The market was valued at $79 billion in 2022 and $83 billion in 2023, with growth attributed to policy changes at the federal and state levels and the increased adoption of telehealth-based treatments for mental health disorders, the report said.
Behavioral health market projected to reach $115B by 2030
The U.S. behavioral health market is expected to reach $115 billion by 2030 with a compound annual growth rate of 4.7% during the forecast period, according to a recent report from Fortune Business Insights.
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