Rockville, March 21, 2023 (GLOBE NEWSWIRE) -- The market for Behavioural Health Treatments will expand at a CAGR of 2.9%, over the forecasted time. The rise of telepsychiatry procedures in the industry will be the primary factor driving the growth of the worldwide market for behavioural health.
The rise in mental health problems brought on by stress, peer pressure, and social and economic hardship is yet another aspect that could raise demand for mental health behavioural health care.
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Report Attributes | Details |
| Forecast Period | 2022 - 2032 |
| Historical Data | 2017-2021 |
| Growth Rate (2022-2032) | 2.9% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 26 Tables |
| No. of Figures | 78 Figures |
Competitive Landscape:
Key players in the market are adopting various strategies such as acquisitions, collaborations, and partnerships to gain a sustainable market share.
Moreover, companies are adopting various strategies such as fast regulatory approvals and the launch of new products to maintain a sustainable share of the market.
- In September 2022, Accanto Health launched its first virtual and outpatient mental health treatment program.
- Besides this, In October 2022, Spring Health collaborated with Moda Health. Moda offers measure-based behavioral healthcare to selected employee groups.
Key Companies Profiled in Behavioural Health Treatment Market report
- Acadia Healthcare
- CareTech Holdings PLC
- The MENTOR Network
- Universal Health Services, Inc.
- Behavioural Health Network Inc.
- North Range Behavioural Health
- Strategic Behavioural Health
- Ascension Seton
- Pyramid Healthcare
- Promises Behavioural Health
There are Several Drivers for the Behavioural Health Treatment Market, including:
- The prevalence of mental health disorders such as anxiety, depression, and substance abuse is on the rise globally, which is driving the demand for behavioral health treatment services.
- There is an increasing awareness and acceptance of mental health issues, which is reducing the stigma associated with seeking treatment for such disorders. This, in turn, is driving the demand for behavioral health treatment services.
- Technological advancements such as telemedicine, mobile health apps, and virtual reality are making behavioral health treatment more accessible and convenient for patients, which is driving the growth of the market.
- Governments across the globe are taking steps to improve mental health services and increase access to behavioral health treatment. For example, in the US, the Affordable Care Act requires insurance providers to cover mental health services, which has increased the demand for such services.
- As healthcare expenditure increases globally, there is more funding available for behavioral health treatment services, which is driving the growth of the market.
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Key Market Trends:
Some of the Current Trends in the Behavioural Health Treatment Market include:
- With the COVID-19 pandemic, telehealth and virtual care have become increasingly popular as a way to provide behavioral health treatment. These services allow patients to receive care from the comfort of their own homes, which is especially important for those who live in remote areas or have mobility issues.
- Behavioral health treatment is becoming more personalized, with healthcare providers tailoring treatment plans to the individual needs of patients. This can include using data analytics and artificial intelligence to develop more effective treatment plans.
- There is a growing recognition that physical and mental health are closely linked, and healthcare providers are working to integrate behavioral health treatment with primary care services. This can improve patient outcomes and reduce healthcare costs.
- There is an increasing focus on prevention in the behavioral health treatment market, with healthcare providers working to identify and address mental health issues before they become more severe. This includes using digital tools to screen for mental health disorders and providing early intervention services.
- Collaborative care models involve a team-based approach to behavioral health treatment, with primary care providers, mental health specialists, and other healthcare professionals working together to provide coordinated care. This can improve patient outcomes and reduce healthcare costs.
Restraints:
Some of the restraints in the Behavioral Health Treatment Market include:
- Despite growing awareness and acceptance of mental health issues, there is still a significant stigma and discrimination associated with seeking treatment for behavioral health disorders. This can prevent individuals from seeking care and can be a barrier to the growth of the market.
- There are still significant gaps in access to behavioral health treatment, especially in rural and low-income areas. This can limit the growth of the market and prevent individuals from receiving the care they need.
- Behavioral health treatment can be expensive, especially for those without insurance or with limited insurance coverage. This can be a barrier to accessing care and can limit the growth of the market.
- There is a shortage of mental health professionals, especially in certain areas of the world. This can make it difficult for patients to access care and can limit the growth of the market.
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Key Segments Profiled in the Behavioural Health Treatment Industry Survey
Fact.MR has studied the global behavioural health treatment market with detailed segmentation on the basis of disorder type, service type, and key regions.
- By Disorder Type :
- Depression
- Anxiety
- Schizophrenia
- Bipolar Disorders
- Alcohol Use Disorders
- Substance Abuse Disorders
- Eating Disorders
- Post-traumatic Stress Disorder (PSTD)
- Other
- By Service Type :
- Inpatient Hospital Treatment Services
- Outpatient Counselling
- Emergency Mental Health Services
- Home-based Treatment Services
- Other
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