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Psychiatric Hospitals in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Psychiatric Hospitals Market Research Report | NAICS 62221 | Apr 2017

The diagnosis: Reduced stigmas toward mental illness will continue to bolster demand

The Psychiatric Hospitals market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 12-17
3.1%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
244,973
Businesses
717
Industry Threats & Opportunities
  • Growing acceptance of mental illness will drive industry revenue growth
  • As the prevalence of mental illness increases, so does demand for industry services
  • The industry is expected to continue benefiting from reduced stigma surrounding mental illness
  • ... purchase to read more

Industry Analysis & Industry Trends

Expansion of Medicare and Medicaid have had a significant effect on the Psychiatric Hospitals industry. In addition, wider acceptance and prevalence of mental illness has supported demand for behavioral health treatment. Psychiatric hospitals also often admit patients after they have been recommended by mental health clinics or private therapists, so growth in these industries supports the industry. As a result of these factors, the Psychiatric Hospitals industry is expected to grow over the five years to 2017. Over the next five years, the sustained influx of patients resulting from expanded public and private healthcare coverage and prevalence of mental illness is projected to cause revenue to increase... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

Although consolidation has been on the up in recent years, the Psychiatric Hospital industry remains fragmented, with the three largest industry companies accounting for 23.9% of industry revenue in 2017. Concentration can be particularly high within some geographic regions, since location is a key success factor; once a large psychiatric hospital has established itself in a market, it is more difficult for a small company to compete.

Consolidation is a method to reduce costs and increase negotiating power with managed care organizations (MCOs). As the government looks for methods to limit healthcare spending, psychiatric hospitals are facing threats to Medicare and Medicaid reimbursement rates. With the hospital industry agreeing to $155.0 bi.. ... purchase to read more

Additional Insights for the Psychiatric Hospitals Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Psychiatric Hospitals Industry are

  • Recommendation/accreditation from an authoritative source
  • Access to highly skilled workforce
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in the Psychiatric Hospitals industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Psychiatric Hospitals Industry?

    This industry includes establishments licensed to provide diagnostic and medical treatment, as well as monitoring services for inpatients suffering from mental illness or substance abuse disorders. These establishments 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 (see IBISWorld report 62322, Mental Health and Substance Abuse Centers).

    Industry Products
    Patient care for mental disordersOther patient careAssisted living servicesAcute long-term care services
     
    Industry Activities
    Inpatient medical treatment of mental illnessInpatient medical treatment of substance abuseProviding outpatient medical servicesProviding clinical laboratory servicesProviding electroencephalograph services


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Per capita disposable income
  • Demand from mental health and substance abuse clinics
  • National unemployment rate
  • Current Performance
  • Effects of legislation
  • Mental healthcare awareness
  • Sector-wide consolidation
  • Chart: Revenue Growth
  • Industry Outlook
  • Consolidation and expansion
  • Rising costs
  • Table: Psychiatric Hospitals Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Psychiatric Hospitals Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers
  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Employment & Recruiting Agencies
  • Generic Pharmaceutical Manufacturing
  • Janitorial Services
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Primary Care Doctors
  • Specialist Doctors
  • Waste Collection Services
  • Products & Services
  • Patient care for mental disorders
  • Other
  • Other patient care
  • Assisted living services
  • Acute long-term care services
  • Chart: Psychiatric Hospitals Industry Products and Services Segmentation
  • Demand Determinants
  • Societal
  • Financial
  • Medical
  • Major Markets
  • Females aged 26 to 49
  • Males aged 26 to 49
  • Females aged 50 and older
  • Females aged 18 to 25
  • Males aged 50 and older
  • Males aged 18 to 25
  • People aged 12 to 17
  • People aged younger than 11
  • Chart: Major Market Segmentation for the Psychiatric Hospitals Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Psychiatric Hospitals
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Psychiatric Hospitals Industry
  • Industry Globalization
    Major Companies
    Universal Health Services, Inc.
  • Table: Universal Health Services, Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Psychiatric Hospitals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Psychiatric Hospitals Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Psychiatrist
  • A professional who has completed both medical school and training in psychiatry and is a specialist in diagnosing and treating mental illness.
  • Accreditation
  • A seal of excellence that signifies a healthcare program has demonstrated quality, value and optimal outcomes of services.
  • Behavioral Healthcare
  • An encompassing term including assessment and treatment of mental or psychoactive substance abuse disorders.
  • Community-Based Treatment
  • A method of treatment that focuses on the interpersonal services offered to an individual through a system of community support.
  • Freestanding
  • An independent or autonomous facility that is not associated with another hospital or organization.
  • Mental Health Parity
  • An equivalence, or parity, in insurance coverage of mental and physical illnesses.
  • Payer
  • The public or private organization that is responsible for payment of healthcare expenses.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Psychiatric Hospitals:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Psychiatric Hospitals market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Psychiatric Hospitals, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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