Millions of people all over the world are struggling with mental health issues. All thanks to the seemingly never-ending pandemic. In fact, according to Mental Health America, in 2021, Youth mental health is worsening. 9.7% of youth in the U.S. have severe major depression, compared to 9.2% in last year’s dataset. Even before COVID-19, the prevalence of mental illness among adults was increasing. In 2017-2018, 19% of adults experienced a mental illness, an increase of 1.5 million people over last year’s dataset.”
Some of the top companies racing to help treat such mental health issues include AI/ML Innovations (CSE:AIML)(OTC:AIMLF), Reliq Health Technologies Inc. (TSXV:RHT)(OTC:RQHTF), Mydecine Innovations Group (CSE:MYCO)(OTC:MYCOF), Mind Medicine Inc. (NEO:MMED)(OTC:MMEDF), and Cybin Inc. (NEO:CYBN)(OTC:CLXPF).
In addition, “There is still unmet need for mental health treatment among youth and adults. 60% of youth with major depression did not receive any mental health treatment in 2017-2018. Even in states with the greatest access, over 38% are not receiving the mental health services they need. Among youth with severe depression, only 27.3% received consistent treatment. 23.6% of adults with a mental illness reported an unmet need for treatment in 2017-2018. This number has not declined since 2011.”