Transparency Market Research is publishing a new report titled, “Behavioral Health Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” which provides key insights on the behavioral health market. The new report anticipates that the surge in government initiatives & favorable reimbursement, increase in awareness among people about behavioral health, and rise in prevalence of disorders such as anxiety, depression, and drug use disorders will drive the behavioral health market during the forecast period i.e, 2018-2026.
The report has split the global behavioral health market based on disorder, end-user, and region. Based on disorder, the report has divided the market into depressive disorder, drug use disorders, anxiety disorders, schizophrenia and other mental and behavioral disorders. Among these, the depressive disorder segment is expected to account for a large market share owing to the increase in number of people suffering from depression.
According to the World Health Organization, at the global level, over 300 million people are estimated to suffer from depression, equivalent to 4.4% of the world’s population. In terms of end-user, the global behavioral health market is categorized into psychiatric hospitals, mental health & substance abuse clinics, home care, and others. The psychiatric hospitals segment is expected to account for significant market share due to rise in number of mental hospitals and increase in initiatives and support by government and private organizations.
Based on regional perspective, the report has segregated the global behavioral health market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America was a significant market for behavioral health in 2017 and the trend is expected to continue during the forecast period.
Dominance of North America is ascribed to the presence of large number of people suffering from depression and increase in government initiatives. Europe was also a significant market for behavioral health in 2017 due to increase in prevalence of depression and anxiety. Rise in awareness about behavioral/mental health, aging population, and increase in health care expenditure are projected to boost the growth of the behavioral health market in Asia Pacific during the forecast period, as per the report.
Prominent players operating in the global behavioral health market are included in this report to give a better competitive analysis and these are Acadia Healthcare, CareTech Holdings plc, Epic Health Services, Pyramid Healthcare, Universal Health Services, Inc., and Elements Behavioral Health.
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