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Psychiatric Hospitals in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV62221

Psychiatric Hospitals in West Virginia industry analysis

The Psychiatric Hospitals industry in West Virginia is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Psychiatric Hospitals in West Virginia Market Research Report

What’s Included in the Psychiatric Hospitals in West Virginia Market Research Report

Definition of the Psychiatric Hospitals in West Virginia?

The Psychiatric Hospitals industry comprises facilities licensed to offer diagnostic, medical treatment, and monitoring services for inpatients with mental illness or substance use disorders. These establishments provide inpatient beds and are staffed by physicians.

What’s included in the Psychiatric Hospitals in West Virginia?

The Psychiatric Hospitals in West Virginia includes patient care for mental disorders, acute long-term care services, assisted living services and assisted daily living for medical rehabilitation. Related terms covered in the Psychiatric Hospitals in West Virginia industry report includes the public or private organization that is responsible for payment of healthcare expenses, a seal of excellence that signifies a healthcare program has demonstrated quality, value and optimal service outcomes, an encompassing term including assessment and treatment of mental or psychoactive substance abuse disorders, a method of treatment that focuses on the interpersonal services offered to an individual through a system of community support, a professional who has completed both medical school and training in psychiatry and is a specialist in diagnosing and treating mental illness, an equivalence, or parity, in insurance coverage of mental and physical illnesses and an independent or autonomous facility that is not associated with another hospital or organization.

Industry Performance of the Psychiatric Hospitals industry in West Virginia

Benchmark the Psychiatric Hospitals in West Virginia industry performance with all WV county and national performance.

Psychiatric Hospitals in West Virginia

#35 in Highest Revenue 0.6% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Psychiatric Hospitals in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Psychiatric Hospitals industry in West Virginia

See how key industry drivers, such as population, unemployment rate, median houshold income, federal funding for medicare and medicaid, number of people with private health insurance and per capita disposable income are impacting Psychiatric Hospitals in West Virginia

West Virginia Economic Indicators

Population
Unemployment Rate
Median Houshold Income

View more economic information in WV State Economic profile

US Key External Drivers

Federal funding for Medicare and Medicaid
Number of people with private health insurance
Per capita disposable income

For the full list of industry drivers, see report purchase options.

County Data of the Psychiatric Hospitals industry in West Virginia

Access proprietary data on county in the Psychiatric Hospitals in West Virginia, such as Cabell County, Harrison County and Monongalia County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Psychiatric Hospitals industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Psychiatric Hospitals industry in West Virginia in 2025?

The market size of the Psychiatric Hospitals industry in West Virginia is $219.2m in 2025.

How many businesses are there in the Psychiatric Hospitals industry in West Virginia in 2025?

There are 9 businesses in the Psychiatric Hospitals industry in West Virginia, which has been growing at an average annual rate of 5.2% from 2020 to 2025.

Has the Psychiatric Hospitals industry in West Virginia grown or declined over the past 5 years?

The market size of the Psychiatric Hospitals industry in West Virginia has been growing at an average annual rate of 16.9% from 2020 to 2025.

How many employees in the Psychiatric Hospitals industry in West Virginia in 2025?

There are 2,065 employees in the Psychiatric Hospitals industry in West Virginia, which has been growing at an average annual rate of 1.8% from 2020 to 2025.