US Mental Health Services Market Overview
US Mental Health Services Market Size was valued at USD 11.5 Billion in 2022. The mental health services market industry is projected to grow from USD 11.7 Billion in 2023 to USD 13.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 1.80% during the forecast period (2023 - 2032). Increasing prevalence of mental health disorders, and the growing acceptance of mental health treatment are the main market drivers anticipated to propel the mental health services market in the United States.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mental Health Services Market Trends
- Increasing prevalence of mental health disorders is driving the market growth
The increasing prevalence of mental health disorders in the US is a major driver of the growth of the mental health services market. Mental health disorders can include a wide range of conditions such as depression, anxiety, bipolar disorder, schizophrenia, and substance abuse disorders. These disorders can be caused by a variety of factors, including genetic predisposition, environmental factors, and life experiences such as trauma or stress. According to the National Institute of Mental Health, approximately one in five US adults experience a mental illness each year. The COVID-19 pandemic has also led to a significant increase in mental health disorders, as people have faced increased stress, isolation, and uncertainty. The pandemic has also led to increased rates of substance abuse and addiction. The growing demand for mental health services due to the increasing prevalence of mental health disorders has led to a growth in the mental health services market in the US. Providers are expanding their services to meet the growing demand, and new providers are entering the market to offer innovative solutions to mental health treatment.
Furthermore, growing acceptance of mental health treatment is another driver of the growth of the US mental health services market. In the past, mental health disorders were often stigmatized and misunderstood, and people with mental health disorders were often reluctant to seek treatment due to fear of being judged or discriminated against. However, in recent years, there has been a growing acceptance of mental health treatment in the US, which has reduced the stigma associated with mental illness. One of the factors driving the growing acceptance of mental health treatment is increased awareness and education about mental health. Mental health advocates, healthcare professionals, and public health campaigns have all worked to increase awareness and understanding of mental health disorders and the importance of seeking treatment. This has helped to reduce the stigma associated with mental illness and encourage more people to seek treatment.
Mental Health Services Market Segment Insights:
Mental Health Services Disorder Insights
The US Mental Health Services market segmentation, based on disorder includes Schizophrenia, Alcohol Use Disorders, Bipolar Disorder, Depression, Anxiety, Post-Traumatic Stress Disorder, Substance Abuse Disorders, Eating Disorders, and Other Disorders. The depression segment dominated the market mostly. The high prevalence of depression in the US is driving the demand for mental health services that specifically target this disorder. Mental health providers are expanding their services and investing in new treatment approaches to help patients manage their symptoms and improve their quality of life. The growing availability of mental health services for depression is also helping to reduce the stigma associated with mental illness and encourage more people to seek help.
Mental Health Services Service Insights
The US Mental Health Services market segmentation, based on service, includes Emergency Mental Health Services, Outpatient Counselling, Home-Based Treatment Services, Inpatient Hospital Treatment Services, and Other Services. The outpatient counselling category generated the most income. The growing demand for outpatient counseling services is being driven by several factors. First, there is a growing acceptance of mental health treatment in the US, which is reducing the stigma associated with mental illness and encouraging more people to seek help. Second, there is a growing awareness of the importance of early intervention and prevention of mental health disorders, which is leading more people to seek regular counseling to manage their mental health.
Mental Health Services Age Group Insights
The US Mental Health Services market segmentation, based on age group, includes Pediatric, Adult, and Geriatric. The adult category generated the most income. The growing demand for mental health services for adults is being driven by several factors. First, there is a growing awareness of the importance of mental health in overall health and wellbeing, which is leading more adults to seek mental health treatment. Second, the adult population in the US is growing, which is increasing the demand for mental health services that specifically target this age group.
