Press release
Behavioral Rehabilitation Market to Reach $316.1 Billion by 2028, Growing at a 5.9% Rate
Behavioral Rehabilitation Global Market Report 2024
The Business Research Company presents an extensive market research report on the Behavioral Rehabilitation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The behavioral rehabilitation market size has grown strongly in recent years. It will grow from $234.92 billion in 2023 to $250.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to advances in psychological research, increased awareness, legislative support, stigma reduction, insurance coverage.
The behavioral rehabilitation market size is expected to see strong growth in the next few years. It will grow to $316.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rise in mental health disorders, personalized treatment approaches, telehealth expansion, government funding initiatives, mental health advocacy. Major trends in the forecast period include early intervention programs, technological advancements, virtual reality therapy, remote monitoring and support, mindfulness and wellness practices.
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Key Market Players:
Major companies operating in the behavioral rehabilitation market report are LeggUP Inc., Novartis AG, Universal Health Services Inc., Magellan Health Inc., Perrigo Company Plc, Acadia Healthcare Company Inc., Behavioral Health Group Inc., Baxter Regional Medical Center, Hazelden Betty Ford Foundation, Aurora Behavioral Health System, People Care Holdings Inc, American Addiction Centers Inc., Strides Arcolab Ltd., Caron Treatment Centers, Parkview Health & Rehab Center, BHG Holdings LLC., Sierra Tucson Inc., Behavioral Framework, The Camp Recovery Center, Forge Health Group, CuraLinc Healthcare Co, Limbix Inc., Zynerba Pharmaceuticals Inc., The Recovery Village, ViaMar Health, Haven Behavioral Healthcare Inc., Niznik Behavioral Health Resources Inc., Promises Behavioral Health Inc., PsychSolutions Inc., CRC Health Group
Market Drivers:
The growing prevalence of behavioral disorders is expected to propel the growth of the behavioral rehabilitation market going forward. Behavioral disorders refer to a range of conditions that involve persistent patterns of problematic behaviors and emotions that significantly impact an individual's daily functioning and quality of life. Behavioral rehabilitation programs offer comprehensive approaches that focus on modifying behaviors, improving coping skills, and promoting overall well-being, making them crucial in managing and addressing the impact of these disorders on individuals and society. For instance, in October 2021, according to a research article published in the Lancet, a UK-based peer-reviewed journal, the prevalence of depression, a mental health disorder characterized by persistent changes in behavior, was 27.8% in 2020 and increased to 32.8% in 2021. Therefore, the increasing prevalence of behavioral disorders drives the behavioral rehabilitation market forward.
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The behavioral rehabilitation market covered in this report is segmented -
1) By Treatment Method: Counseling, Medication, Support Services, Other Treatment Methods
2) By Application: Anxiety Disorders, Mood Disorders, Substance Abuse Disorders, Personality Disorders, Attention Deficit Disorders
3) By Healthcare Settings: Outpatient Behavioral Rehabilitation, Inpatient Behavioral Rehabilitation, Residential Behavioral Rehabilitation
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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