Talk it out: Healthcare reform and rising demand will boost industry revenue

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
4.0%
Forecast Growth 18-23
Profit
Employment
108,355
Businesses
71,574
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Due to healthcare reform, millions of individuals are expected to gain access to behavioral health coverage
  • Some cities have implemented mental health programs to cut Medicaid costs
  • Behavioral therapists will work with other healthcare providers to streamline patient care
  • Industry Report - Industry Products Chapter

    Mental illnessMental illness affects an estimated 43.8 million adults each year, according to NAMI, and primarily include anxiety disorders, impulse-control disorders and mood disorders.Anxiety disorders include panic disorder, agoraphobia, social phobia, generalized anxiety disorder, post-traumatic stress disorder, obsessive-compulsive stress disorder and adult separation anxiety disorder. Those suffering from anxiety disorders feel anxiety toward events in the future and fear current events. Most behavioral therapists use cognitive behavioral therapy (CBT) to treat anxiety. CBT helps the patient change their reactions to anxiety-provoking events by teaching them to question how they know others are always passing harsh judgment on them. Beh...purchase to read more.

    Additional Insights for the Behavioral Therapists Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Behavioral Therapists Industry are

  • Having a good reputation
  • Proximity to key markets
  • Specialization
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Divorce rate in the Behavioral Therapists industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Divorce rate
  • Number of people with private health insurance
  • Number of K-12 students
  • Per capita disposable income

  • Current Performance
  • Industry landscape
  • Strain on hospitals’ emergency departments
  • Enterprises and wages
  • Chart: Revenue Growth

  • Industry Outlook
  • Integrating patient care
  • Expanding insurance coverage
  • Rising operations and employment
  • Table: Behavioral Therapists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Behavioral Therapists Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Human Resources & Benefits Administration
  • Educational Services
  • Consumers

  • Key Selling Industries
  • Correctional Facilities
  • Nursing Care Facilities
  • Primary Care Doctors
  • Psychiatric Hospitals
  • Specialist Doctors

  • Products & Services
  • Mental illness
  • Substance abuse disorder
  • Mental illness and substance abuse disorder
  • Chart: Behavioral Therapists Industry Products and Services Segmentation

  • Demand Determinants
  • The economy
  • Health trends

  • Major Markets
  • Government (includes Medicare, Medicaid and Other)
  • Private health insurance
  • Patient out-of-pocket
  • Other
  • Chart: Major Market Segmentation for the Behavioral Therapists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages and depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Behavioral Therapists

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Behavioral Therapists Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Behavioral Therapists Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Behavioral Therapists Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Medicaid
  • A jointly funded cooperative venture between the federal and state governments to assist states in the provision of medical care to eligible needy people.
  • Medicare
  • A federally administered system of health insurance available to people aged 65 and over.
  • Mental Health Parity
  • Legislation signed into law in 1996 that requires that dollar limits on mental health benefits be no lower than any such limits for benefits offered by a group health plan or health insurance issuer.
  • Outpatient
  • A patient who receives treatment at a hospital or clinic but is not admitted overnight; a receiver of ambulatory care.
  • What Our Customers Say

    Why buy this report?

    The Behavioral Therapists Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Behavioral Therapists:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Behavioral Therapists market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Behavioral Therapists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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