U.S. Behavioral Health Market to Exhibit a CAGR of 5.3% from 2024 to 2032; Uprise Health Completed the Acquisition of HMC HealthWorks to Expand its Portfolio

The U.S. behavioral health market size stood at USD 83.78 billion in 2023. The market value is slated to rise from USD 87.82 billion in 2024 to USD 132.46 billion by 2032 at a CAGR of 5.3% during 2024-2032. Fortune Business Insights™ presents this information in its report titled

“U.S. Behavioral Health Market Size, Share & Industry Analysis, By Type (Behavioral & Mental Health, Substance Abuse, Eating Disorders, Trauma/PTSD, and Others), By Payor (Public Health Insurance and Private Health Insurance/Out-of-pocket), and Country Forecast, 2024-2032”.

Behavioral health services stress an individual’s daily actions, habits, and behaviors, which can affect the mental health of a patient. The shift toward advanced digital tools, owing to their growing applications and advances, is augmenting the market expansion. This transition is driven by different factors, including convenience, improved tracking of patients, and cost savings.

This, coupled with the emphasis of the government on encouraging virtual care services by launching awareness campaigns about these therapies, is slated to further contribute to the market growth. For example, in February 2022, 29 HRSA-funded health centers were allocated USD 55.0 million by the U.S. Department of Health & Human Services to boost access to quality and care for underserved populations with the help of virtual care, including health information technology platforms, telehealth, and others.

These services appeared both as an opportunity and a challenge globally amid the COVID-19 pandemic period. In addition, the market observed an increase in demand for these services due to the significant surge in the incidence of anxiety, stress, and depression. However, considerable growth was observed in the market in 2021 due to ease in restrictions related to the pandemic and the resumption of healthcare activities to their normal pace.

Uprise Health Acquired HMC HealthWorks to Broaden its Portfolio

Uprise Health, previously known as IBH Solutions, a prominent name in digital and population health services, announced the acquisition of HMC HealthWorks in February 2021. Through this move, the company added wellness and pharmacy specialty services and chronic condition management solutions to its portfolio. This move also facilitated the company in catering to the distinct requirements of Taft-Hartley, Government, Labor and Trust Funds.

Surging Awareness of Mental Health Among Population to Escalate Market Growth

There has been a considerable rise in literacy and awareness around mental health in the U.S., which can be attributed to different media sources, including podcasts, social media, and TV shows and experiences shared by public figures. This has resulted in a higher understanding of mental health disorders and more open discussions. Prevailing racial tensions, social justice movements, and the COVID-19 pandemic have also thrown light on the significance of mental health. Moreover, initiatives, including those by the American Institutes for Research and SAMHSA, including Mental Health Awareness Month in May, are poised to boost awareness among the population.

However, the dearth of mental health professionals and the prohibitive treatment cost may hamper the U.S. behavioral health market growth. The shortage of financial resources restrains several people from choosing professional aid or may result in inappropriate treatment. For example, Mental Health America reported 11.1% of Americans with mental illness did not have insurance policies in 2022.

Top Players Leverage Partnerships to Release Innovative Products

American Addiction Centers, Uprise Health, and BHG Holdings, LLC. are focusing on enhancing their footprint in the U.S. market by launching new services and expanding their facilities in the country. Joint ventures and acquisitions are some of the other strategies undertaken by top companies to achieve a competitive advantage. Several other companies are emphasizing partnership strategies to launch innovative capabilities of products.

List of Key Players Profiled:

• Universal Health Services, Inc. (U.S.)


• BHG Holdings, LLC. (U.S.)


• Acadia Healthcare (U.S.)


• American Addiction Centers (U.S.)


• CuraLinc Healthcare (U.S.)


• BEHAVIORAL HEALTH SYSTEMS, INC. (U.S.)


• North Range Behavioral Health (U.S.)


• Uprise Health (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/u-s-behavioral-health-market-105298

Key Industry Development

• July 2023: Acadia Healthcare inked a deal with Methodist Health System for the establishment of an advanced 96-bed behavioral health hospital in Council Bluffs, Iowa. This deal was made for the expansion of the acute service line of Acadia Healthcare into a new U.S. state.

Further Report Findings:

• With respect to type, the behavioral & mental health segment occupied the largest share in 2023. The same segment is poised to expand at a higher CAGR during the forecast period, which can be attributed to the surging occurrence of depression and anxiety disorders in the U.S., creating a higher demand for mental and behavioral health services. This factor has resulted in a rise in outpatient hospital visits and inpatient admissions. As per Mental Health America, Inc., 15.08% of youth (12-17 years) were diagnosed with at least one Major Depressive Episode (MDE) in New York in 2021.


• In terms of payor, the public health insurance segment held the largest U.S. behavioral health market share in 2023 on account of the growing demand for behavioral therapies. This is leading to the heightened uptake of insurance under Medicaid and Medicare.

Table of Segmentation