Behavioural Health Market Size, Share, Growth Analysis, By Service(Home-Based Treatment Services, Outpatient counselling, Emergency mental health services, Inpatient hospital treatment), By Disorder(Bipolar Disorder, Anxiety Disorder, Depression, Post-Traumatic Stress Disorder), By Region - Industry Forecast 2024-2031

Behavioural Health Market size was valued at USD 1.99 billion in 2019 and is poised to grow from USD 2.22 billion in 2023 to USD 5.04 billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).

The demand for behavioural health therapies has been driven by fast-paced lives, anxiety problems, and substance addiction. In addition, many people advocate for improving mental health and getting professional assistance. This is then anticipated to have a beneficial impact on the market for behavioural health. The provision of solutions like tele-psychiatry, digital pills, digital symptom tracking, and development of remote monitoring technologies are some of the significant market advancements. The market is significantly impacted by the use of online behavioural health resources, the rise in mental illnesses, and the evolution of programmes and awareness campaigns for mental health.

Consumer faith in herbal supplements has grown globally. They are prepared to incorporate herbal supplements into their daily diet plans, which has contributed to the market's expansion. In addition, customers are turning to more affordable solutions like herbal supplements due to high healthcare expenditures, a sedentary lifestyle, tighter government budgets, and rising prices of dietary and medical products. Herbal medicines are proving to be the most secure solution for obtaining long-lasting relief from bodily and mental illnesses.

Major drivers of market expansion include government funding, rising use of mental health software, supportive behavioural health reforms, government initiatives to encourage EHR adoption in psychiatry hospitals and facilities, and high demand for mental health services despite a shortage of providers.

Treatment of problems with mental wellbeing is probably going to get better when management software is used by healthcare practitioners. Adoption of integrated EHRs can also assist behavioural health practises in cost-saving and efficient practise management. Telemental health entails communicating with patients who are located elsewhere via video conferencing. By reducing barriers like information sharing and confidentiality—both of which are especially common in circumstances involving substance abuse—the real-time monitoring system makes it easier for patients and carers to communicate. The effectiveness and efficiency of care are improved by combining contemporary technologies with tried-and-true therapy modalities.

Behavioural Health Market is poised to grow at a sustainalble CAGR for the next forecast year.