Behavioral Health Market size is poised to reach USD 67 Billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of behavioral health was over USD 42 Billion. The growth is primarily attributed to the rising prevalence of various mental disorders. According to the World Health Organization, anxiety and depressive disorders were the most prevalent mental illnesses, affecting 1 in 8 persons, or 970 million people worldwide, in 2019. Furthermore, rising count of substance abuse along with the proliferating demand for behavioral health services are some other major factors which are expected to drive the growth of the market over the forecast period.
Mental disorders such as depression, anxiety, and others are the major region behind distress population. The causes of these mental disorders are estimated to be changing lifestyle, and also heavy work load among the working population, which is further expected to boost the growth of the market during the forecast period. According to an estimate, for approximate 35% of workers, their workload is the main source of stress. Besides this, shocking rise in eating disorder and growing use of alcohol are further factors that are leading the behavioral health market over the projected time frame.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
5% |
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Base Year Market Size (2022) |
USD 42 Billion |
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Forecast Year Market Size (2033) |
USD 67 Billion |
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Regional Scope |
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Disorder (Alcohol Use Disorder, Substance Abuse Disorder, Eating Disorder, ADHD)
The behavioral health market is segmented and analyzed for demand and supply by disorder into alcohol use disorder, substance abuse disorder, eating disorder, and ADHD. Out of which, the substance abuse disorder segment is estimated to garner the largest revenue by the end of 2033, backed by increasing prevalence of substance abuse or drug abuse among the young population in the developed and developing nations. As of June 2020, 13% of Americans reported commencing or increasing substance use as a strategy to deal with stress or emotions associated to COVID-19, according to the Centers for Disease Control and Prevention.
Our in-depth analysis of the global market includes the following segments:
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By Disorder |
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By Service |
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By Age Group |
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North America Market Forecast
The North America behavioral health market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, owing to rising prevalence of anxiety disorder among the population in the region. According to the Anxiety & Depression Association of America, anxiety disorders are the most common mental disorder in US which is estimated to affect 40 Million adults age 18 and older every year. Also increasing consumption of illicit drugs is further factor which is expected to boost the growth of the market in this region.
Acadia Healthcare made a formal academic link with Thomas Jefferson University's Sidney Kimmel Medical College and Jefferson Health in Philadelphia, Pennsylvania, for the advancement of the integration of mental healthcare and medical treatment as well as the codevelopment of new initiatives in regional Acadia institutions, such as Belmont Behavioral Health Hospital.
Magellan Healthcare Inc., the behavioral and specialized healthcare division of Magellan Health, Inc., announced tools addressing depression in adults and adolescents for the National Depression and Mental Health Awareness and Screening Month in October.
Author Credits: Radhika Gupta, Shivam Bhutani
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