According to Fortune Business Insights, "the U.S. behavioral health market is projected to grow from $77.62 billion in 2021 to $99.40 billion in 2028". Mental health services continue growing at an incredible rate as State and Federal governments implement favorable policies.
One in five adults in America is diagnosed with a mental health condition every year. In addition, 46% of adults will match the criteria to be diagnosed with a mental health condition at some point in their lives. 50% of those individuals will develop it before the age of 14. With COVID finally easing, we are just beginning to see its effects on mental health across the nation. Treatment for anxiety and depression has increased significantly, putting a greater demand on mental health practitioners.
Currently, eight out of ten psychologists who specialize in the treatment of anxiety disorders report increased demand for treatment since the start of the pandemic, with an increase of 10% from just one year ago. Furthermore, the need for the treatment of depression has also increased by 12%. Other mental health conditions that appear to be on the rise include obsessive-compulsive disorders, sleep disorders, substance abuse, and addiction.