Behavioral Health - An emotional & mental well-being of an individual
According to a new report published by Reports Monitor titled, “ Global Behavioral Health Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global behavioral health market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Behavioral health is termed as the mental and emotional well-being of an individual. It is the study of biology, behaviors, and emotions interconnected to an individual’s well-being and also as their capability to function regular task. The terms like behavioral health and mental health are frequently used interchangeably.
The most common mental illnesses such as personality disorders or depression, substance abuse disorders or other addictive behaviors with which the majority of the population is struggling throughout the world. To improve the outcomes for the millions of individuals with behavioral or mental health conditions, behavioral health integration is an effective strategy adopted worldwide. This approach mainly focuses on early detection and screening of mental disorder in collaboration with the primary care doctors, treatment of the mental illness in its early stage as well as providing education related to substance use disorders. Mounting awareness correlated to behavioral therapy and behavioral health issues has substantially amplified the demand for these treatment and hence driving the growth of the behavioral health market. The favorable demand and supply dynamics in this market will keep on to assemble the increasing demand for these services.
Other factors which are driving the growth of market includes growing acceptance of treatment for mental health issues as well as substance for abuse and increasing political support to address the issue. Social stigma associated with death of mental health professionals and behavioral health issues are the major factors hindering growth of the market. Additionally, it expands insurance coverage with structured reimbursement environment for the treatment of these disorders. The number of individuals diagnosed with these issues will increase rapidly, growing with age.
The market is segmented based on type, application, and geography. on the basis of type, the market is segmented into emotional health, mental health. Based on application, the global behavioral health market is divided into children, adolescents, adults, and senior. Moreover, based on region, the market is segmented covering Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa ,North America, Latin America.
This market is segmented based on type, application, and geography. on the basis of type, the market is segmented into emotional health, mental health. Based on application, the market is divided into children, adolescents, adults, and senior. Furthermore, on the basis of region, the market is segmented covering North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa.
The key vendors in this market are:
Centric Health Corporation, Civitas Solutions, Inc., Magellan Health, Inc., Universal Health Services, Inc., Dungarvin, Inc., AAC Holdings, Inc., Acadia Healthcare Company, Inc., CareTech Holdings PLC, Epic Health Services, Inc., Pyramid Healthcare, Inc.
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