According to Vision Research Reports, the Behavioral Rehabilitation market size is expected to be hit around US$ 413.9 billion by 2030 and is anticipated to grow at a Revenue CAGR during forecast period 2021 to 2030.
According to Vision Research Reports, the Behavioral Rehabilitation market size is expected to be hit around US$ 413.9 billion by 2030 and is anticipated to grow at a Revenue CAGR during forecast period 2021 to 2030.
Growth Factors
Behavioral rehabilitation market is anticipated to experience growth during the forecast period due to presence of favorable government initiatives, rising number of service providers, and growing awareness among patients. Furthermore, increasing incidence of depression and substance abuse cases services provided by various hospitals for behavioral disorders is anticipated to boost the market growth.
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The market is currently in a growth phase with rising number of participants as the demand-supply gap of these services is high in most of the regions. The dynamics is driving it toward being a consolidated market with significant number of mergers and acquisition observed in past few years. Major institutes are focused on regional expansions to provide outpatient services, which are preferred over other healthcare settings owing to cost benefits. Some of the major mergers and acquisitions have been observed in the U.S., including acquisition of adult service division of Cambian group PLC by Universal Health Services, Inc. and announcement of Acadia Healthcare Company, Inc. acquiring the U.K. based Priory Group.
Scope of the Report
|
Report Coverage |
Details |
|
Market Size in 2021 |
USD 413.9 Billion |
|
Revenue Forecast by 2030 |
USD 288.1 Billion |
|
Largest Market |
North America |
|
Fastest Growing Region |
Asia Pacific |
|
Base Year |
2021 |
|
Forecast Data |
2022 to 2030 |
Report Highlights
Based on applications, the market is segmented as anxiety, mood, substance abuse, personality, and attention deficit disorders. The anxiety disorders segment captured the largest share in 2020. The major anxiety disorders include social anxiety, phobias, and other panic disorders.
Higher prevalence of mental ailments and widening treatment options are expected to drive the growth of anxiety disorders segment throughout the forecast period. Rising awareness about substance abuse & social acceptance of the rehabilitated patients is high impact rendering factors driving the demand for rehabilitation services. Along with these factors, rising government efforts against substance abuse are further expected to drive segment’s growth at the highest rate during the forecast period.
Based on the types of healthcare settings, this behavioral rehabilitation market is segmented into inpatient, outpatient, and residential settings. The outpatient segment dominated in 2020. Lower cost, increasing availability of the services, and patient convenience are vital factors that can be attributed to the large share of this segment.
A huge shift of share from inpatient and residential settings to outpatient has been observed in the past few years. This trend is expected to continue over the forecast period, thereby driving outpatient segment growth at the fastest rate. The outpatient treatment helps patients stay connected to their community and helps maintain social interaction, which further helps in faster recovery.
The global market is dominated by North America in 2020. Rising awareness of mental disorders and availability of advanced treatments are propelling factors responsible for the high share. In addition, favorable government initiatives and a large number of reimbursement options are other factors fueling growth in this region. The Affordable Care Act categorizes behavioral disorders as essential healthcare, which helps in covering a major part of the treatments. In addition, rising competition in private insurance providers has a direct positive impact on rising number of patients seeking treatments.
European region is anticipated to exhibit the fastest growth during the forecast period. Factors such as increasing number of private institutes and subsequently growing competitiveness, which results in availability of these services at affordable prices, are expected to drive growth in the region. Changing trends and adaption of advanced technologies such as software that are designed to record and analyze data are expected to fuel the market growth in the region.
Key Players
Acadia Healthcare, Universal Health Services, Inc., Magellan Health, Inc., Psychiatric Solutions, Inc., CRC Health, Aurora Behavioral Health System, Behavioral Health Group, Haven Behavioral Healthcare, Inc., Springstone, Inc., and American Addiction Centers, Inc.
Market Segmentation
- Application Outlook
- Anxiety Disorders
- Mood Disorders
- Substance Abuse Disorders
- Personality Disorders
- Attention Deficit Disorders
- Healthcare Settings Outlook
- Inpatient
- Residential
- Outpatient
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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