{"id":53041,"date":"2021-10-26T07:56:38","date_gmt":"2021-10-26T11:56:38","guid":{"rendered":"https:\/\/flauntmydesign.com\/?p=53041"},"modified":"2021-11-19T12:48:00","modified_gmt":"2021-11-19T17:48:00","slug":"spotnik-mental-health-practitioners","status":"publish","type":"post","link":"https:\/\/flauntmydesign.com\/spotnik-mental-health-practitioners\/","title":{"rendered":"Spotnik: Mental Health Practitioners"},"content":{"rendered":"

This blog series, “Spotnik,” looks for and brings growth opportunities to your attention.<\/strong><\/p>\n

That your clients' own market grows is the most important factor when choosing a niche. If their market is shrinking, there probably won't be enough business for you either, so…<\/p>\n

Does “Mental Health” Grow?<\/h2>\n

Yes. Mental health practitioners are seeing a higher demand for their services. Industry revenue is booming and funding is pouring in.<\/p>\n

Forecasts suggest the U.S. behavioral health market will grow at a rate of just under 4% per year over the next five years.<\/p>\n

New companies are entering the industry: Between 2017 and 2020, the number of establishments increased by 31% (+ 5,662 businesses.) In 2020, there were 23,781 offices of mental health practitioners in the U.S.<\/p>\n

The above numbers don't include self-employed mental health professionals, which adds a significant chunk of potential clients. For example, nearly half of U.S. psychologists (44.8 percent) work in private practice.<\/p>\n

In addition, there are 11,699 offices of mental health physicians (MDs,) 12,825 outpatient mental health centers, and thousands of substance abuse hospitals\/residential care businesses. All these operations have grown at a similar rate.<\/p>\n

What Drives the Demand for Mental Health Services?<\/h2>\n