VANCOUVER, British Columbia - TelAve -- The global mental health app market is projected to grow at a CAGR of 24.2% from 2020 to 2027, reaching a market value of over US$3,709.2 million by 2027. This growth is attributed to the increasing awareness of mental health worldwide and the demand for accessible mental health services. Mental health apps are designed to help users improve their emotional well-being, become more mindful, and address common mental health issues. Additionally, these apps contain a wealth of information on mental health, enabling users to understand their condition better.

MEDIBOT is at the forefront of this growing market with an innovative business model and significant opportunities to transform the field of psychology. Created by mental health professionals, MEDIBOT is a quick and easy-to-use mobile application that delivers AI-tailored solutions based on individual data analysis. The app utilizes the latest technologies to detect various aspects of human behaviour, providing different options based on the user's needs, budget, and the severity of their mental state. The subscription cost for MEDIBOT is anticipated to be covered by health insurance, ensuring accessibility for those seeking help. Wearable device integration makes it easy to collect and analyze data, while the MEDIBOT team guarantees the privacy and security of conversations and data collection. With the increasing demand for accessible mental health services, MEDIBOT is positioned to become a significant contender in the global mental health app market by providing affordable and tailored solutions to those in need.

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About MEDIBOT Soft Inc.: MEDIBOT is a mobile application that utilizes Artificial Intelligence-based mental health assessment technologies and assists people with diagnosing and treating mental disorders such as phobias, depression, anxiety, and PTSD. (https://medibotsoft.com/)