Medicare and Medicaid coverage expansion and program funding through SAMHSA have aligned with changing societal attitudes toward the importance of substance abuse and mental illness treatment. Very high utilization rates at substance abuse residential centers indicate stress on service level. The gap between the people who need treatment for mental illness among young adults and members of marginalized communities underscores opportunities, so enterprise growth has occurred to meet these underserved needs. Despite the fixed costs to new establishments, industry-wide revenue grew at a CAGR of 3.9% to $24.8 billion over the past five years, including a moderate growth of 2.9% in 2023 alone. The Mental Health and Substance Abuse Centers industry includes establishments that primarily provide residential care and treatment for patients with mental illnesses, drug addiction and alcoholism. Industry services include lodging, supervision, evaluation and counseling. Medical services may be available, though these are incidental to counseling, mental rehabilitation and support services. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.In treatment: Plans to extend treatment coverage will provide opportunities for the industry
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
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