Global Behavioral Therapy Revenue Is About 183 Billion USD In 2017
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In the last several years, global market of Behavioral Therapy developed rapidly, with an average growth rate of 7.7%. In 2017, global revenue of Behavioral Therapy is about 183 billion USD. The growing prevalence of behavioral disorders and increasing awareness of the available therapeutic options are major driving factors for the market. Rising government initiatives, such as Substance Abuse and Mental Health Services Association grants and The Affordable Care Act, to increase investment on programs to eliminate substance abuse is expected to boost the market growth during the forecast period.
The classification of Behavioral Therapy includes Anxiety?Disorders, Mood?Disorders, Substance?Abuse?Disorders, Personality?Disorders and Attention?Deficit?Disorders. The proportion of Anxiety?Disorders in 2017 is about 35.6%, and the proportion of Mood?Disorders in 2017 is about 17.5%.
Behavioral Therapy is application in Inpatient, Residential and Outpatient. The most of Behavioral Therapy is used in Outpatient, and the market share of that is about 40.5 % in 2017.
North America is the largest consumption place, with a consumption market share nearly 52.5% in 2017, Following North America, Europe is the second largest consumption place with the consumption market share of 29.5% in 2017. Behavioral Therapy market in Asia Pacific region is expected to exhibit the highest growth rate due to high incidence of allergy people in the developing Asian countries like China & India.
The global industry is highly fragmented with presence of large number of players in the market. However, significant number of mergers and acquisitions were observed in the recent years, which reflects dynamic nature of the market. Some of the major institutes engaged in providing behavioral rehabilitation services in this market are Acadia Healthcare, Universal Health Services, Inc., Magellan Health, etc.