Global Behavioural Health Market Analysis and Forecast Predictions

Published: Wed Oct 24 2018

Behavioural health comprises of non-pharmacological therapies for treating conditions such as mental health, substance abuse disorder and a lot more. Presently, a considerable share of the global population is struggling to cope with mental illnesses like depression or personality disorders, which in turn influences their behaviour. The usefulness of behavioural health services is to aid or support to a suspected behavioural health need. In order to understand the overall expanse of the behavioural health market, a new research study titled "Behavioural Health Market: Outpatient counselling projected to be the Most Lucrative Service Type: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028", has been included to the wide database of Market Research Reports Search Engine (MRRSE). This assessment tries to enlighten the readers about the various advancements and innovations planned for the future, which are expected to motivate the global market for behavioural health.

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As per research findings, the global behavioural health market (in terms of revenue) is anticipated to expand at 3.4% CAGR during the forecast period of 2018-2028. At this pace, the concerned market is expected to acquire a value worth US$ 156.3 Bn by 2028 end. Focusing on the market drivers, it has been analyzed that global demand for behavioural health services is rising due to increasing prevalence of mental disorders as well as swelling demand for behavioural health treatment. In addition, increased awareness merged with social acceptance of behavioural health issues are likely to deliver favourable paths for behavioural health service providers. On the other hand, the prime restraints for the development of the global behavioural health market are fixed at limited access to mental health providers, lesser awareness about treatment option among general population, lack of skilled mental health care provider and restriction of primary care services.

The report bifurcates the global behavioural health market in terms of service type, region and disorder type. The major regions analyzed in the report are North America, Latin America, Western Europe, Asia Pacific excluding Japan, Eastern Europe, Middle East & Africa and Japan. On the basis of value, North America lead the global behavioural health market in 2017 and is further expected to grow at a CAGR of above 3% during 2018-2028. Few of the key players from the worldwide market are Acadia Healthcare Co., Inc., Magellan Health Inc., Universal Health Services, Inc., National Mentor Holdings Inc., Behavioural Health Network Inc., Behavioural  Health Services Inc., North Range Behavioural  Health, Seton Healthcare Family (Ascension Health), Ocean Mental Health Services Inc., Strategic Behavioural  Health, LLC among others.

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