Behavioral Health Market to Reach $107.3 Billion By 2032 | CAGR: at 7.7%: Allied Market Research

GlobeNewswire On March 7, 2024 17:20 IST

Behavioral health is defined as the connection between behavior and the health and well-being of the body, mind and spirit. It includes how behavior like eating habits, drinking or exercising impact physical or mental health.

Wilmington, New Castle, Delaware, March 07, 2024 (GLOBE NEWSWIRE) —

Allied Market Research published a report, titled, “Behavioral Health Market by Disorder (Alcohol Use Disorders, Substance Abuse Disorders, Eating Disorders, ADHD, and Others), Service (Emergency Mental Health Services, Outpatient Counselling, Home-based Treatment Services, Inpatient Hospital Treatment Services, and Other Services), and Age Group (Pediatric, Adult and Geriatric): Global Opportunity Analysis and Industry Forecast, 2022-2032.” According to the report, the Global Behavioral Health Market was valued at $52 billion in 2022 and is estimated to reach $107.3 billion by 2032, exhibiting a CAGR of 7.7% from 2023 to 2032.

Prime Determinants of Growth

The behavioral health market has experienced significant growth owing to rise in disorders such as alcohol use disorders and substance abuse disorders, mainly in developed and developing economies.

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Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size In 2022	$52 Billion
Market Size In 2032	$107.3 Billion
CAGR	7.70%
No. Of Pages In Report	283
Segments Covered	Disorder, Service, Age Group, And Region.
Drivers	Increase In Prevalence Of Destructive Behavior
	Increase In Number Of Substance Abuse
	Increase In Demand For Behavioral Health Services
Opportunities	Introduction Of Telehealth For Behavioral Health Care
Restraints	Availability Of Alternative Health Therapies For Behavioral Disorders

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The Substance Abuse Disorders segment to maintain its leadership status during the forecast period

By disorder, the substance abuse disorders segment held the highest market share in 2022, accounting for more than three fourths of the market revenue, owing to rise in drug awareness campaigns and associated prevention programs.

The Inpatient Hospital Treatment Services segment to maintain its leadership status during the forecast period

Based on service, the inpatient hospital treatment services segment held the highest market share in 2022, accounting for nearly one third share of market revenue, owing to high adoption of such services in inpatient hospital settings.

The adult age group segment to maintain its leadership status during the forecast period

Based on age group, the adults segment held the highest market share in 2022, accounting for more than half of market revenue.

The North America segment to maintain its leadership status throughout the forecast period

Based on region, the North America segment held the highest market share in 2022, accounting for almost half of market revenue owing to the presence of large patient population, strong presence of key players. However, Asia-Pacific is expected to grow at the highest CAGR, owing to increase in number of affected population and rise in awareness related to different disorders related to behavioral health.

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Leading Market Players

Acadia Healthcare
Ascension Seton
Behavioral Health Services Inc.,
Bright Harbor Healthcare
CareTech Holdings PLC
Centene Corporation
Civitas Solutions Inc.
Core Solutions Inc.
Oracle Corporation
Pyramid Healthcare, Inc.
Universal Health Services, Inc.
Welligent Inc.

The report provides a detailed analysis of these key players in the Behavioral Health Market. These players have adopted different strategies such as product launch, agreement and collaboration to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.

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