Stress Management Industry Expands During COVID-19 Woes — But Not Pills

WELLESLEY, Mass., June 17, 2020 (Newswire.com) - The global market for stress management treatments should reach $20.6 billion by 2024, growing 3.7% annually, according to the latest report by BCC Research, Stress Management Industry: Global Trends.

Trends that started long before the present pandemic in the stress management market — stalling growth in antidepressant medications; diminished stigma surrounding mental health; accelerated growth in non-pharmaceutical treatments and devices — are surging due to worldwide uncertainty and fear.

Report Highlights

• The device and non-pharmaceutical segment of the stress management treatments market — while still dwarfed by pharmaceuticals — will grow at more than triple the CAGR of the traditional medicine segment, at 9.3% annually.
   
• Treatments such as transcranial stimulation and electroconvulsive therapy, as well as cognitive therapy interventions, can be remarkably effective for large populations of patients.
   
• The prime market to aim for now is the moderately impaired, well-informed patient population seeking non-pharmacologic interventions based on sound therapy, and increasingly, delivered via mobile and web platforms and devices.

Read the full report here: https://www.bccresearch.com/market-research/healthcare/stress-management-industry-report.html.

“The significance of innovative therapies will attract research institutes, government and private organizations, major hospitals and investment companies to explore the stress management market,” write BCC analysts. “The presence of global giants and emerging players coupled with potential startups paving their way in the stress management market keep the market in trend.”

About BCC Research

BCC Research publishes market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering current and emerging industrial and technology sectors. For more information about BCC Research, visit bccresearch.com.

Source: BCC Research