PUBLISHER: Grand View Research | PRODUCT CODE: 1493178
PUBLISHER: Grand View Research | PRODUCT CODE: 1493178
The global hypnotherapy market size is expected to reach USD 80.76 billion by 2030, growing at a CAGR of 31.3% over the forecast period, according to a new report by Grand View Research, Inc. The growing need for mental health care services and their rising demand in hospitals, clinics, and private practices are factors driving growth. According to an American Psychological Association study published in November 2022, after the COVID-19 pandemic, the demand for depression & anxiety treatment increased continuously for 3 years. Moreover, the need for treatment of stressor-related disorders & trauma disorders has grown.
Approximately 80% of psychologists state that they have witnessed a surge in the number of patients suffering from anxiety issues since the beginning of the COVID-19 pandemic and over 65% recorded a rise in the demand for depression treatments. The rising number of mental health awareness campaigns plays a vital role in informing the public about the advantages and functions of different therapies. Various mental health awareness campaigns conducted by companies and institutes help reduce misconceptions related to these treatments and promote them as authentic and effective solutions.
For instance, in April 2023, CHARGE Wellness & Hypnotherapy Center introduced a mental health awareness campaign that also launched a new method that involved combining this technique and Neuro-Linguistic Programming (NLP) in the therapy session to promote mental well-being. Furthermore, hypnotherapy is a class of alternative or complementary treatment that employs hypnosis to facilitate individuals in handling their pain. It has been shown to be effective in operating a variety of pain conditions, including chronic & acute pain, cancer pain, and pain associated with other medical procedures, including surgery.