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Behavioral Health Market Trends

  • Report ID: GMI9396
  • Published Date: May 2024
  • Report Format: PDF

Behavioral Health Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as growing focus on prevention and early intervention, growing demand for telebehavioral health and digital therapeutics, and surging need for personalized and precision medicine, among other factors are propelling the industry growth.
 

  • Further, there is a growing recognition of the importance of prevention and early intervention in addressing behavioral health issues before they escalate into more severe problems. Initiatives aimed at promoting mental health awareness, resilience-building, and early identification of symptoms are being implemented across healthcare systems, schools, workplaces, and communities to prevent the onset of mental illness and reduce the burden on the healthcare system.
     
  • Moreover, advances in genetics, neuroimaging, and biomarker research are paving the way for personalized and precision approaches to mental health care. Genetic testing, brain imaging techniques, and other diagnostic tools help identify biological markers and individualized treatment targets for patients with mental health disorders, enabling more tailored and effective treatment strategies, thereby aforementioned factors are expected to drive the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Behavioral health market size was USD 151.7 billion in 2023 and is expected to register 3.7% CAGR from 2024-2032 owing to the ongoing advancements in healthcare, and surging demand for integrating behavioral health into primary care, worldwide.

Behavioral health industry from the outpatient counselling segment recorded USD 66.2 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to being essential for prevention and early intervention efforts in addressing mental health and substance abuse issues.

North America behavioral health industry reached USD 84.8 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing awareness of mental health issues in the region.

Elevance Health, Inc., HCA Healthcare, Inc., Magellan Health, Inc., Ocean Mental Health Services Inc., Promises Behavioral Health, Pyramid Healthcare Inc, Springstone, Inc., Tenet Healthcare Corporation, and Universal Health Services Inc., are some of the major behavioral health companies worldwide.

Behavioral Health Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 150
  • Countries covered: 23
  • Pages: 110
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