Global Residential Substance Abuse And Mental Health Facilities Market Trends And Strategies Of Major Players In The Residential Substance Abuse And Mental Health Facilities Market 2020

3 Dec, 2020

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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 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 residential substance abuse and mental health facility services 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 substance abuse and mental health facility services. This industry includes establishments 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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The global residential substance abuse and mental health facilities market is further segmented based on type, end-user, type of expenditure and geography.
By Type: Residential Mental Health & Intellectual Disability Facilities, Substance Abuse Centers.
By End User Gender: Male, Female.
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.
By Geography: The global residential substance abuse and mental health facilities market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American residential substance abuse and mental health facilities market accounts for the largest share in the global residential substance abuse and mental health facilities market.

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Trends In The Residential Substance Abuse And Mental Health Facilities Market
Online tools and telehealth consultations are offering access to mental health experts to individuals dealing with mental illness. It is also an ideal tool for individuals who prefer anonymity. Live internet-based chemical dependency treatment performs well compared to traditional face-to-face counseling.
Residential Substance Abuse And Mental Health Facilities Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides residential substance abuse and mental health facilities market overviews, analyzes and forecasts market size and growth for the global residential substance abuse and mental health facilities market, residential substance abuse and mental health facilities market share, residential substance abuse and mental health facilities market players, residential substance abuse and mental health facilities market segments and geographies, residential substance abuse and mental health facilities market’s leading competitors’ revenues, profiles and market shares. The residential substance abuse and mental health facilities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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