Psychologists, Social Workers & Marriage Counselors in the US - Industry Market Research Report

Psychologists, Social Workers & Marriage Counselors in the US

The Psychologists, Social Workers and Marriage Counselors industry includes nonphysician mental health practitioners that diagnose and treat mental, emotional and behavioral disorders. Due to the necessity of industry services, the industry generally thrives even during poor economic conditions. For example, mental health services are in high demand during the currently inflationary environment due to stresses caused by the uncertain future. No wonder industry revenue will grow at a CAGR of 5.0% to $26.2 billion in 2023, including 2.3% in 2023 alone.

This industry is composed of mental health practitioners that diagnose and treat mental, emotional and behavioral disorders brought about by mental illness, substance abuse or physical and emotional trauma. These practitioners include psychologists, social workers and marriage counselors. The industry excludes mental health professionals that have a Doctor of Medicine degree or a Doctor of Osteopathy degree; they are classified under IBISWorld reports 62111a and 62111b.

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 shares."