Healthcare

Behavioral Health Market Size, Share, Latest Trends, Company Analysis and Forecast 2021 to 2027

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According to Report, the global behavioural health market is estimated to grow at CAGR of 2.5 % over the forecast time frame 2021 to 2027 and is expected to reach valuation around US$ 245 billion by 2027.

As a consequence of the increasing incidence of mental health disorders and increased demand for behavioral health treatments the global demand for health facilities is increasing. Increased awareness and social acceptance of comportemental health problems will provide conduct health suppliers with favorable market opportunities. Clinical advances in treatment and treatment have produced both psychological and detoxification treatments with fresh and enhanced processes. The development of the behavioral health industry is driven by online consulting and day care. The development of fresh treatments and programmes, favorable supply and demand are some other variables that are anticipated to increase behavioral healthcare market growth.

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However there are some things which could hinder a worldwide demand for behavioral health services that have restricted access to mental health providers, absence of a well educated mental health provider, lack of knowledge of treatment options amongst the general population, and restricted primary care facilities.

In recent years, there has been a considerable rise in the number of cases of mental health disorders. This is one of the biggest reasons behind the development of the global behavioral health market. The reason for this massive growth is actually twofold. One of the biggest reasons is of the taboo that was previously holding back the development of mental health space is now receding at a great pace. There are several influencers on the social media as well as hugely popular celebrities who have come out in open and have been talking about their mental health problems. This has helped in creating general awareness about the importance of taking medical and professional help when it comes to mental health problems. Only recently, several notable Bollywood actors, including leading ones such as Deepika Padukone, have come out and spoke about their struggle with mental health issues. Such open awareness and receding taboo about the treatment is thus helping to drive the growth of the global behavioral health market.

Changing Lifestyles to Create Demand for Solid Behavioral Health Treatment Model

The second part of the recent development of the global market is the constant changes in lifestyles that are causing increasing number of people to experience severe mental trauma or disorders. With changes in work and professional life to personal ones, there is a severe lack of bonding among people to rely upon. This may lead to a chronic behavioral mental condition. Such developments are thus promoting the uptake of the behavioral health market.

Naturally, with the factors mentioned above, the global behavioral health market is expected to exhibit a CAGR of 2.6% for the given forecast period of 2020 to 2027. In 2018, the market stood at a valuation of US$196 bn. By the end of 2019, the projected market value is around US$200 bn. The market is thus, expected to be on course to achieve a stellar valuation during this period of forecast.

Report Highlights

  • Based on regions, North America is the global leader of the market. Rising behavioral health reforms coupled with the availability of government funding is driving the behavioural health market growth in the region. Europe is also forecasted to be a lucrative region owing to the rise in cases of mental disorders, improvements in accessibility of behavioral healthcare and increasing awareness about mental disorders. Government initiatives towards creating awareness regarding mental disorders and an increase in funding are also complementing the growth of the market.
  • In terms of end-user, the patient segment is expected to achieve highest CAGR owing to increasing patient pool and ample number of patients deploying behavioral health solutions in their office or home to enhance self-care.
  • On the basis of functions, clinical functions are one of the behavioral health market trends. Clinical functions are cost-effective and target a specific area that needs amendment. Owing to these features an ample number of small scale healthcare facilities opted for clinical functions, thus expanding the behavioural health market size.
  • In terms of delivery model, subscription models are expected to show notable growth owing to the increasing interest coming from small-scale businesses. Subscription models offer advantages such as interoperability, flexibility, and cost-effectiveness. Features such as optimal return on investments are expected to further expand the behavioral health market size.

Asia Pacific to Show Promising Growth Rate

In terms of regional segmentation, the global behavioral health market is divided into five key regions viz. Latin America, Middle East and Africa, North America, Asia Pacific, and Europe. Of these regions, the global behavioral health market is expected to be dominated by the region of North America. Increasing awareness about mental health and a robust healthcare infrastructure are driving the growth of the regional market. On the other hand, Asia Pacific region is expected to show a promising growth in the next few years of the forecast period. Government initiatives to spread awareness and creating strong treatment models are expected to give impetus to the development of the behavioral health market in the region.

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Key Players & Strategies

Key players operating in the market are Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings PLC, Strategic Behavioral Health, Ascension Seton, North Range Behavioral Health, Pyramid Healthcare, and Promises Behavioral Health.

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Segmentation

Behavioral Health Market by Disorder

  • Depression
  • Anxiety
  • Schizophrenia
  • Bipolar Disorder
  • Alcohol Use Disorders
  • Substance Abuse Disorders
  • Eating Disorders
  • Post-traumatic Stress Disorder (PSTD)
  • Others

Behavioral Health Market by Service

  • Inpatient Hospital Treatment Services
  • Outpatient Counselling
  • Emergency Mental Health Services
  • Home-based Treatment Services
  • Others

Behavioral Health Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

The report analyzes and forecasts the behavioral health market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2021 to 2027. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global behavioral health market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the behavioral health market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of behavioral health market for the base year 2021 and the forecast between 2021 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Reasons to Purchase this Report:

– Estimates 2021-2027 behavioral health market development trends with the recent trends and SWOT analysis
– Market dynamics scenario, along with growth opportunities of the market in the years to come
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global behavioral health capacity, production, value, consumption, status (2017-2020) and forecast (2021-2027);
  • Focuses on the key behavioral health manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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