The global behavioral health treatment market is expected to experience a 2.9 percent compound annual growth rate from 2022 to 2032.
This growth is primarily driven by the increasing demand for telepsychiatry in the industry, according to a March 21 news release from market research firm Fact.MR. The demand for behavioral health care treatments can also be attributed to mental health problems due to stress and social and economic hardship around the world.
Another factor in the market's anticipated growth is companies implementing strategies to maintain their share of the market, such as launching new products, seeking fast regulatory approvals and acquisitions, partnerships and collaborations.