Global Behavioral Health Market
The GMI Research forecasts that the behavioral health market is witnessing an upsurge in demand over the forecast period starting from 2020 till 2027. This is mainly due to the rising awareness regarding mental health issues and their social acceptance.
Introduction of the Behavioral Health Market:
The global behavioral health market was valued at USD XX billion in 2018 and is anticipated to reach USD XX billion by 2026, while increasing at a CAGR of 4.0% in 2019-2026.
Behavioral health is also known as mental health. It is the link between behaviors, mind and spirit, and the health and well-being of the body. An individual faces various challenges with her/his behavioral health, such as mood disorders, addiction, stress, anxiety, depression, relationship problems, grief, ADHD or learning disabilities, or any other psychological concerns. There is a wide range of healthcare services, including psychiatric care, mental healthcare, management of chronic diseases, substance abuse prevention, intervention, treatment, recovery, and marriage and family counseling. Therapists, counselors, psychologists, life coaches, nurse practitioners, or physicians are the ones who support to manage behavioral health problems with treatments such as counseling, therapy, or medication.
Behavioral Health Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Some of the major factors propelling the growth of the behavioral health market include easy availability of government funding, growing adoption of behavioral health software, initiatives taken by the government to encourage EHR adoption in behavioral health organizations, and favorable behavioral health reforms in the US. The growing prevalence rate of mental disorders and increasing demand for behavioral and mental health treatment will lead to an upsurge in demand for the behavioral health market size across the globe. According to the behavioral health industry overview, the rising awareness regarding mental health issues and their social acceptance are surging the market growth for behavioral health service providers. Various advancements are made in the treatment of behavioral illness. Rising emphasis on understanding the causes of some mental health disorders has led to an upsurge in innovative treatment for the patients according to their individual mental disorders. Moreover, the majority of behavioral health disorders can be cured and diagnosed successfully like any other physical disorder.
Based on the region, North America is expected to grow at a higher CAGR during the forecast period. This is attributed to the growth in social acceptance, social awareness, raising awareness among the population, and non-government and significant government shift towards behavioral health problems. Various initiatives are taken up by the government of North America and Europe to host camps to spread awareness associated with behavioral health issues in the region.
Key Players of the Global Behavioral Health Market:
- 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
Behavioral Health Market Segmentation:
Segmentation by Service Type:
- Inpatient Hospital Treatment
- Outpatient Counselling
- Home-Based Treatment Services
- Emergency Mental Health Services
- Intensive Care Management
Segmentation by Disorder:
- Anxiety Disorder
- Bipolar Disorder
- Eating Disorder
- Post-Traumatic Stress Disorder
- Substance Abuse Disorder
Segmentation by End-User:
- Outpatient Clinics
- Rehabilitation Centers
- Hospitals (Emergency)
- Homecare Setting
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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