Behavioural Rehabilitation Market: Horizon 2028 - Opportunities and Challenges Insights - TechSci Research

Posted by Kumar on November 9th, 2023

Introduction

The Global Behavioral Rehabilitation Market, as unveiled in TechSci Research's comprehensive report titled "Behavioral Rehabilitation Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F," reached a substantial valuation of USD 225.42 billion in 2022. This burgeoning market anticipates a remarkable Compound Annual Growth Rate (CAGR) of 6.07% during the forecast period spanning from 2024 to 2028. The global prevalence of mental health disorders emerges as a significant driving force for the behavioral rehabilitation market's growth. A myriad of factors, including internet interventions, government initiatives, and evolving societal perspectives, are propelling the global demand for behavioral rehabilitation.

Mental Health Prevalence Drives Market Growth

The rising global incidence of mental health disorders, including conditions such as anxiety, depression, and substance abuse, has emerged as a primary driver for the Behavioral Rehabilitation Market. As more individuals worldwide are diagnosed with these conditions, the demand for effective treatment options continues to grow. The development of internet interventions for treating common mental disorders, along with the high adoption of cost-effective online counseling sessions and remote patient monitoring, is accelerating market growth.

Government Initiatives and Behavioral Revolution

Government initiatives to increase investment in innovative behavioral rehabilitation programs aimed at combating substance abuse are providing substantial momentum to the global market. Furthermore, the changing perception of the behavioral revolution among individuals, where behavioral disorders are increasingly accepted and seeking appropriate treatment is encouraged, is creating numerous lucrative growth opportunities in the global behavioral rehabilitation market.

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Addressing the Mental Health Crisis

The rising incidence of anxiety and depression disorders worldwide is further fueling the demand for behavioral rehabilitation therapies. Urbanization and technological advancements have led to an increase in the prevalence of addictions and behavioral disorders, especially among young adults aged 16 to 25. The easy accessibility of hazardous substances and the rise in addictions related to gaming, online gambling, and pornography due to widespread internet use are notable trends.

Government Initiatives and Healthcare Infrastructure

Government initiatives aimed at raising awareness of mental health disorders and the preference for partial hospitalization programs (PHP) are additional factors influencing the market. Improved healthcare infrastructure, the presence of an aging population, and the availability of behavioral rehabilitation therapies have a positive impact on the market. The inclusion of mental health treatment as essential care benefits in the Affordable Care Act is expected to drive a higher number of patients towards these therapies.

Market Segmentation and Expansion Strategies

The Global Behavioral Rehabilitation Market is segmented into categories including types of behavioral disorders, healthcare settings, treatment methods, regional distribution, and key players in the sector.

Behavioral Disorder Focus: Anxiety Disorders Leading the Way

Anxiety Disorder
Substance Abuse Disorder

Anxiety disorders are the dominant segment, accounting for the largest market share in 2022. The increasing awareness of anxiety disorders, the expansion of treatment options, and the growing societal acceptance of rehabilitated patients are expected to drive the growth of this segment throughout the forecast period.

Rising government efforts against substance abuse are projected to drive the growth of this segment at the highest rate during the forecast period.

Regional Perspective: North America and Beyond

North America
Europe
Asia Pacific

North America is projected to generate the highest revenue share in the Behavioral Rehabilitation Market during the forecast period. The prevalence of substance misuse and mental health conditions in the region has led to the establishment of numerous rehabilitation facilities. The market expansion in this region is further driven by the increasing popularity of evidence-based treatment choices such as dialectical behavior therapy (DBT) and cognitive-behavioral therapy (CBT).

Throughout the forecast period, Europe is projected to experience the highest revenue Compound Annual Growth Rate (CAGR). The region's high prevalence of mental health conditions, increased awareness, and government initiatives aimed at improving mental health care services are contributing to market expansion.

The Asia Pacific market is expected to experience a moderate growth rate throughout the projected period. The high prevalence of mental illness and substance misuse, coupled with increasing awareness and healthcare insurance coverage, is expected to contribute to the growth of the behavioral rehabilitation services market in this region.

Who Will Benefit from This Report?

Pharmaceutical Companies: Understand market dynamics and seize opportunities for developing behavioral rehabilitation solutions.
Mental Health Researchers: Gain insights into the prevalence and treatment of mental health disorders.
Investors: Identify growth opportunities in the expanding behavioral rehabilitation sector.
Government Authorities: Recognize the significance of policy initiatives in combating mental health disorders.
Hospitals and Healthcare Providers: Understand the impact of behavioral rehabilitation in comprehensive patient care.
Patients: Learn about accessible, effective treatments for mental health disorders.
Pharmaceutical Manufacturers in Asia Pacific: Recognize the market growth potential in this region and strategies for market penetration.

Major companies operating in Global Behavioural Rehabilitation Market are:

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

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“The increasing prevalence of mental diseases and drug use disorders is a significant driver of revenue growth in the market. The recognition of the importance of mental health is growing, leading to the availability of more behavioral rehabilitation therapies and driving market revenue growth. The global behavioral rehabilitation market is expected to experience growth due to the growing prevalence of behavioral disorders worldwide, particularly in childhood or adolescence. During the forecast period, the global market is anticipated to benefit from the increased awareness of therapeutic options. Telemedicine usage in the behavioral rehabilitation market is expected to contribute to revenue growth. The convenience of receiving therapy and counseling from home through telemedicine is particularly beneficial for individuals in remote areas or with mobility limitations. Furthermore, the market is witnessing the expansion of behavioral rehabilitation services. Governments and healthcare organizations are investing in the establishment of rehabilitation facilities and programs to meet the growing demand for mental health and drug misuse treatment. The availability of insurance coverage for these services is also expected to drive revenue growth in the market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Behavioural Rehabilitation Market Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type of Behavioural Disorder (Anxiety Disorder, Mood Disorder, Substance Abuse Disorder, Personality Disorder, and Attention Deficit Disorder), By Healthcare Setting (Outpatient Behavioural Rehabilitation, Inpatient Behavioural Rehabilitation, and Residential Behavioural Rehabilitation), By Treatment Method (Counselling, Medication, Support Services, and Other Treatment Methods), By Region and Competition”, has evaluated the future growth potential of Global Behavioural Rehabilitation Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Behavioural Rehabilitation Market.

The Global Behavioral Rehabilitation Market is not only witnessing significant growth but also plays a crucial role in addressing the global mental health crisis. As more individuals seek behavioral rehabilitation therapies and societal perceptions evolve, this dynamic market is set to expand further, offering both treatment and economic opportunities in the field of mental health.

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