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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Psychiatrists & Physician Mental Health Specialists
Market Size & Industry Statistics
The total U.S. industry market size for Psychiatrists & Physician 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.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
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Market Forecast ($ millions) | |||||
Projected Industry Growth Rate (%) |
Industry Insights
Major trends affect the Psychiatrists & Physician Mental Health Specialists industry include:- Increased demand due to rising mental health awareness
- Integration of telepsychiatry and digital health technologies
- Greater emphasis on personalized medicine and precision psychiatry
- Shortage of qualified psychiatrists in certain regions
- Expanding role of psychiatrists in multidisciplinary teams
- Growing acceptance and utilization of psychotherapy alongside pharmacotherapy
- Rising healthcare costs impacting access to services
- Regulatory changes affecting reimbursement policies
- Impact of social media on mental health perceptions and treatment-seeking behavior
- Challenges and opportunities posed by the integration of mental health services in primary care settings
Product & Services Breakdown
Research products and services in the Psychiatrists & Physician Mental Health Specialists industry generating sales. Note that products are broken into categories with different levels of classification.Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
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Industry Total |
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Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis |
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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.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 Average | Percent of Sales (Industry Benchmark) |
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Total Revenue | Order at top of page |
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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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Psychiatrists & Physician Mental Health Specialists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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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 Psychiatrists & Physician Mental Health Specialists industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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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). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Psychiatrists & Physician 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 Ratios | Industry Average |
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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. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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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. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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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.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 4% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 1% | |||
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% |
Psychiatrists & Physician Mental Health Specialists Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Psychiatrists & Physician 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 Psychiatrists & Physician 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 Psychiatrists & Physician Mental Health Specialists industry. |
Innovation News
- Jan 31, 2024: South Central Montana Regional Mental Health Center trademarks "BRIDGEMONT" - Counseling in the field of mental health and wellness; Mental health services
- Jan 26, 2024: Dunamis Center trademarks "DUNAMIS WELLNESS" - Health care; medical services; veterinary services; hygienic and beauty care for human beings or animals; agriculture, horticulture and forestry services
- Jan 17, 2024: Altamed Health Services trademarks "STOMP" - Medical services
- Nov 27, 2023: Alto Neuroscience raises $32 million in funding.
- Nov 27, 2023: Alto Neuroscience raises $45 million in funding.
- Nov 27, 2023: Alto Neuroscience raises $8 million in funding.
- Apr 20, 2023: Alto Neuroscience patents Enhancement Of Camp Signaling As A Combination Drug Strategy For The Treatment Of Psychiatric And Neurological Disorders In Which Depressive, Anhedonia, Motivation-related Or Cognition-related Dysfunc
- Jan 07, 2021: Epilepsyco patents Systems And Methods For A Brain Acoustic Resonance Intracranial Pressure Monitor
- Jan 07, 2021: Epilepsyco patents Systems And Methods For A Brain Acoustic Resonance Intracranial Pressure Monitor
Recent Federal Contracts for Psychiatrists & Physician Mental Health Specialists
- Apr 02, 2024: SIOUXLAND HOSPITALISTS, PLLC (Sioux City, IA) awarded $49,400
- Apr 01, 2024: SCHNIEWIND JR MD, HENRY (Cambridge, MA) awarded $171,728
- Apr 01, 2024: CAMPION MD, ROBERT (Montclair, NJ) awarded $118,378
- Apr 01, 2024: BRUCE A. LEVI, PH.D. (Weston, CT) awarded $18,900
- Mar 29, 2024: ZALOUDEK, RICHARD J MD (La Grange Park, IL) awarded $23,760
- Mar 29, 2024: CREMERIUS, MICHAEL PHD (Chicago, IL) awarded $100,980