The Business Research Company’s latest report Residential Substance Abuse And Mental Health Facilities Global Market Report 2020 covers Residential Substance Abuse And Mental Health Facilities market drivers, Residential Substance Abuse And Mental Health Facilities market trends, Residential Substance Abuse And Mental Health Facilities market segments, Residential Substance Abuse And Mental Health Facilities market growth rate, Residential Substance Abuse And Mental Health Facilities market major players, and Residential Substance Abuse And Mental Health Facilities market size. The report provides in-depth analysis of the impact of COVID-19 on the Residential Substance Abuse And Mental Health Facilities industry, along with revised market numbers due to the effects of the coronavirus.
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Residential Substance Abuse And Mental Health Facilities Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global residential substance abuse and mental health facilities market is expected to grow from $77.3 billion in 2019 to $86.4 billion in 2020 at a compound annual growth rate (CAGR) of 11.9%. The growth can be attributed to the continued services being provided by the residential substance abuse and mental health facility services during the COVID-19 outbreak. The impact of COVID-19 has caused stress, anxiety, and depression in many patients. The mental health condition of patients with preexisting mental health issues has also worsened due to the COVID-19 impact. Therefore, people with substance abuse and mental health are advised to continue their treatment during COVID-19, and the service providers are permitted to continue providing their services following the recommendations and guidelines issued by health authorities. The market is then expected to grow at a CAGR of 6% from 2021 and reach $101.8 billion in 2023.
The report covers the residential substance abuse and mental health facilities market’s segments-
1) By Type: Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers.
2) By End User Gender: Male, Female.
3) By Type Of Expenditure: Public, Private.
Subsegments Covered: Residential Intellectual And Developmental Disability Facilities, Residential Mental Health Facilities, Illicit Drugs Addiction Treatment, Alcohol Addiction Treatment, Tobacco Addiction Treatment.
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