Cognitive Behavior Therapy Market: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast to 2027
The surge in the Cognitive Behavior Therapy Market due to the rapid increase in the number of mental health disorders such as anxiety disorders, depression, substance abuse, PTSD (post-traumatic stress disorder, eating disorders, ADHD (attention deficit hyperactivity disorder), bipolar disorders, and others. As per the Our World in Data 2018, 46 million people around the globe are having bipolar disorder. According to the Harvard Medical School people aging between 18 to 29 years old are having higher rates of bipolar disorder followed by 30- to 44-year-olds.
The report “Cognitive Behavior Therapy Market: Current Analysis and Forecast (2020-2027)” by UnivDatos Market Insights delivers a comprehensive analysis of the Type, Application, Patient Type, Treatment Settings, and Region.
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Based on Type, the Cognitive Behavior Therapy segment is expected to show the fastest growth in the upcoming years owing to the rising prevalence of mental health disorders such as anxiety disorders, depression, substance abuse, PTSD (post-traumatic stress disorder). For instance, as per the National Survey on Drug Use and Health (NSDUH), 8.5 million American adults suffered from both a mental health disorder and a substance use disorder in 2017.
Based on Patient Type, the market is fragmented into Children and Adults. The Adult segment accounted for the largest share in 2020 is anticipated to register a lucrative CAGR during the forecast period owing to the high prevalence of mental disorders and bad lifestyles. As per the Our World in Data, more than a quarter (26.3%) of adults aged 18 to 25 years old had a mental health disease in 2018.
Based on Treatment Settings, the market is fragmented into Hospitals, Outpatient Clinics, Community Health Centers, and Others. The Outpatient Clinics dominated the market in 2019 and is anticipated to register the highest growth in the forecast period. The flexibility of the outpatient clinics makes it feasible for the patient to attend the appointment during the daytime and to be with their family in the evenings. The increase in outpatient clinics for mental health facilities also propels the market growth. As per Statista, there were 5,220 outpatient mental health facilities in the U.S. in 2019.
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Market Segmentation:
1.????By Type (Cognitive Behavioral Therapy, Cognitive Behavioral Play Therapy, System, Desensitization, Aversion Therapy, and Others)
2.????By Applications (Anxiety Disorders, Depression, Substance Abuse, PTSD (Post-Traumatic Stress Disorder, Eating Disorders, ADHD (Attention deficit hyperactivity disorder), Bipolar disorders, and Others)
3.????By Patient Type (Children, Adult)
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4.????By Treatment Settings (Hospitals, Outpatient Clinics, Community Health Centers, and Others)
5.????By Region (North America, Europe, Asia-Pacific, Rest of the World)
6.????By Company (Allergan, Inc., Novartis AG, Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Zynerba Pharmaceuticals, Apotex Inc., Sandoz AG, Strides Arcolab Ltd., TOLMAR Pharmaceuticals, Inc., Limbix)
Key questions answered in the study:
1.????What are the current and future trends of the Cognitive Behavior Therapy industry?
2.????How the industry has been evolving in terms of end-user demand and application areas?
3.????How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.????What are the key growth drivers and challenges for the Cognitive Behavior Therapy industry?
5.????What are the customer orientation, purchase behavior, and expectations from the Cognitive Behavior Therapy firms across various regions??