Behavioral Rehabilitation Industry Segmentation, Trends, and Growth Assessment
21 June 2019, The global
behavioral rehabilitation market is anticipated to grow at a higher CAGR of 6.87% during
the forecast period. Neuroscience is a highly advancing field and researchers
have been constantly investigating the stroke-related cognitive effects and
motor deficits. These studies are probably the basis for new treatments.
However, behavioral rehabilitation is a field of correlating mental illness
with levels of behavioral problems. Early phase clinical trials are also
conducted to determine psychology of behavior and cognitive science.
The market is driven by
increasing incidences of drug addiction, occurrence of PSD’s, and counselling.
Mental health awareness is gaining a significant traction in most countries and
hence NGO workshops conducted for the same. Rise in number of admission for
patients with mental illness and behavioral disorders is likely to trigger the
market growth in upcoming period. Increase in globalization and enlarging
concept of nuclear families supplement the market growth during the forecast
period.
Strategic mergers &
acquisitions among key players are likely to develop a higher market growth in
the forecast period. However, dearth of professional competency and cases of
fraud have been challenging the market growth. Application segment for
behavioral rehabilitation market comprises substance abuse, anxiety, mood,
abuse and attention deficit disorders. The market is segmented by healthcare
settings into residential, outpatient and inpatient.
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The market is geographically segmented
into North America, South America, Europe, Asia-Pacific, Middle East and
Africa. North America is anticipated to rise at a significant CAGR during the
forecast period owing to increase in awareness of mental disorders and
accessibility to advanced treatment facilities.
European region is anticipated to
reveal a higher traction during the estimated period owing to rising
competition and availability of services at affordable prices. Change in trends
and inclination towards technology is likely to propel the market growth during
the forecast period.
The key players profiled in the
behavioral rehabilitation market are Acadia Healthcare, Magellan Health Inc,
Universal Health Services Inc, CRC Health, Psychiatric Solutions Inc, Haven
Behavioral Healthcare Inc, Aurora Behavioral Health System, American Addiction
Centers Inc, Springstone Inc., and Behavioral Health Group.
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