Behavioural Health Treatment Market to Witness Below-Par 1.2X Growth by 2027
Posted by Preet on January 13th, 2020
Fact.MR’s Report on Global Behavioural Health Treatment Market
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global behavioural health treatment market considering 2020–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
Urban lifestyle has induced negative health conditions like anxiety, post-traumatic stress and depression in general public. These health conditions are known to the primary cause of suicides. OECD conducted a study which states that investment of US4Bn is made on ill mental health treatment annually in UK. However, the cases have not decreased and rate of issues like anxiety disorders and depression have increased. Increase in rate generates plethora of opportunities for players in the behavioral health treatment market.
Fact.MR report highlights anxiety as a common disorder in comparison to other issues like depression. Multitasking in fast paced life is known to be the primary factor responsible for the increased rate of mental disorders. Many mental health patients refrain from taking medical help due to the social stigmas associated with such illness. These stigmas are expected to contribute in the sluggish growth of behavioral health treatment market during the forecast period 2020-2027.
Social stigmas impact developing nations
Tele psychiatry has emerged as one of the viable treatment option in the market. This concept is brought in by the on-demand model of mental illness treatment. Tele psychiatry facilitates patients with home-based treatment services which are preferred for their comfort and cost-benefits. Patient does not have to step out to seek any medical professional which helps him to maintain secrecy about his/her condition.
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Also, Tele psychiatry gives the advantages of reduced wait time and immediate help. Fact.MR report predicts that home-based treatment services will grow at 3% CAGR during the forecast period. However, social taboos associated with mental health have strong hold in people. The social stigmas have strong influence in regions like Asia Pacific. Developing economies are most affected by it. Many factors like improper counselling and insufficient care limit the growth of behavioral health treatment market. They also negatively influence the revenue generated in the global market.
The behavioural health treatment market report addresses the below-mentioned queries:
On the basis of disorder type, the behavioural health treatment market study consists of
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About the AuthorPreet
Joined: July 11th, 2019
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