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North America Behavioral Rehabilitation Market
No. of Pages: 157 | Report Code: TIPRE00025551 | Category: Life Sciences
No. of Pages: 157 | Report Code: TIPRE00025551 | Category: Life Sciences
Factors such as an increase in the prevalence of behavioral disorders and easy availability of behavioral rehabilitation therapies are driving the market. Moreover, the rising government initiatives is expected to foster market growth during the forecast period. However, the stigma attached to behavioral disorders and the lack of awareness regarding behavioral disorders hamper the market growth. The US is witnessing a rise in the demand for behavioral rehabilitation products. Growing prevalence of behavioral disorders and increasing awareness about the available therapeutic options are the major driving factors. The Anxiety and Depression Association of America (ADAA) states that anxiety disorders are the most common mental illnesses in the US, affecting 40 million adults aged 18 and older, i.e., 18.1% of the population each year. Although anxiety disorders are very much treatable, only 36.9% of those suffering receive treatment, according to the Anxiety and Depression Association of America.
The North America behavioral rehabilitation market is segmented based on treatment, application, and healthcare setting. Based on treatment, the market is segmented into counselling therapy services and drugs. The counselling therapy services segment would hold a larger market share in 2021 and is anticipated to register a higher CAGR during 2021–2028. In terms of application, the market is segmented into anxiety disorders, mood disorders, substance abuse disorders, personality disorders, and attention deficit disorders. The anxiety disorders segment would hold the largest market share in 2021, contributing a market share of 35.36%. The segment is expected to account for a market share of 37.13% by 2028. The behavioral rehabilitation market, based on healthcare setting, is segmented into outpatient behavioral rehabilitation, inpatient behavioral rehabilitation, and residential behavioral rehabilitation. The outpatient behavioral rehabilitation segment would lead the market in 2021 with a share of 45.01% and is expected to retain its dominance during the forecast period, accounting for 45.73% of the total market share by 2028.
The World Health Organization (WHO) and Centers for Disease Control and Prevention (CDC) are among the primary and secondary sources referred to while preparing the report on the behavioral rehabilitation market.
The North America Behavioral Rehabilitation Market is valued at US$ 147.47 Million in 2021, it is projected to reach US$ 224.72 Million by 2028.
As per our report North America Behavioral Rehabilitation Market, the market size is valued at US$ 147.47 Million in 2021, projecting it to reach US$ 224.72 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The North America Behavioral Rehabilitation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Behavioral Rehabilitation Market report:
The North America Behavioral Rehabilitation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Behavioral Rehabilitation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Behavioral Rehabilitation Market value chain can benefit from the information contained in a comprehensive market report.