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Mental Health Practitioners in the US Industry Data and Analysis
Workforce shortages among mental health providers, including psychologists, therapists, counselors and social workers, have constrained industry revenue growth even as demand for services continues to rise. In 2024, 23.4% of US adults experienced a mental illness, while treatment access lagged demand and as of December 2025, roughly 40.0% of the population lived in a federally designated Mental Health Professional Shortage Area. Burnout and turnover also contribute to shortages and regional factors and policy changes add further pressure. Medicare's reimbursement rate for the standard psychiatric diagnostic evaluation fell by roughly 14.0% in 2025. Federal enforcement of mental health parity rules was paused, even as new Certified Community Behavioral Health Clinics, a federally funded model that guarantees higher Medicaid payment rates for participating clinics, began operating in 14 states plus Washington, D.C. Industry revenue is nonetheless expected to climb at a CAGR of 6.7% to reach $43.2 billion by 2026, a significant increase, but one that reflects a one-time step up in demand during the 2021 post-pandemic surge. Yearly growth has slowed since 2024, with only a 1.1% gain in 2026, while profit narrowed.
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What's included in this industry analysis
IBISWorld's research coverage on the Mental Health Practitioners industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released August 2026.
About this industry
What's this industry report about?
The Mental Health Practitioners industry in the United States operates under the NAICS industry code 62133. This industry comprises mental health practitioners who diagnose and treat mental, emotional and behavioral disorders brought about by mental illness, substance abuse, physical and emotional trauma or stress. These practitioners include psychologists, social workers and counselors, and services can be clinical, non-clinical, assessment-related, support-related or management-related. Related terms covered in the Mental Health Practitioners industry in the United States include federally qualified health centers (fqhcs) , prescription digital therapeutic (pdt), medicaid, medicare, industrial and organizational (i-o) psychology and serious psychological distress (spd).
What's included in this industry?
Products and services covered in Mental Health Practitioners industry in the United States include Social workers services (healthcare, mentalhealth and substance abuse, child and family, school), Counselors and Advisors (educational, guidance, career, rehabiliation) and Counselors- Substance abuse, behavioral disorder and mental health.
What companies are included in this industry?
The Mental Health Practitioners industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Mental Health Practitioners industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Mental Health Practitioners industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Mental Health Practitioners industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Mental Health Practitioners industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Mental Health Practitioners industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Mental Health Practitioners industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Mental Health Practitioners industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Mental Health Practitioners industry in the United States.
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Frequently Asked Questions
What is the market size of the Mental Health Practitioners industry in the United States in 2026?
The market size of the Mental Health Practitioners industry in the United States is $43.1bn in 2026.
How many businesses are there in the Mental Health Practitioners industry in the United States in 2026?
There are 324k businesses in the Mental Health Practitioners industry in the United States, which has grown at a CAGR of 8.1 % between 2021 and 2026.
How may import tariffs affect the Mental Health Practitioners industry in the United States?
The Mental Health Practitioners industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Mental Health Practitioners industry in the United States?
The Mental Health Practitioners industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Mental Health Practitioners industry in the United States grown or declined over the past 5 years?
The market size of the Mental Health Practitioners industry in the United States has been growing at a CAGR of 6.7 % between 2021 and 2026.
What is the forecast growth of the Mental Health Practitioners industry in the United States over the next 5 years?
Over the next five years, the Mental Health Practitioners industry in the United States is expected to grow.
What does the Mental Health Practitioners industry in the United States include?
Social workers (healthcare, mental health and substance abuse, child and family and school) and Counselor and Advisors (educational, guidance, carreer and rehabilitation) are part of the Mental Health Practitioners industry in the United States.
How competitive is the Mental Health Practitioners industry in the United States?
The level of competition is moderate and steady in the Mental Health Practitioners industry in the United States.
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