The global behavioral Health market garnered revenue around US$ 141.01 billion in 2020 and is projected to rake US$ 242 billion by 2027, expanding growth at a modest CAGR of 5.02% during the prediction period 2021 to 2027.
The global behavioral Health market garnered revenue around US$ 141.01 billion in 2020 and is projected to rake US$ 242 billion by 2027, expanding growth at a modest CAGR of 5.02% during the prediction period 2021 to 2027.
Growth Factors:
The demand within the global behavioural health market is poised to increase in the times to follow. Behavioural health has emerged as an important area of study across neo-health. Several healthcare experts point to the importance of behavioural studies in individuals of all age groups. In the contemporary times, mental health has become an important area of study for medical researchers. A wide population of masses suffers from mental disorders, and this factor has emerged as an important dynamic of market growth. The healthcare industry has gathered the reins of growth and advancement in the domain of mental health. Therefore, the total volume of revenues in the global behavioural health market is projected to multiply.
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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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Behavioral Health market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Behavioral Health market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
| Report Scope | Details |
| Market Size By 2027 | USD 242 Billion |
| Growth Rate from 2021 to 2027 | CAGR of 5.02% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Companies Covered | Merck Animal Health; Ceva Santé Animale; Zoetis; Boehringer Ingelheim GmbH; Elanco; IDEXX Laboratories, Inc.; Heska Corporation; Virbac; Vetoquinol S.A.; Indian Immunologicals Ltd. |
Service Type Analysis
This research study segments the global market based on various parameters such as service type, disorder type, and end-user. Depending on service type, this market is classified into Inpatient hospital treatment, intensive care management, home-based treatment services, outpatient counselling, and emergency mental health services. The home-based treatment services segment is estimated to grow at the highest CAGR within the forecast period. The growth is mainly associated with public awareness and various government programs run across the city to opt for the treatment.
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Disorder Type Analysis
In terms of the disorders, the behavioural health market is classified into anxiety disorder, bipolar disorder, depression, eating disorder, post-traumatic stress disorder, substance abuse disorder, and others. Anxiety-related disorders dominate the behavioural disorders market and will remain the same within the forecasted year followed by depression. Anxiety is a kind of behavioural disorder characterized by excessive down emotions with nervousness, fear, and worry. A recent study has shown there is a huge spike in Anxiety patients in the last decades. These patients also shown the symptoms of panic attacks, OCD(obsessed thoughts), and post-traumatic disorders.
Application Analysis
Depending on end-users the global behavioural health market is categorized into outpatient clinics, rehabilitation centers, hospitals (emergency), and homecare settings. The outpatient clinics is predicted to occupy the largest market share in the year 2020 and will uphold this trend within the forecast year. Rapid technological advancement and the penetration of the internet are considered the mark key for both self as well as for creating awareness across the world.
Regional Analysis
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.
Some of the prominent players in the Behavioral Health Market include: 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
Market Segmentation
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
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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