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2024 U.S. Industry Statistics & Market Forecast - Psychiatric and Substance Abuse Hospitals
Market Size & Industry Statistics
The total U.S. industry market size for Psychiatric and Substance Abuse Hospitals:
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 | |
|---|---|---|
| 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 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Psychiatric and Substance Abuse Hospitals industry include:- Increased integration of telepsychiatry and remote care options
- Rising awareness and reducing stigma around mental health
- Growing prevalence of substance abuse and mental health disorders
- Shift towards personalized and precision medicine in treatment plans
- Enhanced focus on outpatient services and community-based care
- Integration of technology and digital tools in treatment methodologies
- Government policy changes and regulatory adjustments
- Increased demand for interdisciplinary approaches
- Pressure from insurance providers to reduce costs and demonstrate value
- Expansion in the range of services offered to treat dual diagnosis conditions
- Increasing partnerships and collaborations with non-psychiatric healthcare services
- Adoption of value-based care models in psychiatric services
- Changing demographics and the aging population's mental health needs
- Impact of economic uncertainty and societal stressors on mental health needs
Product & Services Breakdown
Research products and services in the Psychiatric and Substance Abuse Hospitals 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 |
|---|---|---|---|
Industry Total |
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Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis |
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Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139) |
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Patient Care - Mental Disorders (Icd-9 Codes 290-319) |
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Patient Care - All Other Patient Care |
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Daily Assisted Living And Skilled Nursing Services With Rehabilitation Services |
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Acute Long-Term Care Services |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Appropriations From General Government Revenues And Intergovernmental Transfers (Only Governmental Or Military Institutions Shou |
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All Other Revenue |
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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 Psychiatric and Substance Abuse Hospitals company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Psychiatric and Substance Abuse Hospitals 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 Psychiatric and Substance Abuse Hospitals measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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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. |
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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 |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 0% | |||
| Community and Social Service Occupations | 16% | |||
| Counselors, Social Workers, and Other Community and Social Service Specialists | 16% | |||
| Counselors | 8% | |||
| Substance Abuse, Behavioral Disorder, and Mental Health Counselors | 7% | |||
| Social Workers | 6% | |||
| Healthcare Practitioners and Technical Occupations | 41% | |||
| Healthcare Diagnosing or Treating Practitioners | 23% | |||
| Registered Nurses | 17% | |||
| Registered Nurses | 17% | |||
| Health Technologists and Technicians | 18% | |||
| Health Practitioner Support Technologists and Technicians | 13% | |||
| Psychiatric Technicians | 12% | |||
| Healthcare Support Occupations | 13% | |||
| Home Health and Personal Care Aides; and Nursing Assistants, Orderlies, and Psychiatric Aides | 12% | |||
| Nursing Assistants, Orderlies, and Psychiatric Aides | 10% | |||
| Nursing Assistants | 5% | |||
| Psychiatric Aides | 6% | |||
| Office and Administrative Support Occupations | 9% | |||
Psychiatric and Substance Abuse Hospitals Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Psychiatric and Substance Abuse Hospitals 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 Psychiatric and Substance Abuse Hospitals 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 Psychiatric and Substance Abuse Hospitals industry. |
Source:
Innovation News
- Sep 09, 2022: Healing Transitions trademarks "HEALING TRANSITIONS" - Rehabilitation for substance abuse patients; Rehabilitation of alcohol addicted patients; Rehabilitation of drug addicted patients; Rehabilitation of narcotic addicted patients
- Sep 09, 2022: Healing Transitions trademarks "HEALING TRANSITIONS" - Rehabilitation for substance abuse patients; Rehabilitation of alcohol addicted patients; Rehabilitation of drug addicted patients; Rehabilitation of narcotic addicted patients
- May 17, 2022: Safe Harbor Retreat trademarks "THE DUNES EAST HAMPTON" - Providing mental rehabilitation facilities; chemical dependency and substance abuse treatment services; Rehabilitation of drug addicted patients
Recent Federal Contracts for Psychiatric and Substance Abuse Hospitals
- Mar 07, 2024: INNOVATIVE SYSTEMS GROUP OF FLORIDA, INC. (Orlando, FL) awarded $9,199
- Feb 15, 2024: R A P INC (Washington, DC) awarded $954,227
- Jan 25, 2024: WISCONSIN AVENUE PSYCHIATRIC CENTER, INC (Washington, DC) awarded $1,156,198
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