The Global Behavioral Health Industry has exhibited substantial growth over the past decade, and it is set to continue on this trajectory, according to the latest market insights. In 2017, the market generated a remarkable revenue of US$ 128.2 billion, and it is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 3.4% between 2022 and 2028, reaching an estimated value of US$ 156.3 billion.
One of the most significant drivers of this growth is the increasing awareness and demand for behavioral health services, with North America expected to claim the largest revenue share in the global market throughout the forecast period. Currently, nearly 43.8 million adult Americans grapple with mental health issues, emphasizing the pressing need for accessible and effective behavioral health therapies.
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Global Behavioural Health Market: Segmental Analysis & Forecast
Based on service type, disorder type, and geography, the global market for behavioural health is divided into these categories. The market is divided into outpatient counselling, intensive case management, home-based treatment services, inpatient hospital treatment, emergency mental health care, and other service types based on the type of service provided. The type segment for inpatient hospital treatment services is predicted to have the biggest revenue share in the global market for behavioural health. In the upcoming years, home-based treatment services are anticipated to grow in popularity with consumers, with a CAGR of 4.0% predicted for this market during the projected period.
The market is divided into sections based on the types of disorders: drug abuse disorder, eating disorder, post-traumatic stress disorder (PSTD), bipolar disorder, and depression, among others. Due to a large patient pool internationally and a high acceptance of behavioural health therapy among patients with anxiety issues, the anxiety disorder sector is predicted to continue to lead the global behavioural health market among all condition categories. The WHO estimates that 260 million individuals worldwide have an anxiety disorder.
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Key trends among end users in the worldwide behavioural health industry include increased drug and alcohol exposure among young adults and tighter insurance policies for mental health. Additionally, outpatient counselling for kids with ADHD, rehabilitation programmes for those with substance abuse disorders, awareness-raising efforts for mental illnesses and drug addiction, etc. are some of the main drivers propelling the expansion of the global market for behavioural health. The global market for behavioural health is anticipated to have positive revenue growth as a result of government measures to ease the burden of mental illness and the provision of rehabilitation services by non-governmental organisations (NGO).
Global Behavioural Health Market: Competition Analysis
The global market for behavioural health is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured in the global behavioural health market report include Acadia Healthcare Co., Inc., Universal Health Services Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health LLC, Seton Healthcare Family (Ascension Health) and Ocean Mental Health Services Inc. etc. among others.
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Key Segments Covered in Behavioral Health Industry Survey Behavioral Health by Service Type:
- Outpatient Counselling for Behavioral Health
- Intensive Case Management for Behavioral Health
- Home-based Treatment Services for Behavioral Health
- Inpatient Hospital Treatment for Behavioral Health
- Emergency Mental Health Service for Behavioral Health
- Others
Behavioral Health by Disorder Type:
- Anxiety Disorder
- ADHD
- Bipolar Disorders
- Depression
- Eating Disorder
- Post-traumatic Stress Disorder (PTSD)
- Substance Abuse Disorder
- Others
Behavioral Health Market by Region:
- North America Behavioral Health Market
- Latin America Behavioral Health Market
- Europe Behavioral Health Market
- East Asia Behavioral Health Market
- South Asia & Pacific Behavioral Health Market
- Middle East & Africa (MEA) Behavioral Health Market
Author
Sabyasachi Ghosh (Associate Vice President at Future Industry Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Industry Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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Future Industry Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the Industry. FMI stands as the leading global provider of Industry intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals Industrys. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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