According to a new report, published by KBV research, The Global Behavioral Health Market size is expected to reach $105.3 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period.
The prevalence of mental health disorders, including depression, anxiety, PTSD, and substance abuse disorders, has been on the rise globally. According to estimates from the World Health Organization (WHO), 1 in 8 people globally suffer from a mental disorder. The COVID-19 pandemic played a major role in the sharp rise in the number of people with anxiety and depressive disorders in 2020. Preliminary estimates indicated that in just one year, there was a 28% increase in serious depressive disorders and a 26% increase in anxiety.
Moreover, 24 million people worldwide, or 1 in 300, struggle with schizophrenia. Furthermore, schizophrenia patients typically have a life expectancy that is 10-15 years less than that of the normal population. Additionally, globally, an estimated 5% of adults suffer from depression. More women are affected by depression than men. As the incidence of mental disorders such as anxiety, depression, and substance abuse continue to rise, there is a corresponding increase in demand for behavioral health services.
The Geriatric segment is experiencing a CAGR of 7.7% during (2023 - 2030). As the global population ages, there is a corresponding increase in the number of older adults experiencing mental health concerns. Aging is associated with a higher risk of developing mental health disorders such as depression, anxiety, cognitive impairment, and neurodegenerative diseases like Alzheimer’s disease. For example, as per the data from the South African Government, in 2022, the estimated population of South Africa included more than five million people aged 60 or older. This represents a 9.2 percent share of the overall South African population.
The Substance Abuse Disorders segment is leading the Global Behavioral Health Market by Disorder in 2022; thereby, achieving a market value of $60.4 billion by 2030. Substance abuse disorders are highly prevalent globally, affecting millions of individuals across all age groups, demographics, and socioeconomic backgrounds. The widespread use and misuse of substances such as alcohol, tobacco, prescription medications, and illicit drugs contribute to the high incidence of substance abuse disorders, leading to increased demand for behavioral health services to address addiction and its consequences.
The Outpatient Counselling segment is registering a CAGR of 7.8% during (2023 - 2030). There is a growing recognition of the effectiveness of community-based and outpatient treatment models for addressing mental health and substance use disorders. Outpatient counseling offers individuals the opportunity to receive treatment while maintaining their daily routines and responsibilities, allowing for greater flexibility and accessibility compared to inpatient or residential treatment settings.
Full Report: https://www.kbvresearch.com/behavioral-health-market/
The North America region dominated the Global Behavioral Health Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $48.0 billion by 2030. The Asia Pacific region is poised to grow a CAGR of 8.5% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.1% during (2023 - 2030).
By Age Group
By Disorder
By Service
Unique Offerings 
