Psychiatric Hospitals in the US - Industry Market Research Report

Psychiatric Hospitals in the US - Industry Market Research Report

Psychiatric Hospitals in the US

According to the National Institute for Mental Health (NIH), in 2020, one in five adults experienced a mental illness, while one in 25 lived with a severe mental illness in the United States. While growing awareness of behavioral health treatment has encouraged individuals to seek treatment, large percentages of unmet mental health need exist in every state, disproportionately in rural areas. Consolidation among hospitals has risen as healthcare facilities acquire localized psychiatric enterprises in pursuit of cost efficiencies, which benefit patients who can access expanded services.

The Psychiatric Hospitals industry includes operators licensed to provide diagnostic and medical treatment, in addition to monitoring services for inpatients suffering from mental illness or substance abuse disorders. These operators maintain inpatient beds and a staff of physicians. Facilities that emphasize counseling for mental health and substance abuse rather than medical treatment are not included in the industry (IBISWorld report 62322).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market