Artificial Intelligence is the fastest growing segment fueling the growth of Behavioral Rehabilitation Market

 

Behavioral Rehabilitation Market

The global Behavioral Rehabilitation Market is estimated to be valued at US$ 248530.73 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Behavioral rehabilitation aids in treating several lifestyle induced health issues such as addictions, anxiety, depression and stress disorders. These programs help individuals relearn healthy behaviors and cope with their conditions effectively.

 

Market Overview:

Behavioral rehabilitation provides treatments to modify unhealthy behaviors and help recover from addiction, trauma and mental health issues. It aims to help individuals develop coping skills, stress management techniques and healthy relationships. The inclusion of innovative technologies such as artificial intelligence is gaining popularity as it allows personalized care and remote monitoring of patients.

 

Market key trends:

One of the key trends gaining traction in the behavioral rehabilitation market is widespread adoption of digital therapies and artificial intelligence. Digital technologies are being leveraged to develop advanced psychiatric assessments, computerized cognitive behavioral therapy and virtual reality exposure therapy. AI aids in delivering individualized treatment plans, remote monitoring of patients, and collecting valuable insights from large patient data to improve outcomes. For example, AI chatbots provide round-the-clock support to patients and assist in behavior modification outside of therapy sessions.

Segment Analysis

 

The global behavioral rehabilitation market can be segmented based on treatment, treatment setting, disorder, and region. Based on treatment, the market is segmented into addiction, schizophrenia, bipolar disorder, depression, eating disorder, and others. The addiction segment is expected to dominate the market over the forecast period owing to the rise in substance abuse globally. Addiction treatment involves counseling, therapy, and medication to help people overcome substance abuse problems.

 

Key Takeaways

 

The Global Behavioral Rehabilitation Market Share size is expected to witness high growth, exhibiting a CAGR of 4.8% over the forecast period from 2023 to 2030, due to the increasing prevalence of behavioral disorders.

 

The regional analysis indicates that North America dominated the global behavioral rehabilitation market in 2023 and is expected to remain the largest market over the forecast period. This is attributed to the increasing healthcare expenditure and rising awareness regarding behavioral health in the region. Europe and Asia Pacific are expected to witness the highest growth rates over the forecast period owing to improving healthcare infrastructure and rising demand for better behavioral healthcare facilities in emerging countries.

 

Key players operating in the behavioral rehabilitation market are Universal Health Services Inc., Springstone Inc., Niznik Behavioral Health, Magellan Health Inc., Behavioral Health Group, AAC Holdings, Acadia Healthcare, Haven Behavioral Healthcare Inc., Promises Behavioral Health, and Aurora Behavioral Health System, among others. Universal Health Services Inc. held the largest market share in 2023 owing to its strong network of over 245 behavioral healthcare facilities across the U.S. and Puerto Rico.

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https://www.dailyprbulletin.com/behavioral-rehabilitation-market-size-share-growth-outlook-2023/

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