ID: MRFR/HC/6961-HCR | February 2021 | Region: Global | 111 pages
The Behavioral Health Services Market is expected to reach USD 2,08,000.00 million by 2030 with a CAGR rate of 5.12%. Behavioral health problems are due to the absence of positive emotions, a range of physical, emotional, and behavioral symptoms. It is very common symptoms that affect 1 in 5 individual. There are different types of behavioral health services that a person may face. 7.4% of children age 3-18 years has behavioral health problems, and it is the second-highest contributor to global disability. There are many factors that lead to behavioral health problems.
Depression is one of the major problems causing disability worldwide, and it is a major contributor to global diseases. With an increasing number of behavioral health problems, the demand for behavioral health services is increasing. Increasing awareness and health treatments and global health facilities are increasing every day. Clinical advancement in treatment is using the enhanced process to deal with behavioral health. As a result, it is driving the behavioral health services industry growth. Also, the development of new treatments for behavioral health, with favorable supply and demand, are other factors boosting the behavioral health services market size.
Behavioral health is also the study of the biology of a person’s wellbeing, ability to function in everyday life, and behaviors. People suffering from behavioral health problems can suffer from depression, anxiety, stress, addiction, learning disability, and mood disorder. In this case, behavioral health services can be beneficial for the treatment. The conditions can cause by biological like genetic, anatomical, and chemical or a psychological origin such as trauma. Understanding the cause of the behavioral health problems can help to figure out the best treatment procedure.
The covid-19 pandemic has now spread all over the countries, and it has become a challenge for the governments. People with behavioral health problems or mental health problems are facing so many risks due to the covid-19. Due to the lockdown and social distancing guidelines by the government, people with behavioral health problems facing disruption in treatment, lifeline support services, medication, and it is causing a negative impact on the behavioral health services market. There is an increasing depression rate among the people due to the covid-19 pandemic, as people are at home all the time. People suffering from covid-19 have to stay alone to reduce the spread of Coronavirus. As a result, it is impacting their mental health. The rising number of mental health problems is expected to propel the behavioral health services industry in the forecast period.
Mental disorders are rising due to the rise in stress levels and the increasing rate of chronic diseases. According to the world health organization (WHO), more than 264 million people from all age groups suffered from depression in 2020, and it is boosting the behavioral health services industry trends. Additionally, the rising awareness is also a major driver of behavioral health services market growth. The rapid growth of the geriatric population is a major factor behind the growth of behavioral health problems, and it is driving the behavioral health services industry.
Furthermore rising prevalence of mental disorders is also causing the growth of the behavioral health services market. Globally 300 million people suffer from mental disorders. The need for behavioral health treatment is rising, and the advancement in treatment procedures is boosting the behavioral health services industry demand. The adoption of online therapy for treating behavioral health problems, increasing research and development for the treatment of behavioral health disorders is also propelling the behavioral health services market.
The budget for behavioral health services is increasing. The government is taking new initiatives to provide better treatment for people suffering from behavioral health disorders. People are not adopting the digital method like a software program to deal with mental health problems. All these factors will bring opportunities for the behavioral health services market.
Behavioral health treatment involves high treatment costs; as a result, so many people aren’t able to afford it, and it has become a restraint for the behavioral health services market. Apart from that, the lack of caretakers and trained professionals to deal with mental problems are hindering the behavioral health services industry.
There are many underdeveloped areas that are not aware of behavioral health services. They don’t get access to online or offline services; as a result, it has become a major challenge for the behavioral health services industry. The market key players are trying their best to overcome these challenges and boost the demand of the behavioral health services market.
The behavioral health services market analysis shows the market is growing over the years by registering a healthy CAGR rate. The market will grow more in the behavioral health services industry forecast period with the rapid adoption of behavioral health services across the world. The key players are focusing on advancing the services to grow the behavioral health services industry.
Market segmentation overview
By service type, the behavioral health services market is divided into inpatient hospital treatment, outpatient counseling, home-based treatment services, emergency mental health services, and others. Impatient hospital treatment is the largest segment of behavioral health services as it includes hospitalization of the patient in a short period of time. Outpatient counseling is generally for older people, and in this treatment procedure, the patient stays at home with medication and live therapy sessions to give the patient a healthy lifestyle. Home-based treatment is offered face to face at home. Emergency mental health services are for the patient without control behavior. And there are other types of services that are given for mental illness, abuse, and bipolar disorder.
The disorder type of the behavioral health services market Includes anxiety disorder, bipolar disorder, depression, eating disorder, post-traumatic stress disorder, substance abuse disorder, and others. Anxiety is the largest segment of the behavioral health services industry. Bipolar disorder includes a sudden change in mood, activities, and energy. Depression is a leading cause of disability and causes serious mental health problems that need extreme care. Post-traumatic stress disorder develops in a person after facing a dangerous event. Substance abuse disorder is due to the consumption of a specific type of substance.
The end-user segment of the behavioral health services market includes providers, hospitals and clinics, community centers, patients, and others. The provider segment is further subdivided into clinics and community centers. Hospitals and clinics are the largest segments of the behavioral health services industry. Community centers offer immediate treatment for behavioral health disorders.
The major regions in the behavioral health services market are North America, Europe, Asia Pacific, and the Middle East, and Africa. North America holds the highest behavioral health services industryt share. The adoption of behavioral health services is high in this region, and it has well-established healthcare facilities. North America will continue its dominance in the forecast period as well due to the increasing adoption of advanced technology in this region and increasing awareness of mental health among healthcare professionals and corporate sectors.Europe is also has a growing behavioral health services industry due to the presence of a geriatric population in this region. The Asia Pacific is the fastest-growing market, and this region is witnessing a majority of the population suffering from behavioral health disorders. The increasing number of behavioral health disorders in Asia, rising health awareness, and advanced healthcare infrastructure, increasing hospitals will drive the behavioral health services industry in this region. The Middle East and Africa have the smallest market due to the young population and limited healthcare facilities.
The major key players in the behavioral health services market are:
This behavioral health services market outlook involves a detailed analysis of the market. The report covers the market overview, market segments, market Dynamics with the help of behavioral health services industry analysis. Furthermore, this report also includes regional analysis, competitive landscape, and recent developments to give an idea about the developments in the behavioral health services industry. The market is expected to register a higher share in upcoming years.
By Services Type
By Disorder Type
|Market Size||2,08,000.00 Million 2030|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Services Type, Disorder Type, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Acadia Healthcare (US), National Mentor Holdings Inc (US), Behavioral Health Services Inc (US), Ocean Mental Health Services Inc (US), The MENTOR Network (US) Universal Health Services, Inc (US), Behavioral Health Network, Inc (US), CareTech Holdings PLC (UK), Strategic Behavioral Health (US), North Range Behavioral Health (US), Pyramid Healthcare (US), Promises Behavioral Health (US), Others|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The valuation of the behavioral health services market is estimated to reach USD 2,08,000.00 MN. by 2030.
Behavioral health services market is projected to grow at approximately 3.4% CAGR during the forecast period (2020-2030).
High prevalence of chronic diseases such as cancer.
North America holds the largest share in the global behavioral health services market, followed by Europe and the Asia Pacific, respectively.
National Mentor Holdings Inc (US), Acadia Healthcare (US), Behavioral Health Services Inc (US), The MENTOR Network (US), Ocean Mental Health Services Inc (US), Universal Health Services, Inc (US), CareTech Holdings PLC (UK), North Range Behavioral Health (US), Strategic Behavioral Health (US), Pyramid Healthcare (US), and Promises Behavioral Health (US), are some of the major players operating in the behavioral health services market.