Behavioral Rehabilitation Market Size Gain US$ 199.33 Billion by 2029

The global behavioral rehabilitation market size is expected to hit USD 199.33 billion by 2029 from at USD 150 billion in 2021 and is expanding growth at a noteworthy CAGR of 3.7 % from 2021 to 2030.

Growth Factors

The globe is registering an increasing prevalence of various mental and behavioral disorders such as attention deficit disorder, depression, and anxiety, which is significantly augmenting the demand for the behavioral rehabilitation services across the globe. The surging awareness regarding the various behavioral disorders among the global population is fostering the growth of the behavioral rehabilitation market.

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According to the Mental Health Foundation, mental disorders are the major cause of increasing health concerns. Furthermore, as per the data provided by the US Department of Health and Human Services, approximately 20% of the adolescents including children, suffered from some sort of mental disorders at least oncein their life. Moreover, the substance abuse disorders is rapidly growing among the population, which is expected to have a significant impact on the growth of the behavioral rehabilitation market in the forthcoming years.

Report Highlights:

• Based on the disorder type, the substance abuse disorder is anticipated to exhibit the highest growth rate during the forecast period. According to the United Nations Office on Drugs and Crime, about 27 million people suffered from drug use disorder in 2013. Approximately 24% to 36% of the heroine consuming population passes through correctional system in US, annually. The rising consumption of illicit drugs amongst the youth is expected to foster the growth of this segment in the upcoming future.

• On the basis of application, the outpatient was the dominating segment in the global behavioral rehabilitation market in 2020. The outpatient rehabilitation services are convenient and most preferred among the consumers as the patients are allowed to return back to their home after every session. However, this service becomes ineffective in case of substance abuse disorder patient because there is a high chance of the patients to go back to their friends and get engaged in the consumption of drugs.

• North America was the leading behavioral rehabilitation market in 2020. The increasing prevalence of mental disorders, higher healthcare expenditure, favorable reimbursement policies, and high awareness regarding the mental health are some of the prominent factors that drives the growth of the North America behavioral rehabilitation market. According to the Anxiety and Depression Association of America, about 18.1% of the adult population in US suffers from anxiety annually, and around 37% of them gets the treatment. This number is expected to grow in the upcoming years and hence the North America is expected to sustain its dominance in the global market.

• Asia Pacific is projected to grow at the highest CAGR during the forecast period. The rising burden of mental disorders and rising cases of substance abuse is expected to foster the market growth. The rising focus towards the development of sophisticated healthcare infrastructure and advanced treatment systems is positively impacting the market growth. The rising healthcare expenditure and surging awareness regarding the mental health among the population is expected to be the most significant growth driver in the Asia Pacific behavioral rehabilitation market.

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Future of Behavioral Rehabilitation Market

The cases of psychological disorders is rising across the globe. The partial hospitalization programs offered by the market players is gaining a rapid traction among the patients. The growing efforts of the government and non-government organizations in spreading awareness regarding mental health and various rehabilitation services is expected to shape the future of the global behavioral rehabilitation services market.

COVID-19 Impact Analysis:

• The COVID-19 pandemic and the subsequent lockdown measures resulted in job losses and extended hours of stay at home. This resulted in the increased cases of depression and anxiety among the population. Therefore, the demand for the behavioral rehabilitation increased due to the pandemic.
• As per the articleby Katya Numbers published in the Nature Reviews Neurology, in January 2021, the patients suffering from dementia were at a higher risk of getting infected by COVID-19.
• Many of the people and families across the globe faced a severe economic burden during the pandemic, which resulted in the reduced demand for the rehabilitation services.

Key Developments in the Marketplace:

• In May 2020, Limbix,in series A funding, received US$ 9 million thatmeant to be utilized in developing digital therapeutics for the adolescents suffering from depression.
• In March 2021, Acadia Healthcare Company entered into a joint venture with Indiana’s top integrated healthcare delivery systems company called Lutheran Health Network of Indiana LLC.

Some of the key players in thebehavioralrehabilitation market include:

• Allergan, Inc.
• Novartis AG
• Taro Pharmaceutical Industries
• Perrigo Company plc
• Zynerba Pharmaceuticals
• Apotex Inc.
• Sandoz AG
• Strides Arcolab Ltd.
• TOLMAR Pharmaceuticals, Inc.
• Limbix

Market Segmentations:

By Disorder Type

• Mood Disorders
• Anxiety Disorders
• Personality Disorders
• Substance Abuse Disorders
• Attention Deficit Disorders

By Application

• Outpatient
• Inpatient
• Residential

By Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

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