The cognitive behavioral therapy global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cognitive Behavioral Therapy Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cognitive behavioral therapy market size has grown rapidly in recent years. It will grow from $176.23 billion in 2023 to $195.04 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to the globalization of mental health services, healthcare policy, and insurance coverage, a shift in the treatment paradigm, a rise in mental health awareness, and the emergence of cognitive behavioral therapy (CBT).
The cognitive behavioral therapy market size is expected to see rapid growth in the next few years. It will grow to $294.08 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to demand for workplace mental health support, increasing government funding and initiatives, continued innovation in digital therapeutics and mobile health applications, integration into primary care settings, and targeted interventions for specific populations. Major trends in the forecast period include increasing emphasis on personalized medicine, the proliferation of digital therapeutics platforms offering CBT, expansion of community-based mental health services, emphasis on teletherapy and remote monitoring and outcome measurement and data analytics in mental health care.
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Scope Of Cognitive Behavioral Therapy Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cognitive Behavioral Therapy Market Overview
Market Drivers –
The increasing cases of depression are expected to propel the growth of the cognitive behavioral therapy market going forward. Depression is a mental health disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest or pleasure in activities, often accompanied by physical symptoms such as changes in appetite or sleep patterns. There are increasing cases of depression due to several factors, such as societal pressures, economic stressors, genetic predispositions, trauma, and limited access to mental health resources and support. Cognitive behavioral therapy (CBT) is effective for treating depression by helping individuals identify and change negative thought patterns and behaviors. For instance, in October 2021, according to Boston University, a US-based private research university, depression among adults in the United States tripled in the early 2020 months of the global coronavirus pandemic, jumping from 8.5% before the pandemic to a staggering 27.8% in 2021, and even worsened, climbing to 32.8% and affecting 1 in every 3 American adults. Therefore, the increasing cases of depression drive the growth of the cognitive behavioral therapy market.
Market Trends –
Major companies operating in the cognitive behavioral therapy market are developing innovative services, such as the cognitive behavioral therapy for insomnia (CBT-I) program, to gain a competitive edge in the market. Cognitive behavioral therapy for insomnia (CBT-I) is a structured program aimed at improving sleep by addressing the underlying cognitive and behavioral factors contributing to insomnia, including maladaptive sleep habits and negative thought patterns. For instance, in March 2024, Allegheny Health Network, a US-based healthcare company, introduced a new evidence-based cognitive behavioral therapy for insomnia (CBT-I) program aimed at helping patients improve their sleep quality and quantity. This initiative, funded by a grant from the Richard King Mellon Foundation, is a collaborative effort between the AHN Primary Care Institute, the AHN Psychiatry & Behavioral Health Institute, and Highmark Health.
The cognitive behavioral therapy market covered in this report is segmented –
1) By Type: Cognitive Behavioral Therapy, Cognitive Behavioral Play Therapy, Desensitization, Aversion Therapy, Other Types
2) By Age Group: Children, Adult, Geriatric
3) By Applications: Anxiety Disorders, Depression, Substance Abuse, Post-Traumatic Stress Disorder (PTSD), Eating Disorders, Attention Deficit Hyperactivity Disorder (ADHD), Bipolar Disorders, Other Applications
4) By Service Provider: Hospitals And Clinics, Specialty Hospitals, Rehabilitation Centers, Home Care, Other Service Providers
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Regional Insights –
North America was the largest region in the cognitive behavioral therapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cognitive behavioral therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cognitive behavioral therapy market are Universal Health Services Inc., Magellan Health, Acadia Healthcare Company, Headspace Inc., American Addiction Centers Inc., Behavioral Health Group Inc., American Well Corp., Landmark Recovery, Haven Behavioural Healthcare Inc., Ieso Digital Health Ltd., Talkspace Inc., Springstone Inc., Unmind, TherapyNotes LLC, Woebot Health, Big Health, Pear Therapeutics Inc., SilverCloud Health Inc., eMindful Inc., Thrive Therapeutic Software Limited, Cognoa Inc., Therachat, Spring Care Inc., Minddistrict, Sanvello
Table of Contents
1. Executive Summary
2. Cognitive Behavioral Therapy Market Report Structure
3. Cognitive Behavioral Therapy Market Trends And Strategies
4. Cognitive Behavioral Therapy Market – Macro Economic Scenario
5. Cognitive Behavioral Therapy Market Size And Growth
…..
27. Cognitive Behavioral Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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