As Stress and Anxiety Impacts an Increasing Number of People, Behavioral Health Market is Pushed on Higher Growth Trajectory

TMR Study

- Increasing government efforts directed towards managing the growing challenge of surge in cases of mental health issues will contribute to growth in the behavioral health market

- Asia Pacific (APAC) region will exhibit high CAGR and will create notable business opportunities in the global behavioral health market over the forecast period

ALBANY, N.Y, Aug. 5, 2020 /PRNewswire/ -- From 2019 to 2027, the global behavioral health market would witness improvement it its valuation, growing at a CAGR of 2.4%. Growing adoption of telepsychiatry and telehealth is anticipated to be one of the most notable reasons of growth in the market.

As per Transparency Market Research, "The positive outlook for the market is a result of a number of growth factors such as increase in cases of anxiety, sleep disorders, substance abuse, and other such mental disorders, and higher acceptance of mental health issues. Governments across a number of countries are directing efforts towards managing the growing challenge. Celebrity support in breaking taboos around the topic is also paving way for market growth."

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Key Findings of Global Behavioral Health Market Study:

• A gap between growing needs, and number and quality of service providers is noted in the market landscape
• Market is fragmented as a large number of small-scale regional players and individual practitioners mark it
• North America will dominate global behavioral health market over the forecast period
• A robust mental health treatment system is required to deal with growing cases of disorders, which are arising from changing lifestyle

For a detailed analysis of global behavioral health market by disorder, region, and others, visit TOC at https://www.transparencymarketresearch.com/report-toc/45018

Key Drivers of Growth in Global Behavioral Health Market:

• A number of programs to improve access to mental health and outcomes of treatment have been initiated by governments across the globe
• Cases of alcohol and substance abuse are growing and it is creating demand for behavioral health support
• Increase in cases of depression and anxiety, resulting from a hectic and stressful modern lifestyle, is paving way for growth in the market
• Taboos around mental health issues are being broken and this is leading to acceptance of mental health services
• Social and economic hardships, work stress, peer pressure are all adding to the growing mental health challenge, faced by global population

Regional Analysis of Global Behavioral Health Market: