U.S. Behavioral Health Market Size, Growth, Opportunities 2024-2032 | Universal Health Services, Inc., BHG Holdings, LLC., Acadia Healthcare, American Addiction Centers

The U.S. behavioral health market size was valued at USD 83.78 billion in 2023. The market is expected to expand from 𝗨𝗦𝗗 𝟴𝟳.𝟴𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟰 to 𝗨𝗦𝗗 𝟭𝟯𝟮.𝟰𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟮, exhibiting a 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟱.𝟯% over the study period.

Behavioral health services emphasize the daily behaviour, actions, and habits of a person, which can influence a patient's mental health. The imposition of supportive policies on both state and federal levels, coupled with a transition in the trend of uptake of telehealth-based treatments, are poised to bolster market growth.

𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗠𝗶𝘀𝘀𝗶𝗻𝗴: 𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗣𝗗𝗙) 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.fortunebusinessinsights.com/enquiry/sample/u-s-behavioral-health-market-105298

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁:

• August 2023: Behavioral Health Group (BHG), one of the major outpatient opioid treatment and recovery centres in the U.S. accredited by the Joint Commission, unveiled the inauguration of BHG Houma Treatment Center. This move helped the company expand its presence in Louisiana.

• December 2023: BHG Holdings, LLC., partnered with Sonara Health, Inc. to make Sonara's remote dosing application available to three opioid treatment programs in South Carolina.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻 𝗧𝗵𝗲 𝗨.𝗦. 𝗕𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 𝗛𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗿𝗸𝗲𝘁:

• Universal Health Services, Inc.(S.)
• BHG Holdings, LLC. (S.)
• Acadia Healthcare (U.S.)
• American Addiction Centers (S.)
• CuraLinc Healthcare (U.S.)
• BEHAVIORAL HEALTH SYSTEMS, INC. (U.S.)
• North Range Behavioral Health (U.S.)
• Uprise Health (U.S.)

In addition, there was an increase in the uptake of telehealth and virtual health, which can be attributed to the decrease in inpatient hospital treatment and upheavals in the supply chain for medical supplies and medications.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗕𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 & 𝗠𝗲𝗻𝘁𝗮𝗹 𝗛𝗲𝗮𝗹𝘁𝗵 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗟𝗲𝗱 𝗗𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗥𝗶𝘀𝗶𝗻𝗴 𝗜𝗻𝗰𝗶𝗱𝗲𝗻𝗰𝗲 𝗼𝗳 𝗗𝗲𝗽𝗿𝗲𝘀𝘀𝗶𝗼𝗻

In terms of type, the market is classified into substance abuse, trauma/PTSD, behavioral & mental health, eating disorders, and others. The behavioral & mental health segment registered the largest U.S. behavioral health market share in 2023 on account of the increasing incidence of anxiety disorders and depression in the U.S. This factor has led to a greater demand for mental and behavioral health services.

𝗦𝘂𝗿𝗴𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗕𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 𝗧𝗵𝗲𝗿𝗮𝗽𝗶𝗲𝘀 𝘁𝗼 𝗙𝗼𝘀𝘁𝗲𝗿 𝗣𝘂𝗯𝗹𝗶𝗰 𝗛𝗲𝗮𝗹𝘁𝗵 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

Based on payor, the market is divided into out-of-pocket/ private health insurance and public health insurance. The public health insurance segment witnessed the largest share in 2023, which can be attributed to the rising demand for behavioral therapies, resulting in the high adoption of insurance under Medicare and Medicaid. For example, in 2023, Medicaid was responsible for 54.0% of the revenue by Acadia Healthcare.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲

The report comprehensively analyzes the major strategic moves deployed by top companies to outshine the competition. In addition, it provides vital insights into the key trends, significant industry developments, and the impact of the COVID-19 pandemic on the market growth. Other aspects of the report include the key driving and restraining factors affecting the market growth.

𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗩𝗶𝘀𝗶𝘁: https://www.fortunebusinessinsights.com/u-s-behavioral-health-market-105298

𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀:

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗢𝗰𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝗲 𝗼𝗳 𝗠𝗲𝗻𝘁𝗮𝗹 𝗗𝗶𝘀𝗼𝗿𝗱𝗲𝗿𝘀 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

Anxiety, eating disorders, and depression have been witnessed over the years attributed to the growing number of cases of poor nutrition, substance abuse, and trauma. This has resulted in a rise in the number of people suffering from functional impairment while making tasks a priority and managing assignments.

Despite such opportunities, the steep treatment cost and scarcity of mental health professionals may impede the growth of the U.S. behavioural health market.

𝗧𝗵𝗲 𝗨.𝗦. 𝗯𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 𝗵𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗮 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗱𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝘀𝗲𝘃𝗲𝗿𝗮𝗹 𝗸𝗲𝘆 𝗳𝗮𝗰𝘁𝗼𝗿𝘀:

• 𝗥𝗶𝘀𝗶𝗻𝗴 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝗰𝗲 𝗼𝗳 𝗠𝗲𝗻𝘁𝗮𝗹 𝗛𝗲𝗮𝗹𝘁𝗵 𝗗𝗶𝘀𝗼𝗿𝗱𝗲𝗿𝘀: The increasing number of individuals diagnosed with mental health conditions, such as depression, anxiety, and substance abuse, contributes to the growing demand for behavioral health services.
• 𝗗𝗲𝘀𝘁𝗶𝗴𝗺𝗮𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗠𝗲𝗻𝘁𝗮𝗹 𝗛𝗲𝗮𝗹𝘁𝗵: A shift in societal attitudes towards mental health has led to increased awareness and reduced stigma, encouraging more people to seek treatment.
• 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆: The development of new therapies, medications, and digital health tools has enhanced the effectiveness and accessibility of behavioral health services.
• 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗣𝗿𝗶𝗺𝗮𝗿𝘆 𝗖𝗮𝗿𝗲: The integration of mental health services into primary care settings improves access and early intervention for patients.
• 𝗧𝗲𝗹𝗲𝗵𝗲𝗮𝗹𝘁𝗵 𝗮𝗻𝗱 𝗥𝗲𝗺𝗼𝘁𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀: The growing adoption of telehealth has expanded access to behavioral health services, particularly in rural or underserved areas.
• 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗣𝗿𝗲𝘃𝗲𝗻𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗘𝗮𝗿𝗹𝘆 𝗜𝗻𝘁𝗲𝗿𝘃𝗲𝗻𝘁𝗶𝗼𝗻: The emphasis on preventive measures and early intervention for mental health conditions helps to address issues before they escalate, reducing the overall burden of mental illness.
• 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝗶𝗺𝗯𝘂𝗿𝘀𝗲𝗺𝗲𝗻𝘁 𝗣𝗼𝗹𝗶𝗰𝗶𝗲𝘀: Government policies and insurance reimbursement rates for mental health services can significantly impact market dynamics and access to care.
• 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗗𝗶𝘃𝗲𝗿𝘀𝗲 𝗡𝗲𝗲𝗱𝘀: Understanding and addressing the unique mental health needs of diverse populations is essential for effective behavioral health services.
These factors are driving the growth of the U.S. behavioral health, which is expected to continue expanding in the coming years.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

𝗣𝗿𝗼𝗺𝗶𝗻𝗲𝗻𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻𝘀 𝘁𝗼 𝗜𝗺𝗽𝗿𝗼𝘃𝗲 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲𝘀

The share of the U.S. behavioural health market is fragmented, with the presence of many players offering eating disorders and substance abuse services. Universal Health Services holds a significant share among prominent companies due to its expanded presence across states and many facilities. Companies are adopting various strategic moves, such as joint ventures, mergers, and acquisitions, to stand out. Many players are also focusing on capacity expansions to enhance treatment options.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝘁𝗼 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/u-s-behavioral-health-market-105298

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