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Psychiatric Hospitals in the US Industry Data and Analysis
Psychiatric hospitals face mounting operational pressures as chain consolidation fundamentally reshapes competitive dynamics and market structure. Psychiatric facilities account for 13.6% of US hospitals, with major for-profit chains that are expanding their market presence and altering how psychiatric care is delivered and financed across the industry. Chain ownership provides critical competitive advantages by leveraging economies of scale to negotiate favorable insurance reimbursement rates, offer competitive compensation packages to attract skilled mental health professionals and implement AI technology, all of which create higher barriers to new entrants. Meanwhile, the advent of integrated primary care models has positively impacted the industry by integrating outpatient hospital services into care delivery systems. Supported by a strong economy with robust economic demand and reimbursement funding, industry revenue is expected to climb at a CAGR of 1.3% through 2026, reaching $36.6 billion, with a 2.9% increase in 2026 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Psychiatric Hospitals industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Psychiatric Hospitals industry in the United States operates under the NAICS industry code 62221. The Psychiatric Hospitals industry comprises facilities licensed to offer diagnostic, medical treatment and monitoring services for inpatients with mental illness or substance use disorders. These establishments provide inpatient beds and are staffed by physicians. Related terms covered in the Psychiatric Hospitals industry in the United States include payer, accreditation , behavioral healthcare, community-based treatment, psychiatrist, mental health parity, freestanding and the centers for medicare & medicaid (cms).
What's included in this industry?
Products and services covered in Psychiatric Hospitals industry in the United States include Inpatient care for mental disorders, Outpatient care for mental disorders and Other revenue sources.
What companies are included in this industry?
Companies covered in the Psychiatric Hospitals industry in the United States include Universal Health Services, Inc. and Acadia Healthcare Company, Inc.
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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals 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 Psychiatric Hospitals industry in the United States.
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Frequently Asked Questions
What is the market size of the Psychiatric Hospitals industry in the United States in 2026?
The market size of the Psychiatric Hospitals industry in the United States is $36.6bn in 2026.
How many businesses are there in the Psychiatric Hospitals industry in the United States in 2026?
There are 417 businesses in the Psychiatric Hospitals industry in the United States, which has declined at a CAGR of 0.0 % between 2021 and 2026.
How may import tariffs affect the Psychiatric Hospitals industry in the United States?
The Psychiatric Hospitals 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 Psychiatric Hospitals industry in the United States?
The Psychiatric Hospitals 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 Psychiatric Hospitals industry in the United States grown or declined over the past 5 years?
The market size of the Psychiatric Hospitals industry in the United States has been growing at a CAGR of 1.3 % between 2021 and 2026.
What is the forecast growth of the Psychiatric Hospitals industry in the United States over the next 5 years?
Over the next five years, the Psychiatric Hospitals industry in the United States is expected to grow.
What are the biggest companies in the Psychiatric Hospitals industry in the United States?
The biggest companies operating in the Psychiatric Hospitals industry in the United States are Universal Health Services, Inc. and Acadia Healthcare Company, Inc.
What does the Psychiatric Hospitals industry in the United States include?
Inpatient care for mental disorders and Outpatient care for mental disorders are part of the Psychiatric Hospitals industry in the United States.
Which companies have the highest market share in the Psychiatric Hospitals industry in the United States?
The company holding the most market share in the Psychiatric Hospitals industry in the United States is Universal Health Services, Inc..
How competitive is the Psychiatric Hospitals industry in the United States?
The level of competition is moderate and steady in the Psychiatric Hospitals industry in the United States.
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