Cognitive bias modification (CBM) is an innovative approach for modifying cognitive biases that confer vulnerability to anxiety. CBM interventions are developed to modify attention and interpretation biases, as a result of repeated practice of cognitive tasks. CBM changes the way a person attends or interprets their environment. CBM was initially used for healthy populations, but now, its use is extended to treat psychological disorders such as anxiety, addiction, and depression. Cognitive Bias Modification Therapy (CBMT) is made up of simple computer-based tasks that are designed to re-program harmful thought patterns. Physical presence of therapist is not required as the process can be carried out alone or with some traditional therapies. As a result, it is viewed as one of the most cost-effective and simple intervention for the above mentioned disorders. Types of cognitive bias modification treatment include attention bias modification, interpretation bias modification, and approach bias modification.
Market Dynamics
The increasing prevalence of anxiety, stress, depression, and disorders caused by smoking and alcohol is expected to drive the market growth over the forecast period. Moreover, in todays' era, where the usage of smartphones have been increased drastically, the demand for cognitive bias modification treatment is expected to increase, as cognitive bias modification treatment involves the usage of smartphone-based applications and games.
For instance, according to the Anxiety and Depression Association of America, an international non-profit organization, anxiety disorders is the most common mental illness prevailing in the U.S. Moreover, according to the same source, about 40 million adults or over 18% of the adult population in the U.S. is affected by anxiety disorders every year.
Key features of the study:
- This report provides an in-depth analysis of the global cognitive bias modification treatment market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cognitive bias modification treatment market based on the following parameters-company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Cognitive Training Solutions Pty Ltd t/as SWiPE Brain Training, Wise Therapeutics, Mental Mint, MindHabits, Youper Inc., Aralus Digital, and Avegen Health
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global cognitive bias modification treatment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cognitive bias modification treatment market
Detailed Segmentation:
- Global Cognitive Bias Modification Treatment Market, By Type:
- Attention bias modification
- Interpretation bias modification
- Approach bias modification
- Global Cognitive Bias Modification Treatment Market, By Tool Type:
- Dot-probe task
- Visual-probe task
- Others
- Global Cognitive Bias Modification Treatment Market, By Application:
- Social Anxiety
- Alcohol use
- Smoking
- Others
- Global Cognitive Bias Modification Treatment Market, By Region:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- GCC
- Israel
- Rest of Middle East
- Africa
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Cognitive Training Solutions Pty Ltd t/as SWiPE Brain Training*
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Wise Therapeutics
- Mental Mint
- MindHabits
- Youper Inc.
- Aralus Digital
- Avegen Health
"*" marked represents similar segmentation in other categories in the respective section.