Market Overview: Psychiatric and Substance Abuse Hospitals

The Psychiatric and Substance Abuse Hospitals industry, classified under NAICS 6222, encompasses establishments primarily engaged in providing diagnostic medical treatment and monitoring services for patients with mental illnesses or substance abuse problems. These facilities offer both inpatient and outpatient care as well as specialized treatment services.

The total addressable market (TAM) for the Psychiatric and Substance Abuse Hospitals industry is substantial, with an estimated market size of $23 billion as of the most recent available data. The compound annual growth rate (CAGR) for this industry is projected to be 5.6%.