The residential substance abuse and mental health facilities global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Residential Substance Abuse And Mental Health Facilities Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The residential substance abuse and mental health facilities market size has grown strongly in recent years. It will grow from $118.62 billion in 2023 to $129.89 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to substance abuse epidemics, mental health awareness, deinstitutionalization, legislation and healthcare policies, changes in insurance coverage and parity laws .
The residential substance abuse and mental health facilities market size is expected to see strong growth in the next few years. It will grow to $172.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to mental health parity, telehealth and digital solutions, opioid crisis response, access to care, integration of services. Major trends in the forecast period include holistic and trauma-informed care, dual diagnosis treatment, evidence-based practices, recovery-oriented services, cultural competency and diversity.
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Scope Of Residential Substance Abuse And Mental Health Facilities Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Residential Substance Abuse And Mental Health Facilities Market Overview
Market Drivers –
Autism and Attention Deficit and Hyperactivity Disorder (ADHD) cases are increasing in most parts of the world. ADHD is defined by impaired functioning in the areas of attention, hyperactivity, and impulsivity and autism is a neurodevelopmental disorder characterized by impaired social interaction, verbal and non-verbal communication, and restricted and repetitive behavior. According to the Centers for Disease Control and Prevention (CDC), around one in every 36 children in the US has an autism spectrum disorder (ASD) in 2023. Increasing incidences of mental issues is expected to drive this market growth going forward.
Market Trends –
Medical service providers are using technology-based interventions to aid in the treatment of substance abuse patients. Technology is used to deliver interventions via digital platforms with the intention of treating substance use disorders by providing emotional, decisional, or behavioral support for physical and mental health problems. These technology-based interventions include internet technology-mediated therapy, web-based self-help interventions, and virtual therapeutic software. Also, self-guided and web-based education interventions enable people to access information about specific symptoms, diagnoses of conditions that effect on patient health and treatments and provide communication between a therapist and patient through the internet. For instance, major hospitals offering technology-based interventions for substance abuse disorders include the Mayo Clinic, Texas Medical Centre, Johns Hopkins, The London Clinic, American Hospital, and Fortis Memorial Research Institute.
The residential substance abuse and mental health facilities market covered in this report is segmented –
1) By Type: Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers
2) By Type of Expenditure: Public, Private
3) By End User Gender: Male, Female
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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Regional Insights –
North America was the largest region in the residential substance abuse and mental health facilities market in 2023. Western Europe was the second largest region in the residential substance abuse and mental health facilities market. The regions covered in the residential substance abuse and mental health facilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the residential substance abuse and mental health facilities market include Kaiser Permanente, Universal Health Services Inc., Ohio Department of Mental Health and Addiction Services, NHS England, Acadia Healthcare Company, CareTech Holdings PLC, Pyramid Healthcare, Haven Behavioral Healthcare, American Addiction Centers, Behavioral Health Network Inc. (BHN), Promises Behavioral Health, Aware Recovery Care, The MENTOR Network, Strategic Behavioral Health, Ascension Seton, North Range Behavioral Health, Phoenix House, Caron Treatment Centers, Sierra Tucson, The Meadows, Rogers Behavioral Health, Timberline Knolls Residential Treatment Center, The Ranch, The Recovery Village, Sunspire Health, Summit BHC, The Aviary Recovery Center, The Meadows, The MENTOR Network, The Pavilion.
Table of Contents
1. Executive Summary
2. Residential Substance Abuse And Mental Health Facilities Market Report Structure
3. Residential Substance Abuse And Mental Health Facilities Market Trends And Strategies
4. Residential Substance Abuse And Mental Health Facilities Market – Macro Economic Scenario
5. Residential Substance Abuse And Mental Health Facilities Market Size And Growth
…..
27. Residential Substance Abuse And Mental Health Facilities Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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