Behavioral Therapy Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global ”behavioral therapy market” size is projected to grow substantially owing to the increasing prevalence of behavioral disorders among people, observes Fortune Business Insights™ in an upcoming report, titled, “Behavioural Therapy Market Size, Share & Industry Analysis, By Type (Cognitive Behavioural Therapy, Cognitive Behavioural Play Therapy, Systematic Desensitization, Aversion Therapy), By Application (Depression, PTSD (Post-Traumatic Stress Disorder), Eating Disorders, Anxiety Disorders, Substance Abuse), By Patient Type (Children, Adult), By Treatment Settings (Hospitals, Outpatient Clinics, Community Health Centers, Others) and Regional Forecast, 2020-2027.” According to the World Health Organization, the number of people suffering from depression was estimated to be 4.4% in 2015. These statistics are expected to normalize patients opting for behavioral therapy.
The COVID-19 pandemic is specifically affecting the healthcare sector owing to the rapid scarcity of resources in hospitals due to the amplifying number of coronavirus positive cases. Restrictive regulations regarding social distancing are expected to significantly reduce the number of appointments, forcing the healthcare industry to a standstill.
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Global Behavioral Therapy Market Highlights:
The Behavioral Therapy Market report offers an in-depth analysis of the Behavioral Therapy industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Behavioral Therapy market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Behavioral Therapy Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Behavioral Therapy market to figure out and study the market’s needs, market size, and competition.
Highlights of the Report:
While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.
Drivers & Restraints-
RisingPopulation of Patients Suffering from Behavioral Disorders Globally to Drive Growth
According to the World Health Organization, over 264 million people of all ages across the globe have suffered from depression. The increasing cases of behavioral disorders, such as depression, anxiety, anger issues, and Post-traumatic Stress Disorder (PTSD), among people are encouraging them to opt for behavioral therapy. This is expected to drive the growth of the global behavioral therapy market. However, the lack of awareness, coupled with the limited access to mental health care providers is expected to limit growth.
Advanced Healthcare Infrastructure in the U.S. to Help North America Dominate
North America is anticipated to dominate the global behavioral therapy market owing to the growing population of patients suffering from mental health in the U.S. For Instance, as per the National Institute for Mental Health, in 2017, nearly 17.3 million adults in the U.S. suffered from at least one episode of behavioral disorders. In addition, the advanced healthcare infrastructure in the region, coupled with the surgingresearch on behavioral therapy is expected to further drive growth.
The Europe behavioral therapy market is forecast to showcase robust growth in the projected timeline. The increasing number of patients related to mental disordersand the rising social acceptance regarding behavior related disorders in the region areexpected to drive growth of the market for behavioral therapy.
- In November 2019, SSQ Insurance partnered up with mental health services HALEO (for sleep disorders) and MindBeacon Group (for moderate symptoms of anxiety and depression) to provide digital cognitive behavioral therapy.
- In October 2018, Medavie Blue Cross and Medaca Health Group launched a virtual cognitive behavioral therapy pilot project to provide easier access to mental healthcare to patients.
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A List of Key Manufacturers Operating In the Global Behavioral Therapy Market Report:
- Magellen Health, Inc.
- Acadia Healthcare
- Universal Health Services, Inc.
- American Addiction Centers
- Haven Behavioral Healthcare, Inc.
- Behavioral Health Group
- PEOPLE’S CARE HOLDINGS, INC.
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