Psychiatrists Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the psychiatrists market size evolved in recent years?
The rapid expansion of the psychiatrists market has taken place in the last few years. This market is forecasted to rise from a value of $198.67 billion in 2024 to $220.39 billion in 2025, representing a compound annual growth rate (CAGR) of 10.9%. Factors contributing to the growth in the historic period include increasing awareness about mental health, diminished stigma, policy and insurance backing, lifestyle changes, and advancements in treatment methods.
What are the predictions for the psychiatrists market size in the coming years?
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What key factors are fueling the growth of the psychiatrists market?
The increasing backing from the government for reforms in mental health is predicted to boost the expansion of the psychiatrist market. The impetus for mental health resources resulted in a heightened need for mental care, subsequently steering the market for psychiatrists. The National Institution of Mental Health, a research organization located in the US, revealed in 2022, out of the 59.3 million adults suffering from AMI, around 30.0 million (50.6%) had received treatment for mental health in the preceding year. Hence, the growing governmental support for mental health reforms plays a significant role in fueling the psychiatrist market’s growth.
How is the global psychiatrists market divided into key segments?
The psychiatrists market covered in this report is segmented –
1) By Mental Disorder Type: Alcohol Abuse Mental And Behavioral Disorders, Psychoactive Substance Use Mental And Behavioral Disorders, Schizophrenia, Schizotypal And Delusional Disorders, Mood (Anxiety And Depression) Disorders, and Other Mental And Behavioral Disorders
2) By Patient Type: Inpatient, and Outpatient
3) By Psychology Type: Social, Abnormal, Biological, Other Psychology Types
Subsegments:
1) By Alcohol Abuse Mental And Behavioral Disorders: Alcohol Dependence, Alcohol Abuse
2) By Psychoactive Substance Use Mental And Behavioral Disorders: Opioid Use Disorder, Stimulant Use Disorder, Hallucinogen Use Disorder
3) By Schizophrenia, Schizotypal And Delusional Disorders: Schizophrenia, Schizotypal Disorder, Delusional Disorder
4) By Mood (Anxiety and Depression) Disorders: Major Depressive Disorder, Generalized Anxiety Disorder, Bipolar Disorder
5) By Other Mental And Behavioral Disorders: Attention Deficit Hyperactivity Disorder (ADHD), Post-Traumatic Stress Disorder (PTSD), Obsessive-Compulsive Disorder (OCD)
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Who are the key firms paving the way for growth in the psychiatrists market?
Major companies operating in the psychiatrists market include Massachusetts General Hospital, Mayo Clinic, Universal Health Services Inc., NewYork-Presbyterian University Hospital of Columbia and Cornell, Johns Hopkins Hospital, McLean Hospital, National Center for Neurology and Psychiatry (NCNP), Wenzhou Kangning Hospital, National Institute of Mental Health and Neurosciences (NIMHANS), East London Health and Social Care Partnership NHS Trust, Bethel Foundation, Department of Mental Health and Neurosciences, Vidyasagar Institute of Mental Health and Neurosciences, Central Institute of Psychiatry (CIP), Institute of Behaviour and Allied Sciences (IBAS), The University of Tokyo Hospital, Baillie Henderson Hospital, Graylands Hospital, Seiwa Hospital, Tokyo Metropolitan Matsuzawa Hospital, The University of Tokyo Hospital, Tokyo Saiseikai Central Hospital, St. Luke’s International Hospital, Nightingale Hospital, Tyne and Wear Hospitals NHS Foundation Trust, Forest Independent Hospital, Max Planck Institute of Psychiatry (MPI-P), Spitalul Clinic de Psihiatrie “Dr. Gheorghe Preda”, Psychiatrická klinika 1. LF UK a VFN, National Health Service (NHS), Kursk Clinical Psychiatric Hospital, Menninger Clinic, Sheppard Pratt Health System, Resnick Neuropsychiatric Hospital at UCLA, Centre for Addiction and Mental Health (CAMH), The Royal Hospital for Neuro-disability, Hospital Alemán, Hospital Británico, Al Zahra Hospital, Al Amal Psychiatric Complex, King Faisal Specialist Hospital and Research Centre, Hunterscraig Psychiatric Clinic, Kirkwood Sanatorium, Dr. F Mohomed, Denmar Specialist Psychiatrist Hospital PTY. Ltd., Umzimzulu Hospital
Which trends are expected to transform the psychiatrists market?
Prominent players in the psychiatrists market comprise hospitals and clinics such as Massachusetts General Hospital, Mayo Clinic, and Universal Health Services Inc. Other significant participants include NewYork-Presbyterian University Hospital of Columbia and Cornell, Johns Hopkins Hospital, McLean Hospital, National Center for Neurology and Psychiatry (NCNP), Wenzhou Kangning Hospital, National Institute of Mental Health and Neurosciences (NIMHANS), East London Health and Social Care Partnership NHS Trust, to name a few. The market also sees participation from Bethel Foundation, Department of Mental Health and Neurosciences, Vidyasagar Institute of Mental Health and Neurosciences, Central Institute of Psychiatry (CIP), Institute of Behaviour and Allied Sciences (IBAS), and The University of Tokyo Hospital. Baillie Henderson Hospital, Graylands Hospital, Seiwa Hospital, Tokyo Metropolitan Matsuzawa Hospital, Tokyo Saiseikai Central Hospital, St. Luke’s International Hospital, among others are key players too. Other noteworthy players include Nightingale Hospital, Tyne and Wear Hospitals NHS Foundation Trust, Forest Independent Hospital, Max Planck Institute of Psychiatry (MPI-P), and Spitalul Clinic de Psihiatrie “Dr. Gheorghe Preda”. The market also features Psychiatrická klinika 1. LF UK a VFN, National Health Service (NHS), Kursk Clinical Psychiatric Hospital, Menninger Clinic, Sheppard Pratt Health System, Resnick Neuropsychiatric Hospital at UCLA, and Centre for Addiction and Mental Health (CAMH). The psychiatrists market further includes The Royal Hospital for Neuro-disability, Hospital Alemán, Hospital Británico, Al Zahra Hospital, Al Amal Psychiatric Complex, King Faisal Specialist Hospital and Research Centre, and a number of other players. Additional participants like Hunterscraig Psychiatric Clinic, Kirkwood Sanatorium, Dr. F Mohomed, Denmar Specialist Psychiatrist Hospital PTY. Ltd., and Umzimzulu Hospital also shape this vital market.
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What regions are contributing significantly to the growth of the psychiatrists market?
North America was the largest region in the Psychiatrists market in 2024. The regions covered in the psychiatrists market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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