Behavioral Health Market Is Expected to Reach USD 66.6 Billion by 2031, Says Allied Market Research
Based on age group, the adult segment held the major share in 2021. By region, on the other hand, Asia-Pacific would cite the fastest CAGR by 2031. Penetration of digital technologies such as telehealth, development of new treatments for behavioral health drives the growth of the global behavioral health market.
Portland, OR, Sept. 15, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research based in Portland (OR), the behavioral health market was estimated at $41.7 billion in 2021 and is expected to hit $66.6 billion by 2031, registering a CAGR of 4.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the behavioral health market.
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Behavioral Health Market Report Coverage and Details:
| Report Coverage | Details |
| Forecast Period | 2022 to 2031 |
| Base Year | 2021 |
| Market Size in 2021 | USD 41.7 Billion |
| Market Size in 2031 | USD 66.6 Billion |
| CAGR | 4.7 Percent |
| No. of Pages in Report | 369 |
| Segments Covered | Disorder, Service, Age Group, and Region |
| Drivers | Penetration of digital technologies such as telehealth, development of new treatments for behavioral health |
| Opportunities | Introduction of telehealth for behavioral health care |
| Restraints | Availability of alternative health therapies for behavioral disorders and high cost of service associated with the behavioral healthcare |
Impact of Covid-19 on Behavioral Health Market:
- The behavioral health centers were severely hit by the pandemic norms and the patients who were taking the treatment or the ones who were going to join the service centers were seen avoid the visits due to the obvious fear of the infection.
- However, with the growing prevalence of behavioral issues among individuals the market managed to get back on track soon.
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The global behavioral health market is analyzed across disorder, service, age group, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on disorder, the substance abuse disorder segment held around three-fourths of the total market revenue in 2021, and is expected to dominate by 2031. The eating disorders segment, on the other hand, would manifest the fastest CAGR of 5.9% throughout the forecast period.
Based on service, the inpatient hospital treatment services segment held more than two-fifths of the global behavioral health market revenue in 2021, and is expected to dominate by 2031. The emergency mental health services segment, however, would showcase the fastest CAGR of 6.1% throughout the forecast period.
Based on age group, the adult segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 5.1% throughout the forecast period. The pediatric and geriatric segments are also covered through the report.
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Based on region, the market across North America generated nearly three-fifths of the global market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, simultaneously, would manifest the fastest CAGR of 5.6% during the forecast period. The other regions studied in the report include LAMEA and Europe.
The key market players analyzed in the global behavioral market report include,
- Strategic Behavioral Health LLC
- Ascension
- Behavioral Health Services Inc.
- Caretech Holdings PLC
- Behavioral Health Network Inc.
- Civitas Solutions Inc.
- Core Solutions Inc.
- Acadia Healthcare
- Elevance Health
- Centene Corporation
- North Spring Behavioral Healthcare
- Oracle Corporation
- Promises Behavioral Health
- Pyramid Healthcare Inc.
- Bright Harbor Healthcare
- Universal Health Services Inc.
- Welligent Inc
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
Official Press Release- https://www.alliedmarketresearch.com/press-release/behavioral-health-market.html
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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