Behavioral Therapy Market size is forecast to reach $187.4 billion by 2025, growing at a CAGR of 8.4% during the forecast period 2020-2025. Behavior therapy or behavioral psychotherapy is a broad term referring to clinical psychotherapy that uses techniques derived from behaviorism. Those who practice behavior therapy tend to look at specific, learned behaviors and how the environment influences those behaviors. Respondent conditioning explanations of behavior influenced early behavior therapy, particularly for the treatment of anxiety. Cognitive behavioral therapy (CBT) is a form of talking therapy which can be used to treat people with a wide range of mental health problems. Applied behavior analysis is yet another form. Growing prevalence of obsessive compulsive disorder owing to depression, rising habits of destructive or unhealthy behaviors among teen individuals, increasing awareness of the available therapeutic options and increased awareness about the mental health are driving the market growth in recent years. In addition, need of Cognitive Behavior Therapy (CBT) to respond to COVID-19 pandemic situation amid lockdown and major market development of key players like Sandoz and Zynerba are other factors driving the growth of the market.
North America dominated the Behavioral Therapy Market in the year 2019 owing to growing cases of mental disorders among the teen population, increasing numbers of psychiatric clinics in local areas and presence of key players in the region. The Behavioral Therapy Market scope for different regions will be provided in the final report.
Growing prevalence of obsessive compulsive disorder owing to depression, rising habits of destructive or unhealthy behaviors among teen individuals and increased awareness about the mental health have helped in significant growth of Behavioral Therapy Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Behavioral Therapy Market report.
Lack of awareness about health disorders and therapies in less developed countries is anticipated to hamper the market growth of the Behavioral Therapy Industry.
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Drivers – Behavioral Therapy Market
Growing prevalence of obsessive compulsive disorder
Increased awareness about the mental health
Behavioral Therapy Industry Outlook
Behavioral Therapy Market top 10 companies are Allergan, Inc., Novartis AG, Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Zynerba Pharmaceuticals, Apotex Inc., Sandoz AG, Strides Arcolab Ltd., TOLMAR Pharmaceuticals, Inc. and Limbix among others.
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