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2023 U.S. Industry Statistics & Market Forecast - Physicians, Mental Health Specialists


Market Size & Industry Statistics

The total U.S. industry market size for Physicians, Mental Health Specialists: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Physicians, Mental Health Specialists market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Physicians and Mental Health Specialists industry is facing several key trends that are shaping the future of healthcare delivery. One of these trends is the aging population, which is increasing demand for medical services. As the population ages, more people are experiencing chronic diseases and mental illnesses, requiring specialized care from physicians and mental health specialists.

Another trend that is affecting the industry is the use of technology in healthcare. Advances in medical technology are changing the way that healthcare services are delivered and improving patient outcomes. Telemedicine, electronic health records, and artificial intelligence are examples of technological innovations that are transforming the industry.

Healthcare policy is also a significant trend in the industry. Changes in healthcare policy can have a significant impact on the delivery and funding of healthcare services. The increasing focus on value-based care and cost containment is driving changes in the way physicians and mental health specialists provide care to patients.

Lastly, there is a growing demand for patient-centered care, where patientsí needs and preferences are at the forefront of care delivery. This trend is driving healthcare providers to focus on improving the patient experience, enhancing communication, and offering more personalized care.

In summary, the aging population, technology, healthcare policy, and patient-centered care are key trends affecting the Physicians and Mental Health Specialists industry. Healthcare providers must continue to innovate and adapt to these trends to ensure that high-quality care is provided to patients in a cost-effective manner.



Product & Services Breakdown

Research products and services in the Physicians, Mental Health Specialists industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis

Patient Care - Mental Disorders (Icd-9 Codes 290-319)



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Physicians, Mental Health Specialists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Physicians, Mental Health Specialists industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Physicians, Mental Health Specialists measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers1%
Healthcare Practitioners and Technical Occupations 45%
Healthcare Diagnosing or Treating Practitioners 33%
Registered Nurses 8%
Registered Nurses 8%
Physicians 14%
Health Technologists and Technicians 11%
Healthcare Support Occupations 18%
Other Healthcare Support Occupations 17%
Miscellaneous Healthcare Support Occupations 17%
Medical Assistants 15%
Office and Administrative Support Occupations 28%
Information and Record Clerks 9%
Receptionists and Information Clerks 6%
Receptionists and Information Clerks 6%
Secretaries and Administrative Assistants 9%
Secretaries and Administrative Assistants 9%
Medical Secretaries and Administrative Assistants 8%
Source: Bureau of Labor Statistics


Physicians, Mental Health Specialists Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Physicians, Mental Health Specialists industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Physicians, Mental Health Specialists industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Physicians, Mental Health Specialists industry.
Source:
IncFact


Government Contracts

In 2022, the federal government spent a total of $322,074,209 on Physicians, Mental Health Specialists. It has awarded 634 contracts to 262 companies, with an average value of $1,229,291 per company.   

Most Recent Contracts Date Total Award Amount
SACRAMENTO NATIVE AMERICAN HEALTH CENTER INC
2020 J St
Sacramento, CA
Jun 30, 2023$12,348,238




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