The global behavioral health market size accounted for USD 127.20 billion in 2024 and is predicted to reach around USD 172.61 billion by 2034, growing at a CAGR of 3.1% from 2024 to 2034.
Behavioral health services are related to behaviors, performance, and active processes of a person that have consequences on the health of a patient. Mental illnesses, anxiety, depression, physical disorders including substance use disorders, post-traumatic stress disorder, eating disorders, and other mental diseases are the main causes of distress and disability for the population. The increasing need for managing these disorders will help in expanding the behavioral health market size in the future.
Several factors explain high behavioral health market growth including; improvement in the healthcare market, increase in the rate of people with behavioral health disorders, high adoption of integrated behavioral health into primary care physicians, and increase in the overall healthcare expenditure. Furthermore, the leading factor responsible for the emergence of the behavioral health market is the increasing rate of mental health and substance abuse disorders around the globe. Based on the data of 2023, released by the World Health Organization (WHO), more than 1 billion people have an annual prevalence of mental, neurological, and substance use disorders.
The rise in the number of mental health issues in the USA has led to holding the top position in the world behavioral health market in North America. Depression is a cause of suicide & consequently, suicide is a major tenth-ranking cause of death in the United States. Further, the increase in the consumption ratio of substances in the US is also contributing to the market growth exceptionally.
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| Stats ID: | 7328 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7328 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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