Behavioral health refers to the scientific study of the behaviors, emotions, and biology relating to a mental well-being of a person, their ability of functioning in everyday life and their concept of the self. “Behavioral health” is a preferred term to the “mental health.” A person who is struggling with his or her behavioral health may face depression, stress, anxiety, relationship problems, addiction, grief, ADHD or learning disabilities, mood disorders, or other psychological concerns. There are various techniques used in the treatment of an individual in behavioral health. The therapists study the human behavior to change the bad habits with good one. Also, it is performed to find a solution for certain kinds of phobias, stress as well as bipolar disorder among others. According to the World Health Organization, behavioral health is defined as a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to her or his community.This growth is primarily driven by Increasing Number of People Who Are Suffering From Behavioral Health and Growing Accessibility of Therapies for Behavioral Health.
Globally, a noticeable market trend is evident Increasing Preferences of Partial Hospitalization Programs (PHP)
. Major Players, such as Acadia Healthcare (United States), CareTech Holdings (United Kingdom), The MENTOR Network (United States), Universal Health Services (United States), Behavioral Health Network (United States), North Range Behavioral Health (United States), Strategic Behavioral Health (United States), Ascension Seton (United States), Pyramid Healthcare (United States) and Promises Behavioral Health (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd May 2019, Central Iowa and Universal Health Services held a ceremonial groundbreaking for their new 100-bed behavioral health, serving Central Iowa and the surrounding region. The new facility, named Clive Behavioral Health, is a partnership of MercyOne and UHS to address the growing, unmet need for accessible, high-quality and advanced behavioral health services.
On 31st July 2018, Universal Health Services, Inc. has announced that, through its UK subsidiary Cygnet Health Care, it has acquired The Danshell Group ("Danshell").
- Increasing Number of People Who Are Suffering From Behavioral Health
- Growing Accessibility of Therapies for Behavioral Health
- Increasing Preferences of Partial Hospitalization Programs (PHP)
- Advent of Online Counselling
- Emergence of Behavioral Software
- Dearth of Awareness of Behavioral Health
- Lack of Proper Reimbursement
Technological Advancement in Healthcare Expenditure in Emerging Economics
Lack Of Awareness in Developing Countries and Time-Consuming Procedures
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