Awareness and understanding of mental health problems has increased during the five years to 2015 and will continue to rise in the five years to 2020. During the past five years, lingering recessionary conditions increased demand for industry services as many Americans experienced job loss and financial instability. Demand will remain high as the number of insured individuals increases over the next five years and as the aging baby-boomer generation approaches retirement.
This industry is composed of mental health practitioners who 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 who have a Doctor of Medicine (MD) degree or a Doctor of Osteopathy (DO) degree; they are classified under IBISWorld reports 62111a and 62111b.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.