PUBLISHER: Grand View Research | PRODUCT CODE: 1044745
PUBLISHER: Grand View Research | PRODUCT CODE: 1044745
U.S. Psychiatry Clinic Market Size, Share & Trends Analysis Report By Age Group (Adult, Paediatric), And Segment Forecasts, 2022 - 2030
U.S. Psychiatry Clinic Market Growth & Trends:
The U.S. psychiatry clinic market size is expected to reach USD 34.1 billion by 2030, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2022 to 2030. Increased prevalence of mental illness in the U.S resulting in higher demand for psychiatric services is the key factor driving the market.
As per the Anxiety & Depression Association of America, nearly 18% of the U.S. population has anxiety disorders. Around 41% of the U.S. population has mental disorders in 2020 according to the latest research report published by Kaiser Family Foundation (KFF). There is high unmet demand for mental health services in the U.S. As per Mental Health America, more than 50% of youth having depression & anxiety disorder have not received treatment. Moreover, 26% of adults have been reported to have an unmet requirement for mental health services
The COVID-19 pandemic had a huge impact on the market. Psychiatric clinics faced a huge revenue drop because of service restrictions & drop in occupancy as a result spread of infection within the psychiatric clinics & hospitals. New rules have been in place for these facilities with restrictions on staff, occupancy & visitors. Telepsychiatry services by psychiatric clinics during pandemic is providing great accessibility to the treatment. Telepsychiatry is expected to play a crucial role post-pandemic as well helping in effective managing the high demand. The market has a huge scope with the technological growth & attention towards mental health as a priority by the government.
U.S. Psychiatry Clinic Market Report Highlights:
- In terms of age group, the adult segment dominated the U.S. psychiatry clinic in 2021 as a result of the high disease prevalence of mental illness in the adult population.
- The market is witnessing higher demand because of favorable insurance coverage making the treatment affordable to patients and the rising disease prevalence.
- Collaborations and facility expansion are the key strategic initiatives undertaken by psychiatric clinics to gain market share. For Instance, in March 2021, Acadia Healthcare partnered with Geisinger Health for building new behavioral health facilities in Pennsylvania.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Estimates and Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis
- 1.7 List of Secondary Sources
- 1.8 List of Abbreviations
- 1.9 Objectives
- 1.9.1 Objective 1
- 1.9.2 Objective 2
- 1.9.3 Objective 3
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.2.1 Age Group
- 2.3 Competitive Insights
Chapter 3 Market Variables, Trends, & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.1.2 Related/Ancillary market outlook
- 3.2 Market Dynamics
- 3.2.1 Market Driver Analysis
- 3.2.1.1 Increasing prevalence of psychiatric disorders
- 3.2.1.2 Favourable health reimbursement
- 3.2.1.3 Increasing demand for mental health services
- 3.2.2 Market Restraint Analysis
- 3.2.2.1 Social stigma associated with psychiatric treatment
- 3.2.2.2 High cost of treatment
- 3.2.1 Market Driver Analysis
- 3.3 Business Environment Analysis Tools
- 3.3.1 PESTLE Analysis
- 3.3.1.1 Political & legal landscape
- 3.3.1.2 Economic & Social Landscape
- 3.3.1.3 Technological landscape
- 3.3.2 Porter's Five Forces Analysis
- 3.3.2.1 Competitive rivalry: High
- 3.3.2.2 Bargaining power of suppliers: Moderate
- 3.3.2.3 Bargaining power of buyers: Low
- 3.3.2.4 Threat of new entrants: Moderate
- 3.3.2.5 Threat of substitutes: High
- 3.3.1 PESTLE Analysis
- 3.4 Penetration & Growth Prospect Mapping
- 3.5 Impact of COVID-19: Qualitative Analysis
Chapter 4 U.S. Psychiatry Clinic Market: Age Group Analysis
- 4.1 U.S. Psychiatry Clinic Market Share Analysis, 2021 & 2030
- 4.2 Segment Dashboard
- 4.3 Market Size & Forecasts and Trend Analysis, 2016 to 2030 for the Age Group
- 4.3.1 Adult
- 4.3.1.1 Adult market, 2016 - 2030 (USD Billion)
- 4.3.2 Pediatrics
- 4.3.2.1 Pediatrics market, 2016 - 2030 (USD Billion)
- 4.3.1 Adult
Chapter 5 Competitive Analysis
- 5.1 Recent Developments & Impact Analysis, by Key Market Participants
- 5.2 Competition Categorization
- 5.3 Company Market Position Analysis
- 5.4 Company Profiles
- 5.4.1 Universal Health Services, Inc.
- 5.4.1.1 Company overview
- 5.4.1.2 Financial performance
- 5.4.1.3 Service benchmarking
- 5.4.2 Langley Porter Psychiatric Hospital
- 5.4.2.1 Company overview
- 5.4.2.2 Service benchmarking
- 5.4.3 Bellevue Hospital NYC Health
- 5.4.3.1 Company Overview
- 5.4.3.2 Service benchmarking
- 5.4.4 Manhattan Psychiatric Center
- 5.4.4.1 Company overview
- 5.4.4.2 Service benchmarking
- 5.4.5 Menninger Clinic
- 5.4.5.1 Company overview
- 5.4.5.2 Financial Performance
- 5.4.5.3 Service benchmarking
- 5.4.5.4 Strategic initiatives
- 5.4.6 Tucker Psychiatric Clinic
- 5.4.6.1 Company overview
- 5.4.6.2 Financial performance
- 5.4.6.3 Service benchmarking
- 5.4.7 Acadia Healthcare
- 5.4.7.1 Company overview
- 5.4.7.2 Financial performance
- 5.4.7.3 Service Benchmarking
- 5.4.7.4 Strategic initiatives
- 5.4.7.5 SWOT Analysis
- 5.4.8 UCSF Health
- 5.4.8.1 Company overview
- 5.4.8.2 Financial Performance
- 5.4.8.3 Service benchmarking
- 5.4.8.4 Strategic Initiatives
- 5.4.9 Peninsula Behavioural Health
- 5.4.9.1 Company overview
- 5.4.9.2 Financial performance
- 5.4.9.3 Service benchmarking
- 5.4.10 Mayo Clinic
- 5.4.10.1 Company overview
- 5.4.10.2 Financial performance
- 5.4.10.3 Service benchmarking
- 5.4.1 Universal Health Services, Inc.
List of Tables
- Table 1 List of secondary sources
- Table 2 List of abbreviation
- Table 3 Global adults market estimates and forecast, 2016 - 2030 (USD Million)
- Table 4 Global pediatrics market estimates and forecast, 2016 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. psychiatry clinic market segmentation
- Fig. 2 Market research process
- Fig. 3 Data triangulation techniques
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value-chain-based sizing & forecasting
- Fig. 7 QFD modeling for market share assessment
- Fig. 8 Market formulation & validation
- Fig. 9 Market outlook, 2021 (USD Billion)
- Fig. 10 Market trends & outlook
- Fig. 11 Market driver relevance analysis (Current & future impact)
- Fig. 12 Market restraint relevance analysis (Current & future impact)
- Fig. 13 Penetration & growth prospect mapping
- Fig. 14 U.S. psychiatry clinic market: Age group movement analysis (USD Billion)
- Fig. 15 U.S. psychiatry clinic market outlook: Key takeaways (USD Billion)
- Fig. 16 Adult market, 2016 - 2030 (USD Billion)
- Fig. 17 Pediatrics market, 2016 - 2030 (USD Billion)
- Fig. 18 Recent development & impact analysis by key market participants
- Fig. 19 Competition categorization
- Fig. 20 Company market position analysis
