Global Behavioral Health Market Worth USD 5282.16 Million by 2026, at CAGR of 11.22%: Facts & Factors
According to Facts & Factors, the global Behavioral Health market in 2019 was approximately USD 2509.45 million. The market is expected to grow at a CAGR of 11.22% and is anticipated to reach around USD 5282.16 million by 2026.
Behavioral wellbeing is the scientific study of an individual’s mental well-being of an individual’s emotions, behaviors and behavior, his ability to work in everyday life, and his sense of self. A person struggling with behavioral health may experience stress, depression, anxiety, sadness, mood disorders, alcohol, ADHD or learning disabilities, relationship problems, or other psychological issues. Psychologists, clinicians, life coaches, psychologists, nurse practitioners, or physicians can help with treatments such as therapy, surgery, or medicine to address behavioral health issues. According to the Centers for Disease Control and Prevention, over a percent of people in the U.S. undergo some kinds of behavioral health problems in a single year. Although 29% of those with a medical condition may have some kind of mental health disorder, almost 70% of those with behavioral health have psychological co-morbidity.
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As a consequence of an increasing prevalence of mental disorders and an increasing demand for behavioral health care, global demand for behavioral health resources is increasing. The hope is that greater understanding and social acceptance of behavioral health issues would generate valuable business opportunities for providers of behavioral health services. New and better forms of medical treatment and detoxification have culminated in scientific improvements in medication management and healing. Digital therapies and daycare programs drive the growth of the behavioral health industry.
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The market for Behavioral Health is divided into disorder type, service, and region. The disorder type segment is classified into Alcohol use disorder, Anxiety Disorder, Bipolar Disorders, ADHD, Substance Abuse Disorder, Depression, Eating Disorder, Schizophrenia, Post-traumatic Stress Disorder (PSTD), and Others. It is expected that the Anxiety Disorder segment accounts for maximum share followed by depression in the behavioral health market. The industry is segmented into Outpatient Counseling, Intensive Case Management, Home-based Recovery Care, Hospital Treatment, Emergency Mental Health Service, Others, based on service. The section in outpatient therapy is projected to have the fastest rate of growth compared to volume.
Geographically the market is segmented into the regions that comprise the current and forecast market demand for the Asia Pacific, North America, Europe, Latin America, and Middle East & Africa with its further split into major countries. As for revenue, North America dominated the market in 2018. Europe is closely followed by the Asia Pacific, the second-largest area. Asia Pacific is expected to see the fastest growth in coming years. In Japan and China, the growing geriatric population is expected to help regional development.
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Some of the players included in Behavioral Health are Acadia Healthcare, CareTech Holdings plc, Elements Behavioral Health, Epic Health Services, Pyramid Healthcare, and Universal Health Services, Inc. amongst others.
This report segments the Behavioral Health Market as follows:
Global Behavioral Health Market: Disorder Type Segment Analysis
- Anxiety Disorder
- Bipolar Disorders
- Alcohol use disorder
- Eating Disorder
- Post-traumatic Stress Disorder(PSTD)
- Substance Abuse Disorder
Global Behavioral Health Market: Service Segment Analysis
- Outpatient Counselling
- Intensive Case Management
- Home-based Treatment Services
- Inpatient Hospital Treatment
- Emergency Mental Health Service
Global Behavioral Health Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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