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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