Psychologists, Social Workers & Marriage Counselors in the US
The Psychologists, Social Workers and Marriage Counselors industry includes nonphysician mental health practitioners that diagnose and treat mental, emotional and behavioral disorders. The nature of the industry enables it to thrive even when economic conditions are poor; mental health services are needed especially when there is a higher potential for damage to individuals' ego, strength and emotional stability. Asa a result, over the five years to 2019, revenue for the industry is expected to grow. The Patient Protection and Affordable Care Act (PPACA) that passed in 2010 has significantly boosted industry demand by increasing the number of people with access to public and private health insurance. Federal funding for Medicare and Medicaid is expected to continue expanding over the five years to 2024 due to rising demand as a result of the PPACA. Additional stipulations in health reform, combined with improving economic conditions, will likely increase the number of privately insured individuals, further boosting demand for mental health counseling.
This industry is composed of mental health practitioners that diagnose and treat mental, emotional and behavioral disorders brought about by mental illness, substance abuse or physical and emotional trauma. These practitioners include psychologists, social workers and marriage counselors. The industry excludes mental health professionals that have a Doctor of Medicine degree or a Doctor of Osteopathy degree; they are classified under IBISWorld reports 62111a and 62111b.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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