The US behavioral health market size hit USD 76.44 billion in 2021. The market value is slated to rise from USD 79.69 billion in 2022 to USD 105.14 billion by 2029, exhibiting a CAGR of 4.0% during the forecast period. As a result of the adoption of supportive federal and state policies, mental health services are expanding at an impressive rate, says Fortune Business InsightsTM in its report titled, “US Behavioral Health Market, 2022-2029”.
Key Industry Development
June 2022: In order to increase patient access to care, Universal Health Services, Inc. and Trinity Health Michigan formed a joint venture and established a new freestanding inpatient behavioral health hospital in Byron Center.
Request a Sample Copy of the Research Report:
Drivers & Restraints
Surge in Physical and Mental Health-related Disorders will Boost the Market
The number of people seeking services and treatment at facilities has increased as a result of the rising prevalence of health issues. In addition, the JAMA Open Network survey discovered that during 2018, the number of ED visits for behavioral disorders services increased by 30%. However, due to lack of money and infrastructure, shortages are much more likely to happen in rural areas of the nation. As a result, the market cannot expand since there are not enough specialists to meet the rising demand.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
https://www.fortunebusinessinsights.com/u-s-behavioral-health-market-105298
Segments
By Type, Mental Health Conditions to Support the Segment
Due to the expanding prevalence of mental diseases in the nation, there is a growing need for healthcare services, which is the primary cause of segmental domination. More than 43.0 million Americans experience mental illness each year, according to the National Alliance on Mental Illness (NAMI).
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd
U.S.: +1 424 253 0390
U.K.: +44 2071 939123
APAC: +91 744 740 1245
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek