Fact.MR – A Market Research and Competitive Intelligence Provider: Revenues in the global behavioural health treatment market are forecast to grow at 2.4% CAGR through 2027, as per a recent market survey by Fact.MR.
Outpatient Counselling Services Demand for Behavioural Health Treatment to Soar at 2.7% through 2027
Fact.MR’s recent analysis on the global behavioral health treatment market offers compelling insights into factors impacting sales, such as trends, opportunities drivers, and restraints. It also highlights recent developments in terms of segments including disorders and services across seven regions to help readers understand the market dynamics.
Fact.MR – A Market Research and Competitive Intelligence Provider: Revenues in the global behavioural health treatment market are forecast to grow at 2.4% CAGR through 2027, as per a recent market survey by Fact.MR. Social stigma regarding mental health counselling is limiting the adoption of behavioural health treatment. However, with rising awareness regarding the importance of mental health, demand is expected to rise at a steady pace.
Governments and non-governmental organizations in several countries are increasing their efforts to educate people about mental health. World Health Organization has announced October 10th to be 'World Mental Health Day' to remove social stigma and mobilize efforts in treatment of mental health disorders. Such initiatives are expected to bode well for the growth in the market.
As not many patients are comfortable with treatment in hospitals, demand for outpatient counselling is on the rise. Hectic schedules and busy lifestyles of individuals are compelling them to seek treatment in the most convenient way, which in turn is driving demand for outpatient counselling and home-based treatment services.
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As per Fact.MR, Europe is expected to dominate the behavioural health treatment market, accounting for over 47% of market share by 2027. Rising incidence of substance abuse disorders and alcohol dependency in Europe is compelling players to offer more effective treatment survives.
The Health At a Glance Europe 2020 report states that the COVID-19 pandemic has caused a growing burden on the mental health of citizens, with higher rates of anxiety, depression, and stress.
In response to this, various authorities have launched on-demand helplines, guidance protocols, and treatment guidelines to aid the adoption of behavioural health treatment services. This is expected to create opportunities for market players over the forecast period.
“Introduction of on-demand therapy model for patients in developing countries is anticipated to augment growth in the market. Additionally, subscription models offered by mental health counsellors to reduce the financial burden of such treatments will continue spurring demand in the market,” says a Fact.MR analyst.
Key Takeaways:
- Adoption of behavioural health treatment for depression is expected to grow by 3.2% in 2027.
- In terms of services, the outpatient counselling services segment is projected to expand at a 2.7% CAGR over the assessment period.
- The U.S. is expected to be a lucrative market, with demand for anxiety treatment solutions rising considerably.
- The U.K. will continue witnessing high demand, in response to rising incidence of alcohol dependency.
- China is expected to account for a dominant market share in East Asia as awareness regarding behavioural disorders continues to rise.
Growth Drivers:
- Growing demand for counselling sessions offered through virtual platforms is expected to fuel the growth in the market.
- Investments in telecommunication and digital services in the healthcare sector are expected to boost the market.
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Competitive Landscape
Leading players operating in the global behavioural health treatment market are investing in research and development to offer services to a wide consumer pool. Players are also investing in mergers, acquisitions, collaborations, and partnerships to offer better treatment facilities to patients.
For instance, in January 2019, Acadia Healthcare acquired Whittier Pavilion, an inpatient psychiatric facility comprising 71 beds. In addition to this, MercyOne Central Iowa and Universal Health Services Inc. established a new 100-beds facility in Iowa to facilitate high-quality services for behavioural health.
Key Players in the Behavioural Health Treatment Market Include:
- Promises Behavioural Health
- Pyramid Healthcare
- Acadia Healthcare
- Ascension Seton
- CareTech Holdings PLC
- STRATEGIC BEHAVIOURAL HEALTH
- The MENTOR Network
- North Range Behavioural Health
- Universal Health Services Inc.
- Behavioural Health Network Inc.
- Others
More Valuable Insights on Behavioural Health Treatment Market
Fact.MR provides an unbiased analysis of the behavioural health treatment market, presenting historical demand data (2016-2019) and forecast statistics for the period from 2020-2027. The study divulges compelling insights on the global behavioural health treatment market with a detailed segmentation on the basis of:
Disorder:
- Depression
- Anxiety
- Schizophrenia
- Bipolar Disorder
- Alcohol Use Disorders
- Substance Use Disorders
- Eating Disorders
- Post-traumatic Stress Disorders
- Others
Service:
- Inpatient Hospital Treatment Services
- Outpatient Counselling
- Emergency Mental Health Services
- Home-based Treatment Services
- Others
Regions:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Key Questions Covered in Behavioural Health Treatment Market Report
- The report offers insight into the behavioural health treatment market demand outlook for 2020-2027.
- The market study also highlights projected sales growth for behavioural health treatment market between 2020 and 2027.
- Behavioural health treatment market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Behavioural health treatment market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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