U.S. Behavioral Health Market Size, Report 2021 to 2030

As per Precedence Research, the U.S. behavioral health market size is forecast to hit US$ 132.4 billion by 2027 with a growing CAGR of 5.3% during the forecast period 2021 to 2027.

Mental illnesses, substance abuse, depression, and anxiety are among the top reasons behind the disability and distress among the people. The demand for the behavioral health services is growing at a promising rate across the globe owing to the rising prevalence of behavioral or mental disorders among the population.

According to the National Alliance on Mental Illness, over 43 million people in America suffers from mental illnesses every year. As per the data provided by the US Department of Health and Human Services, approximately 20% of the adolescents and children suffered from some kind of mental disorders at some point of timein their life. About 10% of people in US suffered from severe emotional disorders at some point of time in their life. Mental health disorders are the most severe causes of rising medical concerns, as per the Mental Health Foundation.

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According to the United Nations Office on Drugs and Crime, around 24% to 36% of the heroin consuming population are estimated to pass through correctional systems in US every year. The rising cases of substance abuse and drug addiction is significantly contributing towards the growth of the US behavioral health market.

Report Highlights:

• Based on service, the outpatient counselling segment dominated the market in 2020. The outpatient counselling services are flexible and convenient for the patients and their family, which has led to the dominance of this segment. The patients are allowed to return back to their home after every treatment session which makes it the most desirable type of services.

 

• Based on the disorder, anxiety and depression was the most dominant segment in the US behavioral health market followed by the substance abuse disorder segment in 2020. Anxiety and depression are the most common and most prevalent type of behavioral disorder. The increased awareness regarding anxiety and depression among the population has fostered the adoption of the behavioral health services in US.

 

• On the basis of end user, the outpatient clinics segment dominated the US behavioral health market. The majority of the patients suffer from mild to moderate behavioral symptoms that requires outpatient services. Therefore, the increased demand for the outpatient services has fostered the growth of the outpatient clinics segment across US.

Report Scope	Details
Market Size by 2020	USD 90.5 Billion
CAGR	5.3% from 2021 to 2027
Outpatient Clinics Market Share in 2020	36.9%
Hospitals Market Share in 2020	25.5%

 

Future of US Behavioral Health Market

The behavioral health market in US is witnessing a rapid adoption of the digital technologies. The digital behavioral health space is expected to revolutionize the behavioral health services. A rapid emergence of numerous digital health startups in US such as Omada, Lyra Health, and Spring Health are gaining rapid traction among the population. According to the Amwell Survey, the adoption of telehealth in psychiatry was around 80%, which reached to 96% during the pandemic. Furthermore, the increased penetration of the smartphones and higher demand for the technologically advanced devices among the US population has favored the growth of the market. Moreover, the regulatory changes by the government regarding the reimbursement policies pertaining to the telehealth services is further accelerating the demand for the digital behavioral health services.

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COVID-19 Impact Analysis:

• The COVID-19 resulted in the increased levels of unemployment, decline in the income, and extended period of loneliness owing to the stay at home orders or lockdown restrictions. All these factors resulted in the increased cases of anxiety, depression, substance abuse, and other mental disorders.
• The pandemic resulted in the increased adoption of the telehealth services among both the consumers and the healthcare providers. The favorable government policies and investments led to the increased demand for the telehealth services that has fostered the growth of the behavioral health market.
• The COVID-19 encouraged the emergence of numerous telehealth startups in US that positively impacted the market growth.
• According to the Kaiser Family Foundation Health Tracking Poll in July 2020, many adults reported adverse effects on the mental health like difficulty and sleeping due to the stress over COVID-19 pandemic.

Key Developments in the Marketplace:

• In January 2021, Talkspace entered into a merger agreement with Hudson Executive Investment Corporation that aimed to improve and grow the behavioral health services in US.
• In December 2020, Integrated Behavioral Health, Inc., completed the acquisition of HMC Healthworks. This developmental strategy aimed at expanding the portfolio of Integrated Behavioral Health, Inc.

KEY MARKET SEGMENTS

By Service

• Home-Based Treatment Services
• Outpatient counseling
• Emergency mental health services
• Inpatient hospital treatment
• Intensive care management

By Disorder

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

By End User

• Outpatient Clinics
• Hospitals
• Rehabilitation Centers
• Homecare Setting

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