FMI Predicts 3.4% CAGR for Behavioral Health Market, Reaching US$ 156.3 Billion by 2028

The worldwide Behavioral Health Market accumulated a sum of US$ 128.2 billion and is anticipated to undergo a growth rate of 3.4% CAGR during the forecast period spanning from 2022 to 2028. By the conclusion of 2028, it is poised to reach a valuation of US$ 156.3 billion.

North America is predicted to have the biggest revenue share in the global market for behavioral health throughout the course of the forecast period. Since almost 43.8 million adult Americans today suffer from a mental illness, demand for behavioural health therapies is rising. The demand for home care, day care, and online counselling services is expected to drive the growth of the behavioural health market in developing countries.

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Global Behavioural Health Market: Segmental Analysis & Forecast

Based on service type, disorder type, and geography, the global market for behavioural health is divided into these categories. The market is divided into outpatient counselling, intensive case management, home-based treatment services, inpatient hospital treatment, emergency mental health care, and other service types based on the type of service provided. The type segment for inpatient hospital treatment services is predicted to have the biggest revenue share in the global market for behavioural health. In the upcoming years, home-based treatment services are anticipated to grow in popularity with consumers, with a CAGR of 4.0% predicted for this market during the projected period.

The market is divided into sections based on the types of disorders: drug abuse disorder, eating disorder, post-traumatic stress disorder (PSTD), bipolar disorder, and depression, among others. Due to a large patient pool internationally and a high acceptance of behavioural health therapy among patients with anxiety issues, the anxiety disorder sector is predicted to continue to lead the global behavioural health market among all condition categories. The WHO estimates that 260 million individuals worldwide have an anxiety disorder.

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Key trends among end users in the worldwide behavioural health industry include increased drug and alcohol exposure among young adults and tighter insurance policies for mental health. Additionally, outpatient counselling for kids with ADHD, rehabilitation programmes for those with substance abuse disorders, awareness-raising efforts for mental illnesses and drug addiction, etc. are some of the main drivers propelling the expansion of the global market for behavioural health. The global market for behavioural health is anticipated to have positive revenue growth as a result of government measures to ease the burden of mental illness and the provision of rehabilitation services by non-governmental organisations (NGO).

Global Behavioural Health Market: Competition Analysis

The global market for behavioural health is fragmented with many local and regional level players operating in the worldwide market. Some of the key players featured in the global behavioural health market report include Acadia Healthcare Co., Inc., Universal Health Services Inc., Magellan Health Inc., National Mentor Holdings Inc., Behavioral Health Services Inc., Behavioral Health Network Inc., North Range Behavioral Health, Strategic Behavioral Health LLC, Seton Healthcare Family (Ascension Health) and Ocean Mental Health Services Inc. etc. among others.

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Key Segments Covered in Behavioral Health Industry Survey Behavioral Health by Service Type:

• Outpatient Counselling for Behavioral Health
• Intensive Case Management for Behavioral Health
• Home-based Treatment Services for Behavioral Health
• Inpatient Hospital Treatment for Behavioral Health
• Emergency Mental Health Service for Behavioral Health
• Others

Behavioral Health by Disorder Type:

• Anxiety Disorder
• ADHD
• Bipolar Disorders
• Depression
• Eating Disorder
• Post-traumatic Stress Disorder (PTSD)
• Substance Abuse Disorder
• Others

Behavioral Health Market by Region:

• North America Behavioral Health Market
• Latin America Behavioral Health Market
• Europe Behavioral Health Market
• East Asia Behavioral Health Market
• South Asia & Pacific Behavioral Health Market
• Middle East & Africa (MEA) Behavioral Health Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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