Home Based service type to grow at the highest rate in the forecast period, growing at a CAGR of 4.9% during 2019-2026 – GMI Research

The global behavioural health market was valued at USD 133.2 billion in 2018, and is expected to reach USD 182.1 billion by 2026, growing at a CAGR of 4.0% during 2019-2026. The key factors boosting the growth of the market are increasing cases of mental disorders which is creating demand for better behavioural health treatment. Moreover, increased social acceptance is also a major driving factor of market growth.

Furthermore, advancements in medication management and clinical procedures across the globe have led to the burgeoning market growth of behavioural health market.

Inpatient Hospital Management service type segment is expected to dominate global behavioural health market during the forecast period. In 2018, almost half of the market share was held by inpatient hospital management. However, the highest growth rate is expected to be witnessed by the Homecare management segment during the forecast period owing to the increasing demand for homecare treatment and rising awareness of the behavioural health issues.

Clinical advancements in behavioural health industry and increasing social acceptance are likely to drive the growth of global behavioural health market in near future. Anxiety disorder to dominate the market in terms of revenue share.

“The companies are focussing on providing behavioural health care services as per the market need to keep leadership in the competitive behavioural health market. For example, in July 2018, Behavioural Health Group one of the key players in the market opens new Addiction Treatment Center in Berea, Kentucky.—-GMI Research

Based on geography, North America region dominated the market in 2018 owing to high diagnosis rate of behavioural health disorder, high volume of advanced medication management and growth in social acceptance. In addition, the region is also witnessing a rise in incidence of mental disorders is further fuelling the market growth. Europe held the  second largest revenue share in 2018 and is predicted to grow at a steady  rate during the forecast years.

Key takeaways/key essentials:

• In 2018, the Outpatient Clinics end use type held more than half of the market share.
• Acadia Healthcare Co, Universal Health Services Inc, Magellan Services Inc, National Mentor Holdings, Inc are the leading players holding approximately around one third of the market share.
• The homecare services segment is anticipated to grow at the highest rate during the forecast period from 2019 to 2026.
• Homecare Services segment is the emerging services segment in the behavioural health field, which is intended to cater to the unmet needs of the behavioural health market.
• North America region occupied maximum revenue share in global behavioural health market in 2018.

GMI Research report on global behavioural health market captures the profiles of key players which include Acadia Healthcare Co, Universal Health Services Inc, Magellan Services Inc, National Mentor Holdings, Inc, Behavioural Health Services, Inc, Behavioural Health Network, Inc, North Range Behavioural Health, Seton Healthcare Family (Ascension Health), Ocean Mental Health Services, Beacon Health Strategies.

The global behavioural health market report is segmented based on services type, the market comprises of Inpatient Hospital Treatment, Outpatient Counselling, Home-Based Treatment Services, Emergency Mental Health Services, Intensive Care Management. The disorder includes Anxiety Disorder, Bipolar Disorder, Depression, Eating Disorder, Post-Traumatic Stress Disorder, Substance Abuse Disorder and Others. The end user type includes Outpatient Clinics, Rehabilitation Centers, Hospitals (Emergency), Homecare Setting.

The research report “Global Behavioural Health Market” provides in-depth analysis of behavioural health market, globally, based on services type, disorder type, end user type and major geographies for the forecast period from 2019 to 2026. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for behavioural health market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-behavioral-health-market-by-services-type/
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