Making mental health services accessible and affordable

Mental health tech refers to services that help treat mental health conditions via mobile and/or online platforms. A main function of mental health tech platforms is to connect physicians and practitioners directly to individuals without barriers such as a lack of proximity, prohibitive cost, or long wait times in the doctor’s office.

The mental health tech ecosystem is broad and includes telepsychiatry platforms, digital therapeutics, monitoring/measuring tools, and peer to peer apps. Telepsychiatry is at the forefront of the industry and has been gaining traction with a growing number of users. Monitoring/ measuring tools follow, but the services have yet to see mass adoption. Digital therapeutics (software-based therapeutic interventions given directly to individuals for preventing, managing, or treating mental disorders) is an emerging segment, and it shows great potential.