Behavioral Therapy Market Impressive Growth at 8.2% CAGR Forecasts 2019 to 2024 | Top Key Players: Magellan Health, Universal Health Services, Acadia Healthcare, Springstone, American Addiction Centers and More...

Behavioral Therapy Market

Behavior therapy is a broad term referring to clinical psychotherapy that uses techniques derived from behaviorism. Those who practice behavior therapy tends to look at specific, learned behaviors and how the environment influences those behaviors. Those who practice behavior therapy are called behaviorists, or behavior analysts. They tend to look for treatment outcomes that are objectively measurable. Behavior therapy does not involve one specific method but it has a wide range of techniques that can be used to treat a person's psychological problems.

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According to this study, over the next five years the Behavioral Therapy market will register a 8.2% CAGR in terms of revenue, the global market size will reach US$ 293400 million by 2024, from US$ 183400 million in 2019. 

The growing prevalence of behavioral disorders and increasing awareness of the available therapeutic options are major driving factors for the market. Rising government initiatives, such as Substance Abuse and Mental Health Services Association grants and The Affordable Care Act, to increase investment on programs to eliminate substance abuse is expected to boost the market growth during the forecast period.

The classification of Behavioral Therapy includes Anxiety Disorders, Mood Disorders, Substance Abuse Disorders, Personality Disorders and Attention Deficit Disorders. The proportion of Anxiety Disorders in 2017 is about 35.6%, and the proportion of Mood Disorders in 2017 is about 17.5%.

Behavioral Therapy is application in Inpatient, Residential and Outpatient. The most of Behavioral Therapy is used in Outpatient, and the market share of that is about 40.5 % in 2017.
North America is the largest consumption place, with a consumption market share nearly 52.5% in 2017, Following North America, Europe is the second largest consumption place with the consumption market share of 29.5% in 2017. Behavioral Therapy market in Asia Pacific region is expected to exhibit the highest growth rate due to high incidence of allergy people in the developing Asian countries like China & India.

The global industry is highly fragmented with presence of large number of players in the market. However, significant number of mergers and acquisitions were observed in the recent years, which reflects dynamic nature of the market. Some of the major institutes engaged in providing behavioral rehabilitation services in this market are Acadia Healthcare, Universal Health Services, Inc., Magellan Health, etc.

This study considers the Behavioral Therapy value generated from the sales of the following segments:

Segmentation by product type:
Anxiety Disorders
Mood Disorders
Personality Disorders
Attention Deficit Disorders

Segmentation by application: 
Inpatient
Residential
Outpatient

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: 
Magellan Health, Universal Health Services, Acadia Healthcare, Springstone, American Addiction Centers, ChanceLight, Haven Behavioral Healthcare, Behavioral Health Group, Center for Autism & Related Disorders, People’s Care, Behavior Frontiers, Sunbelt Staffing, Autism Spectrum Therapies, Centria Healthcare

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