Residential Substance Abuse And Mental Health Facilities Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest residential substance abuse and mental health facilities market share in 2022.
The global residential substance abuse and mental health facilities market grew from $106.52 billion in 2022 to $115.53 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The residential substance abuse and mental health facilities market is expected to grow to $152.11 billion in 2027 at a CAGR of 7.1%.
Major Driver In The Residential Substance Abuse And Mental Health Facilities Market – Growth In Autism and Attention Deficit and Hyperactivity Disorder Cases
According to Centres 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.
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Key Residential Substance Abuse And Mental Health Facilities Market 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
Recent Residential Substance Abuse And Mental Health Facilities Market Trend – Use Of Technology-Based Interventions
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 behavioural 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 Prominent Players
Major companies in the residential substance abuse and mental health facilities market include Kaiser Permanente, universal health services, Ohio Department of Mental Health and Addiction Services, NHS England, Acadia Healthcare Company, CareTech Holdings PLC, and Pyramid Healthcare.
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The Residential Substance Abuse And Mental Health Facilities Global Market Report 2023 provides a comprehensive overview on the residential substance abuse and mental health facilities market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Residential substance abuse and mental health facilities are treatment centres where patients can stay and undergo treatment.
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