Family Counseling & Crisis Intervention Services in the US - Industry Market Research Report

Family Counseling & Crisis Intervention Services in the US - Industry Market Research Report

  • June 2020 •
  • 36 pages •
  • Report ID: 237700 •
  • Format: PDF
Crisis averted: Government funding is projected to expand, which will likely drive revenue growth

Abstract

Family Counseling & Crisis Intervention Services in the US
The Family Counseling and Crisis Intervention Services industry provides a range of social services. Demand for these services is countercyclical, meaning that the industry typical grows during times of economic recession. However, despite overall economic growth over the five years to 2019, the industry has expanded mainly due to budget increases at the state and local levels, as well as a rising budget for social services at the federal level through most of the current period. Furthermore, the majority of operators in this industry are nonprofit, government-funded agencies; therefore, the industry is inextricably tied to federal, state and local funding for social services. Local and state government investment increased over the past five years, while federal funding for social services increased for much of the previous five-year period. As a result, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. Government funding for the Substance Abuse and Mental Health Services Administration is projected to expand, which will likely drive revenue growth.

This industry includes operators that provide nonresidential individual and family social assistance services. This includes counseling and support groups for alcoholism and drug addiction, abuse, marriage and parenting, crisis centers and family welfare services. This industry does not include social assistance services specifically for mental health, children, the elderly or individuals with disabilities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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