Behavioral Rehabilitation Market Will Generate New Growth Opportunities in Upcoming Year

Behavioral Rehabilitation Market is expected to reach US$ 540.84 million by 2028 from US$ 350.63 million in 2021; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The increase in the prevalence of behavioral disorders, easy availability of behavioral rehabilitation therapies, and rise in the number of product launches are driving the market. However, the stigma attached to behavioral disorders hampers market growth.

Based on treatment, the behavioral rehabilitation market is segmented into drugs, counseling therapy services. The counseling therapy services segment held the largest market share in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. Counseling therapy is the process of meeting with a therapist to resolve problematic behaviors, feelings, beliefs, relationship issues, and/or somatic responses. Beginning therapy can be a significant step toward being the healthiest version of oneself and enjoying the most significant life possible, regardless of the obstacles one is facing. Self-destructive behaviors and habits can be changed; painful feelings can be resolved, and relationships can be improved.

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Impact of COVID-19 Pandemic on Behavioral Rehabilitation Market

The global economies are severely affected due to the exponential growth of COVID-19 cases in the region. The COVID-19 pandemic is expected to impact the market negatively. The COVID-19 pandemic and the subsequent economic downturn have detrimental effects on people’s mental wellness and built new barriers for those who already have a mental illness or behavioral disorders. For instance, about 4 in 10 adults in the US have reported anxiety or depressive disorder signs during the pandemic. This number has remained mostly steady, up from 1 in 10 adults who had related symptoms from January to June 2019. According to the KFF Health Tracking Poll from July 2020, various adults reported specific adverse effects on their mental health and well-being as a result of worry and stress about COVID-19, such as difficulty sleeping about 36%, eating about 32%, increasing alcohol consumption or substance use about 12%, and others.

Springstone, Inc.; American Addiction Centers; Acadia Healthcare, Universal Health Services, Inc.; Magellan Health, Inc.; Haven Behavioral Healthcare, Inc.; Psychsolutions, Inc.; BHG Holdings, LLC.; Aurora Behavioral Health System; and Baxter Regional Medical Center are among the leading companies operating in the behavioral rehabilitation market.

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Behavioral Rehabilitation Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Treatment (Drugs, Counselling, and Therapy Services), Application (Anxiety Disorders, Mood Disorders, Substance Abuse Disorders, Personality Disorders, and Attention Deficit Disorders), Healthcare Setting (Outpatient Behavioral Rehabilitation, Inpatient Behavioral Rehabilitation, and Residential Behavioral Rehabilitation)

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