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U.S. Behavioral Health Market Size to Hit USD 132.4 Billion by 2027
According to Precedence Research, the US behavioral health market size was estimated at USD 90.5 billion in 2020 and is predicted to hit around USD 132.4 billion by 2027, registering growth at a CAGR of 5.32% between 2021 and 2027. The declining mental health in citizens due to various factors such as pre-existing illnesses and the COVID-10 pandemic is expected to drive the US behavioral health industry during the forecast period.
By services, outpatient counseling accounted for the largest market share at 35.1% in 2020, and this trend is expected to continue over the projected period. Inpatient hospital treatment accounted for 22.0% in 2020 and is expected to lose its share during the forecast period due to the increasing demand for home-based treatment services.
U.S. Behavioral Health Market Share , By Service, 2020 (%)
| Service Segment | 2020 (%) |
| Home-Based Treatment Services | 15.3% |
| Outpatient counseling | 35.1% |
| Emergency mental health services | 8.6% |
| Inpatient hospital treatment | 19% |
| Intensive care management | 19% |
By disorders, anxiety & depression disorder has contributed market share of over 47.9% in 2020 due to the prevalence of COVID-19 resulting in social distancing and lockdowns.
Substance abuse disorder segment has accounted market share of over 19.9% in 2020.
The long-term impact of COVID-19 along with isolation, social distancing, and lockdowns has affected patients with bipolar disorders. The deteriorating mental health is expected to result in more expenditure to treat the ailment which is now showing slower recovery rates due to heightened anxiety. The prevalence of PTSD is expected to grow due to the deaths of family and friends among patients and frontline workers. Other ailments including suicide, phobia, schizophrenia, and sleep disorder among others are expected to increase among citizens.
By end user, Outpatient clinics accounted for the largest market share in 2020 at 36.9%. The segment is expected to continue to remain the largest as the majority of patients are diagnosed with mild to moderate symptoms and do not necessarily need to be admitted to hospitals. The demand for homecare settings is expected to grow during the forecast period due to patient preference.
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