$32.6bn
$X.Xbn
326k
16,460
$XX.Xbn
Rising awareness of the economic, personal and societal benefits of mental health and substance abuse treatment has supported the development of mental health and substance abuse clinics. Outpatient clinics’ expansion has been vital, as growing rates of mental illness and a worsening opioid epidemic bolster the need for comprehensive treatment. Rising incomes and broader insurance coverage have also facilitated treatment access in recent years. The COVID-19 pandemic accelerated the extent of the mental health crisis in the US, straining an already overburdened industry. Federal funding helped clinics survive the pandemic, but inflation, workforce shortages and an evolving regulatory environment are challenging outpatient providers even as the need for outpatient treatment climbs to an all-time high. Despite recent challenges, revenue has been expanding at a CAGR of 3.1% to an estimated $32.6 billion over the past five years, including expected growth of 4.8% in 2023.
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated $32.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Universal Health Services, Inc. | 313.7 | 31.9 | 10.2 | |
Bay Cove Human Services, Inc. | 178.6 | 5.7 | 3.2 | |
Acadia Healthcare Company, Inc. | 27.4 | 2.7 | 9.7 |
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Industry revenue is measured across several distinct product and services lines, including Outpatient treatment for co-occurring disorders, Outpatient treatment for substance-use disorders only and Outpatient treatment services for mental disorders only. Outpatient treatment for co-occurring disorders is the largest segment of the Mental Health & Substance Abuse Clinics in the US.
COVID-19 exacerbates the need for mental illness treatment
Mental health and substance abuse clinics are medical facilities providing outpatient treatment for individuals facing challenges related to mental health issues or substance abuse.
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NAICS 62142 - Mental Health & Substance Abuse Clinics in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic deepened a mental health crisis. Unprecedented rates of mental illness and an opioid crisis are straining the infrastructure of outpatient mental health clinics ...
Learn about an industry's products and services, markets and trends in international trade.
Medicaid is the single largest payer of mental health services. Mental health clinics rely on Medicaid reimbursements more than any other revenue source.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Mental health clinics focus on metropolitan areas. Metro areas have larger patient pools, larger concentrations of mental health providers and high reported rates of mental i...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Clinical outcomes measure how successful clinics’ treatments are. Patients and their families seek out clinics with established histories of patient success stories.
Learn about the performance of the top companies in the industry.
Mental health care delivery is fragmented. Mental health and substance abuse clinics are developed to serve local areas based on the level of need in the area, limiting any o...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Substance Abuse and Mental Health Services Administration allocates billions in funding to mental health and substance abuse clinics annually. SAMHSA grants promote acces...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages have quickly jumped to over half of revenue. While pandemic-era trends driving wage growth are settling, nationwide shortages of psychiatrists and nonclinical staff pre...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Mental Health & Substance Abuse Clinics in the US industry in United States is $32.6bn in 2024.
There are 16,460 businesses in the Mental Health & Substance Abuse Clinics in the US industry in United States, which has grown at a CAGR of 6.9 % between 2018 and 2023.
The market size of the Mental Health & Substance Abuse Clinics in the US industry in United States has been growing at a CAGR of 3.1 % between 2018 and 2023.
Over the next five years, the Mental Health & Substance Abuse Clinics in the US industry in United States is expected to grow.
The biggest companies operating in the Mental Health & Substance Abuse Clinics market in United States are Universal Health Services, Inc., Bay Cove Human Services, Inc. and Acadia Healthcare Company, Inc.
Outpatient treatment for mental illness and Outpatient treatment for substance use disorder are part of the Mental Health & Substance Abuse Clinics in the US industry.
The company holding the most market share in United States is Universal Health Services, Inc..
The level of competition is moderate and steady in the Mental Health & Substance Abuse Clinics in the US industry in United States.