PUBLISHER: The Business Research Company | PRODUCT CODE: 1427723
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427723
Behavioral rehabilitation is a therapeutic approach designed to modify undesirable behaviors and foster the development of positive ones, ultimately aiming to help individuals acquire adaptive behaviors, improve overall functioning, and enhance their quality of life.
The primary types of behavioral rehabilitation include counseling, medication, support services, and other treatment methods. Counseling involves a therapeutic process wherein a trained professional, often referred to as a counselor or therapist, provides guidance, support, and interventions. This method serves as a fundamental treatment within the realm of behavioral rehabilitation and is employed in addressing various conditions such as anxiety disorders, mood disorders, substance abuse disorders, personality disorders, and attention deficit disorders. These therapeutic approaches are implemented across different healthcare settings, including outpatient behavioral rehabilitation, inpatient behavioral rehabilitation, and residential behavioral rehabilitation.
The behavioral rehabilitation research report is one of a series of new reports from The Business Research Company that provides behavioral rehabilitation market statistics, including the behavioral rehabilitation industry's global market size, regional shares, competitors with a behavioral rehabilitation market share, detailed behavioral rehabilitation market segments, market trends and opportunities, and any further data you may need to thrive in the behavioral rehabilitation industry. This behavioral rehabilitation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed during the historical period can be attributed to several contributing factors, including advancements in psychological research that have led to a better understanding of behavioral health, increased awareness among the public about mental health issues, legislative support for mental health initiatives, efforts to reduce the stigma associated with mental health conditions, and expanded insurance coverage for mental health services. These combined factors have played a crucial role in fostering growth and improvements in the field of behavioral health during the historical period.
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 anticipated growth in the forecast period can be attributed to several key factors, including a rise in the prevalence of mental health disorders, the adoption of personalized treatment approaches, the expansion of telehealth services, government funding initiatives aimed at mental health, and the active advocacy for mental health awareness. Major trends expected in the forecast period encompass the development of early intervention programs, leveraging technological advancements for innovative treatments, the integration of virtual reality therapy into mental health interventions, the implementation of remote monitoring and support systems, and a growing emphasis on mindfulness and wellness practices as part of mental health care. These trends reflect a dynamic landscape in mental health services, with a focus on proactive interventions, technological solutions, and holistic approaches to well-being.
The anticipated surge in behavioral disorders is set to bolster the expansion of the behavioral rehabilitation sector. Behavioral disorders encompass a spectrum of conditions characterized by persistent patterns of problematic behaviors and emotions significantly impacting an individual's daily functioning and quality of life. Behavioral rehabilitation programs, employing comprehensive strategies to modify behaviors, enhance coping mechanisms, and foster overall well-being, play a pivotal role in addressing the ramifications of these disorders on individuals and society. Notably, as of October 2021, a research article featured in the Lancet, a UK-based peer-reviewed journal, reported a rise in the prevalence of depression-marked by enduring behavioral changes-from 27.8% in 2020 to 32.8% in 2021. This escalation in behavioral disorders is propelling the growth of the behavioral rehabilitation market.
The burgeoning aging demographic is poised to drive the expansion of the behavioral rehabilitation industry. An aging population signifies a demographic shift characterized by a higher proportion of elderly individuals compared to the younger demographic within a specific society or region. Behavioral rehabilitation serves as a therapeutic intervention aimed at ameliorating mental health, emotional well-being, and adaptive behaviors among the elderly. As of October 2022, the World Health Organization projected a significant shift, estimating that by 2030, 1 in 6 individuals worldwide would be 60 years or older. Projections suggest a notable increase in the population aged 60 and above, expected to surge from 1 billion in 2020 to 1.4 billion by 2030. Additionally, global estimates anticipate a doubling of the population aged 60 and older, reaching 2.1 billion by 2050. This escalating aging demographic is a primary driver behind the growth of the behavioral rehabilitation market.
Technological advancements represent a prominent trend gaining traction within the behavioral rehabilitation market. Key players in this sector are actively introducing advanced therapeutic options driven by technology to address diverse behavioral disorders. For instance, in June 2023, Akili Interactive, a US-based prescription digital medicine company, launched EndeavorOTC. This innovative device, a video game-based digital therapeutic tailored for adults aged 18 and above dealing with primarily inattentive or combined-type attention deficit hyperactivity disorder (ADHD), stands out as a notable product. Notably, it doesn't necessitate a prescription and utilizes Akili Interactive's proprietary Selective Stimulus Management Engine (SSME) core technology, effectively delivering treatments to alleviate ADHD symptoms.
Major entities within the behavioral rehabilitation market are prioritizing the development of groundbreaking platforms, such as AI platforms, aimed at bolstering the support for behavioral healthcare patients and amplifying their market revenues. An AI platform denotes a computer system or software integrating artificial intelligence capabilities, enabling functions such as learning, problem-solving, and decision-making. For example, in October 2023, Discovery Behavioral Health Inc., a US-based company specializing in residential treatment, unveiled Discovery365-an AI platform. This platform targets the reduction of relapse rates among behavioral healthcare patients in the year following treatment. By analyzing video interactions between providers and patients, it prompts digital check-ins and utilizes AI to evaluate verbal and non-verbal cues for indications of distress or relapse. The algorithm, crafted by Discovery and examined by Videra Health, undergoes validation and optimization by psychiatrists from Brigham and Women's Hospital.
In February 2023, LifePoint Health, a healthcare services company headquartered in the United States, successfully completed the acquisition of Springstone Inc., an undisclosed financial transaction. This strategic acquisition marks a pivotal step for LifePoint Health, facilitating a substantial nationwide expansion of its behavioral health services. By integrating Springstone's robust network comprising 18 behavioral health hospitals and 35 outpatient facilities spread across nine states, LifePoint Health fortifies its position in the behavioral health sector. Springstone Inc., a prominent behavioral health services provider based in the United States, brings valuable resources and infrastructure to augment LifePoint's service portfolio.
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
North America was the largest region in the behavioral rehabilitation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the behavioral rehabilitation market report during the forecast period. The regions covered in the behavioral rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the behavioral rehabilitation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The behavioral rehabilitation market includes revenues earned by entities by providing services such as cognitive-behavioral therapy (CBT), dialectical behavior therapy (DBT), rational emotive behavior therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Behavioral Rehabilitation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on behavioral rehabilitation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for behavioral rehabilitation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The behavioral rehabilitation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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