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The residential substance abuse and mental health facilities market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 7%, as per The Business Research Company’s market report!

Read More On The Residential Substance Abuse And Mental Health Facilities Market Report 2022 – https://www.thebusinessresearchcompany.com/report/residential-substance-abuse-and-mental-health-facilities-global-market-report

The Residential Substance Abuse And Mental Health Facilities Market Size In 2022 And Forecast

The global residential substance abuse and mental health facilities market is expected to grow from $95.3 billion in 2021 to $106.43 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The residential substance abuse and mental health facilities market is expected to grow to $141.62 billion in 2026 at a CAGR of 7.4%.

The residential substance abuse and mental health facilities market consists of sales of residential substance abuse and mental health facility services and related goods by entities (organizations, sole traders and partnerships) that provide residential mental health & intellectual disability facility services and substance abuse centers that offer treatment to drug addicted patients, counseling and other support services to mentally challenged patients.

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Increase In Incidences Of Mental Issues Is Driving The Growth Of The Residential Substance Abuse And Mental Health Facilities Market

According to Centers for Disease Control and Prevention (CDC), around one in every 54 children in the US has an autism spectrum disorder (ASD) in 2020. Increasing incidences of mental issues is expected to drive this market growth going forward.

Competitive Landscape And The Regional Analysis Of The Residential Substance Abuse And Mental Health Facilities Market

Major players in the residential substance abuse and mental health facilities market are Kaiser Permanente, universal health services, Ohio Department of Mental Health and Addiction Services, NHS England, Acadia Healthcare Company, CareTech Holdings PLC, and Pyramid Healthcare.

Additionally, as per TBRC’s research – North America was the largest region in the residential substance abuse and mental health facilities market in 2021 holding the largest market share.

The Residential Substance Abuse And Mental Health Facilities Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the residential substance abuse and mental health facilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the residential substance abuse and mental health facilities market.

Technology-Based Interventions – A Key Trend In The Residential Substance Abuse And Mental Health Facilities Market

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 to treat 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 are enabling people to access information about specific symptoms, diagnosis of condition effect on patient health and treatments, provide communication between a therapist and patient through the internet.

Residential Substance Abuse And Mental Health Facilities Market Segmentation By The Business Research Company

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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