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Behavioral Rehabilitation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • ID: 5332793
  • Report
  • May 2021
  • Region: Global
  • 116 pages
  • Mordor Intelligence
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • AAC HOLDINGS INC.
  • Acadia Healthcare
  • Behavioral Health Group
  • CRC Health
  • Magellan Health Inc.
  • Niznik Behavioral Health
  • MORE
The Behavioral Rehabilitation Market is estimated to grow with a steady CAGR of 3.5 % during the forecast period from 2021-2026.

The COVID-19 pandemic is expected to have a slightly negative impact on the market. At present, countries across the globe are facing a considerable threat of COVID-19 (coronavirus). Many pharmaceutical and biotechnological companies are focusing their R&D activities on manufacturing antiseptic products and vaccines to meet the increased demand from customers. Owing to the situation, most pharmaceutical and biotechnological companies have been focusing their R&D departments on identifying new molecules or leads for the treatment of this disease.​ Many countries have already approved a vaccine for COVID-19. For instance, in December 2020, the World Health Organization (WHO) issued the emergency use validation of Pfizer/BioNTech COVID-19 mRNA vaccine globally. According to a research study by Katya Numbers et al., published in Nature Reviews Neurology in January 2021, stated that people with mental disorders like dementia are at high risk of COVID-19 infection because cognitive symptoms cause difficulty with following safeguarding procedures and living arrangements in care homes facilitate viral spread. Furthermore, older population with dementia are also more likely to have more severe disease consequences than those without dementia. Key Market Trends

Anxiety Disorder is Expected to Significant Share of the Global Behavioral Rehabilitation Market Over the Forecast Period

The anxiety disorders are different from normal feelings of anxiousness and involve excessive anxiety or fear. According to Our World in Data (OWID), an estimated 284 million people experienced an anxiety disorder in 2017, globally, making it the most prevalent mental health or neurodevelopmental disorder. Whereas, the Anxiety and Depression Association of America (ADAA) states that anxiety disorders are the most common mental illness in the United States, affecting 40 million adults of age 18 and older, i.e., 18.1% of the population each year. Even though anxiety disorders are very much treatable, only 36.9% of those suffering receive treatment, according to the Anxiety and Depression Association of America. Individuals with an anxiety disorder are three to five times more likely to visit the doctor and six times more likely to be hospitalized for psychiatric conditions than those who do not have anxiety disorders. The roots of anxiety disorders are presently unknown but probably involve a combination of factors, including genetic, psychological, environmental, and developmental.

However, many antidepressants, including escitalopram (Lexapro) and fluoxetine (Prozac), can alleviate anxiety disorders and help people lead a normal and productive life. Furthermore, increase in research and development on treatment of anxiety disorders due to overall increasing prevalence of this disorder is expected to drive the market growth over the forecast period.

North America is Expected to Hold the Major Share of the Market Over the Forecast Period

North America is the largest behavioral rehabilitation market in the world, with the United States occupying the major share. The developed countries, including the United States and Canada, have been witnessing a large number of mental health rehabilitation centers opening for the past decade. According to the NIH, in the United States, the prevalence of personality disorder was 9.1%. As per the National Institute of Mental Health, 2018, in the United States, 21.4% of American adults have experienced mood disorders at some point in their lives. It has also been found that there are various new launches in the behavioral health market in North America. For instance, in September 2019, Hackensack Meridian Health launched the first medically integrated urgent care center with behavioral health in the country, with an aim to improve access, better coordinate care, and innovate treatment for people struggling with mental health issues and addiction. Therefore, in addition, favorable government initiatives and a large number of reimbursement options are two of the other factors fueling growth in this region. The Affordable Care Act categorizes behavioral disorders as essential healthcare, which helps in covering the major part of the treatments. Therefore, all these factors affect the growth of the market.

Competitive Landscape

The market is slightly consolidated with a few major players. Currently, many companies are focusing on the development and introduction of novel products and services into the market which is easily affordable and accessible and entering into strategic collaborations and partnerships to enhance their market positions. Some of the key innovations in the market are: In February 2019, Acadia Healthcare acquired the operations and real estate associated with Whittier Pavilion, a premier behavioral healthcare facility located in Haverhill, Massachusetts, and Mission Treatment operates nine comprehensive treatment centers in California, Nevada, Arizona, and Oklahoma.

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AAC HOLDINGS INC.
  • Acadia Healthcare
  • Behavioral Health Group
  • CRC Health
  • Magellan Health Inc.
  • Niznik Behavioral Health
  • MORE
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Prevalence and Availability of Therapies for Behavioral Rehabilitation
4.2.2 Advent of Online Counselling
4.2.3 Increasing Preferences for Partial Hospitalization Programs (PHP)
4.2.4 Rising Government Initiatives
4.3 Market Restraints
4.3.1 Lack of Awareness Regarding Behavioral Disorders
4.3.2 Lack of Proper Reimbursement
4.3.3 Impact of Stigma on People with Behavioral Disorder
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type of Behavioral Disorder
5.1.1 Anxiety Disorder
5.1.2 Mood Disorder
5.1.3 Substance Abuse Disorder
5.1.4 Personality Disorder
5.1.5 Attention Deficit Disorder
5.2 By Healthcare Setting
5.2.1 Outpatient Behavioral Rehabilitation
5.2.2 Inpatient Behavioral Rehabilitation
5.2.3 Residential Behavioral Rehabilitation
5.3 By Treatment Method
5.3.1 Counselling
5.3.2 Medication
5.3.3 Support Services
5.3.4 Other Treatment Methods
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Acadia Healthcare
6.1.2 AAC HOLDINGS INC.
6.1.3 Aurora Behavioral Health System
6.1.4 Behavioral Health Group
6.1.5 Haven Behavioral Healthcare Inc.
6.1.6 Magellan Health Inc.
6.1.7 Niznik Behavioral Health
6.1.8 Promises Behavioral Health
6.1.9 Springstone Inc.
6.1.10 Universal Health Services Inc.
6.1.11 CRC Health
6.1.12 American Addiction Centers, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Acadia Healthcare
  • AAC HOLDINGS INC.
  • Aurora Behavioral Health System
  • Behavioral Health Group
  • Haven Behavioral Healthcare Inc.
  • Magellan Health Inc.
  • Niznik Behavioral Health
  • Promises Behavioral Health
  • Springstone Inc.
  • Universal Health Services Inc.
  • CRC Health
  • American Addiction Centers, Inc.
Note: Product cover images may vary from those shown

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