR of 3.5 percent. Online forums and communities provide spaces for individuals to connect and offer support to one another, boosting market growth. Mental health tracking apps allow individuals to monitor and track their mental well-being, providing insights that can be shared with healthcare professionals. VR is used in exposure therapy to simulate environments and situations that trigger anxiety or phobias, allowing individuals to manage their fears in a controlled setting.
This edition of Healthcare Business Review Canada brings insights into technological advancements that have enabled the collection and analysis of large datasets in mental health research.
It features a thought leadership article from Jessica Arnold, Director of Behavioral Health at Wheeler Clinic, who sheds light on how caring deeply about employees and recognizing that employees lead to compassion and strategies to re-engage the workforce. It also features an article from Kaelen Bray, Director of Nursing and Allied Health at Carefor, who discusses the importance of creating a continuous learning environment. Courses are regularly offered to help nurses achieve further certification.
This edition spotlights Kapown Rehabilitation Center, which specializes in healing the internalized struggles of individuals belonging to the First Nation Metis and Inuit communities.
This edition features the Top Mental Health Services Providers in Canada 2023; we hope you find the right partner to meet your organization’s needs.