LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global behavioral rehabilitation market to grow at a CAGR of close to 7% during the forecast period, according to their latest report.
This market research report segments the global behavioral rehabilitation market into the following three major healthcare setting (outpatient behavioral rehabilitation, inpatient behavioral rehabilitation, and residential behavioral rehabilitation) and three major regions (the Americas, APAC, and EMEA).
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In this report, Technavio analysts highlight the following three market drivers that are contributing to the growth of the global behavioral rehabilitation market:
- Increase prevalence of behavioral disorders
- Increase in availability of therapeutic options
- Rising government initiatives
Increase prevalence of behavioral disorders
The prevalence of addictions and behavioral disorders have increased due to rapid urbanization and advances in technology. The abuse of drugs, alcohol, or food in the form of comfort eating is characterized as addictions. It also includes pornography, gaming, sex, work, and shopping as other addictions. Unhealthy habits affect the behavior of people and make them socially dysfunctional. Among young adults, between the ages of 16 and 25, the prevalence of behavioral disorder is increasing due to easy access to abusive substances. Such drug substance abuse is the primary cause of behavioral disorders. Addictions such as gaming, online gambling, and pornography are caused due to the high Internet penetration.
According to a senior analyst at Technavio for health and wellness, “There are various other behavioral disorders which are highly prevalent such as overeating to obtain relief from stress and dependency on fast food and packaged food are the leading cause of food addictions. Factors such as societal pressure and competition to be successful are also increasing the prevalence of work addiction, which is an escape route from emotional stress. Shopping addiction can be attributed to compulsive buying behavior caused by public pressure. Such factors are the leading causes of behavioral disorders.”
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Global behavioral rehabilitation market segmentation
Of the three major healthcare settings, the outpatient behavioral rehabilitation segment held the largest market share in 2017, accounting for nearly 40% of the market. The market share for this healthcare setting is expected to increase nearly 0.09% by 2022. The growth rate observed during the forecast period was moderate due to the large gap between physicians and patients in terms of accessibility. The fastest growing healthcare setting is the residential behavioral rehabilitation, which will account for 22% of the total market share by 2022.
The Americas was the leading region for the global behavioral rehabilitation market in 2017, accounting for a market share of 50%. The behavioral rehabilitation market in the Americas is expected to accelerate due to the presence of several residential behavioral rehabilitation centers, the increasing prevalence of behavioral disorders, and the increase in the number of professionals who can treat behavior disorders.
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