Cognitive behavioural therapy (CBT) is a form of psychotherapy for the cure of dissimilar mental health-concerned issues likewise anxiety disorders, mood disorders, substance abuse disorders, personality disorders, and courtesy deficit disorders. Such therapies are functioned to substitute the bad habits with the good ones and to support the individual to maintain challenging situations in life.
According to the report analysis, ‘Cognitive Behavioral Therapy Market: Current Analysis and Forecast (2021-2027)’ states that the requirement for Cognitive Behavioural Therapy is mainly growing on account of the increasing incidences of obsessive-compulsive disorder (OCD), growing cases of depression, augmented awareness concerning mental health & available therapeutic options, and intensifying bad behaviours amongst teen individuals. However, some of the restraints in the market comprise limited admittance to mental health care providers and a shortage of knowledge concerning mental health in less developed regions.
Based on Type, the market is fragmented into Cognitive Behavioral Therapy, Cognitive Behavioural Play Therapy, System, Desensitization, Aversion Therapy, and several others. Cognitive Behavioural Therapy registered for the largest share during 2020 is projected to account a lucrative CAGR throughout the forecast period. As the name indicates, Cognitive Behavioral Therapy includes two major components such as cognitive therapy which investigates how negative thoughts underwrite to anxiety, and behaviour therapy investigates how you behave and react in situations that generate anxiety. The increasing prevalence of mental health disorders such as anxiety disorders, depression, substance abuse, PTSD (post-traumatic stress disorder) influences the market growth. As per the World Health Organization (2020), Depression is the leading cause of disability around the world, and more than 264 million individuals suffer from depression around the globe.
Based on Patient Type, the market is classified into Children and Adults. The Adult segment accounted for the greatest share during 2020 is projected to register a lucrative CAGR throughout the forecast period due to the high prevalence of mental disorders and unhealthy lifestyles.
Based on Treatment Settings, the market is classified into Hospitals, Outpatient Clinics, Community Health Centers, and several others. The Outpatient Clinics registered the market in 2019 and is projected to account the greatest growth during the forecast period. The flexibility of the outpatient clinics makes it feasible for the patient to attend the appointment throughout the daytime and to be with their family in the evenings. As per a study conducted by the American Journal of Psychiatry, with the implementation of Electronic Health Records (EHR) in the outpatient clinic the number of suicide deaths can be safeguarded. The augment in outpatient clinics for mental health facilities also influences the market growth.
Whereas, the North America and Europe collectively registered for the greatest share of global behavior therapy market. This is owing to the existence of large patient population around the regions. Also, heavy work situations that results in several mental medical conditions has also contributed strongly in sharing large revenue share of the global behavioural market. Asia-Pacific is projected to see greatest growth rate during the forecast period due to aging population. Therefore, in the near years, it is predicted that the market of cognitive behavioural therapy will increase around the globe more actively over the near years.
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Global Cognitive Behavioral Therapy Market
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