Behavioral Health Market Projected to Surpass USD 66.6 Billion by 2031; to Grow at a CAGR of 4.7%
Zion Market Research has published a new report titled “Behavioral Health Market by Disorder Type (Anxiety Disorder, ADHD, Bipolar Disorders, Alcohol use disorder, Depression, Eating Disorder, Post-traumatic Stress Disorder (PSTD), Substance Abuse Disorder, Schizophrenia and Others), and Service (Outpatient Counseling, Intensive Case Management, Home-based Treatment Services, Inpatient Hospital Treatment, Emergency Mental Health Service, Others): Global Industry Perspective, Comprehensive Analysis and Forecast.
According to the report published by Zion Market Research based in Portland (OR), the behavioral health market was estimated at $41.7 billion in 2021 and is expected to hit $66.6 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031.
Behavioral health is the scientific study of the emotional well-being of the feelings, attitudes, and physiology of an individual, their ability to work in daily life, and their sense of self. A person stressed with their behavioral health may experience stress, depression, anxiety, grief, mood disorders, addiction, ADHD or learning disabilities, relationship problems, or other psychological problems. Counselors, therapists, life coaches, counselors, nurse practitioners, or physicians may help with treating behavioral health issues through therapies such as therapy, counseling, or medication. More than a third of adults in the U.S. experience certain kind of behavioral health ailment in a given year, according to the Centers for Disease Control and Prevention. Although 29% of people with a medical condition still have some sort of mental health disorder, almost 70% of patients with behavioral health have clinical co-morbidity.
Global demand for behavioral health services is increasing as a result of increasing prevalence of mental disorders and increasing demand for behavioral health treatment. Greater understanding and social acceptance of behavioral health concerns is expected to create beneficial business opportunities for behavioral health service providers. New and better psychiatric and detoxification recovery methods have resulted in clinical advancements in rehabilitation and medication management. Virtual therapy and day care services fuel the growth of the behavioral health industry. New and better psychiatric and detoxification recovery methods have resulted in clinical advancements in rehabilitation and medication management. Virtual therapy and day care services fuel the growth of the behavioral health industry.
The market for Behavioral Health is segmented based on Disorder Type, end user and region. Based on Disorder Type, the market is segmented into Anxiety Disorder, ADHD, Bipolar Disorders, Alcohol use disorder, Depression, Eating Disorder, Post-traumatic Stress Disorder (PSTD), Substance Abuse Disorder, Schizophrenia and Others. It is expected that Anxiety Disorder segment accounts for maximum share followed by depression in the behavioral health market. Based on Service, the market is segmented into Outpatient Counselling, Intensive Case Management, Home-based Treatment Services, Inpatient Hospital Treatment, Emergency Mental Health Service, Others. Outpatient Counselling segment is anticipated to have a highest growth rate with respect to value.
Regional segmentation consist of the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. North America dominated the market in terms of sales in 2018. Asia Pacific, the second largest region, is closely followed by Europe. It is predicted that Asia Pacific will experience the fastest growth in the coming years. The rising geriatric population in Japan and China is expected to support regional development.
Some of the players included in Behavioral Health market are -
- Acadia Healthcare
- CareTech Holdings plc
- Epic Health Services
- Pyramid Healthcare
- Universal Health Services
- Elements Behavioral Health
The report segments global Behavioral Health market as follows:
Global Behavioral Health Market: Disorder Type Segment Analysis
- Anxiety Disorder
- ADHD
- Bipolar Disorders
- Alcohol use disorder
- Depression
- Eating Disorder
- Post-traumatic Stress Disorder(PSTD)
- Substance Abuse Disorder
- Schizophrenia
- Others
Global Behavioral Health Market: Service Segment Analysis
- Outpatient Counselling
- Intensive Case Management
- Home-based Treatment Services
- Inpatient Hospital Treatment
- Emergency Mental Health Service
- Others
Global Behavioral Health Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us — after all — if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49–322 210 92714 USA/Canada Toll-Free №1–855–465–4651 Email: sales@zionmarketresearch.com Website: https://www.zionmarketresearch.com