Residential Substance Abuse And Mental Health Facilities Global Market Sees Growth Rate Of 13% Through 2022
9 Feb, 2022
The global residential substance abuse and mental health facilities market size is expected to grow from $95.30 billion in 2021 to $107.43 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The residential substance abuse and mental health facilities market is expected to reach $163.42 billion in 2026 at a CAGR of 11.1%.
What is the Global Residential Substance Abuse And Mental Health Facilities Market?
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, counselling and other support services to mentally challenged patients.
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What drives the Global Residential Substance Abuse And Mental Health Facilities Market?
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 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 the residential substance abuse and mental health facilities market growth going forward.
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https://www.thebusinessresearchcompany.com/report/residential-substance-abuse-and-mental-health-facilities-global-market-reportGlobal Residential Substance Abuse And Mental Health Facilities Market Segments
The global residential substance abuse and mental health facilities market is segmented:
By Type: Residential Mental Health and Intellectual Disability Facilities, Substance Abuse Centers
By End-User Sex: Male, Female
By Type of Expenditure: Public, Private
By Geography: 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.
Residential Substance Abuse And Mental Health Facilities Global Market Report 2022provides market size and growth forecasts for the global residential substance abuse and mental health facilities market, global residential substance abuse and mental health facilities market share, residential substance abuse and mental health facilities market segments and geographies, residential substance abuse and mental health facilities market competitive landscape including 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.
Global Residential Substance Abuse And Mental Health Facilities Industry Playersinclude Kaiser Permanente, Universal Health Services, Ohio Department of Mental Health and Addiction Services, NHS England, Acadia Healthcare Company, CareTech Holdings PLC, and Pyramid Healthcare. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.