2020 Psychiatrists Market By Type, Drivers, Restraints And Major Players, By Regions, Opportunities And Strategies by 2023

Psychiatrists Market - By Type (Mental Disorder Type, Patient Type, Geography), Drivers, Restraints, And Major Players, By Region, Opportunities And Strategies – Global Forecast To 2023 By The Business Research Company

The global psychiatrists market reached a value of nearly $197.0 billion in 2019, having grown at a compound annual growth rate (CAGR) of 6.0% since 2015, and is expected to grow at a CAGR of 6.9% to reach nearly $256.9 billion by 2023.

The Key driver of the psychiatrists market include:
Government Initiatives For Mental Health Reforms – Support for mental health resources led to a demand for mental care and drove the psychiatrists market in the historic period. For instance, in December 2016, the US federal introduced the 21st Century Cures Act, a healthcare package bill, which includes many mental health, substance use, and criminal justice provisions. This provision authorizes $4.8 billion over ten years to address mental health parity. In 2018, the Indian government allocated INR 500 million ($7.7 million) to ensure the availability of minimum mental health care for all - “the National Mental Health Programme”.

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Psychiatrists Market Segmentation:
The psychiatrists market is segmented by type of mental disorder, by type of patient and by geography:
By Mental Disorder Type- The psychiatrists market is segmented by mental disorder type into
a) Alcohol Abuse Mental And Behavioral Disorders
b) Psychoactive Substance Use Mental And Behavioral Disorders
c) Schizophrenia, Schizotypal And Delusional Disorders
d) Mood (Anxiety And Depression) Disorders
e) Other Mental And Behavioral Disorders
Psychoactive substance use mental and behavioral disorders had the highest growth rate of nearly 13.5% during the historic period.

By Patient Type - The psychiatrists market is segmented by patient into
a) Inpatient
b) Outpatient
psychoactive substance use mental and behavioral disorders outpatient market had the highest growth rate of nearly 15.0% during the historic period.

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By Geography - The psychiatrists market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in psychiatrists market are
• UK NHS
• Universal Health Services
• Massachusetts General Hospital
• New-York Presbyterian University Hospital
• Mayo Clinic
• Johns Hopkins Hospital
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