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Cognitive Behavioral Therapy Market Segments, Analysis, Overview, Outlook Report 2024-2033
Cognitive Behavioral Therapy Market
As per the report, the cognitive behavioral therapy market size has grown rapidly in recent years. It will grow from $176.23 billion in 2023 to $195.04 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The cognitive behavioral therapy market size is expected to see rapid growth in the next few years. It will grow to $294.08 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
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Growing Demand For Cognitive Behavioral Therapy Amid Rising Depression Rates
The increasing cases of depression are expected to propel the growth of the cognitive behavioral therapy market going forward. Depression is a mental health disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest or pleasure in activities, often accompanied by physical symptoms such as changes in appetite or sleep patterns. There are increasing cases of depression due to several factors, such as societal pressures, economic stressors, genetic predispositions, trauma, and limited access to mental health resources and support. Cognitive behavioral therapy (CBT) is effective for treating depression by helping individuals identify and change negative thought patterns and behaviors. For instance, in October 2021, according to Boston University, a US-based private research university, depression among adults in the United States tripled in the early 2020 months of the global coronavirus pandemic, jumping from 8.5% before the pandemic to a staggering 27.8% in 2021, and even worsened, climbing to 32.8% and affecting 1 in every 3 American adults. Therefore, the increasing cases of depression drive the growth of the cognitive behavioral therapy market.
Allegheny Health Network Introduces Evidence-Based Cognitive Behavioral Therapy For Insomnia (CBT-I) Program
Major companies operating in the cognitive behavioral therapy market are developing innovative services, such as the cognitive behavioral therapy for insomnia (CBT-I) program, to gain a competitive edge in the market. Cognitive behavioral therapy for insomnia (CBT-I) is a structured program aimed at improving sleep by addressing the underlying cognitive and behavioral factors contributing to insomnia, including maladaptive sleep habits and negative thought patterns. For instance, in March 2024, Allegheny Health Network, a US-based healthcare company, introduced a new evidence-based cognitive behavioral therapy for insomnia (CBT-I) program aimed at helping patients improve their sleep quality and quantity. This initiative, funded by a grant from the Richard King Mellon Foundation, is a collaborative effort between the AHN Primary Care Institute, the AHN Psychiatry & Behavioral Health Institute, and Highmark Health.
The cognitive behavioral therapy market covered in this report is segmented -
1) By Type: Cognitive Behavioral Therapy, Cognitive Behavioral Play Therapy, Desensitization, Aversion Therapy, Other Types
2) By Age Group: Children, Adult, Geriatric
3) By Applications: Anxiety Disorders, Depression, Substance Abuse, Post-Traumatic Stress Disorder (PTSD), Eating Disorders, Attention Deficit Hyperactivity Disorder (ADHD), Bipolar Disorders, Other Applications
4) By Service Provider: Hospitals And Clinics, Specialty Hospitals, Rehabilitation Centers, Home Care, Other Service Providers
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Major companies operating in the cognitive behavioral therapy market are Universal Health Services Inc., Magellan Health, Acadia Healthcare Company, Headspace Inc., American Addiction Centers Inc., Behavioral Health Group Inc., American Well Corp., Landmark Recovery, Haven Behavioural Healthcare Inc., Ieso Digital Health Ltd., Talkspace Inc., Springstone Inc., Unmind, TherapyNotes LLC, Woebot Health, Big Health, Pear Therapeutics Inc., SilverCloud Health Inc., eMindful Inc., Thrive Therapeutic Software Limited, Cognoa Inc., Therachat, Spring Care Inc., Minddistrict, Sanvello
Contents of the report:
1. Executive Summary
2. Cognitive Behavioral Therapy Market Report Structure
3. Cognitive Behavioral Therapy Market Trends And Strategies
4. Cognitive Behavioral Therapy Market - Macro Economic Scenario
5. Cognitive Behavioral Therapy Market Size And Growth
…..
27. Cognitive Behavioral Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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