Analysis by Disorder (Alcohol Use Disorder, Substance Abuse Disorder, Eating Disorder, and ADHD); by Service (Emergency Mental Health Services, Outpatient Counselling, Home-Based Treatment Services, and Inpatient Hospital Treatment Services), and by Age Group (Pediatric, Adult, and Geriatric) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global behavioral health market is estimated to garner a revenue of ~USD 67 Billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 42 Billion in the year 2022. 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.
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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.
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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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Growth Drivers
Rise in Number of People with Depression - According to the World Health Organization, around 280 million individuals worldwide suffer from depression. Depression leads to various other complications which also includes disability. It also causes obesity, heart problems, and more. Hence to treat depression at a correct time is necessary to avoid further complications. Therefore, owing to this factors the market is expected to grow further.
Increasing Consumption of Alcohol – For instance, Stress-related alcohol use affects around 59% of adults.
Growing Harassment & Bullying Cases – For instance, with over 90 thousand victims, region 4-a in the Philippines experienced the largest number of cyberbullying occurrences in 2019.
Growing Initiatives to Improve Behavioral Health - Behavioral Health Workforce Tracker, a new database of more than 1 million behavioural health practitioners, is being developed with help from SAMHSA. Users of the tracker will be able to see the geographic distribution, provider types, and Medicaid acceptance status of behavioural health providers.
Growing Demand for Mental Health Professional - In 2020, 20.3% of adults reported receiving some form of mental health care in the previous 12 months. Of these, 16.5% had used prescription medicine for their mental health and 10.1% had sought professional counselling or therapy.
Challenges
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.
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.
Our in-depth analysis of the global behavioral health 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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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The major factors driving the growth of the market are rise in number of people with depression, increasing consumption of alcohol, growing harassment & bullying cases, and other.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: Rise in cost of mental health program, lack of psychiatrists, and negative perception about mental health treatments are some of major factors expected to hinder the growth of the market.
Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Acadia Healthcare, Universal Health Services, Inc., Magellan Health Inc., Sevita, and more.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by disorder, service, age group, and by region.
Ans: The substance abuse disorder is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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