Figure 1: US Mental Health Services Market, by Age Group, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Mental Health Services Country Insights
The US mental health services market is the growing at a significant rate, and it is expected to continue to grow in the coming years. The US has a well-established mental health care system, with a large number of mental health providers, hospitals, and clinics that provide a wide range of services to patients with mental health disorders. The US mental health services market is also being driven by the increasing availability and accessibility of mental health services. Mental health providers are expanding their services and investing in new technologies and treatment approaches to meet the growing demand for mental health services. This is making mental health services more convenient and accessible for patients. In terms of challenges, the US mental health services market is facing issues related to access to care, particularly for underserved populations such as rural communities and low-income individuals. The high cost of mental health services is also a barrier to care for many people. There is a need for increased investment in mental health services to address these challenges and ensure that all individuals have access to high-quality mental health care.
Mental Health Services Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the mental health services market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, mental health services industry must offer cost-effective items.
Major players in the mental health services market are attempting to increase market demand by investing in research and development operations includes Acadia Healthcare, The MENTOR Network, Universal Health Services, Inc., Behavioral Health Network, Inc., CareTech Holdings PLC, Strategic Behavioral Health, Ascension Seton, North Range Behavioral Health, Pyramid Healthcare, and Promises Behavioral Health.
Key Companies in the mental health services market include
- Acadia Healthcare
- The MENTOR Network
- Universal Health Services, Inc.
- Behavioral Health Network, Inc.
- CareTech Holdings PLC
- Strategic Behavioral Health
- Ascension Seton
- North Range Behavioral Health
- Pyramid Healthcare
- Promises Behavioral Health
Mental Health Services Industry Developments
2019: UnitedHealth Group acquired AbleTo, a digital mental health platform that provides virtual behavioral health care services to patients. The acquisition was part of UnitedHealth's efforts to expand its mental health services offerings and improve access to care for patients.
2018: Cigna acquired Express Scripts, a pharmacy benefit manager, which included its behavioral health subsidiary, eviCore. The acquisition was aimed at improving coordination between medical and behavioral health care services and expanding access to mental health services for Cigna's customers.
Mental Health Services Market Segmentation
Mental Health Services Disorder Outlook
- Schizophrenia
- Alcohol Use Disorders
- Bipolar Disorder
- Depression
- Anxiety
- Post-Traumatic Stress Disorder
- Substance Abuse Disorders
- Eating Disorders
- Other Disorders
Mental Health Services Service Outlook
- Emergency Mental Health Services
- Outpatient Counselling
- Home-based Treatment Services
- Inpatient Hospital Treatment Services
- Other Services
Mental Health Services Age Group Outlook
- Pediatric
- Adult
- Geriatric
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 1.5 Billion |
| Market Size 2023 |
USD 11.7 Billion |
| Market Size 2032 |
USD 13.5 Billion |
| Compound Annual Growth Rate (CAGR) |
1.80% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Disorder, Services, Age Group and Region |
| Countries Covered |
US |
| Key Companies Profiled |
Acadia Healthcare; The MENTOR Network, Universal Health Services, Inc.; Behavioral Health Network, Inc.; CareTech Holdings PLC; Strategic Behavioral Health; Ascension Seton; North Range Behavioral Health; Pyramid Healthcare; Promises Behavioral Health |
| Key Market Opportunities |
·      The integration of mental health care with primary care and other medical specialties ·      Rise in the number of new investors, and robust R&D efforts by current market participants |
| Key Market Dynamics |
·      Increasing Availability and Accessibility of Mental Health Services ·      Growing Acceptance of Mental Health Treatment |
Frequently Asked Questions (FAQ) :
The US mental health services market size was valued at USD 11.5 Billion in 2022.
The market is projected to grow at a CAGR of 1.80% during the forecast period, 2023-2032.
The key players in the market are Acadia Healthcare; The MENTOR Network, Universal Health Services, Inc.; Behavioral Health Network, Inc.; CareTech Holdings PLC; Strategic Behavioral Health; Ascension Seton; North Range Behavioral Health; Pyramid Healthcare; Promises Behavioral Health.
The depression category dominated the market in 2022.
The adult category had the largest share in the market.
