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Global Mental Health and Substance Abuse Services Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Mental Health and Substance Abuse Services Market, By Service Type (Outpatient Counselling, Intensive Case Management, Home-based Treatment Services, Impatient Hospital Treatment, Emergency Mental Health Service, Others), Disorders Type (Depression, Anxiety, Schizophrenia, Bipolar Disorders, Alcohol Use Disorders, Substance Abuse Disorders, Eating Disorders, Post- Traumatic Stress Disorders (PSTD)) – Industry Trends and Forecast to 2029

 

Mental Health and Substance Abuse Services Market

Market Analysis and Size

In most regions of the world, autism and attention deficit hyperactivity disorder (ADHD) cases are on the rise. ADHD is a neurodevelopmental disorder characterized by impaired social interaction, verbal and nonverbal communication, and restricted and repetitive behavior. Autism is a neurodevelopmental disorder characterized by impaired social interaction, verbal and nonverbal communication, and restricted and repetitive behavior. In 2020, one out of every 54 children in the United States will have Autism Spectrum Disorder (ASD), according to the Centers for Disease Control and Prevention (CDC).

Data Bridge Market Research analyses that the mental health and substance abuse services market which was USD 402.4 billion in 2021, would rocket up to USD 708.11 billion by 2029, and is expected to undergo a CAGR of 7.32% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation                       

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Service Type (Outpatient Counselling, Intensive Case Management, Home-based Treatment Services, Impatient Hospital Treatment, Emergency Mental Health Service, Others), Disorders Type (Depression, Anxiety, Schizophrenia, Bipolar Disorders, Alcohol Use Disorders, Substance Abuse Disorders, Eating Disorders, Post- Traumatic Stress Disorders (PSTD))

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Cerner Corporation (U.S), Core Solutions, Inc (U.S), WELLIGENT (U.S), Promises Behavioral Health (U.S), Pyramid Healthcare Inc. (U.S), North Range Behavioral Health (U.S), Acadia Healthcare (U.S), Sevita (U.S), Kaiser Foundation Health Plan, Inc. (U.S), Universal Health Services Inc. (U.S), NHS England (U.K), CareTech Holdings PLC (U.K), Ascension (U.S), Strategic Behavioral Health LLC (U.S), Ohio Department of Mental Health and Addiction Services (U.S)

Market Opportunities

  • Increasing importance that businesses place on controlling their self-insured healthcare costs
  • Access to mental health resources and mental health attitude

Market Definition

Mental health is a dynamic state of internal equilibrium that allows people to use their abilities in accordance with society's universal standards. It helps recognize, express, and modulate one's own emotions, empathize with others, and deal with adversity. It also helps with social duties and keeping a healthy relationship with the body and mind. However, it can cause anxiety, depression, and bipolar illness if it is out of balance. It can also produce physical pain in many places of the body, such as the stomach, back, and head.

Mental Health and Substance Abuse Services Market Dynamics

Drivers

  • New innovations in healthcare

The market will rise as people become more aware of dealing with substance abuse. Other factors such as advancements in mental health, favorable reimbursement policies, improved behavioral health software solutions, and improvements in healthcare infrastructure are likely to fuel the market expansion for mental health and substance abuse services.

  • Rise in the prevalence of mental health disorders

The prevalence of mental health diseases is on the rise all across the world. This, along with lifestyle, substance misuse, personal experiences of trauma or abuse, and biological elements such as genes or brain chemistry, is one of the primary drivers supporting the market's growth. Apart from that, the coronavirus disease (COVID-19) outbreak and tight limitations imposed by governments worldwide have exacerbated existing mental health symptoms and induced relapse in people worldwide. This, together with the increased demand for hospital services as a result of the growing patient pool seeking mental health solutions to promote self-care, is fueling market expansion.

  • Improving healthcare infrastructure

Furthermore, many governments are investing in technology and telecommunication technologies as well as hiring more mental health specialists. This, combined with significant growth in the number of mental health awareness programs, results in a positive market outlook. Other important factors such as rising occurrences of depression resulting in disability and the growing geriatric population are expected to boost market expansion.

Opportunities

Access to mental health resources and mental health attitudes are probably certainly on the rise. To begin with, young people are both more likely to have behavioral health concerns (young adults aged 18 to 25 had the greatest prevalence of any mental disorder) and more willing to communicate openly about their mental health and seek help. Second, businesses are realising the costs of failing to treat mental health issues among employees. Third, businesses' increasing importance on controlling their self-insured healthcare costs suggests that mental health interventions should be prioritised. This is because mental health can anticipate the occurrence of serious and costly medical illnesses like diabetes, cancer, and coronary artery disease in the future.

