The grief counselling market size has also shown strong growth recently, anticipated to rise from $3.04 billion in 2023 to $3.34 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.8%. The growth in this historical period is attributed to economic downturns, shifts in cultural norms, changes in healthcare policies, increasing transparency regarding mental health, and rising social anxiety. Looking ahead, the grief counselling market size is expected to grow to $4.88 billion in 2028 at a CAGR of 10%. Factors driving this forecasted growth include heightened mental health awareness, an increase in bereavement support programs, shifts in healthcare policies and cultural attitudes toward grief, and a greater societal focus on mental health. Significant trends will involve the integration of teletherapy services, emphasis on cultural sensitivity, the adoption of evidence-based practices, and the expansion of support networks through digital platforms.
Major Driver In The Grief Counselling Market
The increasing focus on mental health is anticipated to drive the growth of the grief counseling market, which is essential for the overall well-being of the mind and may require specialized treatment for optimal care. The rise in anxiety and depressive disorders has significantly raised awareness about mental health, encouraging open discussions and helping to diminish the stigma associated with mental illness. Grief counseling plays a vital role in supporting mental health by aiding individuals in processing their emotions, alleviating feelings of isolation, and developing healthy coping strategies following a loss. For instance, NHS Digital reported in November 2022 that the number of individuals under 18 utilizing NHS mental health services in England increased by 29.2% in the previous year, reaching 992,647 in 2021-2022, up from 768,083 in 2020-2021. The grief counseling market was valued at $3.84 billion in 2023 and is projected to grow to $4.05 billion in 2024, with expectations of reaching $5.21 billion by 2028, indicating that the growing emphasis on mental health is propelling the growth of the grief counseling market.
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Grief Counselling Market Competitive Landscape
Major companies operating in the grief counselling market are Cleveland Clinic, LifeStance Health, GoodRx Inc, VITAS Healthcare, TRICARE, Thriveworks Counseling, Talkspace, Doctor On Demand, OptumHealth, Heart to Heart Hospice, Evergreen Health Solutions Ltd, Brightside Counseling Services, 7 Cups of Tea Co., Australian Centre for Grief and Bereavement, PlushCare Inc, Calmerry, Amwell Inc, Aetna Behavioral Health, Cigna Behavioral Health, Mind Voyage, Samaritan Counseling Center, Verywell Mind, Lifeline Chaplaincy
Key Grief Counselling Market Trend
Major companies in the grief counseling market are concentrating on advancing technology-driven solutions, such as online bereavement support services, to improve accessibility and offer personalized care. Online bereavement support services consist of digital platforms that provide emotional and practical assistance to individuals coping with loss, including virtual counseling sessions, support groups, self-help resources, and educational content available online. For instance, in January 2022, St Elizabeth Hospice, a UK-based provider of hospice and healthcare services, launched a new free online bereavement support service called LivingGrief. Made possible through a grant from Hospice UK, this service aims to assist individuals in East Suffolk who are bereaved, even if they have no previous contact with the hospice. The service includes six stand-alone sessions via Zoom, webinars, training, and practical tools to support community groups and care homes with bereavement.
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Global Grief Counselling Market Segmentation
The grief counselling market covered in this report is segmented –
1) By Type: Personal Counseling, Group Counseling
2) By Patient Type: Children, Adult
3) By Application: Funeral Agency, Hospice, Counseling Agency, Other Applications
By Geography:The regions covered in the grief counselling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the grief counselling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Grief Counselling Global Market Report 2024 furnishes information about the global grief counselling market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
