According to research from the Centers for Disease Control and Prevention, an estimated 50.0% of all Americans will develop some sort of mental illness in their lifetime that requires behavioral therapy. Furthermore, many individuals with behavioral health ailments also have coexisting physical health conditions. This factor strains the US healthcare system because behavioral issues can complicate patients' treatment for other medical conditions or amplify current medical issues. Although Behavioral Therapists industry operators contended with limited state funding toward mental health services, some states are taking the initiative to increase their funding. Due to healthcare reform's expansion of the Mental Health Parity and Addiction Equity Act, an estimated 32.0 million individuals are expected to gain access to behavioral health coverage by 2020. As a result of more individuals receiving preventive services, such as behavioral health screenings, demand for behavioral therapists is anticipated to increase.
This industry includes health practitioners primarily engaged in the independent practice of psychotherapy designed to eliminate undesired behaviors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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