This report provides exclusive insights into the COVID-19 impact on the Behavioural Health Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Behavioural Health Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Behavioural Health Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on behavioural health market provides in-depth
analysis of segments and sub-segments in the global as well as regional
behavioural health market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional behavioural health
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global behavioural
health market. According to the report, the global behavioural health market is
projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
Behavioural health includes
non-pharmaceutical therapies for various conditions such as substance abuse
disorder, mental health, etc. It provides help, treatment, and support to
confirmed or suspected behavioural health needs. Behavioural health integration
is an effective strategy that improves the outcomes of millions of individuals
with mental health conditions.
Mental health issues and drug
abuse are becoming a crucial issue for society. The prevalence of mental health
issues drives the growth of behavioural health market. According to the World
Health Organization, one in four people globally will be affected by some
mental or neurological disorders during their lifetime. The rising burden of
fast-paced lifestyles with growing incidences of mental health problems
stimulates the demand for behavioural health treatments. The increasing health
facilities globally led to the expansion of behavioural health market. The
rising awareness and social acceptance of comportemental health problems
contribute to the growth of market. The behavioural health market is further
expanded owing to various alarming concerns about public health such a rising
number of suicidal deaths and depression cases. As per the World Health
Organization, around 800000 people die due to suicide every year globally. The
growing clinical advances in psychological and detoxification treatments with
enhanced processes prosper the behavioural health even further. In addition,
increasing online counselling programs and daycare services administer improved
behavioural healthcare. On the other side, lack of trained mental health care
providers hinders the growth of behavioural health market. Moreover, research
and development with favourable mental health budgets create numerous
opportunities for the growth of market.
North America is anticipated to
have the largest share in the global behavioural health market. The rising
social acceptance, social awareness among the population in North America
stimulates the development of behavioural health market in North America.
Europe is expected to be the second largest in the global behavioural health
market. The growing number of cases of mental disorders in the European region
augments the development behavioural health market in Europe. Asia-Pacific region is anticipated to grow in the global behavioural health market at the
fastest CAGR over the forecast period. The growing geriatric population in the
Asia-Pacific region such as China and Japan contributes to the growth of
behavioural health market in Asia-Pacific.
The report on global behavioural
health market covers segments such as disorder, and service. On the basis of
disorder, the sub-markets include anxiety, depression, bipolar disorders,
alcohol use disorders, schizophrenia, substance abuse disorders, eating
disorders, and other disorders. On the basis of service, the sub-markets
include outpatient counseling, emergency mental health services, inpatient
hospital treatment services, home-based treatment services, and other services.
The report provides profiles of
the companies in the market such as CareTech Holdings PLC, Acadia Healthcare Co
Inc., The MENTOR Network, Inc., Behavioral Health Network Inc., Universal
Health Services, Inc., Strategic Behavioral Health LLC, Ascension Seton, North
Range Behavioral Health, Promises Behavioral Health, Pyramid Healthcare Inc.,
and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of behavioural health market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.