Behavioral Rehabilitation Industry
The global behavioral rehabilitation market size is expected to reach USD 845.5 billion by 2030, based on a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.42% from 2024 to 2030 due to the presence of favorable government initiatives, a rising number of service providers, and growing awareness regarding behavioral health among patients. Furthermore, the increasing incidence of depression and substance abuse disorders is anticipated to boost market growth. The high demand-supply gap in behavioral health services in most of the regions has led to the entry of new market participants. Hence, with the increasing competition, companies are engaging in several activities, including mergers and acquisitions, to gain competitive market share.
Major service providers are focused on regional expansions to provide outpatient services, which are preferred over other healthcare settings owing to cost benefits. For instance, in June 2023, Mount Sinai Health System opened a new Mount Sinai-Behavioral Health Center in New York. The facility is worth USD 140 million and will offer integrated behavioral health services, including inpatient care, intensive outpatient, and crisis services, such as Intensive Outpatient Programs and Partial Hospitalization Programs. The COVID-19 pandemic has amplified mental health conditions globally with increased incidence rates of psychological distress, depression, anxiety, and post-traumatic stress.
This has increased the demand for behavioral health services, which was majorly disrupted due to the adverse effects of the pandemic. According to a survey conducted by the National Council for Mental Wellbeing in 2020, around 54% of behavioral health service providers closed their programs due to the negative effects of the pandemic, while 65% of the providers had to reschedule, cancel, or shift patients. Moreover, these providers lost around 23% of their annual revenue due to the pandemic. However, the adoption of telehealth services was boosted in the later stage of the pandemic owing to limited access to in-person consultations.
Gather more insights about the market drivers, restrains and growth of the Global Behavioral Rehabilitation market
Behavioral Rehabilitation Market Segments Highlights:
- Based on the disorder, the anxiety disorder segment held the largest share in 2023 owing to the high prevalence of anxiety disorder cases and increasing awareness about behavioral rehabilitation therapy
- The outpatient healthcare settings segment dominated the market in 2023 owing to the affordability & high patient convenience of the facilities along with growing demand from patients in need of specialized services
- The personality disorder segment is expected to witness significant growth owing to the increasing social acceptance of patients and rising government initiatives directed toward the counseling of such disorders
- North America held the largest revenue share in 2023 owing to the presence of many service providers and higher awareness levels for behavioral health
Behavioral Rehabilitation Market Report Segmentation
Grand View Research has segmented the global behavioral rehabilitation market on the basis of disorder, healthcare settings, and region:
Behavioral Rehabilitation Disorder Outlook (Revenue, USD Million, 2018 - 2030)
- Anxiety Disorders
- Mood Disorders
- Substance Abuse Disorders
- Personality Disorders
- Attention Deficit Disorders
Behavioral Rehabilitation Healthcare Settings Outlook (Revenue, USD Billion, 2018 - 2030)
- Inpatient
- Residential
- Outpatient
Behavioral Rehabilitation Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Key Behavioral Rehabilitation Company Insights
- Acadia Healthcare
- Universal Health Services, Inc.
- Magellan Health, Inc.
- American Addiction Centers
- BHG Holdings, LLC
- Aurora Health Care
- Castle Craig Hospital
- South Pacific Private
- Promises Behavioral Health
- Springstone, Inc.
Order a free sample PDF of the Behavioral Rehabilitation Market Intelligence Study, published by Grand View Research.
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