The global behavioral rehabilitation market was valued at US$ 226,285.9 Mn in 2021 and is forecast to reach a value of US$ 310,435.0 Mn by 2028 at a CAGR of 4.8% between 2022 and 2028.
Behavioral Rehabilitation Market
A broad phrase used to describe several forms of therapy used to address mental health conditions is behavioural therapy. The scientific study of emotions, actions, and biology as they relate to a person’s mental health, capacity for daily functioning, and sense of self is known as behavioural health. The goal of behavioural rehabilitation is to recognise and assist in changing potentially harmful or self-destructive habits. It is frequently employed to help people recover from behavioural addictions. It is intended to develop a novel intervention that can boost executive functioning, memory, attention, and quality of life in addition to preventing future mood episodes. The need for behavioural rehabilitation is growing along with the frequency of behavioural disorders. There are many different forms of behavioural disorders, including oppositional defiant disorder and attention deficit hyperactivity disorder (ADHD) (ODD), and conduct disorder.
Market Statistics
By the end of 2022, the worldwide behavioural rehabilitation market is anticipated to generate US$ 234,408.0 Mn in revenue.
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Drivers
The worldwide behavioral rehabilitation market is anticipated to increase as behavioral rehabilitation therapies become more common and readily available. For instance, as behavioral problems become more common, there is a sharp rise in demand for behavioral rehabilitation on a global scale. The SAMHSA program will improve the provision of behavioral health care to residents of nursing homes as well as other long-term care facilities. The HHS offered a financing opportunity in May 2022 for a three-year government subsidy worth well over $ 15 million. In order to improve services for mental health in nursing homes and other lengthy care institutions, HHS has announced new funding opportunities.
Opportunities
Players in the worldwide behavioural rehabilitation market should have considerable development prospects due to rising demand for the acceptance of innovative goods or services. For instance, NextGen Healthcare Inc. announced the launch of the subsequent iteration of its behavioural health suite in September 2020. The NextGen package combines a complete software solution for behavioural, dental, and physical health. It is perfect for medical offices, mental health facilities, community health centres, and public health divisions.
Restraints
The worldwide behavioural rehabilitation market is predicted to expand slowly because to a lack of knowledge about behavioural problems, the stigma associated with them, and inadequate reimbursement. For instance, the stigma attached to the behavioural condition may keep some people from getting help, following their treatment plans, and thriving in their communities. Furthermore, because of ignorance, it is frequently challenging to recognise these issues. Since 2011, more individuals with mental illnesses have reported having unmet treatment needs, according to Mental Health America. Over 24.7% of individuals with mental illness in 2019 report having unmet treatment needs.
Impact
In 2020, the COVID-19 outbreak and related government-mandated closures disrupted school, socialization, and family life for children in school. These disturbances might be a factor in the rise in child behavior issues. Because of this, the Government of India’s Ministry of Social Justice and Empowerment established the 24-hour, toll-free KIRAN (1800-500-0019) mental health rehabilitation helpline in September 2020 to offer assistance and support to those who are suffering from mental illness. It was started by DEPwD, M/o Social Justice & Empowerment in response to the rise in mental illness, notably in the wake of the COVID-19 Pandemic.
𝐖𝐞 𝐎𝐟𝐟𝐞𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐂𝐥𝐢𝐜𝐤 @ https://www.coherentmarketinsights.com/insight/request-customization/5148
Key Takeaways
The market for behavioural rehabilitation was estimated at US$ 226,285.9 Mn in 2021 and is expected to expand at a CAGR of 4.8% from 2022 to 2028 attending US$ 310,435.0 Mn.
The segment for substance abuse disorders held the largest share of any type in the global behavioural rehabilitation market in 2021, accounting for 28.6% of the market’s value. Increasing approval and the introduction of new products are anticipated to fuel the segment’s growth over the course of the forecast period.
Market Trends
The expansion of the global behavioural rehabilitation market is anticipated to be fueled by an increase in the number of behavioural rehabilitation facilities globally. For instance, Hackensack Meridian Health announced the opening of the first urgent care centre with medical and behavioural health integration in September 2019 in order to increase access, better coordinate care, and develop novel treatments for people dealing with mental health and addiction issues.
The introduction of online counselling is anticipated to accelerate the growth of the market for behavioural rehabilitation worldwide. For instance, the Department of Health and Social Resources (DHSS) announced the opening of a new online resource in September 2020 that would enable Delawareans to discover services for themselves or a loved one in need of treatment for a drug use problem or mental health issues.
Competitive Landscape
Aurora Behavioral Health System, Universal Health Services Inc., Promises Behavioral Health, Springstone Inc., Haven Behavioral Healthcare Inc., Niznik Behavioral Health, Acadia Healthcare, Magellan Health Inc., AAC Holdings, Behavioral Health Group are a few of the major companies active in the global behavioural rehabilitation market.
Recent Developments
A joint venture agreement between Acadia Healthcare and Bronson Healthcare was established in June 2021 to construct a 96-bed treatment centre in Battle Creek.
Magellan successfully acquired a 70% stake in Arizona’s Bayless Integrated, a top provider of integrated outpatient mental health and primary care, in December 2020.
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Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type of Behavioral Disorder
- Market Snapshot, By Healthcare Setting
- Market Snapshot, By Treatment Method
- Market Snapshot, By Geography
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increase in prevalence of behavioral disorders worldwide
- Impact of stigma on people with behavioral disorder
- Advent of online counselling (telerehabilitation)
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Behavioral Rehabilitation Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Behavioral Rehabilitation Market, By Type of Behavioral Disorder, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Anxiety Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Mood Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Substance Abuse Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Personality Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Attention Deficit Disorder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Behavioral Rehabilitation Market, By Healthcare Setting, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Outpatient Behavioral Rehabilitation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Inpatient Behavioral Rehabilitation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Residential Behavioral Rehabilitation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Behavioral Rehabilitation Market, By Treatment Method, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Counselling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Medication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Support Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Other Treatment Methods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
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