Global Behavioural Health Market

Behavioural Health Market Size, Share, Growth Analysis, By Service(Home-Based Treatment Services, Outpatient counselling), By Disorder(Bipolar Disorder, Anxiety Disorder) - Industry Forecast 2024-2031


Report ID: SQMIG35D2008 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 69 | Figures: 75

Behavioural Health Market Dynamics

Behavioural Health Market Driver

Surging Demand for Behavioural Health Services due to Rise in Depression Rates across Globe

  • Depression, eating disorders, anxiety, bipolar disorder, schizophrenia, alcohol use disorders, and post-traumatic stress disorders are the disorder types defined in the worldwide behavioural health industry. In 2021, the depression sector accounted for a sizable portion of the worldwide market. From 2023 to 2030, the category is predicted to grow at a rapid pace. The global market is being propelled by an increase in the number of depression cases caused by negative thoughts, socioeconomic strain, and significant sickness.
  • Services in behavioural health include mental health, alcohol and substance misuse, depression, anxiety, post-traumatic stress disorder, schizophrenia, and eating disorders. The growth in the number of individuals, children, and the elderly suffering from significant mental disease has raised the demand for behavioural health therapy. 
  • Furthermore, the stigma associated with mental illness is fading, allowing individuals to seek treatment for mental health difficulties. Children and adults are more open to discussing difficulties and ideas with the therapist, which aids in the treatment of stress and depression. Another key reason anticipated to drive demand for mental health treatments and behavioural health services is an increase in mental health difficulties caused by stress, peer pressure, and social and economic hardship.

Behavioural Health Market Restraint

Clinical and scientific knowledge gaps to create market challenges

  • Understanding behavioural health diseases is still in the early stages of research. Behavioural disorder classifications address various causalities, and diagnoses include less defined categorizations, ambiguous thresholds between disorder and non-disorder characteristics, and frequent comorbidity when consumers come with several diseases. Even diseases with clear definitions can be difficult to classify, diagnose, and treat. 
  • As with physical health issues, data sharing across existing data sources is poor, and behavioural health information sources are not interoperable to assist clinician decision-making. Furthermore, even when data is shared, it is not always accessible to all users and systems since it is not interoperable between users and systems. Even when data is available, behavioural health issues may be underreported due to the related stigma.
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FAQs

The behavioral health market is projected to grow at a CAGR of 3.10% during the forecast period of 2022-2029.

Limited access to mental health providers, lack of trained mental health care provider, low awareness regarding treatment option among general population and limitation of primary care services are major challenges for the Behavioural Health Market.

Behavioural Health Market size was valued at USD 1.99 billion in 2019 and is poised to grow from USD 2.22 billion in 2023 to USD 5.04 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).

According to the research, prominent manufacturers are always improving their goods in order to attract new clients and increase their Service range in order to enhance their market position in all key nations. Besides, the rise in public and private support for specialized research provide market participants with profitable options. Furthermore, the increasing number of Service approvals, current implant developments, and technical improvements are some of the other aspects expected to contribute to a positive market outlook. 'Acadia Healthcare', 'Behavioral Health Network, Inc.', 'Universal Health Services (UHS)', 'Magellan Health', 'Cigna Corporation', 'UnitedHealth Group', 'Anthem, Inc.', 'Aetna Inc.', 'Beacon Health Options', 'Optum, Inc.', 'Humana Inc.', 'Centene Corporation', 'Molina Healthcare, Inc.', 'WellCare Health Plans, Inc.', 'Bristol-Myers Squibb', 'Pfizer Inc.', 'Johnson & Johnson', 'Eli Lilly and Company', 'GlaxoSmithKline plc', 'Sanofi S.A.'

Depression, eating disorders, anxiety, bipolar disorder, schizophrenia, alcohol use disorders, and post-traumatic stress disorders are the disorder types defined in the worldwide behavioural health industry. In 2021, the depression sector accounted for a sizable portion of the worldwide market. From 2023 to 2030, the category is predicted to grow at a rapid pace. The market is being propelled by an increase in the number of depression cases caused by negative thoughts, socioeconomic strain, and significant sickness.

Prioritizing Patient Data and Privacy: On the regulatory front, the rising use of telehealth has compelled providers to prioritise patient data protection and privacy. Electronic health records (EHR) already have particular regulatory demands; telehealth services and platforms must comply with new and existing health regulatory frameworks if they are to protect your practise from harsh fines. 

In 2022, Europe led the worldwide behavioural health market. The region's market is largely driven by an increase in the prevalence of behavioural health problems such as depression and anxiety. An increase in the number of drug addiction and alcohol abuse disorder cases is also expected to fuel the regional behavioural health market. Furthermore, the existence of significant competitors and developments such as acquisitions, collaborations, and the opening of new facilities are expected to boost the European behavioural health market.

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Global Behavioural Health Market

Product ID: SQMIG35D2008

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