Overview

Learned growth: Revenue will rise as more patients visit behavioral therapists

IBISWorld’s Behavioral Therapists market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth
12-17
2.8%
Annual Growth
17-22
Profit
Employment
112,113
Business
68,370

Industry Threats & Opportunities

  • Thanks to healthcare reform, millions of individuals are expected to gain access to behavioral health coverage by 2020
  • Some cities have implemented mental health programs to cut Medicaid costs
  • Behavioral therapists will work with other healthcare providers to streamline patient care

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    Industry Analysis & Industry Trends

    Over the past five years, the Behavioral Therapists industry fared well. Many individuals with behavioral health ailments also have coexisting physical health conditions, which strains the US healthcare system. This is because behavioral issues can complicate patients' treatment for other medical conditions, increasing patients' risk for hospitalization due to behavioral health issues hindering treatment. Although industry operators contended with limited state funding toward mental health services, some states are taking the initiative to increase their funding. Over the five years to 2022, demand for behavioral therapists is anticipated to increase, as a result of more individuals receiving preventive services, such as behavioral health screenings...

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    Industry Report - Industry Investment Chapter

    The Behavioral Therapists industry is characterized by a low level of capital intensity. In 2017, for every dollar spent on wages, the industry incurs an estimated $0.04 in capital expenditures. Overall, wage costs account for the largest cost for the industry, accounting for an estimated 44.9% of total industry revenue. Typically, to provide industry services, behavioral therapists need to examine patient's personalities, skills and abilities, as well as develop individually tailored treatment plans. As a result, the industry is labor-intensive, due to the high level of care that behavioral therapists need to provide to their patients.

    Comparatively, the industry does not significantly rely on capital to provide behavioral therapy. Whi..

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    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Healthcare reform
  • 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

  • Products & Markets
    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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and utilities
  • Administrative expenses
  • 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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Behavioral Therapists Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Federal funding for Medicare and Medicaid (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

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    • Identify threats and opportunities
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    • 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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