Restraints/Challenges

Most countries have high mental health and substance addiction service expenditures. Regulatory pressure on mental health and substance abuse service providers to save costs and demonstrate value is pervasive. The current economic situation makes funding for substance addiction and mental health facilities difficult. The high cost of targeted therapies, medication, medical equipment, and other improvements is also a restraint on the mental health and substance abuse services market over the projection period.

This mental health and substance abuse services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mental health and substance abuse services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid impact on Mental Health and Substance Abuse Services

The global residential drug abuse and mental health facilities market is predicted to increase at a compound annual growth rate (CAGR) of 12.7 percent from USD 95.30 billion in 2021 to USD 107.43 billion in 2022. Companies are reorganising their operations and recuperating from the COVID-19 impact, which had previously resulted in tight containment measures such as social distancing, remote working, and the shutdown of commercial activities, all of which created operational issues. At a CAGR of 11.1 percent, the residential drug addiction and mental health facilities market is estimated to reach USD 163.42 billion in 2026.

The impact of the COVID-19 disaster has aggravated pre-existing mental health issues. According to a McKinsey analysis, COVID-19 could result in a 50% increase in the prevalence of behavioral health disorders. According to a new Kaiser Family Foundation poll, 45 percent of Americans believe the COVID-19 situation is affecting their mental health, with 19 percent believing it is having a "significant impact." According to a recent Pew Research Center poll, 73 percent of Americans have felt nervous at least a few days every week since the pandemic began. Prescriptions for antianxiety drugs surged 34% between mid-February and mid-March 2020.

Global Mental Health and Substance Abuse Services Market Scope

The mental health and substance abuse services market is segmented on the basis of disorder and service. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Disorder

  • Schizophrenia
  • Alcohol Use Disorders
  • Bipolar Disorder
  • Depression and Anxiety
  • Post-traumatic Stress Disorder
  • Substance Abuse Disorders
  • Eating Disorders
  • Others

Service

  • Emergency Mental Health Services
  • Outpatient Counselling
  • Home-based Treatment Services
  • Inpatient Hospital Treatment Services
  • Others

Mental Health and Substance Abuse Services Market Regional Analysis/Insights

The mental health and substance abuse services market is analysed and market size insights and trends are provided by country, disorder and service as referenced above.

The countries covered in the mental health and substance abuse services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America accounted for a major share in the mental health market in 2020, and is expected to maintain its dominance during the forecast period, due to the rise in adoption of advanced technologies and increased awareness of mental health among healthcare professionals and individuals working in the corporate industry. Moreover, upsurge in mental health activities in the healthcare sector to develop novel services and the presence of major players operating in the region fuel the market's growth.

Asia-Pacific is expected to register highest CAGR from 2021 to 2030, as a result of increased health awareness, improved healthcare infrastructure, and an increase in the number of hospitals with modern medical facilities

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The global mental health and substance abuse services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global mental health and substance abuse services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global mental health and substance abuse services market. The data is available for historic period 2010-2020.

Competitive Landscape and Mental Health and Substance Abuse Services Market Share Analysis

The mental health and substance abuse services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mental health and substance abuse services market.

Some of the major players operating in the mental health and substance abuse services market are:

  • Cerner Corporation (U.S)
  • Core Solutions, Inc (U.S)
  • WELLIGENT (U.S)
  • Promises Behavioral Health (U.S)
  • Pyramid Healthcare Inc. (U.S)
  • North Range Behavioral Health (U.S)
  • Acadia Healthcare (U.S)
  • Sevita (U.S)
  • Kaiser Foundation Health Plan, Inc. (U.S)
  • Universal Health Services Inc. (U.S)
  • NHS England (U.K)
  • CareTech Holdings PLC (U.K)
  • Ascension (U.S)
  • Strategic Behavioral Health LLC (U.S)
  • Ohio Department of Mental Health and Addiction Services (U.S)

Research Methodology: Global Mental Health and Substance Abuse Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The mental health and substance abuse services market value is expected USD 708.11 billion by 2029.
The mental health and substance abuse services market is projected to grow at a CAGR of 7.32% during the forecast period of 2022-2029.
The major players operating in the Mental Health and Substance Abuse Services Market are Cerner Corporation (U.S), Core Solutions, Inc (U.S), WELLIGENT (U.S), Promises Behavioral Health (U.S), Pyramid Healthcare Inc. (U.S), North Range Behavioral Health (U.S), Acadia Healthcare (U.S), Sevita (U.S), Kaiser Foundation Health Plan, Inc. (U.S), Universal Health Services Inc. (U.S), NHS England (U.K), CareTech Holdings PLC (U.K), Ascension (U.S), Strategic Behavioral Health LLC (U.S), Ohio Department of Mental Health and Addiction Services (U.S).
The major countries covered in the Mental Health and Substance Abuse Services Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.