Press release
Behavioral Rehabilitation Market is expected to grow at a promising CAGR of 7% during the forecast period (2018-2023)| Top Vendors - ACADIA HEALTHCARE, MAGELLAN HEALTH INC., CRC HEALTH, BEHAVIORAL HEALTH GROUP, HAVEN BEHAVIORAL HEALTHCARE INC., amongst ot
Market Analysis:North America is Dominating the Market
North America is dominating behavioral rehabilitation market as rising incidences of mental disorders and availability of treatment, which are driving factors responsible for the high market share. Also, government initiatives are driving the growth of the market. The Affordable Care Act categorizes behavioral disorders as essential healthcare, which helps in covering major parts of the treatment.
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According to the U.S. Department of Health and Human Services (DHHS), it is estimated that one in every five (20%) children and adolescents has a mental health disorder at some point in their life from childhood to adolescence. Estimating the prevalence of behavioral rehabilitation disorders in children is critical, as it helps in providing mental health treatments they need. Several internet interventions have been developed for the treatment of common mental disorders. They help in remote monitoring of the patient, and thus are easily accessible by them. Also, these online counseling sessions are cost-effective. Additionally, increasing availability of therapies for behavioral rehabilitation, increasing preferences of partial hospitalization programs (PHP) and rising government initiatives for behavioral disorders helps in the growth of the market. The lack of proper awareness of behavioral disorder, the impact of stigma on people with behavioral, lack of proper reimbursement is also restraining the growth of market, globally.
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Market Segments
Behavioral Rehabilitation Market is segmented by:
1. Product: Monoclonal Antibodies, Vaccines, Recombinant Hormones/Proteins, Cell Therapy, Gene Therapy, Others
2. Application: Cancer, Infectious Diseases, Rare Diseases, Autoimmune Diseases, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• December 2017: Universal Health Services Inc. announces the acquisition of Memorial Behavioral Health (MBH), which provides health facility for adults, adolescents and children.
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