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Mental Health & Substance Abuse Centres in Canada - Industry Market Research Report

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    Report

  • 75 Pages
  • September 2024
  • Region: Canada
  • IBISWorld
  • ID: 4062286

Road to Recovery: Growing Demand for and Acceptance of Industry Services Will Likely Boost Revenue

Rising awareness of the economic, personal and societal benefits of mental health and substance abuse treatment has supported the growth of mental health and substance abuse centres in Canada. Expansion of mental health centres has been crucial, as the country's growing population and rising rates of mental health and substance abuse disorders have translated into a greater need for inpatient treatment. Long periods of isolation and uncertainty related to the COVID-19 pandemic worsened the country's rates of mental health conditions, creating an even larger need for treatment. Yet, labor shortages predating the pandemic and reduced capacity at centres limited their ability to provide care, although an injection of federal funding offset losses. While health expenditure has recovered, inflation and workforce shortages continue challenging mental health centres. In all, industry-wide revenue has been expanding at an estimated CAGR of 1.0% to $2.0 billion over the past five years, including expected growth of 3.3% in 2023.

The Mental Health and Substance Abuse Centres industry in Canada primarily provides residential care and treatment for patients with mental illnesses, drug addiction and alcoholism. Industry services include lodging, supervision, evaluation and counselling. Medical services may be available. However, these are incidental to counselling, 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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Methodology

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