Behavioral Health Market 2021 Newest Industry Data, Growth Prospects, Future Trends And Forecast 2027

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Precedence Research’s study on Behavioral Health  market offers exclusive insights into key growth drivers and restraints. The report underscores some of the popular strategies that market players undertake to gain competitive edge.

Precedence Research’s, a leading research and consulting firm, has forecast the global Behavioral Health  market to exhibit 5.02% CAGR through 2027. Despite unprecedented implications of the COVID-19 outbreak, the market will gain impetus amidst soaring investment towards sophistication of the healthcare sector.

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Report Scope of the Behavioral Health Market

Report Highlights Details
Market Size USD 242 Billion by 2027
Growth Rate CAGR of 5.02% From 2020 to 2027
Base Year 2020
Historic data 2017 to 2020
Forecast Period 2020 to 2027
Segments Covered Service, Disorder, End-Users
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Mentioned Universal Health Services, Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Network Inc., North Range Behavioral Health, Behavioral Health Services Inc.,Acadia Healthcare Co., Seton Healthcare Family and Beacon Health Strategies

According to the report, demand for Behavioral Health  will total US$ 242 billion by  2027. The market survey offers compelling insights into key factors enabling growth through the assessment period. It underscores hidden opportunities across diverse segments in terms of Service, Disorder, End-Users, and others.

Besides uncovering hidden opportunities, the report presents exclusive insights into challenges posing threat to growth. Alongside this, it offers recommendations to navigate through unforeseen hindrances in the future, while keeping the business afloat.

Growth Factors

Human behavior is always being considered as one of the important indicators to judge the wellbeing of human society. Across the world, there is a continuous rising problems related to behavioral health disorders and it surge rapidly which leads to increasing the demand for behavioural health products. The major factor promoting the growth of the market is due to increasing self-awareness followed by increasing per-capita healthcare expenditures. Easy availability of expert in urban region is also the cause of growth in the segment. Furthermore, social acceptance in the society also promotes the individuals to come up and openly discuss the behavioural issue. Technological innovation like Cognitive Data collection and Artificial intelligence helps the physician to provide targeted therapy to the patients suffering from behavioural disorders.

Rising investment in technological advancement is the major clue for the treatment of behavioral health in the future. The rapid penetration of the various activity related application which helps in the collection of the behavioral issues of the patients. Mobile devices like smart phones, tablets, and others are constantly providing information to the doctors and researchers to increase the understanding of the mental well beings.

Despite a heavy surge in behavioral health, some of the major factor which restricts the growth the market includes the discontinuation of the treatment followed by a lack of trained professionals across the world. Lack of the penetration of the technologies in the various populated countries like India, China, and Indonesia is also considered one of the major factors which limits the growth of the market.

Regional Insights

Behavioral health becomes an important aspect of global studies. North America does the most quality studies related to behavioral health and its impact on society. United States also proved to be quicker acceptance and implication of the technological advanced products. As per the WHO, it is found that costs for the treatment for the behavioral disorders prove to be much higher compared to the other major chronic condition. As per the study, it is also concluded that around 36% of the U.S. population suffering from some kind of mental disorder in their lifetime. A rising percentage of the geriatric population in Europe is also considered as a major concern that promotes the growth of mental disorders.

A large pool of population exists in Asia pacific, with rapid economical development followed by increasing per-capita healthcare expenditure considered as one of the major driving factors for the growth of the behavioral health market.

Remunerative Opportunities on Card across Emerging Nations

Expansion of healthcare in India, China, Brazil, and other emerging countries will give tailwinds to growth of the Behavioral Health  market. Steady investment towards developments in healthcare, besides implementation of favorable reimbursement policies will remain chief growth drivers.

This trend is expected to continue, especially as research and development initiatives gain momentum in the healthcare industry. Evolution of the industry will pave way for rapid expansion in the future. Advent of telehealth, digitization, and AI integration among others will emerge as game changers.

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Digitization of Healthcare Affecting Behavioral Health  Market Growth

Digitization across healthcare is primarily intended at bolstering research initiatives. Besides this focus on reaching remote locations and facilitating home healthcare has catapulted digital technologies to the fore of the industry.

Digitization in healthcare also has paved the way for artificial intelligence (AI) and Internet of Things (IoT) integration. These technologies are proving crucial in clinical trials. Their implementation in monitoring patients’ health and keeping track of data is expected in the near future.

Besides this, demand for streamlining process will boost digitization in healthcare in coming years. Integration of novel technologies in healthcare is expected to set the tone of expansion of the Behavioral Health  market.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Behavioral Health  market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the significant players in the behavioral health market include:

  • Acadia Healthcare Co.
  • Universal Health Services, Inc.
  • Magellan Health Inc.
  • National Mentor Holdings Inc.
  • Behavioural Health Services Inc.
  • Behavioural Health Network Inc.
  • North Range Behavioural Health
  • Seton Healthcare Family (Ascension Health)
  • Ocean Mental Health Services
  • Beacon Health Strategies
  • Others

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027.This research study analyzes market thoroughly by classifying global Behavioural Health market report on the basis of different parameters including type of service, disorder, end-user and region:

By Service Type

  • Home-Based Treatment Services
  • Outpatient Counselling
  • Emergency Mental Health Services
  • Inpatient Hospital Treatment
  • Intensive Care Management

By Disorder Type

  • Bipolar Disorder
  • Anxiety Disorder
  • Depression
  • Post-Traumatic Stress Disorder
  • Eating Disorder
  • Substance Abuse Disorder
  • Others

By End-Users

  • Outpatient Clinics
  • Hospitals
  • Rehabilitation Centers
  • Homecare Setting

Key Points Covered in BEHAVIORAL HEALTH  Market Survey

  • Behavioral Health market is expected to reach a valuation of US$140.01 billion in 2019 .
  • Demand will remain high in the U.S., backed by favorable reimbursement policies and presence of some of the leading market players.
  • Europe will continue showcasing high demand. Sales will remain high, especially in the U.K., Germany, France, and other countries.
  • China and India will exhibit high demand for Behavioral Health , backed by expanding healthcare sector.
  • Focus on research and development will increase in Brazil, creating opportunities for the expansion of the Behavioral Health market.
  • In terms of (By Service Type ), (Inpatient Hospital Treatment, Outpatient Counselling, Home-Based Treatment Services, Emergency Mental Health Services, Intensive Care Management) will emerge as the top-choice.
  • Hospitals are expected to showcase higher demand for Behavioral Health on account of greater access to advanced technologies and higher footfall of patients.
  • Driven by the presence of some of the leading pharmaceutical producers, demand in the Japan Behavioral Health market will continue increasing at a high pace.

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Some of the key highlights covered in the report includes:

  • Behavioral Health Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global Behavioral Health market. It examines trends and factors influencing demand for Behavioral Health  globally and gauges the impact of the same on the production.
  • Behavioral Health Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.
  • Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.
  • Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for Behavioral Health across the world.
  • Competitive Analysis – Some of the leading market players are profiled in the report on Behavioral Health . The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.
  • COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.
  • Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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