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Acute workforce shortages across psychologists, therapists, counselors and social workers constrained revenue growth, despite rising demand for mental health services. In 2024, approximately 23.0% of the US adult population carried a mental illness diagnosis, yet nearly half received no treatment. Approximately 40.0% of the US population resides in a federally designated Mental Health Professional Shortage Area as of December 2025. Burnout among psychologists and accelerating attrition among social workers compound these supply deficits, while marriage and family therapist (MFT) pipelines remain undersupplied relative to caseload demand. Divergent reimbursement policies apply further pressure across payer segments. Medicare reimbursement rates declined 14.0% in 2025, and parity enforcement was suspended, while Certified Community Behavioral Health Clinic (CCBHC) expansion across 18 states is improving Medicaid reimbursement sustainability in participating regions. Despite supply constraints and reimbursement changes, destigmatization has sustained corporate wellness campaigns, spurring engagement and driving industry revenue expected to climb at a CAGR of 3.6% to reach $37.2 billion by 2026, including a 2.5% gain in 2026 alone, while profit declines amid wage inflation.
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IBISWorld's research coverage on the Psychologists, Social Workers & Marriage Counselors industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released April 2026.
The Psychologists, Social Workers & Marriage Counselors 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 marriage counselors. Related terms covered in the Psychologists, Social Workers & Marriage Counselors 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).
Products and services covered in Psychologists, Social Workers & Marriage Counselors industry in the United States include Child, family and school social work, Clinical and school psychologists and Mental health and substance abuse social work.
The Psychologists, Social Workers & Marriage Counselors industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Psychologists, Social Workers & Marriage Counselors 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.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Psychologists, Social Workers & Marriage Counselors 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.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Psychologists, Social Workers & Marriage Counselors 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.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Psychologists, Social Workers & Marriage Counselors 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.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Psychologists, Social Workers & Marriage Counselors 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.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Psychologists, Social Workers & Marriage Counselors 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.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Psychologists, Social Workers & Marriage Counselors 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.
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 Psychologists, Social Workers & Marriage Counselors industry in the United States.
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The market size of the Psychologists, Social Workers & Marriage Counselors industry in the United States is $37.2bn in 2026.
There are 322k businesses in the Psychologists, Social Workers & Marriage Counselors industry in the United States, which has grown at a CAGR of 8.0 % between 2021 and 2026.
The Psychologists, Social Workers & Marriage Counselors industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Psychologists, Social Workers & Marriage Counselors industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Psychologists, Social Workers & Marriage Counselors industry in the United States has been growing at a CAGR of 3.6 % between 2021 and 2026.
Over the next five years, the Psychologists, Social Workers & Marriage Counselors industry in the United States is expected to grow.
Child, family and school social workers services and Clinical and school psychologist services are part of the Psychologists, Social Workers & Marriage Counselors industry in the United States.
The level of competition is moderate and steady in the Psychologists, Social Workers & Marriage Counselors industry in the United States.