Music Therapy Market Size, Share, Growth Analysis, By Type(Type 1, Type 2, Type 3, Others), By Application(Hospitals, schools, rehabilitation centres, prisons (correctional facilities)), By Region - Industry Forecast 2024-2031

Global Music Therapy Market size was valued at USD 2.4 billion in 2019 and is poised to grow from USD 2.62 billion in 2023 to USD 5.73 billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).

The market for global music therapy is driven by the demand owing to its benefits such as stress reduction, mood enhancement, and self-expression It is a well-established evidence-based treatment in the medical world. Singing, listening, playing instruments, or making music are all examples of music therapy experiences.

In the era of news journalism that reports violence, and natural catastrophes every minute, there is a need for a proper alternative to develop coping mechanisms.  Cultural methods are crucial in assisting communities in their recovery from trauma. Sports and games, for example, have been employed in a variety of situations with persons suffering from post-traumatic stress disorder. Other arts-based therapies, such as reading or creative writing, have also been shown to be effective in dealing with the aftermath of traumatic experiences. Besides, music therapies are gaining a lot of momentum in the young population.

US Music Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.