The Global Behavioural Health Industry brought in US$ 128.2 billion in revenue in 2017, and it is predicted that between 2022 and 2028, when its value will reach US$ 156.3 billion, it will increase at a 3.4% CAGR.
North America is predicted to have the biggest revenue share in the global market for behavioral health throughout the forecast period. Since almost 43.8 million adult Americans today suffer from a mental illness, the demand for behavioral health therapies is rising. The demand for home care, daycare, and online counseling services is expected to drive the growth of the behavioral health market in developing countries.
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Global Behavioural Health Industry: Segmental Analysis & Forecast
Based on service type, disorder type, and geography, the global market for behavioral health is divided into these categories. The market is divided into outpatient counseling, 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 behavioral 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 behavioral health therapy among patients with anxiety issues, the anxiety disorder sector is predicted to continue to lead the global behavioral 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 worldbehavioraloral health industry include increased drug and alcohol exposure among young adults and tighter insurance policies for mental health. Additionally, outpatient counsforling for kids with ADHD, rehabilitprogramsor 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 mabehavioralhhealingral health. The global market behaveelthheais anticipatedticipated 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-goorganoorganizationstions (NGO).
Global Behavioural Health Industry: Competition Analysis
The global behavioral h is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured globaleneathlioural 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 Se,rvices Inc., etc. among others.
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Key Segments Covered in Global Behavioural 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
Global Behavioural Health Industry 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 Market 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 Market 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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