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Behavioral Therapists in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 27, 2023
Length 39 Pages
SKU # IBSS17835461

Description

Behavioral Therapists in the US - Industry Market Research Report

Behavioral Therapists in the US

Rising awareness of mental health treatment's economic, personal and societal benefits has supported behavioral therapists in recent years. According to the Substance Abuse and Mental Health Administration, one in four adults suffers from a mental health condition. In recent years, destigmatizing mental health has encouraged more of these patients to find a behavioral therapist. Other healthcare providers are also increasingly valuing the role of a behavioral therapist in the patient's care journey. Many people with behavioral health conditions have coexisting physical conditions, incentivizing healthcare providers to integrate behavioral therapists to improve patient outcomes and lower costs. Behavioral therapists' growing role in traditional healthcare has been reflected more robustly in employer-sponsored health plans, facilitating access to therapy. A deepening mental health crisis has led revenue to expand at a CAGR of 8.2% over the past five years – including an estimated 1.1% increase in 2023 – when revenue will total an expected $11.0 billion.

The Behavioral Therapists 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.

Table of Contents

39 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
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