The global behavioral rehabilitation market size is expected to reach USD 313.9 billion by 2025, according to a new report by Grand View Research, Inc. Behavioral rehabilitation market is anticipated to experience growth during the forecast period due to presence of favorable government initiatives, rising number of service providers, and growing awareness among patients. Furthermore, increasing incidence of depression and substance abuse cases services provided by various hospitals for behavioral disorders is anticipated to boost the market growth.
The
market is currently in a growth phase with rising number of participants as the
demand-supply gap of these services is high in most of the regions. The
dynamics is driving it toward being a consolidated market with significant
number of mergers and acquisition observed in past few years. Major institutes
are focused on regional expansions to provide outpatient services, which are
preferred over other healthcare settings owing to cost benefits. Some of the
major mergers and acquisitions have been observed in the U.S., including
acquisition of adult service division of Cambian group PLC by Universal Health
Services, Inc. and announcement of Acadia Healthcare Company, Inc. acquiring
the U.K.-based Priory Group.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/behavioral-rehabilitation-market
Further Key
Findings From the Study Suggest:
- Higher
prevalence of behavioral diseases associated with emotions & stress
and rising awareness about the treatment options are factors driving the
growth.
- Social
acceptance of substance abuse patients and rising government initiatives
directed toward countering the same is expected to drive this segment with
the highest CAGR during the forecast period
- Outpatient
segment dominated in 2015 as it is mostly preferred over the other
healthcare settings
- Affordability
and high patient convenience are factors expected to fuel outpatient
segment’s growth with the highest CAGR during the forecast period
- North America
dominated 2015 owing to factors such as availability of a large number of
institutes and higher awareness levels
- Europe is
expected to show the fastest growth rate during the forecast period with
growing adoption of advanced technology in the behavioral healthcare
industry, including record keeping software
- Few of the
major players participating in the market are Acadia Healthcare; Magellan
Health; Universal Health Services, Inc.; CRC Health; Psychiatric
Solutions, Inc.; Behavioral Health Group; Springstone, Inc.; Haven
Behavioral Healthcare, Inc.; and American Addiction Centers, Inc.
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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