According the National Institute for Mental Health, an estimated one in five adults in the United States lives with a mental illness. Although operators in the Behavioral Therapists industry have contended with limited state funding toward mental health services, some states are taking the initiative to increase their funding. For example, 29 states and the District of Columbia increased their mental health funding in 2015, according to the National Alliance on Mental Illness. Furthermore, as more patients have visited behavioral therapists to address numerous ailments, including anxiety, substance abuse and personality disorders, industry revenue has increase over the five years to 2019. Over the five years to 2024, industry revenue is forecast to continue increasing. Due to healthcare reform expansion, an estimated 32.0 million individuals are expected to gain access to behavioral health coverage by 2020. This projected increase will likely generated increase demand for industry services over the next five years.
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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