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Cognitive Behavioural Therapy Market Is Likely to Experience a Tremendous Growth by 2032

02-28-2023 04:31 PM CET | IT, New Media & Software

Press release from: Adroit Market Research

Cognitive Behavioural Therapy Market

Cognitive Behavioural Therapy Market

Cognitive behavioural therapy (CBT) focuses on helping people identify, understand, and alter unhelpful thought patterns and behaviours in order to enhance psychological well-being. CBT is built on the premise that our thoughts, feelings, and behaviours are connected and that negative thinking patterns can cause discomfort. Numerous mental health conditions, such as post-traumatic stress disorder, eating disorders, anxiety disorders, phobias, and depression, have been treated with this kind of therapy.

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The market for cognitive behavioural treatment is anticipated to reach US$ 295.14 billion in value by 2030, growing at a CAGR of 8.5%. The success of Cognitive Behavioral Therapy (CBT) in treating a range of mental health issues has aided in the therapy's rising acceptance and market expansion. This is mostly because CBT is quite effective at assisting people in managing their mental health disorders by assisting them in recognising, examining, and challenging harmful thought patterns and behaviours.

With the greatest market share, the cognitive behavioural treatment market category is expected to continue to rule during the projection period. For mental health illnesses such as anxiety, depression, eating disorders, and post-traumatic stress disorder, CBT has been scientifically shown to be an effective psychological treatment. Additionally, by teaching people skills they may use forever, CBT motivates people to take an active role in their recovery.

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Due to the rising incidence of depression and other mental health concerns in various parts of the world, depression is predicted to dominate the worldwide cognitive behavioural therapy market during the forecast period. This has been made possible by improvements in therapy techniques as well as growing public awareness of mental health and its significance for overall well-being.

Given the rising prevalence of depression, substance misuse, and other mental health disorders among adults, the adult patient type is anticipated to dominate the market. Adult incidences of depression, substance misuse, and other mental health illnesses are on the rise, necessitating the employment of efficient treatments like cognitive behavioural therapy. Additional evidence for this comes from the rising demand for cognitive-behavioural therapy among adults and the increase in the number of mental health providers offering this therapy to adults.

Geologically, North America is anticipated to hold the biggest market share for cognitive behavioural therapy during the projected period due to a rise in the number of mental health professionals offering these services and a rise in consumer awareness of mental health diseases in the area. Other factors propelling the market in North America include favourable reimbursement policies and the presence of cutting-edge healthcare infrastructure.

One of the top US health systems, Kaiser Permanente, announced plans to open three new mental health clinics in California and Hawaii in March 2022. These clinics will provide complete mental health care services, including cognitive behavioural treatment. For patients in these areas, this expansion is anticipated to improve access to mental health services, particularly cognitive behavioural therapy.

The University of California, San Francisco received a five-year, $14 million grant from the National Institutes of Health (NIH) in June 2022 to create a number of cognitive behavioural therapy treatments and interventions with the express purpose of addressing health disparities in underserved communities.

The Substance Abuse and Mental Health Services Administration (SAMHSA) published a report in August 2022 that outlined the advantages of cognitive behavioural therapy and demonstrated how it can successfully treat mental health illnesses while also enhancing general health outcomes.

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𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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