The Top 5 Mental Health Startups of 2020
If the events of the last several months have taken a toll on your mental and emotional health, you're certainly not alone. A poll operated by the American Psychiatric Association in March found that 48% of Americans suffer from anxiety over the prospect of contracting coronavirus. The poll also revealed that 36% of Americans believe the COVID-19 crisis has significantly affected their mental state. In April, the Kaiser Family Foundation released findings from a national poll also conducted in March, which found that 72% of Americans have experienced the impact of the pandemic on their lives in some form or another.
In this day and age when technology, science, and medicine are more intertwined than ever before, the launch of digital health start-ups across all specialties is on the rise, including in the mental health arena. Hundreds of mental health start-ups have sprung up over recent years, offering a range of services: connecting you to a live therapist, helping you get a better night's sleep, and providing extensive libraries of deep breathing and meditation exercises. Virtual mental healthcare has received heightened attention during the COVID-19 crisis, but will undoubtedly continue to be in high demand as people come to terms with the new normal in the aftermath of the pandemic.
Anyone can benefit from knowing about these resources that are available to them, and investors should be aware of these popular startups, as some may move toward conducting initial public offerings (IPOs) in the coming years. Without further ado, here are the top five mental health start-ups to watch in 2020.
Source Fool.com
