Global Hypnotherapy Market
Dublin, June 12, 2024 (GLOBE NEWSWIRE) — The “Global Hypnotherapy Market Size, Share and Trends Analysis Report by Type (Physical Healing, Mind Healing, Sensory Healing, External Energy), End Use (Offline, Online), Region, Segment Forecast, 2024-2030” report has been published by ResearchAndMarkets.com Recruitment.
The global hypnotherapy market size is expected to reach USD 80.76 billion by 2030, growing at a CAGR of 31.3% during the forecast period. The growing need for mental healthcare services and rising demand in hospitals, clinics, and private practices are the factors driving the growth. According to a survey by the American Psychological Association published in November 2022, the demand for treatment of depression and anxiety has continuously increased for three years following the COVID-19 pandemic. In addition, there is also an increasing need for treatment of stress-related and traumatic disorders.
Around 80% of psychologists say they have seen a surge in the number of patients suffering from anxiety disorders since the COVID-19 pandemic began, and over 65% have recorded an increase in demand for depression treatment. The rise in mental health awareness campaigns plays a key role in informing the public about the benefits and features of different therapies. Various mental health awareness campaigns run by companies and institutions help reduce misconceptions about these therapies and promote them as genuine and effective solutions.
For example, in April 2023, CHARGE Wellness & Hypnotherapy Center introduced a mental health awareness campaign and also introduced a new way to combine the technique with Neuro-Linguistic Programming (NLP) in therapy sessions to promote mental wellness. Additionally, hypnotherapy is a type of alternative or complementary treatment that uses hypnosis to help individuals deal with pain more easily. It has been proven effective in treating a variety of pain conditions, including chronic and acute pain, cancer pain, and pain associated with other medical procedures, including surgery.
Hypnotherapy Market Report Highlights
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Mind healing dominated the type segment with a share of around 40% in 2023 due to its rare ability to access the subconscious mind and drive behavioral change.
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The sensory healing segment is expected to grow at the fastest CAGR during the forecast period.
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The offline segment was expected to account for the largest share of over 55% in 2023, owing to its key advantage of facilitating the development of a personal connection between therapists and patients.
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The online segment is expected to grow at the fastest rate during the forecast period due to its high accessibility to patients.
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In Europe, this trend was particularly pronounced due to rising stress levels among people due to everyday life.
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In March 2023, Mindset Health raised $12 million to expand the application and delivery of its digital hypnotherapy. The company uses app-based audio to help people with chronic conditions manage their health in collaboration with health consultants and clinical research.
Key attributes:
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Report Attributes |
detail |
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number of pages |
120 |
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Forecast Period |
2023 – 2030 |
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Estimated market value in 2023 (USD) |
$12.16 billion |
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Market value forecast to 2030 (USD) |
$80.76 billion |
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Compound Annual Growth Rate |
31.3% |
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Target area |
global |
Key topics:
Chapter 1. Methodology and Scope
Chapter 2 Overview
Chapter 3. Hypnotherapy Market Variables, Trends and Scope
3.1. Market System Outlook
3.2. Market Trends
3.3. Hypnotherapy market analysis tools
Chapter 4 Hypnotherapy Market: Type Estimation and Trend Analysis
4.1. Market share by type, 2023 and 2030
4.2. Segment Dashboard
4.3. Global Hypnotherapy Market Outlook (by Type)
4.4. Market size, forecast and trend analysis from 2018 to 2030
4.4.1. Healing the body
4.4.2. Emotional healing
4.4.3. Sensory healing
4.4.4. External Energy
Chapter 5. Hypnotherapy Market: End-Use Estimation and Trend Analysis
5.1. End-use market share, 2023 and 2030
5.2. Segment Dashboard
5.3. Global Hypnotherapy Market Outlook by End Use
5.4. Market size, forecast and trend analysis from 2018 to 2030
Online
Offline
Chapter 6 Hypnotherapy Market: Regional Estimates and Trend Analysis
6.1. Market share analysis by region, 2023 and 2030
6.2. Regional Market Dashboard
6.3. World Regional Market Snapshot
6.4. Market size and forecast trend analysis, 2018-2030:
Chapter 7 Competitive Environment
7.1. Recent developments and impact analysis by major market participants
7.2. Company/Competitor Classification
7.3. Company Profile
For more information on this report, please visit: https://www.researchandmarkets.com/r/g97f4a
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