SOMATIC THERAPY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America Somatic Therapy Market Trends

North America's leading position in the somatic therapy industry in 2024, with a 36.2% share. This can be attributed to the robust presence of key market players such as somatic experiencing in the U.S, enhanced accessibility to advanced therapies, and supportive government policies fostering innovation. Well-established healthcare infrastructure and high healthcare expenditure have also contributed to North America's leadership position.

Asia Pacific Somatic Therapy Market Trends

The Asia Pacific region is expected to exhibit the fastest growth with a share of 29.7% in 2024, driven by growing medical tourism, rising disease prevalence, increasing awareness regarding novel treatments, and government efforts to strengthen regional healthcare systems. Countries like China and India are expected to witness higher adoption of somatic therapies in the coming years.

Somatic Therapy Market Outlook for Key Countries

U.S. Somatic Therapy Market Trends

The U.S. somatic therapy industry is driven by the increasing prevalence of mental health disorders. The National Institute of Mental Health reported that nearly 1 in 5 adults live with a mental illness as of June 2023. This growing awareness has led to a surge in demand for holistic therapies.

U.K. Somatic Therapy Market Trends

In March 2023, the U.K.'s National Health Service (NHS) launched initiatives like mental health and wellbeing plan to enhance mental health care by incorporating digitally enabled therapies into treatment plans for anxiety and depression. These efforts aimed to improve accessibility and provide patients with a broader range of therapeutic options.

Australia Somatic Therapy Market Trends

Australia somatic therapy industry is bolstered by government initiatives promoting mental health awareness. In April 2023, the Australian government announced a funding of US$ 14 million for mental health services, including somatic therapies, to improve community health outcomes.

Canada Somatic Therapy Market Trends

Canada somatic therapy market is witnessing a growing acceptance of holistic health approaches. A report from Health Canada in June 2023 revealed that 30% of Canadians have used some form of complementary therapy, including somatic practices, in the past year.