Psychiatric nursing
The market for psychiatric nursing in psychiatry is growing due to the increasing demand for mental health services and the shortage of mental health professionals. According to a report by Grand View Research, the global psychiatric nursing market size was valued at 139.7 billion USD in 2020 and is expected to grow at a compound annual growth rate of 4.6% from 2021 to 2028. The market is driven by the increasing prevalence of mental health disorders, growing awareness of mental health issues, and rising investments in mental health services. Key players in the psychiatric nursing market include mental health clinics, hospitals, and private practices, as well as government organizations and non-profit groups.