The psychiatrists market size has grown rapidly in recent years. It will grow from $198.67 billion in 2024 to $220.39 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to mental health awareness, reducing stigma, policy and insurance support, changing lifestyles, advancements in treatment approaches.
The psychiatrists market size is expected to see strong growth in the next few years. It will grow to $288.17 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising remote mental health services, rising workplace mental health initiatives, expanded mental health coverage, integration with primary care, focus on prevention and early intervention. Major trends in the forecast period include personalized treatment plans, integration of ai and data analytics, online support communities, focus on child and adolescent psychiatry, remote monitoring tools.
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Which industry factors have accelerated the psychiatrists market’s expansion?
The rising government support for mental health reforms is expected to propel the growth of the psychiatrist market going forward. Support for mental health resources led to a demand for mental care and drove the psychiatrist’s market. For instance, in 2022, according to the National Institution of Mental Health, a US-based research organization, among the 59.3 million adults with AMI, 30.0 million (50.6%) received mental health treatment in the past year. Therefore, rising government support for mental health reforms is driving the growth of the psychiatrist’s market.
What are the primary segments of the psychiatrists market?
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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Which firms are leading 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 market trends are set to define the future of the psychiatrists market?
The new studies associated with psychiatric genetics are discovering complex disorders related to mental health are a key trend gaining popularity in the psychiatrists market. Psychiatric genetics studies the role of genetics in the causes of mental health and provides knowledge to improve treatment methods. For instance, scientists discovered causes related to anorexia, an eating disorder. The researchers found that the problems related to this disorder were driven by metabolism. The researchers compared nearly 17,000 anorexia symptomatic people’s DNA with more than 55,000 healthy controls. The study revealed eight genes that linked anorexia to anxiety, depression, and obsessive-compulsive disorder, all of which were expected. Ultimately, these genetic discoveries will provide clues to the major mental disorders.
Which geographic trends are shaping the psychiatrists market, and which region has the highest market share?
The countries covered in the psychiatrists market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Psychiatrists Market Report 2025 Offer?
The psychiatrists market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Psychiatrists provide the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders. Psychiatrists are licensed practitioners with a degree in M.D. (Doctor of Medicine) or D.O. (Doctor of Osteopathic Medicine) who provide palliative care and treat psychosomatic disorders, mental disorders, and others. They operate private or group practices in their own offices (e.g., centers, clinics) or in the facilities of others, such as hospitals or health maintenance organizations (HMO) medical centers.
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