Psychological counselling witnessing high demand to tackle mental and emotional problems is anticipated to be an opportunity to the global cognitive behavioral therapy market.
Cognitive behavioral therapy (CBT) refers to a therapeutic approach applied to a variety of mental problems. The CBT treats and diagnoses a variety of problems such as substance use disorder, anxiety, eating disorder, multiple personality disorders, and many other such mental illnesses. Increasing prevalence of behavioral disorders, improved mental care accessibility, growing awareness, and social acceptance are boosting the global cognitive behavioral therapy market. Additionally, clinical advancements in CBT, medication management, government initiatives for increasing awareness regarding CBT are also majorly influencing the market growth.
As a result, the global cognitive behavioral therapy market is poised to reach a market value of 190.45 Bn in terms of revenue while the CAGR is pegged at 9.01% from 2021 to 2028. CBT is usually triggered to help patients manage their mental problems by changing the way the think and behave. It commonly treats anxiety and depression. CBT an also treat and diagnose some other uncommon mental and physical health problems.
The future and existing cognitive behavioral therapy seems to be progress examining the growth opportunities and rapidly evolving market. Key influencing factors focus on advanced cognitive behavioral therapy and online platforms emerged to address the covid-19 led mental problems. Increasing prevalence of mental disorders especially due to pandemic led isolations, quarantines, and growing acceptance of mental disorders are key factors affecting the growth of global cognitive behavioral therapy market.
However, limited access, lack of expertise in underdeveloped regions, covid-19 led lockdown in various places is likely to hamper the global cognitive behavioral therapy market growth. Furthermore, adopting enhanced cognitive behaviour therapy (CBT-E) in the light of covid, remotely monitored evidence-based treatments for mental disorders, public and private sector training and technical assistive programs are anticipated to be an opportunity to the global cognitive behavioral therapy market
Adroit Market Research Report is a comprehensive study on global cognitive behavioral therapy market with coverage from 2018 to 2028. The report includes qualitative and quantitative factors having a major influence on the global cognitive behavioral therapy market such as drivers, restraints, opportunities, market sizes, GDP, annual growth rate, and future revenue forecasts. It identifies physiological problems arising due to covid and discuss the solutions being adopted to address these problems, as well as potential opportunities for you in current and future market scenarios.
Competitive landscape is discussed in detail in the report with company profiles, financial information, geographical footprint, market competitiveness, solutions provided during covid-19 to serve the rising demand and strengthen their competitive position in the market. All the factors are studied in-depth with SWOT analysis and Porter’s Five Forces Analysis.
Market players are providing successful, caring and highly professional cognitive treatments. The practitioners and organizations around the world are advancing in CBT and providing mental health solutions. The key techniques adopted by the market players especially during covid-19 to meet the rising demand for mental treatments and lockdown solutions is remote services and advanced CBT. Besides, the market players are pursuing strategic solutions such as merger & acquisitions and expansion which is expanding their reach in global market.
Depending on different segments the market is classified into type segment namely systematic desensitization, aversion therapy, cognitive behavioural therapy, and others. The cognitive behavioural therapy segment accounted a maximum market share of global cognitive behavioral therapy market because CBT helps alter potentially self-destructing physiological behaviour.
Depending on different segments the market is classified into patient type segment namely young and adult. The adult age segment especially between the age group of 21 and 50 because psychological disorders are occurring more in adults due to extreme work pressure, family problems, unemployment, marital problems and other increasing the demand of CBT in adults.
Depending on different segments the market is classified into application segment namely depression, anxiety, and eating disorder. The depressive segment accounted for largest market share. Genetics and growing prevalence of illnesses leading to depressive or suicidal state of mind are the key factor driving growth of this segment around the world.
The North American region has witnessed an impressive growth in the market due to presence of popular research institutes conducting studies on CBT, improve accessibility, income growth leading to affordable treatments, and increasing awareness. Also, APAC has gathered a greatest market share in global cognitive behavioral therapy market due to rising prevalence of mental disorders, increased social acceptance, and accessibility.
Market players that are dominating the global behavioral market are TOLMAR Pharmaceutical, Limbix, Strides Arcolab, Sandoz, Apotex, Zynerba, Perrigo, Taro Pharmaceutical Industries, Novartis, and Allergan among others.
Key Segments of the Global Cognitive Behavioral Therapy Market
Type Overview, 2018-2028 (USD Billion)
- Systematic Desensitization
- Aversion Therapy
- Cognitive Behavioural Therapy
Application Overview, 2018-2028 (USD Billion)
- Eating disorder
Patient Type Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
- Rest of South America
Middle East and Africa